Wilmington, Delaware-based DuPont de Nemours, Inc. (DD) provides technology-based materials and solutions. With a market cap of $32.4 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.
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. Through strategic acquisitions like Donatelle Plastics and operational realignments, DuPont is driving growth by expanding its capabilities and market reach. As a leader in materials science, DuPont is known for its legacy of innovation and high-quality products, giving it a competitive edge in the industry. With ongoing investments in research and development, DuPont is committed to staying ahead in the field of specialty chemicals and advanced materials.
Despite its notable strength, DD slipped 14.7% from its 52-week high of $90.06, achieved on Sep. 27. Over the past three months, DD stock has dipped 7.6%, underperforming the S&P 500 Index’s ($SPX) 2.7% gains during the same time frame.
In the longer term, shares of DD declined marginally on a YTD basis but climbed 3.7% over the past 52 weeks, underperforming SPX’s 23% gains on a YTD basis and over the last year.
However, DD has been trading below its 50-day moving average since early November. It is trading below its 200-day moving average recently.
On Nov. 5, DD shares closed up more than 4% after reporting its Q3 results. Its net sales stood at $3.2 billion, up 4.4% year over year. The company’s adjusted EPS increased 28.3% year over year to $1.18. DD boosted its guidance on its full-year adjusted EPS to $3.90.
DD’s rival, PPG Industries, Inc. (PPG), has had a rough ride. PPG's shares plummeted 20.1% in 2024 and over the past 52 weeks.
Wall Street analysts are moderately bullish on DD’s prospects. The stock has a consensus “Moderate Buy” rating from the 16 analysts covering it, and the mean price target of $99.69 suggests a potential upside of 29.7% from current price levels.
