DowDuPont Unit Inks 3-Year Digital Solutions Deal With Planet

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DowDuPont Inc .'s DWDP agriculture division Corteva Agriscience through its software business, Granular has signed a three-year agreement with aerospace and data analytics company, Planet. This global partnership will provide digital agriculture software solutions to farmers.

Per the deal, Granular will directly license and integrate Planet's daily feed of satellite imagery into its farm-management software, starting with its industry-leading agronomy offering, Encirca Services. The agreement will enhance analytics tools and will further help farmers manage risk and increase yields.

Planet's first-of-its-kind global daily satellite data provide farmers with timely visibility into problem spots, as well as patterns in weather-related impacts, on every field. Granular's world-class analytics enhances the use of this daily imagery to provide farmers with valuable insights for optimal response. Together, the combined solutions enable farmers to maximize crop potential.

DowDuPont has underperformed the industry it belongs to over a year. The company's shares have moved up around 5.6% over this period, compared with roughly 13.1% gain recorded by the industry.

DowDuPont is seeing strong leading indicators of broad-based growth across developed economies including in the United States, Germany and France. Moreover, the emerging middle class in developing economies, especially in China and India, continues to support sustainable growth. This augurs well for the company's products and technologies.

The company has also realized more than $800 million in annual cost synergy run-rate from its cost synergy programs. It has raised its cost-synergy commitment from $3 billion to $3.3 billion. DowDuPont remains committed to achieve the increased cost synergy target and deliver new products from growth investments and strong innovation pipeline.

Zacks Rank & Stocks to Consider

DowDuPont currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the chemical space are LyondellBasell Industries N.V. LYB , Kronos Worldwide Inc. KRO and BASF SE BASFY .

LyondellBasell has an expected long-term earnings growth rate of 9% and sports a Zacks Rank #1 (Strong Buy). The company's shares have moved up 26.2% in a year. You can see the complete list of today's Zacks #1 Rank stocks here .

Kronos has an expected long-term earnings growth rate of 5% and flaunts a Zacks Rank #1. Its shares have gained 52% over a year.

BASF has an expected long-term earnings growth rate of 6.7% and carries a Zacks Rank #2 (Buy). Its shares have moved up 8.6% in a year.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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