Wilmington, Delaware-based DuPont de Nemours, Inc. (DD) provides technology-based materials and solutions. With a market cap of $34.3 billion, the company offers a diverse range of products, such as construction materials, adhesives, electronic, fabrics, fibers, home garden, medical devices, resins, printing, and consumer products. DuPont de Nemours serves energy, automotive, construction, government, military, safety, and packaging industries globally.
Companies worth $10 billion or more are generally described as “large-cap stocks,” and DD perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the specialty chemicals industry. DuPont drives growth through strategic acquisitions, such as Donatelle Plastics, and operational realignments, enhancing capabilities and market reach. As a pioneer in materials science, DuPont's legacy of innovation and quality positions it favorably against competitors. Its continued R&D investments ensure the company remains at the forefront of specialty chemicals and advanced materials.
Despite its notable strength, DD slipped 2.7% from its 52-week high of $85.12, achieved on Jul. 31. Over the past three months, DD stock has gained 3%, underperforming the Materials Select Sector SPDR Fund’s (XLB) 4.6% gains during the same time frame.
In the longer term, shares of DD rose 7.7% on a YTD basis and climbed 11.1% over the past 52 weeks, underperforming XLB’s YTD gains of 9.6% and solid 14.7% returns over the last year.
However, DD has been trading above its 200-day moving average since early May. Also, it is trading above its 50-day moving average recently, indicating an uptrend.
On Jul. 31, DD shares closed up more than 4% after reporting its Q2 results. Its adjusted EPS of $0.97 exceeded Wall Street expectations of $0.85. The company’s revenue was $3.2 billion, beating Wall Street forecasts of $3 billion. DD expects full-year adjusted EPS to be $3.70 to $3.80 and expects revenue in the range of $12.4 billion to $12.5 billion.
DD’s rival, PPG Industries, Inc. (PPG), has had a rough ride. PPG's shares plummeted 14.8% in 2024 alone and 4.7% over the past 52 weeks, lower than DD’s returns in the same time periods.
Wall Street analysts are moderately bullish on DD’s prospects. The stock has a consensus “Moderate Buy” rating from the 15 analysts covering it, and the mean price target of $95.83 suggests a potential upside of 15.7% from current price levels.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
