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716000.0
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2022-06-27 00:00:00 UTC
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DuPont de Nemours (DD) Soars 5.8%: Is Further Upside Left in the Stock?
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-soars-5.8%3A-is-further-upside-left-in-the-stock
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nan
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nan
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DuPont de Nemours (DD) shares soared 5.8% in the last trading session to close at $58.55. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 17.8% loss over the past four weeks.
DD’s rally appears to reflect sustained strong demand in electronics, industrial technologies, water and construction end-markets. It is also gaining from its cost and productivity actions and strategic price increases to offset the cost inflation.
This specialty chemicals maker is expected to post quarterly earnings of $0.76 per share in its upcoming report, which represents a year-over-year change of -28.3%. Revenues are expected to be $3.27 billion, down 20.9% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For DuPont de Nemours, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on DD going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
DuPont de Nemours is part of the Zacks Chemical - Diversified industry. FMC (FMC), another stock in the same industry, closed the last trading session 4.4% higher at $108.23. FMC has returned -15.8% in the past month.
FMC's consensus EPS estimate for the upcoming report has changed +0.3% over the past month to $1.90. Compared to the company's year-ago EPS, this represents a change of +5%. FMC currently boasts a Zacks Rank of #3 (Hold).
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
FMC Corporation (FMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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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DD’s rally appears to reflect sustained strong demand in electronics, industrial technologies, water and construction end-markets. DuPont de Nemours (DD) shares soared 5.8% in the last trading session to close at $58.55. So, make sure to keep an eye on DD going forward to see if this recent jump can turn into more strength down the road.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont de Nemours (DD) shares soared 5.8% in the last trading session to close at $58.55. DD’s rally appears to reflect sustained strong demand in electronics, industrial technologies, water and construction end-markets.
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DuPont de Nemours (DD) shares soared 5.8% in the last trading session to close at $58.55. DD’s rally appears to reflect sustained strong demand in electronics, industrial technologies, water and construction end-markets. So, make sure to keep an eye on DD going forward to see if this recent jump can turn into more strength down the road.
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DuPont de Nemours (DD) shares soared 5.8% in the last trading session to close at $58.55. DD’s rally appears to reflect sustained strong demand in electronics, industrial technologies, water and construction end-markets. So, make sure to keep an eye on DD going forward to see if this recent jump can turn into more strength down the road.
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a3a66a6e-bb9d-40d6-a857-163d6108ffa1
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716001.0
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2022-06-23 00:00:00 UTC
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DuPont de Nemours (DD) Stock Sinks As Market Gains: What You Should Know
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-stock-sinks-as-market-gains%3A-what-you-should-know
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nan
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nan
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DuPont de Nemours (DD) closed at $55.35 in the latest trading session, marking a -1% move from the prior day. This move lagged the S&P 500's daily gain of 0.95%. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.15%.
Prior to today's trading, shares of the specialty chemicals maker had lost 14.52% over the past month. This has lagged the Basic Materials sector's loss of 11.11% and the S&P 500's loss of 3.49% in that time.
Wall Street will be looking for positivity from DuPont de Nemours as it approaches its next earnings report date. On that day, DuPont de Nemours is projected to report earnings of $0.76 per share, which would represent a year-over-year decline of 28.3%. Our most recent consensus estimate is calling for quarterly revenue of $3.27 billion, down 20.92% from the year-ago period.
DD's full-year Zacks Consensus Estimates are calling for earnings of $3.39 per share and revenue of $13.52 billion. These results would represent year-over-year changes of -21.16% and -18.81%, respectively.
Any recent changes to analyst estimates for DuPont de Nemours should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.21% lower. DuPont de Nemours is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that DuPont de Nemours has a Forward P/E ratio of 16.49 right now. Its industry sports an average Forward P/E of 9.26, so we one might conclude that DuPont de Nemours is trading at a premium comparatively.
It is also worth noting that DD currently has a PEG ratio of 1.78. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DD's industry had an average PEG ratio of 0.97 as of yesterday's close.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 94, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DD in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Names "Single Best Pick to Double"
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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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DuPont de Nemours (DD) closed at $55.35 in the latest trading session, marking a -1% move from the prior day. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.15%. DD's full-year Zacks Consensus Estimates are calling for earnings of $3.39 per share and revenue of $13.52 billion.
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DuPont de Nemours (DD) closed at $55.35 in the latest trading session, marking a -1% move from the prior day. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.15%.
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DuPont de Nemours (DD) closed at $55.35 in the latest trading session, marking a -1% move from the prior day. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.15%. DD's full-year Zacks Consensus Estimates are calling for earnings of $3.39 per share and revenue of $13.52 billion.
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DuPont de Nemours (DD) closed at $55.35 in the latest trading session, marking a -1% move from the prior day. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.15%. DD's full-year Zacks Consensus Estimates are calling for earnings of $3.39 per share and revenue of $13.52 billion.
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c859b6a8-4cf4-4f47-8499-3dc89c43adff
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716002.0
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2022-06-23 00:00:00 UTC
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August 5th Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/august-5th-options-now-available-for-dupont-dd
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nan
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nan
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Investors in DuPont (Symbol: DD) saw new options begin trading today, for the August 5th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new August 5th contracts and identified one put and one call contract of particular interest.
The put contract at the $54.00 strike price has a current bid of $1.05. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $54.00, but will also collect the premium, putting the cost basis of the shares at $52.95 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $55.63/share today.
Because the $54.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 1.94% return on the cash commitment, or 16.51% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $54.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $56.00 strike price has a current bid of $2.25. If an investor was to purchase shares of DD stock at the current price level of $55.63/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $56.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.71% if the stock gets called away at the August 5th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $56.00 strike highlighted in red:
Considering the fact that the $56.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 51%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 4.04% boost of extra return to the investor, or 34.33% annualized, which we refer to as the YieldBoost.
The implied volatility in the call contract example above is 41%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $55.63) to be 30%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $56.00 strike highlighted in red: Considering the fact that the $56.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the August 5th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $56.00 strike highlighted in red: Considering the fact that the $56.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 51%.
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Below is a chart showing DD's trailing twelve month trading history, with the $56.00 strike highlighted in red: Considering the fact that the $56.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Investors in DuPont (Symbol: DD) saw new options begin trading today, for the August 5th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new August 5th contracts and identified one put and one call contract of particular interest. Below is a chart showing DD's trailing twelve month trading history, with the $56.00 strike highlighted in red: Considering the fact that the $56.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the August 5th expiration.
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2726327a-22ae-487a-8786-d205ac18842b
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716003.0
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2022-06-23 00:00:00 UTC
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5 Reasons This Agriculture Stock Is Unstoppable After Earnings
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DD
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https://www.nasdaq.com/articles/5-reasons-this-agriculture-stock-is-unstoppable-after-earnings
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nan
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nan
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It's no secret that the market is stressing about economic growth prospects right now. Investors are also worrying about surging inflation and supply chain difficulties making it hard for companies trying to source products/components to execute on their backlog. It's a difficult environment and investors need to prepare for the possibility of a slew of earnings downgrades in the coming earnings season. In this context, it makes sense to look at stock in an agriscience company like Corteva (NYSE: CTVA).
Rising rates choking consumer demand, high inflation eating into costs, supply chain shortages -- this seed and crop protection company is not completely immune from these challenges. In fact, it had $200 million in input and logistics cost headwinds in the second quarter. However, based on its first-quarter earnings, Corteva is better placed than most to deal with these pressures.
Here's why its recent earnings helped confirm it as a good option in the current environment.
1. Pricing power and margin expansion in the face of rising costs
First, strong end market fundamentals mean that Corteva was able to increase pricing by 9% in the quarter. On the recentearnings call CFO Dave Anderson said, "Pricing and productivity more than offset this expected impact as well as an approximate $160 million currency."
In fact, operating earnings before interest, taxation, depreciation, and amortization (EBITDA) margin expanded to 22.6% from 21.7% in the same quarter last year. Corteva's pricing power comes partly through its ability to ramp up sales of new crop protection products (up 60% in the quarter). In addition, management is undertaking ongoing productivity actions -- $80 million worth in the first quarter.
2. Great end market fundamentals
Second, Corteva has good end market fundamentals. Food is an essential item and not a discretionary item that consumers cut back on when interest rates rise or job security is threatened. Moreover, a simple look at a price chart for key crops shows how strong crop prices are right now.
Data by YCharts
3. Farmers' income is soaring
Third, the high crop prices are leading to strong income expectations for farmers. CEO Chuck Magro noted on theearnings call "[T]he predictions are that this year would be a record revenue year for U.S. farmers. And I believe the second most profitable in the last decade." That kind of commentary is excellent for Corteva. While higher farm incomes might appear to be a given with where crop prices are, it's worth noting that farmers are also suffering significant cost inflation, so the viewpoint that it will be a highly profitable year is important.
4. Corteva continues to make structural improvements to its business
The company faced criticism from hedge fund Starboard Value for failing to deliver on the substantial cost synergies that investors expected when the company was created -- the result of a merger by Dow's and DuPont's agribusinesses. Magro, who was appointed CEO in November 2021, continues to restructure the business. I've already mentioned the $80 million in cost savings in the quarter, and he reiterated that more improvement could follow. "We are moving from a matrix organization to a global business unit model to drive overall simplicity and speed of business while increasing accountability," he said.
This is a sign that management is implementing changes to improve underlying profitability.
5. Margin expansion is coming
Last, and definitely not least, Corteva is making strong progress in selling more products that use its own patents. Doing so would mean Corteva can save money on royalty payments to other companies in order to use their technology. Agriscience companies like to sell seeds and crop protection (herbicides) as part of a system. The seeds have resistance to the herbicides.
Corteva is making strong progress with one of these products, Enlist, with Magro saying: "[W]e expect 40% of the U.S. acres to be on that platform. And that will set us up nicely next year for meaningful royalty reductions in 2023."
He later told investors, "We're over 80% treated with the Enlist herbicide, so really high utilization." As such, Corteva's long-term margins should be in expansion mode as its new products and own technology products like Enlist expand sales.
All told, there are a lot of reasons to like Corteva, and most of them don't depend on the economy. That's a major plus right now, and the recent fall in the share price has made the stock more attractive for investors.
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Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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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In addition, management is undertaking ongoing productivity actions -- $80 million worth in the first quarter. Rising rates choking consumer demand, high inflation eating into costs, supply chain shortages -- this seed and crop protection company is not completely immune from these challenges. On the recentearnings call CFO Dave Anderson said, "Pricing and productivity more than offset this expected impact as well as an approximate $160 million currency."
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In addition, management is undertaking ongoing productivity actions -- $80 million worth in the first quarter. Rising rates choking consumer demand, high inflation eating into costs, supply chain shortages -- this seed and crop protection company is not completely immune from these challenges. Pricing power and margin expansion in the face of rising costs First, strong end market fundamentals mean that Corteva was able to increase pricing by 9% in the quarter.
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In addition, management is undertaking ongoing productivity actions -- $80 million worth in the first quarter. Pricing power and margin expansion in the face of rising costs First, strong end market fundamentals mean that Corteva was able to increase pricing by 9% in the quarter. Corteva's pricing power comes partly through its ability to ramp up sales of new crop protection products (up 60% in the quarter).
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In addition, management is undertaking ongoing productivity actions -- $80 million worth in the first quarter. Rising rates choking consumer demand, high inflation eating into costs, supply chain shortages -- this seed and crop protection company is not completely immune from these challenges. Pricing power and margin expansion in the face of rising costs First, strong end market fundamentals mean that Corteva was able to increase pricing by 9% in the quarter.
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f56da80c-0dfb-4108-acb5-22adc1755794
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716004.0
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2022-06-19 00:00:00 UTC
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Validea's Top Five Healthcare Stocks Based On Peter Lynch - 6/19/2022
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DD
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https://www.nasdaq.com/articles/valideas-top-five-healthcare-stocks-based-on-peter-lynch-6-19-2022
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nan
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nan
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The following are the top rated Healthcare stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: DuPont de Nemours, Inc. provides technology-based materials and solutions. The Company's segments include Electronics & Industrial, Water & Protection and Mobility & Materials. Electronics & Industrial is a global supplier of various materials and systems for a range of consumer electronics, including mobile devices, television monitors, personal computers and electronics used in a variety of industries. Mobility & Materials segment provides engineering thermoplastics, elastomers, adhesives, silicone encapsulants, pastes, filaments and advanced films to engineers and designers in the transportation, electronics, renewable energy, industrial and consumer end-markets to enable systems solutions for demanding applications and environments. Water & Protection segment is focused on providing engineered products and integrated systems for a range of industries, including, worker safety, water purification and separation, transportation, energy, medical packaging and building materials.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DUPONT DE NEMOURS INC
Full Guru Analysis for DD>
Full Factor Report for DD>
QUEST DIAGNOSTICS INC (DGX) is a large-cap value stock in the Healthcare Facilities industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Quest Diagnostics Incorporated is a provider of diagnostic information services. The Company operates through DIS segment, which provides diagnostic information services to a range of customers, including patients, clinicians, hospitals, integrated delivery networks (IDNs), health plans, employers, accountable care organizations (ACOs) and direct contract entities (DCEs). It is also engaged in two business operations, Diagnostic Information Services, which develops and delivers diagnostic information services that provides insights to a range of customers, and the Diagnostic Solutions group includes its risk assessment services business, which offers solutions for insurers and its healthcare information technology businesses, which offers solutions for healthcare providers. The Company's services primarily are provided under the Quest Diagnostics brand, but it also provides services under other brands, including AmeriPath, Dermpath Diagnostics, ExamOne and Quanum.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of QUEST DIAGNOSTICS INC
Full Guru Analysis for DGX>
Full Factor Report for DGX>
EMERGENT BIOSOLUTIONS INC (EBS) is a small-cap value stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Emergent BioSolutions, Inc. is a life sciences company focused on providing preparedness and response solutions addressing accidental, deliberate and naturally occurring public health threats (PHTs). The Company is focused on five PHT categories: chemical, biological, radiological, nuclear and explosives (CBRNE); emerging infectious diseases; travel health; public health crises (such as the opioid crisis and the COVID-19 pandemic); acute, emergency, and community care. Its business lines include Medical Countermeasures (MCM), Commercial and CDMO. MCM focuses primarily on procurement of MCM products and procured product candidates by domestic and international government customers. It provides solutions for public health threats through a portfolio of vaccines and therapeutics that it develops and manufactures for governments and consumers. The Company also offers a range of integrated contract development and manufacturing services for pharmaceutical and biotechnology customers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of EMERGENT BIOSOLUTIONS INC
Full Guru Analysis for EBS>
Full Factor Report for EBS>
HOLOGIC, INC. (HOLX) is a large-cap value stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Hologic, Inc. is a developer, manufacturer and supplier of diagnostics products, medical imaging systems, and surgical products focused on women's health and well-being through early detection and treatment. The Company operates through four segments: Diagnostics, Breast Health, GYN Surgical and Skeletal Health. The Diagnostics segment offers a range of diagnostics products, which are used primarily to aid in the screening and diagnosis of human diseases. The Breast Health segment offers a portfolio of solutions for breast cancer care for radiology, pathology and surgery. The GYN Surgical segment offers a range of products, including its NovaSure Endometrial Ablation System and MyoSure Hysteroscopic Tissue Removal System as well as its Fluent Fluid Management system. The Skeletal Health segment offers products such as the Horizon DXA, a dual energy x-ray system, which evaluates bone density and performs body composition assessments, and the Fluoroscan Insight FD mini C-arm.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of HOLOGIC, INC.
Full Guru Analysis for HOLX>
Full Factor Report for HOLX>
LABORATORY CORP. OF AMERICA HOLDINGS (LH) is a large-cap value stock in the Healthcare Facilities industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Laboratory Corporation of America Holdings is a global life sciences company. The Company provides information to help doctors, hospitals, pharmaceutical companies, researchers, and patients make decisions. Its segments include Labcorp Diagnostics (Dx) and Labcorp Drug Development (DD). The Dx segment is an independent clinical laboratory business. It offers a menu of frequently requested and specialty diagnostic tests through an integrated network of primary and specialty laboratories across the United States. In addition to diagnostic testing along with occupational and wellness testing for employers and forensic DNA analysis, Dx segment also offers a range of other testing services. The DD segment is a contract research organizations (CRO) business that provides end-to-end drug development services. The DD segment provides these services predominantly to pharmaceutical, biotechnology and medical device companies across the world. It serves clients in more than 100 countries.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of LABORATORY CORP. OF AMERICA HOLDINGS
Full Guru Analysis for LH>
Full Factor Report for LH>
More details on Validea's Peter Lynch strategy
Peter Lynch Stock Ideas
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
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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DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. Detailed Analysis of DUPONT DE NEMOURS INC Full Guru Analysis for DD> Full Factor Report for DD> QUEST DIAGNOSTICS INC (DGX) is a large-cap value stock in the Healthcare Facilities industry. Company Description: Emergent BioSolutions, Inc. is a life sciences company focused on providing preparedness and response solutions addressing accidental, deliberate and naturally occurring public health threats (PHTs).
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Detailed Analysis of DUPONT DE NEMOURS INC Full Guru Analysis for DD> Full Factor Report for DD> QUEST DIAGNOSTICS INC (DGX) is a large-cap value stock in the Healthcare Facilities industry. DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. Company Description: Emergent BioSolutions, Inc. is a life sciences company focused on providing preparedness and response solutions addressing accidental, deliberate and naturally occurring public health threats (PHTs).
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Detailed Analysis of DUPONT DE NEMOURS INC Full Guru Analysis for DD> Full Factor Report for DD> QUEST DIAGNOSTICS INC (DGX) is a large-cap value stock in the Healthcare Facilities industry. DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. Company Description: Emergent BioSolutions, Inc. is a life sciences company focused on providing preparedness and response solutions addressing accidental, deliberate and naturally occurring public health threats (PHTs).
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DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. Detailed Analysis of DUPONT DE NEMOURS INC Full Guru Analysis for DD> Full Factor Report for DD> QUEST DIAGNOSTICS INC (DGX) is a large-cap value stock in the Healthcare Facilities industry. Company Description: Emergent BioSolutions, Inc. is a life sciences company focused on providing preparedness and response solutions addressing accidental, deliberate and naturally occurring public health threats (PHTs).
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16ac9c56-18f3-4053-8fe1-b842ce7f569b
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716005.0
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2022-06-16 00:00:00 UTC
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DuPont Enters Oversold Territory
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DD
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https://www.nasdaq.com/articles/dupont-enters-oversold-territory
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. DuPont (Symbol: DD) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of DD entered into oversold territory, changing hands as low as $56.01 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of DuPont, the RSI reading has hit 26.1 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 35.0. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, DD's recent annualized dividend of 1.32/share (currently paid in quarterly installments) works out to an annual yield of 2.19% based upon the recent $60.35 share price.
A bullish investor could look at DD's 26.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DD is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
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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A bullish investor could look at DD's 26.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. DuPont (Symbol: DD) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of DD entered into oversold territory, changing hands as low as $56.01 per share.
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Indeed, DD's recent annualized dividend of 1.32/share (currently paid in quarterly installments) works out to an annual yield of 2.19% based upon the recent $60.35 share price. DuPont (Symbol: DD) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of DD entered into oversold territory, changing hands as low as $56.01 per share.
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Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DD is its dividend history. DuPont (Symbol: DD) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of DD entered into oversold territory, changing hands as low as $56.01 per share.
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Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DD is its dividend history. DuPont (Symbol: DD) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of DD entered into oversold territory, changing hands as low as $56.01 per share.
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1056f3b6-9577-4586-9542-bace0bb312ba
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716006.0
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2022-06-14 00:00:00 UTC
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Pricing Actions, Acquisitions to Aid International Flavors (IFF)
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DD
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https://www.nasdaq.com/articles/pricing-actions-acquisitions-to-aid-international-flavors-iff
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nan
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nan
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International Flavors & Fragrances IFF will continue to benefit from strong demand across all segments. The company’s pricing actions, productivity initiatives and acquisition-related synergies will help negate the inflationary cost pressures and drive its margins. The company continues to invest in organic investments and strategic acquisitions, while returning significant capital to shareholders.
Pricing & Acquisitions to Aid 2022 Results
International Flavors estimates sales of $12.6-$13 billion for 2022. The company has raised the guidance from the previous range of $12.3-$12.7, factoring in additional pricing actions to counter inflationary pressure, the expected completion of the microbial control business divestiture and the acquisition of Health Wright Products.
Higher pricing will help offset the impacts of lower volumes for the year, given a more challenging environment, including loss of revenues as a result of the Russia-Ukraine war and ongoing global supply-chain issues.
Adjusted EBITDA is expected between $2.5 billion and $2.6 billion, suggesting a rise from the adjusted EBITDA of $2.4 billion reported in 2021. The adjusted EBITDA margin is projected to grow 4-8% on a currency-neutral basis.
International Flavors also continues to incur high raw material costs and additional costs related to labor, shipping and cleaning due to COVID-led supply-chain disruptions. Energy costs are expected to be higher in 2022. Nevertheless, focus on driving greater efficiencies throughout the business through costs and productivity initiatives, margin improvement, and acquisition-related synergies will support margins.
Solid End-Market Demand Bodes Well
International Flavors’ largest segment, Nourish, continues to deliver strong results, primarily aided by the Flavors, Ingredients and Food Design businesses.
The Scent segment has been performing well, courtesy of continued strengths in Cosmetic Actives and Consumer Fragrances. The segment has been witnessing a significant rebound in Fine Fragrance, driven by volume recovery and business wins, as restrictions continue to ease and consumer behavior returns to normal levels.
In the Health & Biosciences segment, the Home & Personal Care business remains strongly supported by evolving consumer buying trends related to the pandemic. Growth in Grain Processing, Cultures, Food Enzymes and Animal Nutrition has been witnessed. The Pharma Solutions segment is witnessing growth in Industrials and recovery in demand in Pharma.
Backed by its global presence, diversified business platform, broad product portfolio, and global and regional customer base, the company will be able to capitalize on the growth in demand in flavors and fragrances markets and deliver long-term growth.
Acquisitions Remain a Key Catalyst
Over time, the company has made meaningful acquisitions, which have helped expand offerings and, in turn, profitability. The acquisition of Frutarom in 2018 was the largest in its history, which created a global leader in natural taste, scent and nutrition, with a broader customer base, more diversified product offerings and exposure to end markets, including those with a focus on naturals, and health and wellness.
IFF has recently acquired Health Wright Products, a leader in formulation and capsule manufacturing for the dietary supplement industry. The buyout will bring formulation and finished format capabilities to IFF’s Health & Biosciences probiotics, natural extracts and botanicals businesses, allowing for innovation in custom formulation and combination products through joint capabilities.
International Flavors has officially completed its merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences ("N&B") business. It will command leading positions in core categories in nutrition, cultures, enzymes, probiotics, soy proteins, flavors and fragrances.
This, coupled with a diverse and broad customer base, and about 48% of annual sales from small, medium and private-label customers, positions the company well for growth. Revenue synergies have already begun to contribute to the company’s top-line performance. The company realized $60 million of merger-related cost synergies in fiscal 2021, ahead of its targeted $45 million. The company has a three-year run-rate cost synergy target of around $300 million.
Price Performance
Image Source: Zacks Investment Research
In the past year, International Flavors’ shares have lost 19.1% compared with the industry’s decline of 37.4%.
Zacks Rank & Other Key Picks
International Flavors currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the Consumer Staples sector are Pilgrim’s Pride PPC and Medifast MED.
Pilgrim’s Pride, which produces, processes, markets and distributes fresh, frozen and value-added chicken and pork products, currently sports a Zacks Rank #1 (Strong Buy). PPC has a trailing four-quarter earnings surprise of 31.4%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Pilgrim’s Pride’s current financial year earnings per share (EPS) suggests year-over-year growth of 43%.
Medifast, which manufactures and distributes weight loss, weight management, healthy living products and other consumable health and nutritional products, currently carries a Zacks Rank #2. MED has a trailing four-quarter earnings surprise of 12.9%, on average.
The Zacks Consensus Estimate for Medifast’s current financial year’s sales and EPS suggests growth of almost 19% and 13.4%, respectively, from the year-ago reported figure.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
International Flavors & Fragrances Inc. (IFF): Free Stock Analysis Report
Pilgrim's Pride Corporation (PPC): Free Stock Analysis Report
MEDIFAST INC (MED): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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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The company has raised the guidance from the previous range of $12.3-$12.7, factoring in additional pricing actions to counter inflationary pressure, the expected completion of the microbial control business divestiture and the acquisition of Health Wright Products. International Flavors also continues to incur high raw material costs and additional costs related to labor, shipping and cleaning due to COVID-led supply-chain disruptions. International Flavors has officially completed its merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences ("N&B") business.
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The company has raised the guidance from the previous range of $12.3-$12.7, factoring in additional pricing actions to counter inflationary pressure, the expected completion of the microbial control business divestiture and the acquisition of Health Wright Products. International Flavors also continues to incur high raw material costs and additional costs related to labor, shipping and cleaning due to COVID-led supply-chain disruptions. International Flavors has officially completed its merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences ("N&B") business.
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The company has raised the guidance from the previous range of $12.3-$12.7, factoring in additional pricing actions to counter inflationary pressure, the expected completion of the microbial control business divestiture and the acquisition of Health Wright Products. International Flavors also continues to incur high raw material costs and additional costs related to labor, shipping and cleaning due to COVID-led supply-chain disruptions. International Flavors has officially completed its merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences ("N&B") business.
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The company has raised the guidance from the previous range of $12.3-$12.7, factoring in additional pricing actions to counter inflationary pressure, the expected completion of the microbial control business divestiture and the acquisition of Health Wright Products. International Flavors also continues to incur high raw material costs and additional costs related to labor, shipping and cleaning due to COVID-led supply-chain disruptions. International Flavors has officially completed its merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences ("N&B") business.
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a89a107a-a6ea-4468-9c58-913d183ee480
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716007.0
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2022-06-08 00:00:00 UTC
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DuPont de Nemours (DD) Stock Moves -0.49%: What You Should Know
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-stock-moves-0.49%3A-what-you-should-know
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nan
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nan
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DuPont de Nemours (DD) closed at $67.64 in the latest trading session, marking a -0.49% move from the prior day. This change was narrower than the S&P 500's 1.08% loss on the day. Meanwhile, the Dow lost 0.81%, and the Nasdaq, a tech-heavy index, added 0.22%.
Heading into today, shares of the specialty chemicals maker had gained 7.34% over the past month, outpacing the Basic Materials sector's gain of 4.64% and the S&P 500's gain of 1.03% in that time.
Investors will be hoping for strength from DuPont de Nemours as it approaches its next earnings release. On that day, DuPont de Nemours is projected to report earnings of $0.76 per share, which would represent a year-over-year decline of 28.3%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.27 billion, down 20.92% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.40 per share and revenue of $13.52 billion, which would represent changes of -20.93% and -18.81%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for DuPont de Nemours. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. DuPont de Nemours is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that DuPont de Nemours has a Forward P/E ratio of 20 right now. Its industry sports an average Forward P/E of 10.68, so we one might conclude that DuPont de Nemours is trading at a premium comparatively.
Meanwhile, DD's PEG ratio is currently 2.16. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Chemical - Diversified industry currently had an average PEG ratio of 0.99 as of yesterday's close.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 49, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DD in the coming trading sessions, be sure to utilize Zacks.com.
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See 5 EV Stocks With Extreme Upside Potential >>
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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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DuPont de Nemours (DD) closed at $67.64 in the latest trading session, marking a -0.49% move from the prior day. Meanwhile, the Dow lost 0.81%, and the Nasdaq, a tech-heavy index, added 0.22%. Meanwhile, DD's PEG ratio is currently 2.16.
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DuPont de Nemours (DD) closed at $67.64 in the latest trading session, marking a -0.49% move from the prior day. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Meanwhile, the Dow lost 0.81%, and the Nasdaq, a tech-heavy index, added 0.22%.
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DuPont de Nemours (DD) closed at $67.64 in the latest trading session, marking a -0.49% move from the prior day. Meanwhile, the Dow lost 0.81%, and the Nasdaq, a tech-heavy index, added 0.22%. Meanwhile, DD's PEG ratio is currently 2.16.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont de Nemours (DD) closed at $67.64 in the latest trading session, marking a -0.49% move from the prior day. Meanwhile, the Dow lost 0.81%, and the Nasdaq, a tech-heavy index, added 0.22%.
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2ee2289f-5a04-4c29-8d9c-23848d21d30b
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716008.0
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2022-06-02 00:00:00 UTC
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DuPont de Nemours (DD) Down 2% Since Last Earnings Report: Can It Rebound?
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-down-2-since-last-earnings-report%3A-can-it-rebound
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nan
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nan
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A month has gone by since the last earnings report for DuPont de Nemours (DD). Shares have lost about 2% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is DuPont de Nemours due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
DuPont's Earnings and Revenues Top Estimates in Q1
DuPont recorded earnings (on a reported basis) from continuing operations of 42 cents per share for first-quarter 2022, down from 64 cents per share in the year-ago quarter.
Barring one-time items, earnings came in at 82 cents per share for the reported quarter, topping the Zacks Consensus Estimate of 67 cents.
DuPont raked in net sales of $3,274 million, up 9% from the year-ago quarter. It also beat the Zacks Consensus Estimate of $3,249.9 million. The company saw a 9% rise in organic sales in the quarter, supported by 3% higher volumes and 6% pricing gains. It witnessed sales gain in all regions globally.
Volume growth was driven by sustained strong demand in electronics, industrial technologies, water and construction end-markets, partly masked by continued supply-chain challenges. The price increase mainly reflects actions taken by the company to offset raw material, logistics and energy cost inflation. Supply-chain constraints and cost inflation were exacerbated during the quarter by the Russia-Ukraine conflict.
Segment Highlights
The company’s Electronics & Industrial segment recorded net sales of $1,536 million in the reported quarter, up 18% on a year-over-year comparison basis. Organic sales rose 9% on higher volumes and prices. Semiconductor Technologies organic sales rose on strong demand. Industrial Solutions also registered higher sales while organic sales declined in Interconnect Solutions on lower volumes.
Net sales in the Water & Protection unit were $1,429 million, up 8% year over year. Organic sales rose 10% on pricing actions across the segment. Volumes were flat as the growth in Shelter Solutions and Water Solutions were offset by declines in Safety Solutions.
Financials
DuPont had cash and cash equivalents of $1,672 million at the end of the quarter, down around 62% year over year. Long-term debt was $10,634 million, roughly flat year over year.
The company also generated operating cash flow of $209 million during the quarter.
Outlook
The company sees net sales from continuing operations for 2022 to be between $13.3 billion and $13.7 billion. It also expects adjusted earnings per share (EPS) for 2022 in the band of $3.20-$3.50.
DuPont expects net sales of between $3.2 billion and $3.3 billion for the second quarter of 2022. Adjusted EPS is forecast in the range of 70-80 cents for the quarter.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -7.79% due to these changes.
VGM Scores
At this time, DuPont de Nemours has a subpar Growth Score of D, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise DuPont de Nemours has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry Player
DuPont de Nemours is part of the Zacks Chemical - Diversified industry. Over the past month, Eastman Chemical (EMN), a stock from the same industry, has gained 1.5%. The company reported its results for the quarter ended March 2022 more than a month ago.
Eastman Chemical reported revenues of $2.71 billion in the last reported quarter, representing a year-over-year change of +12.7%. EPS of $2.06 for the same period compares with $2.13 a year ago.
Eastman Chemical is expected to post earnings of $2.67 per share for the current quarter, representing a year-over-year change of +8.5%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.8%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Eastman Chemical. Also, the stock has a VGM Score of B.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
Eastman Chemical Company (EMN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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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A month has gone by since the last earnings report for DuPont de Nemours (DD). DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Will the recent negative trend continue leading up to its next earnings release, or is DuPont de Nemours due for a breakout?
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report A month has gone by since the last earnings report for DuPont de Nemours (DD). DuPont's Earnings and Revenues Top Estimates in Q1 DuPont recorded earnings (on a reported basis) from continuing operations of 42 cents per share for first-quarter 2022, down from 64 cents per share in the year-ago quarter.
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A month has gone by since the last earnings report for DuPont de Nemours (DD). DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont's Earnings and Revenues Top Estimates in Q1 DuPont recorded earnings (on a reported basis) from continuing operations of 42 cents per share for first-quarter 2022, down from 64 cents per share in the year-ago quarter.
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A month has gone by since the last earnings report for DuPont de Nemours (DD). DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont's Earnings and Revenues Top Estimates in Q1 DuPont recorded earnings (on a reported basis) from continuing operations of 42 cents per share for first-quarter 2022, down from 64 cents per share in the year-ago quarter.
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2e6aa3d3-4f49-4b81-b220-46028a05034f
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716009.0
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2022-06-02 00:00:00 UTC
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DuPont de Nemours (DD) Down 2% Since Last Earnings Report: Can It Rebound?
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-down-2-since-last-earnings-report%3A-can-it-rebound-0
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nan
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nan
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A month has gone by since the last earnings report for DuPont de Nemours (DD). Shares have lost about 2% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is DuPont de Nemours due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
DuPont's Earnings and Revenues Top Estimates in Q1
DuPont recorded earnings (on a reported basis) from continuing operations of 42 cents per share for first-quarter 2022, down from 64 cents per share in the year-ago quarter.
Barring one-time items, earnings came in at 82 cents per share for the reported quarter, topping the Zacks Consensus Estimate of 67 cents.
DuPont raked in net sales of $3,274 million, up 9% from the year-ago quarter. It also beat the Zacks Consensus Estimate of $3,249.9 million. The company saw a 9% rise in organic sales in the quarter, supported by 3% higher volumes and 6% pricing gains. It witnessed sales gain in all regions globally.
Volume growth was driven by sustained strong demand in electronics, industrial technologies, water and construction end-markets, partly masked by continued supply-chain challenges. The price increase mainly reflects actions taken by the company to offset raw material, logistics and energy cost inflation. Supply-chain constraints and cost inflation were exacerbated during the quarter by the Russia-Ukraine conflict.
Segment Highlights
The company’s Electronics & Industrial segment recorded net sales of $1,536 million in the reported quarter, up 18% on a year-over-year comparison basis. Organic sales rose 9% on higher volumes and prices. Semiconductor Technologies organic sales rose on strong demand. Industrial Solutions also registered higher sales while organic sales declined in Interconnect Solutions on lower volumes.
Net sales in the Water & Protection unit were $1,429 million, up 8% year over year. Organic sales rose 10% on pricing actions across the segment. Volumes were flat as the growth in Shelter Solutions and Water Solutions were offset by declines in Safety Solutions.
Financials
DuPont had cash and cash equivalents of $1,672 million at the end of the quarter, down around 62% year over year. Long-term debt was $10,634 million, roughly flat year over year.
The company also generated operating cash flow of $209 million during the quarter.
Outlook
The company sees net sales from continuing operations for 2022 to be between $13.3 billion and $13.7 billion. It also expects adjusted earnings per share (EPS) for 2022 in the band of $3.20-$3.50.
DuPont expects net sales of between $3.2 billion and $3.3 billion for the second quarter of 2022. Adjusted EPS is forecast in the range of 70-80 cents for the quarter.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -7.79% due to these changes.
VGM Scores
At this time, DuPont de Nemours has a subpar Growth Score of D, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise DuPont de Nemours has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry Player
DuPont de Nemours is part of the Zacks Chemical - Diversified industry. Over the past month, Eastman Chemical (EMN), a stock from the same industry, has gained 1.5%. The company reported its results for the quarter ended March 2022 more than a month ago.
Eastman Chemical reported revenues of $2.71 billion in the last reported quarter, representing a year-over-year change of +12.7%. EPS of $2.06 for the same period compares with $2.13 a year ago.
Eastman Chemical is expected to post earnings of $2.67 per share for the current quarter, representing a year-over-year change of +8.5%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.8%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Eastman Chemical. Also, the stock has a VGM Score of B.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
Eastman Chemical Company (EMN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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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A month has gone by since the last earnings report for DuPont de Nemours (DD). DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Will the recent negative trend continue leading up to its next earnings release, or is DuPont de Nemours due for a breakout?
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report A month has gone by since the last earnings report for DuPont de Nemours (DD). DuPont's Earnings and Revenues Top Estimates in Q1 DuPont recorded earnings (on a reported basis) from continuing operations of 42 cents per share for first-quarter 2022, down from 64 cents per share in the year-ago quarter.
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A month has gone by since the last earnings report for DuPont de Nemours (DD). DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont's Earnings and Revenues Top Estimates in Q1 DuPont recorded earnings (on a reported basis) from continuing operations of 42 cents per share for first-quarter 2022, down from 64 cents per share in the year-ago quarter.
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A month has gone by since the last earnings report for DuPont de Nemours (DD). DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont's Earnings and Revenues Top Estimates in Q1 DuPont recorded earnings (on a reported basis) from continuing operations of 42 cents per share for first-quarter 2022, down from 64 cents per share in the year-ago quarter.
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00b4537e-206e-4c56-a7ab-c27bd87ff36c
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716010.0
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2022-05-25 00:00:00 UTC
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Ex-Dividend Reminder: DuPont, Stepan and GrafTech International
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DD
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-dupont-stepan-and-graftech-international
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 5/27/22, DuPont (Symbol: DD), Stepan Co. (Symbol: SCL), and GrafTech International Ltd (Symbol: EAF) will all trade ex-dividend for their respective upcoming dividends. DuPont will pay its quarterly dividend of $0.33 on 6/15/22, Stepan Co. will pay its quarterly dividend of $0.335 on 6/15/22, and GrafTech International Ltd will pay its quarterly dividend of $0.01 on 6/30/22. As a percentage of DD's recent stock price of $64.95, this dividend works out to approximately 0.51%, so look for shares of DuPont to trade 0.51% lower — all else being equal — when DD shares open for trading on 5/27/22. Similarly, investors should look for SCL to open 0.32% lower in price and for EAF to open 0.12% lower, all else being equal.
Below are dividend history charts for DD, SCL, and EAF, showing historical dividends prior to the most recent ones declared.
DuPont (Symbol: DD):
Stepan Co. (Symbol: SCL):
GrafTech International Ltd (Symbol: EAF):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.03% for DuPont, 1.26% for Stepan Co., and 0.48% for GrafTech International Ltd.
Free Report: Top 7%+ Dividends (paid monthly)
In Wednesday trading, DuPont shares are currently up about 0.5%, Stepan Co. shares are down about 0.8%, and GrafTech International Ltd shares are up about 0.5% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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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As a percentage of DD's recent stock price of $64.95, this dividend works out to approximately 0.51%, so look for shares of DuPont to trade 0.51% lower — all else being equal — when DD shares open for trading on 5/27/22. Looking at the universe of stocks we cover at Dividend Channel, on 5/27/22, DuPont (Symbol: DD), Stepan Co. (Symbol: SCL), and GrafTech International Ltd (Symbol: EAF) will all trade ex-dividend for their respective upcoming dividends. Below are dividend history charts for DD, SCL, and EAF, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel, on 5/27/22, DuPont (Symbol: DD), Stepan Co. (Symbol: SCL), and GrafTech International Ltd (Symbol: EAF) will all trade ex-dividend for their respective upcoming dividends. DuPont (Symbol: DD): Stepan Co. (Symbol: SCL): GrafTech International Ltd (Symbol: EAF): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of DD's recent stock price of $64.95, this dividend works out to approximately 0.51%, so look for shares of DuPont to trade 0.51% lower — all else being equal — when DD shares open for trading on 5/27/22.
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Looking at the universe of stocks we cover at Dividend Channel, on 5/27/22, DuPont (Symbol: DD), Stepan Co. (Symbol: SCL), and GrafTech International Ltd (Symbol: EAF) will all trade ex-dividend for their respective upcoming dividends. As a percentage of DD's recent stock price of $64.95, this dividend works out to approximately 0.51%, so look for shares of DuPont to trade 0.51% lower — all else being equal — when DD shares open for trading on 5/27/22. Below are dividend history charts for DD, SCL, and EAF, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel, on 5/27/22, DuPont (Symbol: DD), Stepan Co. (Symbol: SCL), and GrafTech International Ltd (Symbol: EAF) will all trade ex-dividend for their respective upcoming dividends. As a percentage of DD's recent stock price of $64.95, this dividend works out to approximately 0.51%, so look for shares of DuPont to trade 0.51% lower — all else being equal — when DD shares open for trading on 5/27/22. DuPont (Symbol: DD): Stepan Co. (Symbol: SCL): GrafTech International Ltd (Symbol: EAF): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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bff77ab9-d504-412a-8f69-182c27a1d604
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716011.0
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2022-05-19 00:00:00 UTC
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Analysts Anticipate XLB To Hit $99
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DD
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https://www.nasdaq.com/articles/analysts-anticipate-xlb-to-hit-%2499
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the ETF (Symbol: XLB), we found that the implied analyst target price for the ETF based upon its underlying holdings is $99.43 per unit.
With XLB trading at a recent price near $82.04 per unit, that means that analysts see 21.19% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of XLB's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), PPG Industries Inc (Symbol: PPG), and Ecolab Inc (Symbol: ECL). Although DD has traded at a recent price of $64.28/share, the average analyst target is 41.93% higher at $91.23/share. Similarly, PPG has 39.84% upside from the recent share price of $119.56 if the average analyst target price of $167.19/share is reached, and analysts on average are expecting ECL to reach a target price of $207.50/share, which is 32.83% above the recent price of $156.21. Below is a twelve month price history chart comparing the stock performance of DD, PPG, and ECL:
Combined, DD, PPG, and ECL represent 11.04% of the ETF. Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
ETF XLB $82.04 $99.43 21.19%
DuPont de Nemours Inc DD $64.28 $91.23 41.93%
PPG Industries Inc PPG $119.56 $167.19 39.84%
Ecolab Inc ECL $156.21 $207.50 32.83%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
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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Although DD has traded at a recent price of $64.28/share, the average analyst target is 41.93% higher at $91.23/share. Below is a twelve month price history chart comparing the stock performance of DD, PPG, and ECL: Combined, DD, PPG, and ECL represent 11.04% of the ETF. Three of XLB's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), PPG Industries Inc (Symbol: PPG), and Ecolab Inc (Symbol: ECL).
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Three of XLB's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), PPG Industries Inc (Symbol: PPG), and Ecolab Inc (Symbol: ECL). DuPont de Nemours Inc DD $64.28 $91.23 41.93% PPG Industries Inc PPG $119.56 $167.19 39.84% Ecolab Inc ECL $156.21 $207.50 32.83% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although DD has traded at a recent price of $64.28/share, the average analyst target is 41.93% higher at $91.23/share.
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Three of XLB's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), PPG Industries Inc (Symbol: PPG), and Ecolab Inc (Symbol: ECL). Although DD has traded at a recent price of $64.28/share, the average analyst target is 41.93% higher at $91.23/share. Below is a twelve month price history chart comparing the stock performance of DD, PPG, and ECL: Combined, DD, PPG, and ECL represent 11.04% of the ETF.
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Three of XLB's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), PPG Industries Inc (Symbol: PPG), and Ecolab Inc (Symbol: ECL). Although DD has traded at a recent price of $64.28/share, the average analyst target is 41.93% higher at $91.23/share. Below is a twelve month price history chart comparing the stock performance of DD, PPG, and ECL: Combined, DD, PPG, and ECL represent 11.04% of the ETF.
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9b7bbd15-5029-490c-b9ae-c2e16234ba92
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716012.0
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2022-05-12 00:00:00 UTC
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Relative Strength Alert For DuPont
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DD
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https://www.nasdaq.com/articles/relative-strength-alert-for-dupont
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. DuPont (Symbol: DD) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of DD entered into oversold territory, changing hands as low as $62.10 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of DuPont, the RSI reading has hit 29.1 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 36.7. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, DD's recent annualized dividend of 1.32/share (currently paid in quarterly installments) works out to an annual yield of 2.08% based upon the recent $63.38 share price.
A bullish investor could look at DD's 29.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DD is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
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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A bullish investor could look at DD's 29.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. DuPont (Symbol: DD) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of DD entered into oversold territory, changing hands as low as $62.10 per share.
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Indeed, DD's recent annualized dividend of 1.32/share (currently paid in quarterly installments) works out to an annual yield of 2.08% based upon the recent $63.38 share price. DuPont (Symbol: DD) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of DD entered into oversold territory, changing hands as low as $62.10 per share.
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Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DD is its dividend history. DuPont (Symbol: DD) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of DD entered into oversold territory, changing hands as low as $62.10 per share.
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Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DD is its dividend history. DuPont (Symbol: DD) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of DD entered into oversold territory, changing hands as low as $62.10 per share.
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f87e5632-0116-40ca-8381-005927b88d1f
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716013.0
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2022-05-10 00:00:00 UTC
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International Flavors (IFF) Q1 Earnings Top Estimates, View Up
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DD
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https://www.nasdaq.com/articles/international-flavors-iff-q1-earnings-top-estimates-view-up
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nan
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nan
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International Flavors & Fragrances Inc. IFF reported adjusted earnings of $1.69 per share in first-quarter 2022, beating the Zacks Consensus Estimate of $1.31. The bottom line improved 6% from the year-ago quarter’s levels.
Including one-time items, the company reported earnings per share (EPS) of 96 cents against the prior-year quarter’s loss per share of 21 cents.
International Flavors’ net sales came in at $3,226 million in the March-end quarter, increasing 31% year over year. The upside was driven by the additional sales related to the merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences (N&B) business. The top line surpassed the Zacks Consensus Estimate of $3,181 million. During the January-March quarter, currency-neutral sales were up 13%, aided by double-digit growth in Nourish, Health & Biosciences and Pharma Solutions.
Operational Highlights
During the reported quarter, International Flavors’ adjusted cost of goods sold was up 36% year over year to $2,080 million. Adjusted gross profit climbed 22% year over year to $1,146 million. Adjusted gross margin came in at 36% compared with 38% in the year-ago quarter.
Research and development expenses increased 10% year over year to $157 million. Adjusted selling and administrative expenses rose 29% year on year to $404 million during the first quarter. Adjusted operating EBITDA came in at $702 million, up 23% from the prior-year quarter’s $569 million due to the incremental profit related to the merger with N&B. Adjusted operating EBITDA margin was 21.8% compared with the year-ago quarter’s 23.1%.
International Flavors & Fragrances Inc. Price, Consensus and EPS Surprise
International Flavors & Fragrances Inc. price-consensus-eps-surprise-chart | International Flavors & Fragrances Inc. Quote
Segmental Performances
Revenues in the Nourish segment climbed 32% year over year to $1,731 million during the March-end quarter. Adjusted operating EBITDA was $329 million, up 22% year over year.
Revenues generated in the Health & Bioscience segment came in at $661 million compared with the year-earlier quarter’s $426 million. Adjusted operating EBITDA was $192 million in the quarter compared with $128 million in the prior-year quarter.
Scent segment revenues came in at $585 million compared with the year-ago quarter’s $569 million. Adjusted operating EBITDA declined 9% year over year to $116 million.
Revenues in Pharma Solutions were $249 million in the first quarter, up 54% year over year. Adjusted operating EBITDA increased 51% year over year to $65 million.
Financial Position
International Flavors had cash and cash equivalents of $661 million at the end of the first quarter, down from the $715 million witnessed at the end of 2021. Long-term debt was $10.7 billion at the first quarter’s end, flat compared with 2021-end.
International Flavors utilized $4 million cash in operating activities in the first quarter against cash generation of $358 million in the prior-year quarter. Capital invested in purchasing property, plant and equipment totaled $132 million in the quarter compared with $93 million in the year-ago quarter. Dividends paid summed $201 million in the first quarter.
2022 Guidance
International Flavors estimates sales to be around $12.6 billion to $13 billion in 2022, up from the prior guidance of $12.3 billion to $12.7 billion. The updated guidance reflects the expected Microbial Control divestiture, which is likely to be completed on Jul 1, 2022, and benefits from the Health Wright Products acquisition.
Adjusted EBITDA is expected to be between $2.5 billion and $2.6 billion. The adjusted EBITDA margin is projected to grow 4-8% on a currency-neutral basis. Currency-neutral sales growth for the year is expected to be around 9% to 12%. However, foreign currency translation will likely affect sales growth by 4 percentage points (PP) and adjusted operating EBITDA growth by 5 PP.
Price Performance
In the past year, International Flavors’ shares have lost 13.8% compared with the industry’s decline of 32.2%.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
International Flavors currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Consumer Staples sector include Inter Parfums, Inc. IPAR and McCormick & Company MKC. Both these stocks carry a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Inter Parfums has an expected earnings growth rate of 10.9% for 2022. The Zacks Consensus Estimate for IPAR’s current-year earnings has been revised 0.1% upward in the past 60 days and is pinned at $3.05 per share.
Inter Parfums’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average beat being 46.7%.
McCormick has an expected earnings growth rate of 3.9% for fiscal 2022. The Zacks Consensus Estimate for MKC’s fiscal 2022 earnings has been stable in the past 60 days and is pegged at $3.17 per share.
McCormick’s bottom line beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 7.3%.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
International Flavors & Fragrances Inc. (IFF): Free Stock Analysis Report
McCormick & Company, Incorporated (MKC): Free Stock Analysis Report
Inter Parfums, Inc. (IPAR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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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The upside was driven by the additional sales related to the merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences (N&B) business. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report The updated guidance reflects the expected Microbial Control divestiture, which is likely to be completed on Jul 1, 2022, and benefits from the Health Wright Products acquisition.
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The upside was driven by the additional sales related to the merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences (N&B) business. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report International Flavors & Fragrances Inc. IFF reported adjusted earnings of $1.69 per share in first-quarter 2022, beating the Zacks Consensus Estimate of $1.31.
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The upside was driven by the additional sales related to the merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences (N&B) business. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Operational Highlights During the reported quarter, International Flavors’ adjusted cost of goods sold was up 36% year over year to $2,080 million.
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The upside was driven by the additional sales related to the merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences (N&B) business. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report International Flavors’ net sales came in at $3,226 million in the March-end quarter, increasing 31% year over year.
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eb8a5c48-66cb-4928-80b7-5640279e535a
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716014.0
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2022-05-03 00:00:00 UTC
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DuPont de Nemours (DD) Beats Q1 Earnings and Revenue Estimates
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-beats-q1-earnings-and-revenue-estimates
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nan
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nan
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DuPont de Nemours (DD) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 22.39%. A quarter ago, it was expected that this specialty chemicals maker would post earnings of $1.01 per share when it actually produced earnings of $1.08, delivering a surprise of 6.93%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
DuPont de Nemours, which belongs to the Zacks Chemical - Diversified industry, posted revenues of $3.27 billion for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 0.74%. This compares to year-ago revenues of $3.98 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
DuPont de Nemours shares have lost about 18.4% since the beginning of the year versus the S&P 500's decline of -12.8%.
What's Next for DuPont de Nemours?
While DuPont de Nemours has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for DuPont de Nemours: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.83 on $3.4 billion in revenues for the coming quarter and $3.38 on $13.47 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical - Diversified is currently in the bottom 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Air Products and Chemicals (APD), another stock in the same industry, has yet to report results for the quarter ended March 2022. The results are expected to be released on May 5.
This seller of gases for industrial, medical and other uses is expected to post quarterly earnings of $2.35 per share in its upcoming report, which represents a year-over-year change of +13%. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level.
Air Products and Chemicals' revenues are expected to be $2.94 billion, up 17.5% from the year-ago quarter.
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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.
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DuPont de Nemours (DD) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.67 per share. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont de Nemours (DD) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.67 per share. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook.
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DuPont de Nemours (DD) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.67 per share. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
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DuPont de Nemours (DD) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.67 per share. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
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DuPont's (DD) Earnings and Revenues Top Estimates in Q1
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DuPont de Nemours, Inc. DD recorded earnings (on a reported basis) from continuing operations of 42 cents per share for first-quarter 2022, down from 64 cents per share in the year-ago quarter.
Barring one-time items, earnings came in at 82 cents per share for the reported quarter, topping the Zacks Consensus Estimate of 67 cents.
DuPont raked in net sales of $3,274 million, up 9% from the year-ago quarter. It also beat the Zacks Consensus Estimate of $3,249.9 million. The company saw a 9% rise in organic sales in the quarter, supported by 3% higher volumes and 6% pricing gains. It witnessed sales gain in all regions globally.
Volume growth was driven by sustained strong demand in electronics, industrial technologies, water and construction end-markets, partly masked by continued supply-chain challenges. The price increase mainly reflects actions taken by the company to offset raw material, logistics and energy cost inflation. Supply-chain constraints and cost inflation were exacerbated during the quarter by the Russia-Ukraine conflict.
DuPont de Nemours, Inc. Price, Consensus and EPS Surprise
DuPont de Nemours, Inc. price-consensus-eps-surprise-chart | DuPont de Nemours, Inc. Quote
Segment Highlights
The company’s Electronics & Industrial segment recorded net sales of $1,536 million in the reported quarter, up 18% on a year-over-year comparison basis. Organic sales rose 9% on higher volumes and prices. Semiconductor Technologies organic sales rose on strong demand. Industrial Solutions also registered higher sales while organic sales declined in Interconnect Solutions on lower volumes.
Net sales in the Water & Protection unit were $1,429 million, up 8% year over year. Organic sales rose 10% on pricing actions across the segment. Volumes were flat as the growth in Shelter Solutions and Water Solutions were offset by declines in Safety Solutions.
Financials
DuPont had cash and cash equivalents of $1,672 million at the end of the quarter, down around 62% year over year. Long-term debt was $10,634 million, roughly flat year over year.
The company also generated operating cash flow of $209 million during the quarter. It returned $544 million to shareholders through share repurchases and dividends during the quarter.
Outlook
The company sees net sales from continuing operations for 2022 to be between $13.3 billion and $13.7 billion. It also expects adjusted earnings per share (EPS) for 2022 in the band of $3.20-$3.50.
DuPont expects net sales of between $3.2 billion and $3.3 billion for the second quarter of 2022. Adjusted EPS is forecast in the range of 70-80 cents for the quarter.
The company expects end-market demand to remain strong. However, uncertainties surrounding global supply-chain challenges, including the impact of the ongoing war in Ukraine and new pandemic-related shutdowns in China continues, DuPont noted. It sees external uncertainties in the macro environment to further tighten supply chains, leading to a slower volume growth and sequential margin contraction in the second quarter.
DuPont, in Feb 2022, entered into definitive deal to divest a majority of its Mobility & Materials segment, excluding certain Advanced Solutions and Performance Resins businesses, to Celanese Corporation. The deal, which is subject to regulatory approvals and customary closing conditions, is expected to complete around the end of 2022.
Price Performance
DuPont’s shares are down 17.1% over a year compared with an 8.3% decline recorded by the industry.
Image Source: Zacks Investment Research
Zacks Rank & Other Stocks to Consider
DuPont carries a Zacks Rank #5 (Strong Sell).
Better-ranked stocks worth considering in the basic materials space include Nutrien Ltd. NTR, AdvanSix Inc. ASIX and Commercial Metals Company CMC.
Nutrien, sporting a Zacks Rank #1 (Strong Buy), has an expected earnings growth rate of 127.9% for the current year. The Zacks Consensus Estimate for NTR's current-year earnings has been revised 31.1% upward over the last 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
Nutrien beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 5.9%, on average. NTR has rallied around 70% in a year.
Commercial Metals, carrying a Zacks Rank #1, has a projected earnings growth rate of 78.2% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised 31.9% upward over the past 60 days.
Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 16%, on average. CMC has gained around 29% in a year.
AdvanSix, carrying a Zacks Rank #1, has an expected earnings growth rate of 54.7% for the current year. ASIX's consensus estimate for current-year earnings has been revised 31.9% upward in the past 60 days.
AdvanSix beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 23.6%, on average. ASIX has rallied around 41% in a year.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
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Nutrien Ltd. (NTR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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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DuPont de Nemours, Inc. DD recorded earnings (on a reported basis) from continuing operations of 42 cents per share for first-quarter 2022, down from 64 cents per share in the year-ago quarter. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Volume growth was driven by sustained strong demand in electronics, industrial technologies, water and construction end-markets, partly masked by continued supply-chain challenges.
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DuPont de Nemours, Inc. DD recorded earnings (on a reported basis) from continuing operations of 42 cents per share for first-quarter 2022, down from 64 cents per share in the year-ago quarter. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont de Nemours, Inc. Price, Consensus and EPS Surprise DuPont de Nemours, Inc. price-consensus-eps-surprise-chart | DuPont de Nemours, Inc. Quote Segment Highlights The company’s Electronics & Industrial segment recorded net sales of $1,536 million in the reported quarter, up 18% on a year-over-year comparison basis.
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DuPont de Nemours, Inc. DD recorded earnings (on a reported basis) from continuing operations of 42 cents per share for first-quarter 2022, down from 64 cents per share in the year-ago quarter. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Barring one-time items, earnings came in at 82 cents per share for the reported quarter, topping the Zacks Consensus Estimate of 67 cents.
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DuPont de Nemours, Inc. DD recorded earnings (on a reported basis) from continuing operations of 42 cents per share for first-quarter 2022, down from 64 cents per share in the year-ago quarter. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Long-term debt was $10,634 million, roughly flat year over year.
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2022-05-03 00:00:00 UTC
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DuPont de Nemours, Inc. (DD) Q1 2022 Earnings Call Transcript
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https://www.nasdaq.com/articles/dupont-de-nemours-inc.-dd-q1-2022-earnings-call-transcript
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Image source: The Motley Fool.
DuPont de Nemours, Inc. (NYSE: DD)
Q1 2022 Earnings Call
May 03, 2022, 8:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good morning, and welcome to the DuPont first quarter 2022earnings conference call [Operator instructions] Thank you. Chris Mecray, you may begin your conference.
Chris Mecray -- Vice President, Investor Relations
Good morning, everyone. Thank you for joining us for a review of DuPont's first quarter 2022 financial results. Joining me today are Ed Breen, chief executive officer; and Lori Koch, chief financial officer. We prepared slides to supplement our comments during this review, which are posted on the Investor Relations section of DuPont's website and through the webcast link.
Please read the forward-looking statement disclaimer contained in the slides. During this financial review, we'll make forward-looking statements regarding our expectations or predictions about the future. Because these statements are based on current assumptions and factors that involve risks and uncertainties, our actual performance and results may differ materially from our forward-looking statements. Our 2021 Form 10-K as updated by current and periodic reports includes a detailed discussion of principal risks and uncertainties, which may cause differences.
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Unless otherwise specified, all historical financial measures presented today exclude significant items. We'll also refer to other non-GAAP measures. A reconciliation to the most directly comparable GAAP financial measure is included in our press release and posted to the Investor page of our website. I'll now turn the call over to Ed.
Ed Breen -- Chief Executive Officer
Good morning, and thank you for joining our first quarter financial review. We posted strong results this quarter. But before we discuss that, I would like to thank each of our employees for their continued dedication and strong commitment to our customers. Their perseverance in the face of many obstacles is what made our results possible.
I'd especially like to express our appreciation for our China-based colleagues, many of whom have endured weeks of lockdowns, but have continued to operate and get necessary work on. Also, our hearts go out to those affected by the war in Ukraine, and we sincerely hope this conflict can be ended as soon as possible. Our first quarter results from continuing operations included a strong 9% organic sales increase from the prior year or 14% growth, including the layered acquisition contribution. Organic volume increased 3%, led by an 8% increase in the E&I segment.
Overall customer demand remains strong across the vast majority of end markets, led by low double-digit volume growth in both semiconductor and industrial technologies with the E&I segment and mid-single-digit volume growth in water and shelter solutions within the water and protection business. Our top-line growth included 6% average pricing increases that we took to offset the continued cost inflation that we are experiencing. We realized price increases in all businesses totaling about $190 million and a fully offset raw material, logistics, and energy cost deflation. I continue to be impressed by the job our teams are doing as we remain -- target to remain price cost neutral for the full year 2022, including the incremental actions taken in March, largely in reaction to the conflict-driven spike in energy and related costs during the period.
Turning to Slide 4, I'd like to update you on key focus areas for 2022 stakeholder value creation, including our portfolio transformation, our balanced approach to capital allocation and our continued focus on growth execution. First, we believe we are on track with what we noted previously regarding the timing associated with the M&M divestiture to Celanese. The M&M transaction is anticipated to be complete around the end of the year, and we are also continuing with the process to divest the Delrin business. For the Rogers acquisition, progress is being made on the required regulatory reviews while we remain optimistic by closing by the end of the second quarter.
The process could extend into early third quarter. We continue to see no issue that would prevent a close of this transaction. I'd like to reiterate that DuPont's financial profile -- pro forma for these transactions will firmly position the company with top quartile revenue growth, operating EBITDA margins, and low cyclicality relative to top tier multi-industrial companies. Greater focus on secular high-growth end markets in electronics, water, industrial technologies, protection, and next-generation automotive will serve as a sound basis for our innovation-led organic growth execution.
Regarding the Laird Performance Materials acquisition, we are also on track to achieve cost synergies of $63 million, somewhat ahead of initial expectations. The deal has been a success so far, including overall financial performance ahead of plan for both top and bottom-line results and early progress to achieve commercial synergies on top of the cost synergies noted. As one example, we are starting to see some nice synergies with Laird process and equipment technology, enabling more effective solutions for downstream customers, including auto OEMs as well as consumer electronics applications. Regarding future capital allocation and namely the net cash we will receive from our planned divestitures, we will continue to pursue a balanced strategy that includes prioritizing the return of excess capital to shareholders as well as strategic M&A.
This is consistent with our actions taken over the last year during which we increased our share repurchase and dividend allocation as well as completed the Laird acquisition. Once the Rogers and M&M transactions are completed, we will be poised to continue to improve our portfolio and financial position as well as accelerate capital return options. Given the magnitude of the anticipated deal proceeds, we expect that there will be room to execute substantial incremental share buybacks while disciplined M&A will also remain a key deployment priority. Regarding our existing $1 billion share repurchase program authorized during Q1, we anticipate completing that authorization during 2022, ahead of the one-year duration initially guided.
Turning to core growth, we continue to focus on execution of our innovation-based organic growth opportunities. We are pleased with 3% volume growth in the quarter given production constraints due to lack of raw material availability and supply chain challenges. We are excited about visible growth drivers enabled by our technical innovation teams and application engineers who are squarely focused on helping customers solve their most complex challenges. In E&I, continued top line growth momentum this year is being driven by growth in semiconductor, healthcare, and displays end markets by cyclical recovery in aerospace markets and by new share gains and innovation wins muted somewhat in auto by supply chain constraints.
Key examples of recent new product successes driving growth and strong margin performance include newly launched mechanical planarization pads for semiconductor manufacturing as well as new lithographic photoresist for the high-performance computing market. In W&P, we expect growth in 2022 coming from each of the lines of business. Safety has seen market growth across major segments including aerospace, electrical infrastructure, oil and gas, and healthcare, but muted by lower demand for protective garments. Shelter continues to experience growth opportunities from strong construction and remodeling trends.
Water is experiencing strong mid-to high single-digit growth globally across all technologies. Examples of new innovation drivers for this segment include several new membrane product families within water to drive growth in desalination and wastewater markets as well as the launch of a new building insulation product offering increased sustainability solutions for customers. We also have a strong adhesive business that is positioned well to capture growth with its product offerings in next-generation auto and electric vehicles, especially through the commercial synergy opportunities that we expect through the Rogers acquisition. With that, let me turn it to Lori to discuss the details of the quarter as well as our financial outlook.
Lori Koch -- Chief Financial Officer
Thanks, Ed, and good morning, everyone. As Ed mentioned, we saw continued strong demand during the quarter in key end markets. Global supply chain challenges and cost inflation have persisted and even intensified during the quarter due to the war in Ukraine. In response to inflation, we continued our strategic pricing actions and were able to fully offset higher costs during the quarter related to raw material, logistics, and energy.
These factors, along with our team's continued focus on execution, contributed to net sales, operating EBITDA, and adjusted EPS results well above expectations. Focusing on financial highlights on Slide 5 for the quarter. Net sales of $3.3 billion were up 9% on both an as-reported and organic basis versus the first quarter of 2021. The acquisition of Laird, partially offset by non-core divestitures, provided 2% net tailwind to net sales while currency was a 2% headwind during the quarter.
Organic sales growth included 6% pricing gains and 3% higher volume. Pricing gains reflect the actions taken to offset overall cost inflation, including the spike in energy costs that we are seeing at our site. Volume growth reflected continued strong customer demand with order patterns remaining solid, led by electronics, industrial technologies, water, and construction end markets. These factors resulted in organic sales growth during the quarter of 10% and 9% for W&P and E&I, respectively.
On a regional basis, organic sales growth was broad-based globally with W&P driving growth in North America and EMEA and E&I driving growth in Asia Pacific. From an earnings perspective, operating EBITDA of $818 million was up 2% versus the year ago period and adjusted EPS of $0.82 per share was up 19%. The increase in operating EBITDA was driven by pricing actions, volume gains, and strong earnings from the Laird acquisitions, which more than offset higher inflationary cost pressures as well as weaker product mix in W&P and the absence of a gain on asset divestiture in E&I last year. Operating EBITDA margin during the quarter was 25%, which was better than our expectations set earlier this quarter, about 160 basis points below the year-ago period, which I'll explain further.
Navigating cost inflation was a key focus during the quarter, and our success in doing so was a significant driver in our results. While the majority of the raw material inflation that we have discussed in the past related to the M&M businesses, which are now part of discontinued operations, our Remainco businesses also have inflation exposure, and we saw a spike in energy costs during the quarter, most notably in W&P. We fully offset about $190 million of cost inflation during the quarter, which kept our results whole on a dollars basis. While these pricing actions enabled us to maintain a neutral earnings profile, price cost dynamics resulted in 150 basis point headwind to operating EBITDA margin during the quarter.
Our underlying operating EBITDA margin adjusted to exclude price cost factors was 26.5% or essentially flat compared to the year-ago period. Further, as you adjust margins in the prior period to exclude the onetime gain related to the asset sale in E&I, our underlying margin of 26.5% would have increased about 70 basis points from last year. Another key metric that we track is incremental margins. On a reported basis, incremental margin for the quarter was 6% from the year-ago period.
However, I indicated previously the importance of evaluating our results on an underlying basis. If you remove the impact of price cost, incremental margin was over 20%, and if you also exclude the headwind from the onetime asset sales. On top of that, incremental margin was almost 60%. I mentioned these data points to illustrate the volume strength we are seeing within the portfolio.
From a cash perspective, cash flow from operations during the quarter of $209 million and capital expenditures of $251 million resulted in a free cash outflow of $42 million. The cash outflow was the result of variable compensation payments to our employees, which were approximately $100 million more this year than our normal payout, and higher working capital trade includes set of actions taken to increase inventory in reaction to continued product supply constraints. We expect significant improvement in free cash flow as we move toward the second half of the year consistent with our typical seasonal pattern. Turning to Slide 6.
Adjusted EPS of $0.82 per share was up 19%, compared to $0.69 per share in the year-ago period. Higher volumes and strong results from Laird collectively provided a benefit to adjusted EPS in the quarter of $0.11 per share. These gains more than offset other previously disclosed portfolio-related actions, weaker product mix in W&P, and additional tax Kapton start-up costs in E&I totaling $0.09 per share in the aggregate. A lower share count and reduced interest expense from deleveraging actions continue to benefit our EPS results.
Our base tax rate for the quarter was 21.8%, and we continue to expect our base tax rate for the full year 2022 to be in the range of 21% to 23%. Turning to segment results, beginning with E&I on Slide 7. E&I delivered net sales growth of 18%, including 9% organic growth and 11% portfolio benefit from Laird, and a 2% headwind from currency. Organic growth for E&I includes an 8% increase in volume and a 1% increase in price.
For a line of business view, organic sales growth was led by semiconductor technologies, which increased mid-teens as robust demand continued, led by the ongoing transition to more advanced nodes, growth in high-performance computing and 5G communications as well as share gains. Within Industrial Solutions, organic sales growth was up low double digits on a continuation of strong volume growth led by OLED materials for new phone and television launches, ongoing strength for Kalrez product offerings, most notably for semi capex, and strong demand for healthcare applications such as biopharma and tubing. Interconnect Solutions sales decreased low single digits on an organic basis, due to a slight volume decline. Volume gains for films and laminates in certain industrial end markets were more than offset by declines in consumer electronics, primarily related to China as well as the anticipated return to more normal seasonal order patterns for smartphones.
For the full year, we expect Interconnect Solutions to be up mid-single digits on an organic basis, led by strong demand in the second half and additional capacity coming online later this year from our Kapton expansion. From a regional perspective, E&I delivered sales growth in all regions with high single-digit organic growth in Asia Pacific, noting China was down slightly. Operating EBITDA for E&I of $476 million increased 9% as volume gains, strong earnings from Laird, and pricing actions more than offset the absence of a prior-year asset sale gain, higher raw material and logistics costs, and a continuation of start-up costs associated with our Kapton capacity expansion. Operating EBITDA margin of 31% reflects sequential improvement from the fourth quarter of more than 200 basis points.
On a year-over-year basis, the primary driver of the decline in operating EBITDA margin was the absence of a prior-year gain. Adjusting margins in the prior year to exclude the onetime benefit, operating EBITDA margin was down 70 basis points year over year as a result of price cost and Kapton start-up costs more than offsetting volume gains. Turning to Slide 8, W&P delivered net sales growth of 8%, consisting of 10% organic growth and a 2% headwind from currency. Organic growth for W&P reflects broad-based pricing actions across the segment implemented to offset cost inflation.
Volumes were flat as gains in shelter and water solutions were offset by declines in safety. From a line of business view, organic sales growth was led by shelter solutions, which was up high teens driven by pricing actions and continued robust demand in North American residential construction for products such as Tyvek, Kalrez as well as ongoing improvement in commercial construction for quarry and surface products. Sales for water solutions were up high single digits on an organic basis on volume and pricing gains. Global demand remains strong for all water technologies and across all regions.
Within Safety Solutions, sales were up mid-single digits on an organic basis as pricing actions were partially offset by lower volumes of Tyvek as we shifted production from garments to other end-market applications. Volumes were up slightly for aramid fibers on continued improvement in industrial end markets. Operating EBITDA for W&P of $341 million declined 4% versus last year due to a weaker product mix. Operating EBITDA margin was better than our expectations set earlier in the quarter, but the impact of price cost was about a 210 basis point headwind to margin.
Excluding the price cost impacts, operating EBITDA margin was about 26%, approaching more normalized levels for W&P. Before I turn it back over to Ed, I'll close with a few comments on our financial outlook on Slide 9. Despite the strong start to the year and solid demand, the macro environment remains volatile with several key and certain factors. Based on our expectations and in consideration of these uncertainties, our full year guidance ranges for operating EBITDA and adjusted EPS remain unchanged at $3.25 billion to $3.45 billion and $3.20 to $3.50 per share, respectively.
These ranges include a $35 million earnings headwind as a result of suspending operations in Russia. We are increasing our guidance range for net sales to be between $13.3 billion and $13.7 billion to reflect price increases needed to offset cost inflation, which we now anticipate at $600 million in year-over-year headwinds. Although underlying demand in key end markets such as electronics, industrial technologies, and water remains strong, we are seeing further supply chain constraints, primarily from additional government-mandated lockdowns in China, which will likely impact volume growth in the second quarter. Based on these anticipated headwinds as well as an element of previously projected Q2 sales realized in the first quarter, we expect second quarter 2022 sales to be between $3.2 billion and $3.3 billion, or up about 5% year over year at the midpoint.
Based on these same assumptions, we expect second quarter operating EBITDA between $750 million and $800 million, and adjusted EPS decrease $0.70 and $0.80 per share. At the midpoint of our guidance, second quarter operating EBITDA margin is expected to decline just over 100 basis points sequentially as supply chain constraints are assumed to impact production rates. We expect operating EBITDA margin in the back half of 2022 to improve on typical seasonal volume strength and improved plant utilization as we clear COVID-related production challenges impacting the first half of the year. This outlook assumes moderating China lockdown impacts as we get into mid-May, given the positive trajectory in the Shanghai region and our limited exposure around Beijing.
However, further outlook risks could be triggered as the lockdown spreads to Shenzhen and the Pearl River Delta region, given the concentration of manufacturing and shipping there for DuPont as well as our suppliers. With that, let me turn the call back to Ed.
Ed Breen -- Chief Executive Officer
Before we take your questions, I'd like to highlight that we published our annual sustainability report this week, and I'm really proud of the progress we made on our 2030 goals. Our sustainability strategy is grounded in three pillars: innovation, protecting people and the planet, and empowering employees and customers. I'll just note a few highlights. DuPont is leveraging our innovation focus to help customers meet their sustainability goals.
A great example of that is the new formulations within our building installation products that helped increase energy efficiency as well as new technologies from our water solutions business that reduced process energy intensity. We're also focusing on renewable energy as part of our integrated climate and energy approach. Last year, we signed a virtual power purchase agreement that will supply about 25% of DuPont's total electricity starting in 2023. Additionally, Apple just announced that DuPont was selected to join their supplier clean energy program.
which is an example of DuPont working with industry partners to drive sustainability progress at scale. We continue to advance our commitments to DE&I. We are excited about the newest female nominee to our board of directors, Christina Johnson. Also, the strong gender and ethnic representation of our leadership teams continue despite competitive labor markets.
There are many great examples and stories in the report of how our teams are delivering on our purpose and driving sustainability. Overall, our teams have done a tremendous job. With that, we are pleased to take your questions. And let me turn it back to the operator to open the Q&A.
Questions & Answers:
Operator
[Operator instructions] Your first question comes from Steve Tusa from J.P. Morgan. Please go ahead.
Sam Yellen -- J.P. Morgan -- Analyst
Hey, guys. This is actually Sam Yellen on for Steve. Thanks for taking my question.
Ed Breen -- Chief Executive Officer
Sure.
Sam Yellen -- J.P. Morgan -- Analyst
Can you talk about the sequential trends from 2Q to 2H? It looks like a big step up in EBITDA. Is that the China recovery or something else? And as part of that, maybe give us an update on the price cost spread on a quarterly basis? What are you expecting in 2Q and then in 2H when comparing to the neutral you did in Q1? And then is there anything else we're missing? Thank you.
Lori Koch -- Chief Financial Officer
No. Thanks, Ashley. The second half ramp from the first half is really just a reflection of our seasonal volume improvement in the back half. Within E&I, it's primarily driven by smartphones as we go into the Christmas season and, within water, a lot in the construction space as we see a ramp there.
So the list on volume is dropping to the bottom line, which is translating to the EBIT improvement and the margin improvement in the second half as we drive leverage through the P&L. On your question around net price, so we'll expect all year to remain neutral on net price cost that we raised the midpoint of the guidance for the full year to reflect about another $100 million of raw material escalation on a full year basis. So we're now expecting somewhere in the range of $600 million that will fully offset with price. So that won't change coming out of the first quarter for the rest of the year.
Ed Breen -- Chief Executive Officer
Ashley, I would just add to Lori's point, the first half to second half ramp, it is our typical seasonality. If you go back and look at last year, it's about a 7% sequential lift first half, second half, and that's typically what we do because of the items that Lori mentioned. So nothing unusual in the pattern there.
Sam Yellen -- J.P. Morgan -- Analyst
Got it. Thank you.
Ed Breen -- Chief Executive Officer
Thank you.
Operator
Your next question comes from Scott Davis from Melius Research. Please go ahead.
Scott Davis -- Melius Research -- Analyst
Hey. Good morning, everyone.
Ed Breen -- Chief Executive Officer
Good morning, Scott.
Scott Davis -- Melius Research -- Analyst
Lori and Chris, welcome. Welcome aboard, Chris. Anyway, the -- is there something -- can we talk in terms of like backlog or book-to-bill? Did backlog actually grow in the quarter? I mean, or any metric, I guess, you can give us -- to give us a sense of top-line pent-up demand?
Ed Breen -- Chief Executive Officer
Yes, Scott. The backlog looks great. It's been staying at very elevated levels. We look at it weekly.
There's really no end market that's not feeling good. As you know, auto is down a little just because of auto production, but that's not a demand-driven thing. It's just chip shortages and supply chain issues. But all our end markets from an order pattern standpoint feel good as of looking at it this week.
So no issues there at all. And really, the only issues we're dealing with here, again, it's not demand driven. It's really more centered around supply chain and China and COVID lockdowns for the guide on the second quarter. But if we didn't have those issues, our sales would definitely be higher in the second quarter, but that's what we're dealing with there.
Scott Davis -- Melius Research -- Analyst
Yes. It makes sense. And is price -- as we speak kind of now, is price still going up because inflation is still going up? Or are we at a point now where we've kind of hit some sort of plateau?
Ed Breen -- Chief Executive Officer
It seems like we've plateaued, Scott. We -- all the price increases are implemented. When the war broke out, we did a whole another round of price increases, mainly because the natural gas lifting is significantly as it did. And by the way, other constraints in there, but that was the big one.
So we did a round of increases again, which we had just finished doing. We did it again in every business. And as we said, we caught all the inflation in the quarter by important roles on logistics and on energy. So we caught everything with $190 million of inflation that we saw.
And as Lori just mentioned a minute ago, we think it's plateaued. If it hasn't, we'll do another round of price increases. I feel like we can get it if we have to, but it does appear to have plateaued. So we'll have an incremental $600 million of inflation if things hold where they're at for this year, and we'll have that all covered with price.
Scott Davis -- Melius Research -- Analyst
OK. Sounds great. Good luck. Thanks.
Appreciate it.
Ed Breen -- Chief Executive Officer
Thanks, Scott.
Operator
Your next question comes from Jeff Sprague from Vertical Research. Please go ahead.
Jeff Sprague -- Vertical Research Partners -- Analyst
Thank you. Good morning, everyone.
Ed Breen -- Chief Executive Officer
Hey, Jeff. Good morning.
Jeff Sprague -- Vertical Research Partners -- Analyst
Good morning. Ed, on share repurchase -- excuse me, battling a little cold here. Hopefully, it's not COVID. Your language on share repurchase went from it being important last quarter to substantial incremental share repurchase.
So I sense a bit of a pivot there in your posture. Maybe you could just elaborate a little bit more. And do you need to wait for the M&M proceeds to actually do more? Or can you get a bit of a running start on maybe the incremental that you're talking about?
Ed Breen -- Chief Executive Officer
Yes. So Jeff, I think summarized it well. We're leaning much more toward a decent large, if you could call it, share repurchase with where our multiples at. I don't think this is where DuPont's model will be sitting in the future and obviously softness in everyone's stock price just because of recent external events out there.
So we're going to step on the $1 billion share repurchase a little bit quicker as we said in our prepared remarks by a quarter or four months, something like that, and get it done early. And I would expect conversations with the board that we're going to look at a much larger share repurchase program. I don't think we need to wait until the proceeds are necessarily in, but I would like to make sure nothing else crazy is going on in the world. We do have a $5.2 billion outstanding loan on the Rogers piece that will get paid off.
So our leverage will be north of three. And with that, but when we get the proceeds from M&M, you kind of know the math. We're sitting on lots of billions of dollars here. So yes, you do secure a little bit of shift in tone because of where the multiples at.
The market is a little bit tough right now for everybody, and my gut is we're going to step on it in a bigger way.
Jeff Sprague -- Vertical Research Partners -- Analyst
That's great to hear. And then also, could you just -- maybe this is for Lori, just how significant on the top line was China, kind of the lockdowns and supply chain and COVID issues? And how big a part of kind of the Q2 outlook is it?
Lori Koch -- Chief Financial Officer
Yes. In total, there's two major pieces that are impacting the 2Q guidance, so -- and they're both related to China. So first is a shift of sales that we had expected to land in 2Q that landed in 1Q, and that was primarily with our customers pulling in on volume because of what was going on in China. We would size that at about $3 million to $5 million of sales.
And then as far as the shutdown that happened, it started to get progressively worse in mid-March, and we're anticipating a mid-May reopening. We estimate that we missed about $20 million worth of sales.b And there's also an impact on our margins with our plants not running at full capacity. So we have two sites in China that went into full lockdown mode in mid-March. We expect them to be fully reopened by mid-May.
And then we had some key raw materials within our electronics business that we source from China that we weren't able to get full supply, so we ran some of our domestic plants at lower unit rates. And so that was impacting our margin profile in the second quarter as well.
Ed Breen -- Chief Executive Officer
Yeah. To give you a specific on what Lori said, in Circleville, Ohio, we make our Kapton, which is a high-margin product. We're fully sold out. We get half of a monomer that we need out of China, and we had delayed shipments out of China.
So we did have supply at the monomer. So instead of shutting -- running it full tilt and then shutting the facility down, we just eased off the run rate some. We know when we're now getting supply from China. So there's an example.
It kind of hits your rates for one month, month and a half, like that. So it's just these one-offs because of the China lockdowns, which hopefully it dissipate as we exit the quarter.
Lori Koch -- Chief Financial Officer
And I think the other piece, Jeff, too, with our guidance for the second quarter, but it's beyond just China and then the production-related effects with Russia. So we noted in our slides that we pulled Russia out. On a full year basis, it's about $35 million of EBITDA, probably about $80 million of sales that's impacting primarily 2Q and beyond.
Ed Breen -- Chief Executive Officer
And then, Jeff, when you look at the full year guide, we beat by $90 million on EBIT in the first quarter kind of from consensus. We're down kind of $60 million in the second quarter off of, I'll use you guys, consensus, all because of what Lori just described here. But then we have nothing in the second half that's unusual. It's our normal seasonal ramp.
That's 7% that I mentioned. That's what we're counting on, including we'll get some better unit rates from the things we just described to you. So no real big change in order patterns for us that we would typically see.
Jeff Sprague -- Vertical Research Partners -- Analyst
Great. Thanks for that color. Appreciate it.
Operator
Your next question comes from John Walsh from Credit Suisse. Please go ahead.
John Walsh -- Credit Suisse -- Analyst
Hi. Good morning and thanks for taking the questions here.
Ed Breen -- Chief Executive Officer
Good morning, John.
John Walsh -- Credit Suisse -- Analyst
I guess just, first, thinking about a couple of end markets that you touch, where there's some investor angst, I mean, residential, auto, consumer smartphones. Can you talk about what you're kind of expecting there from volume? And then what you're expecting from price either if you can break it out, what's inflation? And then that price component that you have because of the higher value you're adding to the customers offering there?
Lori Koch -- Chief Financial Officer
Yes. I would say as far as demand is concerned in the three end markets, you had noted, we saw strength in residential construction. We expect that to continue to be a point of strength in the second quarter. We did note softness in consumer electronics, but that was primarily in China with respect to the lockdown and also a little bit of an impact of our own viewing of seasonality with respect to when we do our normal smartphone shipments.
So we've telegraphed in the past that the first half will be weaker, the second half will be stronger because of a change in seasonal patterns as we sell into the smartphone market. But on a full year basis, we expect that end market to be up mid-single digits. And then in auto, you've seen the revisions downward with respect to IHS auto builds. I think now it's sitting at 4% on a full year basis.
So our estimates would probably be a little bit lighter than that with respect to what we think that the market will do. But the underlying demand remains strong. It's just really a matter of supply chain specifically around the chip constraints that are impacting that. But I think the highlight to you there is we do continue to see very strong growth within the EV space.
And so for us, a large portion of that comes from our adhesives business. We saw a really nice growth in our EV-related sales in Q1, and we expect to about double those sales in Q2 in line with where the EV market is going in general. And we really look forward to the incoming business from Rogers to pair with our business to really take advantage of the opportunity there. On the price side, I wouldn't say it materially different across those end markets.
It's what we're seeing with respect to inflation by segment. So within E&I, the inflation is not as material as what it is within W&P, and you see that in price. So we got about 1% in E&I in price and about 10% in W&P. So there is a difference there, but nothing more than just around the raw material inflation-related items.
John Walsh -- Credit Suisse -- Analyst
Great. Thank you. And then maybe one quick follow-up to Jeff's question around capital allocation. Maybe can you just update us on what the deal pipeline looks like and if you're seeing sellers expectations change given what's happened in the public markets? Thank you.
Ed Breen -- Chief Executive Officer
Yes. So my gut is as we sit right now, I don't see any deal that we would want to do until we're in this 2023. And I'm not saying I know something is available in 2023. But the way stock prices are moving around right now and all, it just makes it a tougher environment.
So I don't see anything happening until we get into 2023. And quite frankly, we don't have anything -- we have things we're -- a couple of things we're interested in, as I said before, but I don't see them actionable anytime in the near future. So that could change, so don't hold me to that. But I can't see anything happening until we're nicely into 2023, if then depending on what's going on.
John Walsh -- Credit Suisse -- Analyst
Great. Appreciate it. Thanks for taking the questions.
Ed Breen -- Chief Executive Officer
Yep.
Operator
Your next question comes from Chris Parkinson from Mizuho. Please go ahead.
Chris Parkinson -- Mizuho Securities -- Analyst
Great. Thank you so much. There are a lot of moving parts to the DuPont capital allocation thesis, just including the net proceeds from deals, base free cash flow generation, working capital, and then, obviously, your stated buyback goals. When it's all said and done, and I appreciate your remarks for the deal outlook for 2023, just absent anything new in 2022, what is the kind of the base range that you -- based on the current buyback that you believe you'll have cash on the balance sheet, just plus or minus? Thank you.
Lori Koch -- Chief Financial Officer
So are you talking after considering the proceeds from the M&M sales?
Chris Parkinson -- Mizuho Securities -- Analyst
Yeah.
Lori Koch -- Chief Financial Officer
So yeah, if you look at the proceeds from the M&M sales, the cash flow generation in 2022 and 2023 as well as where our leverage targets are at 2.75 times, probably where we would expect to be, you quickly get to the $10 billion to $11 billion range of cash to deploy after we pay down the Rogers debt. So as we have mentioned on the call, it's significant. And we'll look to take a balanced approach to driving significant share repurchase as well as M&A opportunities.
Chris Parkinson -- Mizuho Securities -- Analyst
Got it. And the second question I have, just obviously, over the last couple of weeks, there's been a bit of noise across global electronics, some of your peers, which has been pertinent to semis, 5G, base consumer electronics demand. A lot of that driving from China. But just can you just give us a quick update overall about how your team is thinking about your relative subsegments within E&I, just given the current demand environment? And then also how you would project your relative performance versus some of your core U.S.
peers. Thank you.
Lori Koch -- Chief Financial Officer
Yes. So we see very strong demand continuing in electronics, and so we had very strong results in Q1. On a full year basis, we expect to be up pushing double digits within electronics between price and volume, and we'll obviously add to that as we close the Rogers transaction later this year. So we see a lot of strength, we see a lot of opportunity.
If you look at -- we do a lot of detailed analysis about our results versus peers. And a couple of them have already been out before us, and we back up very nicely when you compare like-to-like product lines. And so we also stack up very nicely when you compare our results versus some of the key benchmarks out there. So for example, MSI is one of the key components of the semi business.
People are expecting that to be up 7% to 8%. We've mentioned that we should outperform by 200 to 300 basis points. And if you look at our Q1 results in semi, we were in line with that expectation. So we are very excited about the portfolio.
We'll look to continue to see where we can opportunistically broaden and strengthen that portfolio as well.
Chris Parkinson -- Mizuho Securities -- Analyst
Thank you, as always.
Operator
Your next question comes from Steve Byrne from Bank of America. Please go ahead.
Steve Byrne -- Bank of America Merrill Lynch -- Analyst
Yes. Thank you. Are there any water-treating technologies that are really deficient in your platforms? Would you consider acquiring or developing anything you don't have and maybe more broadly in water? Would you consider moving downstream to essentially utilize your expertise in the breadth of water-treating technologies you have to provide service to customers as a downstream expansion similar to Ecolab?
Ed Breen -- Chief Executive Officer
Yes. I would say two things, Steve. Our portfolio, we feel very good about. And it's a fairly broad portfolio, so we touch most of the water filtration type markets out there, wastewater home, home applications, which are big for us in China, desalination, as we mentioned in our prepared remarks.
So we feel good about the breadth of what we have in the technology we have behind it, and we continue to bring new products out to market. The one area that we would look at, and by that it doesn't mean it's an acquisition, it could be organically done as we need to expand our manufacturing footprint and we need a bigger presence with the manufacturing in the Asia market, which is a very fast-growing market for us. So we've been studying very hard, a project there to bring up a facility in the next couple of years in that area. So that's a high priority for us.
And then this kind of goes to the second part of your question there. The one opportunity we have or potentially have in our R&D teams and application teams are looking at is digitizing the water business. So we know when replacement components are needed ahead of time, and it's kind of systematized, and that could be a real opportunity for us to kind of satisfy our customers by doing it that way. And that opportunity, we've been studying hard for the last year.
Steve Byrne -- Bank of America Merrill Lynch -- Analyst
Maybe any update from you on PFAS issues? Anything -- any trends that you're observing? Any changes to inbound inquiries that you can comment on?
Ed Breen -- Chief Executive Officer
Yes. Nothing new has changed on the landscape except, I'll just say, we continue to be in conversations with the plaintiffs down in the MDL. I feel like we will make progress this year on that. By the way, the judge has continued to encourage us, the judge down there in charge of these MDL cases has actually encouraged us and the plaintiffs we talk in and coming up with a settlement.
And so I'll just leave it at that for now, but nothing new besides that.
Steve Byrne -- Bank of America Merrill Lynch -- Analyst
Thank you.
Ed Breen -- Chief Executive Officer
Yep.
Operator
Your next question comes from David Begleiter from Deutsche Bank. Please go ahead.
David Begleiter -- Deutsche Bank -- Analyst
Good morning. Ed, how is Rogers EBITDA tracking your earlier expectations given what you've seen in both Q1 and Q4? I believe the EBITDA view was $270 million for this year.
Lori Koch -- Chief Financial Officer
Yes. So in the first quarter, they were under the impact of the same things that we were with respect to the China COVID situation. We're really looking forward to the second half when we will own them, and they have a pretty sizable expected ramp as those end markets really open up coming out of the China recovery, and they continue to see a nice growth opportunity within the EV space. And so I think if you look at the second half trajectory, that's being planned by Rogers, it would be more in line with where our expectations were on a full year basis for that portfolio.
Ed Breen -- Chief Executive Officer
They have the backlog. A lot of it is in the EV space. We've looked at it. So it's just a matter of, A, getting over the lockdown issue in China and then actually accomplishing the ramp in their production rates.
But we think second half of the year, they'll be right around the ZIP code of where we would expect it.
David Begleiter -- Deutsche Bank -- Analyst
Great. And Lori, can you comment on what was M&M EBITDA in the quarter?
Lori Koch -- Chief Financial Officer
Yes. So that will come out Friday in the Q. So in the Q, we'll deconstruct the discontinued operation summary that we've reported today. I can give you a high level that they were impacted, obviously, by the China COVID situation as well and the auto end markets obviously being the largest factor, but they did continue to do a really nice job of getting priced.
David Begleiter -- Deutsche Bank -- Analyst
Great. Thank you very much.
Ed Breen -- Chief Executive Officer
Thank you, David.
Operator
Your next question comes from Aleksey Yefremov from KeyBanc Capital Markets. Please go ahead.
Aleksey Yefremov -- KeyBanc Capital Markets -- Analyst
Thank you. Good morning, everyone. Can you update us on the -- how the Delrin sale process is going?
Ed Breen -- Chief Executive Officer
Yes. So Delrin, by the way, we've been putting the data room together and all that. We're just getting ready to launch on that, and we would expect that Delrin will take about a year, just like the other part of M&M to actually close the deal. So we'll get a deal done in a four-, five-month window and then regulatory approvals that will kind of take like a year.
So data room is getting finished up. And obviously, we've had inbound phone calls about it, but we haven't really going into deep engagement, yet. We're just getting ready to do that kind of in the next couple of weeks.
Aleksey Yefremov -- KeyBanc Capital Markets -- Analyst
And Ed, you provided initially some expectations for valuation during the sale of mobility business, would you care to do the same about Delrin may be in broad terms? What are your expectations for the multiple?
Ed Breen -- Chief Executive Officer
No. I am not going to do that. We sold 90% of it at 14.1 times. So I think what we said more than happened, and I will say Delrin is a very good business.
It's a very high EBITDA business, so we're looking forward to a nice sale there.
Aleksey Yefremov -- KeyBanc Capital Markets -- Analyst
Fair enough. Thanks a lot.
Ed Breen -- Chief Executive Officer
Thank you.
Operator
Your next question comes from John Spector from UBS. Please go ahead.
Josh Spector -- UBS -- Analyst
Hi. This is Josh Spector. So just a question on WMP and pricing and margins, particularly, I think in the past that segment, margins have been mid-to-upper 20%. Now you're kind of more low to mid-20%.
Very clear that you're getting pricing to offset inflation. But do you have any visibility to get pricing more than inflation over the next 18 months, two years? Should we expect margins to expand in the outlook over time? Thanks.
Lori Koch -- Chief Financial Officer
Yes. So the underlying margin as we look at it, excluding pricing cost was close to 26% in the quarter, as we noted on the call. So starting to get back to the more normalized margins that we would expect for the segment in the upper 20s. So -- and in normal times to outside the inflation, we would expect to get 1% to 2% of price out of that portfolio that does drop to the bottom line with respect to new product innovations and favorable mix as we move into the more higher-margin segment.
So we'll continue to see headwinds on as-reported margins as we go after the year just because of price costs, and we'll continue to let you know what that adjustment looks like, so you can get to more of an underlying margin basis opportunity for the WMP segment.
Josh Spector -- UBS -- Analyst
OK. But I guess we could take that to mean that this -- if inflation stays where it is and your pricing toward that, this becomes more of the new normal and then its normal incremental margins. You're not expecting accelerated pricing to persist to drive margins back up in this segment over time. That's not your expectation.
Ed Breen -- Chief Executive Officer
No. I think what would occur is hopefully commodity prices come down, and we hold obviously some of the price because of the products that we have. I would think that's the more rational way things could play out here. And you're not incorrect.
This business can run at like 28% EBITDA margin. So we're certainly not pleased at 26%, but 26%, we don't feel bad about in this environment, but we would certainly strive to be more in that 28% range, and we have been there before. So as Lori said, part of it, you'll just get by. If you just take all of this price cost out for a second because it's not normal times, we'll get a couple of points in pricing every year with our new product introductions.
We don't get paid like you do in electronics, and we truly can get incremental net pricing in the business, which will help. But our biggest opportunity, as we've highlighted in the past, is continue to get capacity released from these bigger assets like Tyvek and Nomex. We have a lot of programs around that. And that will drive the throughput through those facilities, which really has an impact on the numbers.
So we do think this business should run a couple of hundred basis points higher, and we'll get there.
Josh Spector -- UBS -- Analyst
OK. Thank you.
Ed Breen -- Chief Executive Officer
Yep. Thank you.
Operator
Your next question comes from Vincent Andrews from Morgan Stanley. Please go ahead.
Vincent Andrews -- Morgan Stanley -- Analyst
Thank you and good morning, everyone. If I can just ask, in Safety Solutions, where you are sort of on, I guess, what would be considered hard COVID comps with Tyvek into healthcare, and was that part of what was driving sort of the weaker product mix in the overall segment?
Lori Koch -- Chief Financial Officer
Yes, that was it. So it was a function of -- last year, we were producing full-on Tyvek garments. And so we were limiting changeovers on the lines, just given that we weren't making other end markets like medical and other types of end market uses for Tyvek. And so as you now go into a more normalized environment, you have more changeovers.
So, therefore, your production is a little bit less, and that was what was driving the impact of the weaker mix within the W&P segment.
Vincent Andrews -- Morgan Stanley -- Analyst
OK. And just as a follow-up, Lori, and maybe this will make more sense, it would be easier to follow once we have the Q. But just looking at sort of what corporate did on an EBITDA basis in the quarter versus if I look at Slide 14 and you got corporate expense of $135 million, stranded cost of $50 million, which would total up to $185 million, and then you've got unquantified results of retained businesses in biomaterials. So can you give us a little bit of a help on sort of how this is going to progress over the year? Presumably, you start making progress on those stranded costs, the corporate, we can kind of run rate, but what about that third piece of the retained businesses in biomaterials?
Lori Koch -- Chief Financial Officer
Yes. So there are three buckets, as you had mentioned. And so the retained pieces, the margins, I would say, are in the mid once you get on an upward trajectory as we get outside of the COVID lockdown. So the largest piece of the retained business is the adhesives business, and it did see an impact in the quarter with respect to the China situation.
So that's the biggest season. And we will disclose the revenue of the retained businesses in the Q on Friday. When you get back, you'll be able to calculate kind of what the margin profile was for that space. With respect to normal corporate expenses, those will be in the range of $135 million on a full year basis as we have in our supplemental guidance.
And so you would expect around $25 million, $26 million for the quarter. And then the third piece are the net stranded costs, and we continue to be in the range of about a net $50 million on a full year basis, and that's our target to get after as we look to eliminate those going forward.
Vincent Andrews -- Morgan Stanley -- Analyst
Thanks very much.
Operator
Your next question comes from Mike Sison from Wells Fargo. Please go ahead.
Mike Sison -- Wells Fargo Securities -- Analyst
Hey. Good morning. It's just, I guess, a quick follow-up on Rogers. I guess if they're being affected by China in 2Q, sequentially, EBITDA probably doesn't improve a lot.
And then if we get on the run rate that you noted for the second half, we're probably somewhere in the low $200 million for EBITDA. And I know you don't own the business yet. But so just as a follow-up, why do you think things will improve in the second half? And then any updates on synergies that you can accelerate given -- it seems like '22 is going to come in a little bit short for Rogers this year.
Ed Breen -- Chief Executive Officer
Yes. Rogers will not run around $200 million in the second half of the year. They have -- the demand is there. We know the book, by the way, again, muted pretty significantly by COVID China.
And don't forget, it's auto related, a lot of the business. So that's not being as hot as it should, even though end-market demand is there. But they'll be running at a much more significant rate in the third quarter, assuming, again, the COVID stuff is all cleaned up, lockdowns have ended. And we have line of sight where we're allowed to talk about synergy work on the cost side of $115 million.
We're highly confident in it on a percentage basis, with the combo of that coming in with our life business. It's not a percent that's on the high end at all. So like Laird with $60 million, we now have line of sight detail by detail to $63 million in this one. We have -- we're really racking and stack and where we have a lot of it identified.
So we'll get at it really quick. And remember, one of the things that will happen immediately on the Rogers synergies is there's corporate expense of some significance because it's a public company. And that will be cleaned up very, very quickly, and then we'll start on the rest of the synergies. So -- but it will run at a very different rate in the second half of the year.
Mike Sison -- Wells Fargo Securities -- Analyst
Right. So for '23, we should really be thinking about 270 plus whatever growth that the industry should provide as kind of the base case for -- when we model in Rogers for '23.
Ed Breen -- Chief Executive Officer
Yeah. I think that's fair. With synergies kicking -- with then you got them kicking in. We'll hopefully move fast on that.
Mike Sison -- Wells Fargo Securities -- Analyst
Understood. Thank you.
Ed Breen -- Chief Executive Officer
Thanks, Mike.
Operator
And your next question comes from Arun Viswanathan from RBC Capital Markets. Please go ahead.
Arun Viswanathan -- RBC Capital Markets -- Analyst
Great. Thanks for taking my question. I guess I just had a longer-term question. So several years ago, your electronics business faced a lot of pressure in China around innovation and with the some Solamet paste product.
I know that's been disposed of. But do you see that kind of issues cropping up in any of your markets in the future? That would be my first question. Thanks.
Ed Breen -- Chief Executive Officer
No. I don't at all. There's nothing in the portfolio. Actually, not -- 95% of the portfolio is cutting-edge technology.
If you haven't had the chance, we did all the kitchens recently on the electronics business. I think we're in a very strong technology position, and we're constantly innovating. It's a fast-paced innovation in electronics, both -- we're innovating literally monthly coming out with new products in the marketplace. We're always on the cutting edge.
So I don't see that. I think what you were mentioning was Solamet based, which, yes, was more of a commoditized business that was current, but that's not where the portfolio is headed and certainly not in addition to the acquisitions with Laird and Rogers. They're very key positions we have in great technology plays.
Arun Viswanathan -- RBC Capital Markets -- Analyst
Thanks for confirming that. And then if I could, is there any update you could provide on any of the PFAS dynamics? Do you expect any kind of settlement by year-end with the water districts? Or what are you working on, on that side? Thanks.
Ed Breen -- Chief Executive Officer
Yes. No, we've been -- as we've mentioned before, we've been talking about settlement with the plaintiffs and mostly, obviously, around the water cases. And as I have mentioned a few minutes ago, the judge has even encouraged both parties to be talking to each other. I think that was made public, I don't know, a month or six weeks ago.
So hopefully, good progress this year.
Arun Viswanathan -- RBC Capital Markets -- Analyst
Thanks.
Ed Breen -- Chief Executive Officer
Thanks, Arun.
Operator
And the last question for today comes from Laurence Alexander from Jefferies. Please go ahead.
Laurence Alexander -- Jefferies -- Analyst
I guess a question about your degree of visibility. In terms of how customers are sharing development schedules and order books and the shift in DuPont's portfolio, how many quarters out do you feel you have good visibility at this point?
Lori Koch -- Chief Financial Officer
Yeah. I mean we do look at that to see how our order patterns are. I would say, on average, we have about 60 days visibility to orders that come in, in combination between E&I and W&P. It's a little bit longer in W&P than what it is in E&I.
But as we had mentioned earlier in the call, we look at a 20-day order pattern every week, and it has not changed in any significance for the past several months. And so we continue to see very strong underlying demand. Some of our backlog within the water space and within the adhesive space has started to build with the dynamics that we're navigating within the China COVID situation, but overall demand remains very, very strong.
Ed Breen -- Chief Executive Officer
And in part, I would just give you one other angle. Obviously, we look at very hard. And you sort of, I think, just made this comment. We work very closely with our customers on design wins.
By the way, as those Laird and Rogers, it's a very key component of business. So we can see -- again, we can't see overall demand out 6 months, but we can see where trends are developing where we're going to have nice lift in business. So as Lori just mentioned, our adhesives business, we are bidding on and working from a design in on a lot of applications in the battery and the auto -- next-generation auto market. And we know where we're getting wins or we're close to getting wins.
So that's something we track very, very closely to look at those trends, same within semiconductor, same within the water business. So that's important to us to look at also.
Operator
I will turn the call back over to Chris Mecray for closing remarks.
Chris Mecray -- Vice President, Investor Relations
All right. Thanks, everybody, for joining the call. And just for your reference, a copy of the transcript will be posted on our IR website shortly. This concludes our call.
Thanks again.
Operator
[Operator signoff]
Duration: 60 minutes
Call participants:
Chris Mecray -- Vice President, Investor Relations
Ed Breen -- Chief Executive Officer
Lori Koch -- Chief Financial Officer
Sam Yellen -- J.P. Morgan -- Analyst
Scott Davis -- Melius Research -- Analyst
Jeff Sprague -- Vertical Research Partners -- Analyst
John Walsh -- Credit Suisse -- Analyst
Chris Parkinson -- Mizuho Securities -- Analyst
Steve Byrne -- Bank of America Merrill Lynch -- Analyst
David Begleiter -- Deutsche Bank -- Analyst
Aleksey Yefremov -- KeyBanc Capital Markets -- Analyst
Josh Spector -- UBS -- Analyst
Vincent Andrews -- Morgan Stanley -- Analyst
Mike Sison -- Wells Fargo Securities -- Analyst
Arun Viswanathan -- RBC Capital Markets -- Analyst
Laurence Alexander -- Jefferies -- Analyst
More DD analysis
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This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
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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.
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Although underlying demand in key end markets such as electronics, industrial technologies, and water remains strong, we are seeing further supply chain constraints, primarily from additional government-mandated lockdowns in China, which will likely impact volume growth in the second quarter. DuPont de Nemours, Inc. (NYSE: DD) Q1 2022 Earnings Call May 03, 2022, 8:00 a.m. These gains more than offset other previously disclosed portfolio-related actions, weaker product mix in W&P, and additional tax Kapton start-up costs in E&I totaling $0.09 per share in the aggregate.
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Operator [Operator signoff] Duration: 60 minutes Call participants: Chris Mecray -- Vice President, Investor Relations Ed Breen -- Chief Executive Officer Lori Koch -- Chief Financial Officer Sam Yellen -- J.P. Morgan -- Analyst Scott Davis -- Melius Research -- Analyst Jeff Sprague -- Vertical Research Partners -- Analyst John Walsh -- Credit Suisse -- Analyst Chris Parkinson -- Mizuho Securities -- Analyst Steve Byrne -- Bank of America Merrill Lynch -- Analyst David Begleiter -- Deutsche Bank -- Analyst Aleksey Yefremov -- KeyBanc Capital Markets -- Analyst Josh Spector -- UBS -- Analyst Vincent Andrews -- Morgan Stanley -- Analyst Mike Sison -- Wells Fargo Securities -- Analyst Arun Viswanathan -- RBC Capital Markets -- Analyst Laurence Alexander -- Jefferies -- Analyst More DD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. DuPont de Nemours, Inc. (NYSE: DD) Q1 2022 Earnings Call May 03, 2022, 8:00 a.m. These gains more than offset other previously disclosed portfolio-related actions, weaker product mix in W&P, and additional tax Kapton start-up costs in E&I totaling $0.09 per share in the aggregate.
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Operator [Operator signoff] Duration: 60 minutes Call participants: Chris Mecray -- Vice President, Investor Relations Ed Breen -- Chief Executive Officer Lori Koch -- Chief Financial Officer Sam Yellen -- J.P. Morgan -- Analyst Scott Davis -- Melius Research -- Analyst Jeff Sprague -- Vertical Research Partners -- Analyst John Walsh -- Credit Suisse -- Analyst Chris Parkinson -- Mizuho Securities -- Analyst Steve Byrne -- Bank of America Merrill Lynch -- Analyst David Begleiter -- Deutsche Bank -- Analyst Aleksey Yefremov -- KeyBanc Capital Markets -- Analyst Josh Spector -- UBS -- Analyst Vincent Andrews -- Morgan Stanley -- Analyst Mike Sison -- Wells Fargo Securities -- Analyst Arun Viswanathan -- RBC Capital Markets -- Analyst Laurence Alexander -- Jefferies -- Analyst More DD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. DuPont de Nemours, Inc. (NYSE: DD) Q1 2022 Earnings Call May 03, 2022, 8:00 a.m. These gains more than offset other previously disclosed portfolio-related actions, weaker product mix in W&P, and additional tax Kapton start-up costs in E&I totaling $0.09 per share in the aggregate.
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Ed Breen -- Chief Executive Officer Ashley, I would just add to Lori's point, the first half to second half ramp, it is our typical seasonality. Operator [Operator signoff] Duration: 60 minutes Call participants: Chris Mecray -- Vice President, Investor Relations Ed Breen -- Chief Executive Officer Lori Koch -- Chief Financial Officer Sam Yellen -- J.P. Morgan -- Analyst Scott Davis -- Melius Research -- Analyst Jeff Sprague -- Vertical Research Partners -- Analyst John Walsh -- Credit Suisse -- Analyst Chris Parkinson -- Mizuho Securities -- Analyst Steve Byrne -- Bank of America Merrill Lynch -- Analyst David Begleiter -- Deutsche Bank -- Analyst Aleksey Yefremov -- KeyBanc Capital Markets -- Analyst Josh Spector -- UBS -- Analyst Vincent Andrews -- Morgan Stanley -- Analyst Mike Sison -- Wells Fargo Securities -- Analyst Arun Viswanathan -- RBC Capital Markets -- Analyst Laurence Alexander -- Jefferies -- Analyst More DD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. DuPont de Nemours, Inc. (NYSE: DD) Q1 2022 Earnings Call May 03, 2022, 8:00 a.m.
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f6ab85c3-31fa-48a0-9ab0-63805afcc364
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716017.0
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2022-05-03 00:00:00 UTC
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US STOCKS-Wall Street struggles for direction as Fed decision looms
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DD
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https://www.nasdaq.com/articles/us-stocks-wall-street-struggles-for-direction-as-fed-decision-looms
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nan
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nan
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By Devik Jain
May 3 (Reuters) - U.S. stock indexes were mixed on Tuesday as financial shares rose and megacap growth stocks slid, with investors bracing for a big interest rate hike by the Federal Reserve this week to tame surging prices.
Seven of the 11 major S&P sectors advanced in early trading with the financial .SPSY and energy .SPNY sectors up 0.8% and 1.5%, respectively.
Apple Inc AAPL.O, Meta Platforms FB.O, Microsoft Corp MSFT.O and Nvidia Corp NVDA.O fell between 0.3% and 0.4%, weighing on the S&P 500 and the Nasdaq indexes.
The U.S. central bank kicks off its two-day policy meeting on Tuesday, with traders seeing a 93.9% chance of a 50 basis points hike. Focus is squarely on Fed Chair Jerome Powell's press conference on Wednesday for comments on the future path of interest rates and balance sheet reduction.
"The outlook may be more important than what they do. The Fed is in a position where they're behind on inflation, so if things don't start to slow down they will have to move more aggressively," said Randy Hare, director of equity research at Huntington National Bank.
Uncertainty around Fed's policy move, mixed earnings from some Big Tech companies, the conflict in Ukraine and pandemic-related lockdowns in China hammered Wall Street in April.
The tech-heavy Nasdaq .IXIC slumped nearly 13.3% last month, its worst monthly performance since October 2008 as richly valued high growth stocks came under pressure from rising rates.
At 10:21 a.m. ET, the Dow Jones Industrial Average .DJI was down 10.24 points, or 0.03%, at 33,051.26, the S&P 500 .SPX was up 5.57 points, or 0.13%, at 4,160.95, and the Nasdaq Composite .IXIC was down 21.59 points, or 0.17%, at 12,514.43.
A slew of glum quarterly reports also weighed on sentiment.
Paramount Global PARA.O slid 4.8% as it missed revenue estimates, hurt by weaker TV advertising sales.
Estee Lauder Cos Inc EL.N slumped 5.6% after the cosmetics maker cut its full-year profit forecast due to fresh COVID-19 restrictions in China and the Russia-Ukraine crisis.
DuPont de Nemours DD.N was flat after the industrial materials maker forecast slower sales volume growth and sequential margin contraction in the current quarter.
Hilton Worldwide Holdings Inc HLT.N slid 4.6% after the hotel operator forecast a bleak full-year profit.
However, Western Digital Corp WDC.O jumped 11.9% after activist investor Elliott Investment Management urged the company to separate its Flash business and offered to invest $1 billion to facilitate a sale or a spin-off of the business.
Advancing issues outnumbered decliners for a 1.93-to-1 ratio on the NYSE and a 1.26-to-1 ratio on the Nasdaq.
The S&P index recorded one new 52-week high and 32 new lows, while the Nasdaq recorded 15 new highs and 91 new lows.
(Reporting by Devik Jain in Bengaluru; Editing by Sriraj Kalluvila and Shounak Dasgupta)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062))
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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DuPont de Nemours DD.N was flat after the industrial materials maker forecast slower sales volume growth and sequential margin contraction in the current quarter. Focus is squarely on Fed Chair Jerome Powell's press conference on Wednesday for comments on the future path of interest rates and balance sheet reduction. The Fed is in a position where they're behind on inflation, so if things don't start to slow down they will have to move more aggressively," said Randy Hare, director of equity research at Huntington National Bank.
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DuPont de Nemours DD.N was flat after the industrial materials maker forecast slower sales volume growth and sequential margin contraction in the current quarter. By Devik Jain May 3 (Reuters) - U.S. stock indexes were mixed on Tuesday as financial shares rose and megacap growth stocks slid, with investors bracing for a big interest rate hike by the Federal Reserve this week to tame surging prices. Uncertainty around Fed's policy move, mixed earnings from some Big Tech companies, the conflict in Ukraine and pandemic-related lockdowns in China hammered Wall Street in April.
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DuPont de Nemours DD.N was flat after the industrial materials maker forecast slower sales volume growth and sequential margin contraction in the current quarter. By Devik Jain May 3 (Reuters) - U.S. stock indexes were mixed on Tuesday as financial shares rose and megacap growth stocks slid, with investors bracing for a big interest rate hike by the Federal Reserve this week to tame surging prices. The tech-heavy Nasdaq .IXIC slumped nearly 13.3% last month, its worst monthly performance since October 2008 as richly valued high growth stocks came under pressure from rising rates.
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DuPont de Nemours DD.N was flat after the industrial materials maker forecast slower sales volume growth and sequential margin contraction in the current quarter. Seven of the 11 major S&P sectors advanced in early trading with the financial .SPSY and energy .SPNY sectors up 0.8% and 1.5%, respectively. Apple Inc AAPL.O, Meta Platforms FB.O, Microsoft Corp MSFT.O and Nvidia Corp NVDA.O fell between 0.3% and 0.4%, weighing on the S&P 500 and the Nasdaq indexes.
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05851790-141e-46c2-9478-64904032c70a
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716018.0
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2022-05-03 00:00:00 UTC
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US STOCKS-Wall Street eyes muted open as earnings disappoint, eyes on Fed
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DD
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https://www.nasdaq.com/articles/us-stocks-wall-street-eyes-muted-open-as-earnings-disappoint-eyes-on-fed
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nan
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nan
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By Devik Jain
May 3 (Reuters) - U.S. stock index futures were largely subdued on Tuesday after a slew of underwhelming earnings reports, while investors braced for a big interest rate hike by the Federal Reserve this week to tame surging prices.
Pfizer Inc PFE.N slipped 1.1% in premarket trading as the drugmaker maintained sales forecasts for its COVID-19 products for the first time since launching its coronavirus vaccine.
Paramount Global PARA.O slid 3.1% as it missed revenue estimates, hurt by weaker TV advertising sales.
Estee Lauder Cos Inc EL.N slumped 9.3% after the cosmetics maker cut its full-year profit forecast due to fresh COVID-19 restrictions in China and the Russia-Ukraine crisis.
The U.S. central bank kicks off its two-day policy meeting on Tuesday, with traders seeing a 93.9% chance of a 50 basis points hike. Focus is squarely on Fed Chair Jerome Powell's press conference on Wednesday for comments on the future path of interest rates and balance sheet reduction.
"The outlook may be more important than what they do. The Fed is in a position where they're behind on inflation, so if things don't start to slow down they will have to move more aggressively," said Randy Hare, director of equity research at Huntington National Bank.
The benchmark 10-year Treasury yield US10YT=RR hovered at 3%, having pushed above the key psychological level on Monday for the first time since late 2018. US/
Uncertainty around Fed's policy move, mixed earnings from some Big Tech companies, the conflict in Ukraine and pandemic-related lockdowns in China hammered Wall Street in April.
The tech-heavy Nasdaq .IXIC slumped nearly 13.3% last month, its worst monthly performance since October 2008 as richly valued high growth stocks came under pressure from rising rates.
Barring Amazon.com AMZN.O, megacap growth stocks such as Tesla Inc TSLA.O and Meta Platforms FB.O edged higher.
JP Morgan Chase & Co JPM.N rose 0.5% to lead gains among the big banks.
At 8:29 a.m. ET, Dow e-minis 1YMcv1 remained unchanged, S&P 500 e-minis EScv1 were up 1.25 points, or 0.03%, and Nasdaq 100 e-minis NQcv1 were up 8.25 points, or 0.06%.
DuPont de Nemours DD.N fell 1.8% after the industrial materials maker cut its annual sales and earnings forecast to reflect higher raw material and logistics costs.
Western Digital Corp WDC.O jumped 10.1% after activist investor Elliott Investment Management urged the company to separate its Flash business and offered to invest $1 billion to facilitate a sale or a spin-off of the business.
(Reporting by Devik Jain in Bengaluru; Editing by Sriraj Kalluvila and Shounak Dasgupta)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062))
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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DuPont de Nemours DD.N fell 1.8% after the industrial materials maker cut its annual sales and earnings forecast to reflect higher raw material and logistics costs. By Devik Jain May 3 (Reuters) - U.S. stock index futures were largely subdued on Tuesday after a slew of underwhelming earnings reports, while investors braced for a big interest rate hike by the Federal Reserve this week to tame surging prices. Focus is squarely on Fed Chair Jerome Powell's press conference on Wednesday for comments on the future path of interest rates and balance sheet reduction.
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DuPont de Nemours DD.N fell 1.8% after the industrial materials maker cut its annual sales and earnings forecast to reflect higher raw material and logistics costs. By Devik Jain May 3 (Reuters) - U.S. stock index futures were largely subdued on Tuesday after a slew of underwhelming earnings reports, while investors braced for a big interest rate hike by the Federal Reserve this week to tame surging prices. US/ Uncertainty around Fed's policy move, mixed earnings from some Big Tech companies, the conflict in Ukraine and pandemic-related lockdowns in China hammered Wall Street in April.
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DuPont de Nemours DD.N fell 1.8% after the industrial materials maker cut its annual sales and earnings forecast to reflect higher raw material and logistics costs. By Devik Jain May 3 (Reuters) - U.S. stock index futures were largely subdued on Tuesday after a slew of underwhelming earnings reports, while investors braced for a big interest rate hike by the Federal Reserve this week to tame surging prices. Western Digital Corp WDC.O jumped 10.1% after activist investor Elliott Investment Management urged the company to separate its Flash business and offered to invest $1 billion to facilitate a sale or a spin-off of the business.
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DuPont de Nemours DD.N fell 1.8% after the industrial materials maker cut its annual sales and earnings forecast to reflect higher raw material and logistics costs. By Devik Jain May 3 (Reuters) - U.S. stock index futures were largely subdued on Tuesday after a slew of underwhelming earnings reports, while investors braced for a big interest rate hike by the Federal Reserve this week to tame surging prices. Pfizer Inc PFE.N slipped 1.1% in premarket trading as the drugmaker maintained sales forecasts for its COVID-19 products for the first time since launching its coronavirus vaccine.
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a2f3f008-b2bc-4499-bc0b-fee1a5ef5be5
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716019.0
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2022-05-03 00:00:00 UTC
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DuPont profit falls on higher material costs
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DD
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https://www.nasdaq.com/articles/dupont-profit-falls-on-higher-material-costs
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nan
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Adds CEO comment, segment sales
May 3 (Reuters) - Industrial materials maker DuPont de Nemours DD.N reported a fall in first-quarter profit on Tuesday, hurt by headwinds related to raw material and logistic costs.
The profit declined despite the company hiking prices of its products by 6% in the quarter to offset higher inflationary costs from raw materials, logistics and energy.
"We anticipate key external uncertainties in the macro environment, namely COVID-related shutdowns in China, will further tighten supply chains resulting in slower volume growth and sequential margin contraction in the second quarter 2022", Chief Executive Officer Ed Breen said in a statement.
DuPont said sales in electronics and industrial, one of its highest revenue generating segments, rose 18% to $1.54 billion. The company makes electronic materials used in chip packaging, mobile devices and autonomous vehicles.
The company's adjusted net income fell to $420 million, or 82 cents per share, in the three months ended March. 31, from $421 million, or 69 cents per share, a year earlier.
(Reporting by Rithika Krishna in Bengaluru; Editing by Shinjini Ganguli)
((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;))
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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Adds CEO comment, segment sales May 3 (Reuters) - Industrial materials maker DuPont de Nemours DD.N reported a fall in first-quarter profit on Tuesday, hurt by headwinds related to raw material and logistic costs. The profit declined despite the company hiking prices of its products by 6% in the quarter to offset higher inflationary costs from raw materials, logistics and energy. "We anticipate key external uncertainties in the macro environment, namely COVID-related shutdowns in China, will further tighten supply chains resulting in slower volume growth and sequential margin contraction in the second quarter 2022", Chief Executive Officer Ed Breen said in a statement.
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Adds CEO comment, segment sales May 3 (Reuters) - Industrial materials maker DuPont de Nemours DD.N reported a fall in first-quarter profit on Tuesday, hurt by headwinds related to raw material and logistic costs. The profit declined despite the company hiking prices of its products by 6% in the quarter to offset higher inflationary costs from raw materials, logistics and energy. DuPont said sales in electronics and industrial, one of its highest revenue generating segments, rose 18% to $1.54 billion.
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Adds CEO comment, segment sales May 3 (Reuters) - Industrial materials maker DuPont de Nemours DD.N reported a fall in first-quarter profit on Tuesday, hurt by headwinds related to raw material and logistic costs. The profit declined despite the company hiking prices of its products by 6% in the quarter to offset higher inflationary costs from raw materials, logistics and energy. The company's adjusted net income fell to $420 million, or 82 cents per share, in the three months ended March.
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Adds CEO comment, segment sales May 3 (Reuters) - Industrial materials maker DuPont de Nemours DD.N reported a fall in first-quarter profit on Tuesday, hurt by headwinds related to raw material and logistic costs. "We anticipate key external uncertainties in the macro environment, namely COVID-related shutdowns in China, will further tighten supply chains resulting in slower volume growth and sequential margin contraction in the second quarter 2022", Chief Executive Officer Ed Breen said in a statement. The company makes electronic materials used in chip packaging, mobile devices and autonomous vehicles.
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a08cf861-ba6f-412b-8da8-7b6c765f35e2
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716020.0
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2022-05-03 00:00:00 UTC
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EI DuPont De Nemours & Co. Q1 Income Drops
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DD
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https://www.nasdaq.com/articles/ei-dupont-de-nemours-co.-q1-income-drops
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nan
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(RTTNews) - EI DuPont De Nemours & Co. (DD) released a profit for first quarter that decreased from the same period last year
The company's earnings totaled $488 million, or $0.95 per share. This compares with $5.39 billion, or $8.90 per share, in last year's first quarter.
Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $420 million or $0.82 per share for the period.
The company's revenue for the quarter rose 8.3% to $3.27 billion from $3.02 billion last year.
EI DuPont De Nemours & Co. earnings at a glance (GAAP) :
-Earnings (Q1): $488 Mln. vs. $5.39 Bln. last year. -EPS (Q1): $0.95 vs. $8.90 last year. -Revenue (Q1): $3.27 Bln vs. $3.02 Bln last year.
-Guidance: Next quarter EPS guidance: $0.70 - $0.80 Next quarter revenue guidance: $3,200 - $3,300 Mln Full year EPS guidance: $3.20 - $3.50 Full year revenue guidance: $13,300 -$13,700 Mln
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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(RTTNews) - EI DuPont De Nemours & Co. (DD) released a profit for first quarter that decreased from the same period last year The company's earnings totaled $488 million, or $0.95 per share. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $420 million or $0.82 per share for the period. EI DuPont De Nemours & Co. earnings at a glance (GAAP) : -Earnings (Q1): $488 Mln.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) released a profit for first quarter that decreased from the same period last year The company's earnings totaled $488 million, or $0.95 per share. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $420 million or $0.82 per share for the period. EI DuPont De Nemours & Co. earnings at a glance (GAAP) : -Earnings (Q1): $488 Mln.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) released a profit for first quarter that decreased from the same period last year The company's earnings totaled $488 million, or $0.95 per share. -Revenue (Q1): $3.27 Bln vs. $3.02 Bln last year. -Guidance: Next quarter EPS guidance: $0.70 - $0.80 Next quarter revenue guidance: $3,200 - $3,300 Mln Full year EPS guidance: $3.20 - $3.50 Full year revenue guidance: $13,300 -$13,700 Mln 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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(RTTNews) - EI DuPont De Nemours & Co. (DD) released a profit for first quarter that decreased from the same period last year The company's earnings totaled $488 million, or $0.95 per share. The company's revenue for the quarter rose 8.3% to $3.27 billion from $3.02 billion last year. vs. $5.39 Bln.
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9088f74e-d7d6-4472-bb04-496c0ca7c302
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716021.0
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2022-05-03 00:00:00 UTC
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EI DuPont De Nemours & Co. Q1 22 Earnings Conference Call At 8:00 AM ET
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DD
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https://www.nasdaq.com/articles/ei-dupont-de-nemours-co.-q1-22-earnings-conference-call-at-8%3A00-am-et
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nan
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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on May 3, 2022, to discuss Q1 22 earnings results.
To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx
To Participate in the call, dial (888) 440-4172 (US) or +1(646) 960-0673 (Inernational)
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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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on May 3, 2022, to discuss Q1 22 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx To Participate in the call, dial (888) 440-4172 (US) or +1(646) 960-0673 (Inernational) 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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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on May 3, 2022, to discuss Q1 22 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx To Participate in the call, dial (888) 440-4172 (US) or +1(646) 960-0673 (Inernational) 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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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on May 3, 2022, to discuss Q1 22 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx To Participate in the call, dial (888) 440-4172 (US) or +1(646) 960-0673 (Inernational) 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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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on May 3, 2022, to discuss Q1 22 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx To Participate in the call, dial (888) 440-4172 (US) or +1(646) 960-0673 (Inernational) 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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77a09e1d-705f-4a69-a136-02ccf9460a71
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716022.0
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2022-05-03 00:00:00 UTC
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US STOCKS-Futures slip as earnings disappoint, eyes on Fed
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DD
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https://www.nasdaq.com/articles/us-stocks-futures-slip-as-earnings-disappoint-eyes-on-fed
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Futures down: Dow 0.39%, S&P 0.40%, Nasdaq 0.41%
May 3 (Reuters) - U.S. stock index futures fell on Tuesday after a slew of underwhelming earnings reports, while investors braced for a big interest rate hike by the Federal Reserve this week to tame surging prices.
Pfizer Inc PFE.N slipped 0.7% in premarket trading as the drugmaker stuck to its annual sales forecasts for its COVID-19 vaccine and antiviral pill Paxlovid.
Estee Lauder Cos Inc EL.N slumped 9.5% after the cosmetics maker cut its full-year sales forecast on fresh coronavirus restrictions in China and the crisis in Ukraine.
Meanwhile, the U.S. central bank kicks off its two-day policy meeting later on Tuesday, with traders seeing a 93.9% chance of 50 basis points hike. Focus is squarely on Fed Chair Jerome Powell's press conference on Wednesday for comments on the future path of interest rates and balance sheet reduction.
The benchmark 10-year Treasury yield US10YT=RR hovered at 3%, having pushed above the key psychological level on Monday for the first time since late 2018. US/
Uncertainty around Fed's policy move, mixed earnings from some Big Tech companies, the Russia-Ukraine crisis and the pandemic-related lockdown in China hammered Wall Street in April.
The tech-heavy Nasdaq .IXIC slumped nearly 13.3% last month, its worst monthly performance since October 2008 as richly-valued high growth stocks came under pressure from rising rates.
Amazon.com AMZN.O fell 0.9% in premarket trading on Tuesday, leading losses among megcap growth stocks.
Russian President Vladimir Putin has signed a decree on retaliatory economic sanctions against the West that will forbid the export of products and raw materials to people and entities that it has sanctioned.
At 07:16 a.m. ET, Dow e-minis 1YMcv1 were down 130 points, or 0.39%, S&P 500 e-minis EScv1 were down 16.5 points, or 0.4%, and Nasdaq 100 e-minis NQcv1 were down 53.25 points, or 0.41%.
Biogen Inc BIIB.O dipped 3.0% after it reported a 26% fall in quarterly profit and said its Chief Executive Officer Michel Vounatsos will step down.
DuPont de Nemours DD.N fell 2.9% after the industrial materials maker cut its annual sales and earnings forecast to reflect higher raw material and logistics costs.
(Reporting by Devik Jain in Bengaluru; Editing by Sriraj Kalluvila)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))
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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DuPont de Nemours DD.N fell 2.9% after the industrial materials maker cut its annual sales and earnings forecast to reflect higher raw material and logistics costs. Estee Lauder Cos Inc EL.N slumped 9.5% after the cosmetics maker cut its full-year sales forecast on fresh coronavirus restrictions in China and the crisis in Ukraine. Focus is squarely on Fed Chair Jerome Powell's press conference on Wednesday for comments on the future path of interest rates and balance sheet reduction.
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DuPont de Nemours DD.N fell 2.9% after the industrial materials maker cut its annual sales and earnings forecast to reflect higher raw material and logistics costs. Futures down: Dow 0.39%, S&P 0.40%, Nasdaq 0.41% May 3 (Reuters) - U.S. stock index futures fell on Tuesday after a slew of underwhelming earnings reports, while investors braced for a big interest rate hike by the Federal Reserve this week to tame surging prices. ET, Dow e-minis 1YMcv1 were down 130 points, or 0.39%, S&P 500 e-minis EScv1 were down 16.5 points, or 0.4%, and Nasdaq 100 e-minis NQcv1 were down 53.25 points, or 0.41%.
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DuPont de Nemours DD.N fell 2.9% after the industrial materials maker cut its annual sales and earnings forecast to reflect higher raw material and logistics costs. Futures down: Dow 0.39%, S&P 0.40%, Nasdaq 0.41% May 3 (Reuters) - U.S. stock index futures fell on Tuesday after a slew of underwhelming earnings reports, while investors braced for a big interest rate hike by the Federal Reserve this week to tame surging prices. ET, Dow e-minis 1YMcv1 were down 130 points, or 0.39%, S&P 500 e-minis EScv1 were down 16.5 points, or 0.4%, and Nasdaq 100 e-minis NQcv1 were down 53.25 points, or 0.41%.
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DuPont de Nemours DD.N fell 2.9% after the industrial materials maker cut its annual sales and earnings forecast to reflect higher raw material and logistics costs. Futures down: Dow 0.39%, S&P 0.40%, Nasdaq 0.41% May 3 (Reuters) - U.S. stock index futures fell on Tuesday after a slew of underwhelming earnings reports, while investors braced for a big interest rate hike by the Federal Reserve this week to tame surging prices. Amazon.com AMZN.O fell 0.9% in premarket trading on Tuesday, leading losses among megcap growth stocks.
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5f2579d9-45d4-4430-bfee-2fa0a3426713
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716023.0
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2022-05-02 00:00:00 UTC
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Pre-Market Earnings Report for May 3, 2022 : PFE, SPGI, ITW, EL, FIS, ETN, MPC, TRI, HLT, PEG, DD, MPLX
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DD
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https://www.nasdaq.com/articles/pre-market-earnings-report-for-may-3-2022-%3A-pfe-spgi-itw-el-fis-etn-mpc-tri-hlt-peg-dd
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nan
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nan
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The following companies are expected to report earnings prior to market open on 05/03/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Pfizer, Inc. (PFE)is reporting for the quarter ending March 31, 2022. The large cap pharmaceutical company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.66. This value represents a 78.49% increase compared to the same quarter last year. In the past year PFE has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 27.06%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for PFE is 6.76 vs. an industry ratio of 15.60.
S&P Global Inc. (SPGI)is reporting for the quarter ending March 31, 2022. The business info service company's consensus earnings per share forecast from the 6 analysts that follow the stock is $2.99. This value represents a 11.80% decrease compared to the same quarter last year. In the past year SPGI has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 0.64%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for SPGI is 28.29 vs. an industry ratio of 19.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Illinois Tool Works Inc. (ITW)is reporting for the quarter ending March 31, 2022. The machinery company's consensus earnings per share forecast from the 7 analysts that follow the stock is $2.07. This value represents a 1.90% decrease compared to the same quarter last year. ITW missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -0.98%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ITW is 21.64 vs. an industry ratio of 13.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Estee Lauder Companies, Inc. (EL)is reporting for the quarter ending March 31, 2022. The cosmetic & toiletries company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.66. This value represents a 2.47% increase compared to the same quarter last year. In the past year EL has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 14.45%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for EL is 35.07 vs. an industry ratio of 38.20.
Fidelity National Information Services, Inc. (FIS)is reporting for the quarter ending March 31, 2022. The financial transactions company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.46. This value represents a 12.31% increase compared to the same quarter last year. In the past year FIS has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 1.59%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for FIS is 13.58 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Eaton Corporation, PLC (ETN)is reporting for the quarter ending March 31, 2022. The machinery company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.60. This value represents a 11.11% increase compared to the same quarter last year. In the past year ETN has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 0.58%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ETN is 19.41 vs. an industry ratio of 11.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Marathon Petroleum Corporation (MPC)is reporting for the quarter ending March 31, 2022. The oil refining company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.12. This value represents a 660.00% increase compared to the same quarter last year. In the past year MPC has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 176.6%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for MPC is 11.44 vs. an industry ratio of 11.80.
Thomson Reuters Corp (TRI)is reporting for the quarter ending March 31, 2022. The technology services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.64. This value represents a 10.34% increase compared to the same quarter last year. TRI missed the consensus earnings per share in the 4th calendar quarter of 2021 by -6.52%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for TRI is 41.14 vs. an industry ratio of -2.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Hilton Worldwide Holdings Inc. (HLT)is reporting for the quarter ending March 31, 2022. The hotel company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.59. This value represents a 2850.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for HLT is 39.12 vs. an industry ratio of -44.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Public Service Enterprise Group Incorporated (PEG)is reporting for the quarter ending March 31, 2022. The electric power utilities company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.07. This value represents a 16.41% decrease compared to the same quarter last year. In the past year PEG has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2022 Price to Earnings ratio for PEG is 19.85 vs. an industry ratio of 15.40, implying that they will have a higher earnings growth than their competitors in the same industry.
DuPont de Nemours, Inc. (DD)is reporting for the quarter ending March 31, 2022. The chemical company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.67. This value represents a 26.37% decrease compared to the same quarter last year. In the past year DD has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 6.93%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DD is 19.51 vs. an industry ratio of 16.00, implying that they will have a higher earnings growth than their competitors in the same industry.
MPLX LP (MPLX)is reporting for the quarter ending March 31, 2022. The oil (production/pipeline) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.77. This value represents a 13.24% increase compared to the same quarter last year. In the past year MPLX has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2022 Price to Earnings ratio for MPLX is 10.05 vs. an industry ratio of 14.50.
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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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending March 31, 2022. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DD is 19.51 vs. an industry ratio of 16.00, implying that they will have a higher earnings growth than their competitors in the same industry.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending March 31, 2022. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DD is 19.51 vs. an industry ratio of 16.00, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2022 Price to Earnings ratio for DD is 19.51 vs. an industry ratio of 16.00, implying that they will have a higher earnings growth than their competitors in the same industry. DuPont de Nemours, Inc. (DD)is reporting for the quarter ending March 31, 2022. In the past year DD has beat the expectations every quarter.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending March 31, 2022. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DD is 19.51 vs. an industry ratio of 16.00, implying that they will have a higher earnings growth than their competitors in the same industry.
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33dc857d-e428-43bb-b0d7-46ef449aed15
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716024.0
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2022-04-29 00:00:00 UTC
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DuPont (DD) Gears Up for Q1 Earnings: What's in the Offing?
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DD
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https://www.nasdaq.com/articles/dupont-dd-gears-up-for-q1-earnings%3A-whats-in-the-offing
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nan
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nan
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DuPont de Nemours, Inc. DD is scheduled to come up with first-quarter 2022 results, before the opening bell on May 3. Benefits of strong demand and cost-saving and productivity actions are expected to get reflected on the company’s results. However, its results are likely to reflect the impacts of raw material cost inflation and challenges in the automotive market due to the semiconductor shortage.
The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of around 10.1%, on average. It posted an earnings surprise of 6.9% in the last reported quarter.
DuPont’s shares have lost 12.4% over a year compared with 5% decline recorded by the industry it belongs to.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What do the Estimates Say?
The Zacks Consensus Estimate for revenues for the first quarter for DuPont is currently pinned at $3,219 million, suggesting an expected year-over-year decline of 19.4%.
Some Factors to Watch For
The company is expected to have benefited from sustained strong global demand in semiconductors. Strong demand in the water market and sustained improvement in global industrial end-markets are also likely to have supported its performance.
DuPont is also likely to have benefited from its cost and productivity actions in the quarter to be reported. Its structural cost actions are likely to have contributed to its bottom line in the quarter.
The company is likely to have gained from its pricing actions. It continues to implement strategic price increases to offset the cost inflation. These actions are likely to have supported its results in the March quarter.
However, the company is likely to have faced challenges from higher raw material and logistics costs in the first quarter. Supply constraints for major raw materials are expected to have continued in the March quarter, affecting the company’s volumes and margins. Higher manufacturing costs due to logistics cost headwinds and the Omicron variant are also expected to have weighed on its first-quarter margins.
DuPont is also expected to have witnessed volume pressure due to the softness in the automotive market resulting from the global semiconductor shortages. The chip shortage is likely to have delayed the automotive production in the first quarter. Weaker automotive production is expected to have affected DuPont’s Mobility & Materials unit in the quarter.
DuPont de Nemours, Inc. Price and EPS Surprise
DuPont de Nemours, Inc. price-eps-surprise | DuPont de Nemours, Inc. Quote
Zacks Model
Our proven model does not conclusively predict an earnings beat for DuPont this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for DuPont is +0.35%. The Zacks Consensus Estimate for earnings for the first quarter is currently pegged at 67 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: DuPont currently carries a Zacks Rank #5 (Strong Sell).
Stocks That Warrant a Look
Here are some companies in the basic materials space you may want to consider as our model shows these have the right combination of elements to post an earnings beat this quarter:
Allegheny Technologies Incorporated ATI, scheduled to release earnings on May 4, has an Earnings ESP of +4.55% and carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Allegheny’s first-quarter earnings has been revised 4.8% upward over the past 60 days. The Zacks Consensus Estimate for ATI’s earnings for the quarter is currently pegged at 22 cents.
Westlake Corporation WLK, slated to release earnings on May 3, has an Earnings ESP of +17.30% and carries a Zacks Rank #2.
The Zacks Consensus Estimate for Westlake's first-quarter earnings has been revised 22.1% upward over the past 60 days. The consensus estimate for WLK’s earnings for the quarter is currently pegged at $4.53.
The Chemours Company CC, scheduled to release earnings on May 2, has an Earnings ESP of +3.83% and carries a Zacks Rank #3.
The Zacks Consensus Estimate for Chemours’ first-quarter earnings has been revised 2.2% upward in the past 60 days. The consensus estimate for CC’s earnings for the quarter is currently pegged at 92 cents.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Westlake Corp. (WLK): Free Stock Analysis Report
Allegheny Technologies Incorporated (ATI): Free Stock Analysis Report
DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
The Chemours Company (CC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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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DuPont de Nemours, Inc. DD is scheduled to come up with first-quarter 2022 results, before the opening bell on May 3. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report However, its results are likely to reflect the impacts of raw material cost inflation and challenges in the automotive market due to the semiconductor shortage.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont de Nemours, Inc. DD is scheduled to come up with first-quarter 2022 results, before the opening bell on May 3. DuPont de Nemours, Inc. Price and EPS Surprise DuPont de Nemours, Inc. price-eps-surprise | DuPont de Nemours, Inc. Quote Zacks Model Our proven model does not conclusively predict an earnings beat for DuPont this season.
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DuPont de Nemours, Inc. DD is scheduled to come up with first-quarter 2022 results, before the opening bell on May 3. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont de Nemours, Inc. Price and EPS Surprise DuPont de Nemours, Inc. price-eps-surprise | DuPont de Nemours, Inc. Quote Zacks Model Our proven model does not conclusively predict an earnings beat for DuPont this season.
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DuPont de Nemours, Inc. DD is scheduled to come up with first-quarter 2022 results, before the opening bell on May 3. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report It posted an earnings surprise of 6.9% in the last reported quarter.
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664ff99f-8821-4a64-ab7e-9c2deefbbe9c
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716025.0
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2022-04-26 00:00:00 UTC
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Earnings Preview: DuPont de Nemours (DD) Q1 Earnings Expected to Decline
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DD
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https://www.nasdaq.com/articles/earnings-preview%3A-dupont-de-nemours-dd-q1-earnings-expected-to-decline-0
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nan
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Wall Street expects a year-over-year decline in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended March 2022. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 3, 2022, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This specialty chemicals maker is expected to post quarterly earnings of $0.67 per share in its upcoming report, which represents a year-over-year change of -26.4%.
Revenues are expected to be $3.22 billion, down 19% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 30% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for DuPont de Nemours?
For DuPont de Nemours, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.35%.
On the other hand, the stock currently carries a Zacks Rank of #5.
So, this combination makes it difficult to conclusively predict that DuPont de Nemours will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that DuPont de Nemours would post earnings of $1.01 per share when it actually produced earnings of $1.08, delivering a surprise of +6.93%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
DuPont de Nemours doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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Wall Street expects a year-over-year decline in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended March 2022. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
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Wall Street expects a year-over-year decline in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended March 2022. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
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Wall Street expects a year-over-year decline in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended March 2022. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
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Wall Street expects a year-over-year decline in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended March 2022. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
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c42d4ef7-5be8-4bcc-a98e-e60b4d2a2d73
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716026.0
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2022-04-26 00:00:00 UTC
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Earnings Preview: DuPont de Nemours (DD) Q1 Earnings Expected to Decline
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DD
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https://www.nasdaq.com/articles/earnings-preview%3A-dupont-de-nemours-dd-q1-earnings-expected-to-decline
|
nan
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nan
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Wall Street expects a year-over-year decline in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended March 2022. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 3, 2022, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This specialty chemicals maker is expected to post quarterly earnings of $0.67 per share in its upcoming report, which represents a year-over-year change of -26.4%.
Revenues are expected to be $3.22 billion, down 19% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 30% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for DuPont de Nemours?
For DuPont de Nemours, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.35%.
On the other hand, the stock currently carries a Zacks Rank of #5.
So, this combination makes it difficult to conclusively predict that DuPont de Nemours will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that DuPont de Nemours would post earnings of $1.01 per share when it actually produced earnings of $1.08, delivering a surprise of +6.93%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
DuPont de Nemours doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Wall Street expects a year-over-year decline in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended March 2022. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
|
Wall Street expects a year-over-year decline in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended March 2022. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
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Wall Street expects a year-over-year decline in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended March 2022. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
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Wall Street expects a year-over-year decline in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended March 2022. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
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4f1069b7-bef2-4d1b-bf18-402fafb099fe
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716027.0
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2022-04-25 00:00:00 UTC
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DuPont (DD) Shares Cross 2% Yield Mark
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DD
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https://www.nasdaq.com/articles/dupont-dd-shares-cross-2-yield-mark
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of DuPont (Symbol: DD) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $65.56 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the S&P 500 ETF (SPY) back on 12/31/1999 — you would have paid $146.88 per share. Fast forward to 12/31/2012 and each share was worth $142.41 on that date, a decrease of $4.67/share over all those years. But now consider that you collected a whopping $25.98 per share in dividends over the same period, for a positive total return of 23.36%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.6%; so by comparison collecting a yield above 2% would appear considerably attractive if that yield is sustainable. DuPont (Symbol: DD) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of DuPont, looking at the history chart for DD below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
Click here to find out which 9 other dividend stocks just recently went on sale »
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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Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of DuPont (Symbol: DD) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $65.56 on the day. DuPont (Symbol: DD) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. In the case of DuPont, looking at the history chart for DD below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of DuPont (Symbol: DD) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $65.56 on the day. DuPont (Symbol: DD) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. In the case of DuPont, looking at the history chart for DD below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of DuPont (Symbol: DD) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $65.56 on the day. DuPont (Symbol: DD) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. In the case of DuPont, looking at the history chart for DD below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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DuPont (Symbol: DD) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of DuPont (Symbol: DD) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $65.56 on the day. In the case of DuPont, looking at the history chart for DD below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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da090b7f-6ecf-4dfb-8820-744bde1fe865
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716028.0
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2022-04-22 00:00:00 UTC
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Daily Dividend Report: SLB,DD,ED,FIS,IDA
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DD
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https://www.nasdaq.com/articles/daily-dividend-report%3A-slbddedfisida
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nan
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nan
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On April 21, 2022, Schlumberger's Board of Directors approved a 40% increase in the quarterly cash dividend from $0.125 per share of outstanding common stock to $0.175 per share, beginning with the dividend payable on July 14, 2022, to stockholders of record on June 1, 2022.
DuPont today announced that its Board of Directors has declared a second quarter dividend of thirty-three cents per share on the outstanding Common Stock of the Company payable on June 15, 2022, to holders of record of said stock at the close of business on May 31, 2022.
Consolidated Edison declared a quarterly dividend of 79 cents a share on its common stock, payable June 15, 2022 to stockholders of record as of May 18, 2022.
FIS, a global leader in financial services technology, announced today a regular quarterly dividend of $0.47 per common share. The dividend is payable on June 24, 2022, to shareholders of record as of close of business on June 10, 2022.
Directors of IDACORP today declared a common stock dividend of $0.75 per share, payable May 31, 2022 to holders of record at the close of business on May 3, 2022.
VIDEO: Daily Dividend Report: SLB,DD,ED,FIS,IDA
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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VIDEO: Daily Dividend Report: SLB,DD,ED,FIS,IDA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Consolidated Edison declared a quarterly dividend of 79 cents a share on its common stock, payable June 15, 2022 to stockholders of record as of May 18, 2022. FIS, a global leader in financial services technology, announced today a regular quarterly dividend of $0.47 per common share.
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VIDEO: Daily Dividend Report: SLB,DD,ED,FIS,IDA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. DuPont today announced that its Board of Directors has declared a second quarter dividend of thirty-three cents per share on the outstanding Common Stock of the Company payable on June 15, 2022, to holders of record of said stock at the close of business on May 31, 2022. Consolidated Edison declared a quarterly dividend of 79 cents a share on its common stock, payable June 15, 2022 to stockholders of record as of May 18, 2022.
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VIDEO: Daily Dividend Report: SLB,DD,ED,FIS,IDA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. On April 21, 2022, Schlumberger's Board of Directors approved a 40% increase in the quarterly cash dividend from $0.125 per share of outstanding common stock to $0.175 per share, beginning with the dividend payable on July 14, 2022, to stockholders of record on June 1, 2022. DuPont today announced that its Board of Directors has declared a second quarter dividend of thirty-three cents per share on the outstanding Common Stock of the Company payable on June 15, 2022, to holders of record of said stock at the close of business on May 31, 2022.
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VIDEO: Daily Dividend Report: SLB,DD,ED,FIS,IDA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. DuPont today announced that its Board of Directors has declared a second quarter dividend of thirty-three cents per share on the outstanding Common Stock of the Company payable on June 15, 2022, to holders of record of said stock at the close of business on May 31, 2022. Consolidated Edison declared a quarterly dividend of 79 cents a share on its common stock, payable June 15, 2022 to stockholders of record as of May 18, 2022.
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41be60f6-4614-4e55-ade4-c4bdf467d1c8
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716029.0
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2022-04-21 00:00:00 UTC
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June 3rd Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/june-3rd-options-now-available-for-dupont-dd
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nan
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nan
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Investors in DuPont (Symbol: DD) saw new options become available today, for the June 3rd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new June 3rd contracts and identified one put and one call contract of particular interest.
The put contract at the $71.00 strike price has a current bid of 90 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $71.00, but will also collect the premium, putting the cost basis of the shares at $70.10 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $71.47/share today.
Because the $71.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 1.27% return on the cash commitment, or 10.76% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $71.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $74.00 strike price has a current bid of $1.15. If an investor was to purchase shares of DD stock at the current price level of $71.47/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $74.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.15% if the stock gets called away at the June 3rd expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $74.00 strike highlighted in red:
Considering the fact that the $74.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 1.61% boost of extra return to the investor, or 13.66% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $71.47) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $74.00 strike highlighted in red: Considering the fact that the $74.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $74.00 strike highlighted in red: Considering the fact that the $74.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options become available today, for the June 3rd expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $74.00 strike highlighted in red: Considering the fact that the $74.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new June 3rd contracts and identified one put and one call contract of particular interest. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $74.00 strike highlighted in red: Considering the fact that the $74.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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6444fa22-03e1-4850-9f3a-5c85029033b3
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716030.0
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2022-04-18 00:00:00 UTC
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Implied SPVU Analyst Target Price: $51
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DD
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https://www.nasdaq.com/articles/implied-spvu-analyst-target-price%3A-%2451
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco S&P 500— Enhanced Value ETF (Symbol: SPVU), we found that the implied analyst target price for the ETF based upon its underlying holdings is $51.34 per unit.
With SPVU trading at a recent price near $44.90 per unit, that means that analysts see 14.34% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of SPVU's underlying holdings with notable upside to their analyst target prices are State Street Corp. (Symbol: STT), DuPont de Nemours Inc (Symbol: DD), and Laboratory Corporation of America Holdings (Symbol: LH). Although STT has traded at a recent price of $75.81/share, the average analyst target is 43.60% higher at $108.86/share. Similarly, DD has 37.07% upside from the recent share price of $68.70 if the average analyst target price of $94.17/share is reached, and analysts on average are expecting LH to reach a target price of $343.50/share, which is 27.68% above the recent price of $269.04. Below is a twelve month price history chart comparing the stock performance of STT, DD, and LH:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Invesco S&P 500— Enhanced Value ETF SPVU $44.90 $51.34 14.34%
State Street Corp. STT $75.81 $108.86 43.60%
DuPont de Nemours Inc DD $68.70 $94.17 37.07%
Laboratory Corporation of America Holdings LH $269.04 $343.50 27.68%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
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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Invesco S&P 500— Enhanced Value ETF SPVU $44.90 $51.34 14.34% State Street Corp. STT $75.81 $108.86 43.60% DuPont de Nemours Inc DD $68.70 $94.17 37.07% Laboratory Corporation of America Holdings LH $269.04 $343.50 27.68% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of SPVU's underlying holdings with notable upside to their analyst target prices are State Street Corp. (Symbol: STT), DuPont de Nemours Inc (Symbol: DD), and Laboratory Corporation of America Holdings (Symbol: LH). Similarly, DD has 37.07% upside from the recent share price of $68.70 if the average analyst target price of $94.17/share is reached, and analysts on average are expecting LH to reach a target price of $343.50/share, which is 27.68% above the recent price of $269.04.
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Three of SPVU's underlying holdings with notable upside to their analyst target prices are State Street Corp. (Symbol: STT), DuPont de Nemours Inc (Symbol: DD), and Laboratory Corporation of America Holdings (Symbol: LH). Similarly, DD has 37.07% upside from the recent share price of $68.70 if the average analyst target price of $94.17/share is reached, and analysts on average are expecting LH to reach a target price of $343.50/share, which is 27.68% above the recent price of $269.04. Invesco S&P 500— Enhanced Value ETF SPVU $44.90 $51.34 14.34% State Street Corp. STT $75.81 $108.86 43.60% DuPont de Nemours Inc DD $68.70 $94.17 37.07% Laboratory Corporation of America Holdings LH $269.04 $343.50 27.68% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, DD has 37.07% upside from the recent share price of $68.70 if the average analyst target price of $94.17/share is reached, and analysts on average are expecting LH to reach a target price of $343.50/share, which is 27.68% above the recent price of $269.04. Three of SPVU's underlying holdings with notable upside to their analyst target prices are State Street Corp. (Symbol: STT), DuPont de Nemours Inc (Symbol: DD), and Laboratory Corporation of America Holdings (Symbol: LH). Below is a twelve month price history chart comparing the stock performance of STT, DD, and LH: Below is a summary table of the current analyst target prices discussed above:
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Invesco S&P 500— Enhanced Value ETF SPVU $44.90 $51.34 14.34% State Street Corp. STT $75.81 $108.86 43.60% DuPont de Nemours Inc DD $68.70 $94.17 37.07% Laboratory Corporation of America Holdings LH $269.04 $343.50 27.68% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of SPVU's underlying holdings with notable upside to their analyst target prices are State Street Corp. (Symbol: STT), DuPont de Nemours Inc (Symbol: DD), and Laboratory Corporation of America Holdings (Symbol: LH). Similarly, DD has 37.07% upside from the recent share price of $68.70 if the average analyst target price of $94.17/share is reached, and analysts on average are expecting LH to reach a target price of $343.50/share, which is 27.68% above the recent price of $269.04.
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0a2083d8-e55f-4022-b784-638b9b017e54
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716031.0
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2022-04-14 00:00:00 UTC
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Validea Peter Lynch Strategy Daily Upgrade Report - 4/14/2022
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DD
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https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-4-14-2022
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nan
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nan
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The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Peter Lynch changed from 74% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: DuPont de Nemours, Inc. provides technology-based materials and solutions. The Company's segments include Electronics & Industrial, Water & Protection and Mobility & Materials. Electronics & Industrial is a global supplier of various materials and systems for a range of consumer electronics, including mobile devices, television monitors, personal computers and electronics used in a variety of industries. Mobility & Materials segment provides engineering thermoplastics, elastomers, adhesives, silicone encapsulants, pastes, filaments and advanced films to engineers and designers in the transportation, electronics, renewable energy, industrial and consumer end-markets to enable systems solutions for demanding applications and environments. Water & Protection segment is focused on providing engineered products and integrated systems for a range of industries, including, worker safety, water purification and separation, transportation, energy, medical packaging and building materials.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DUPONT DE NEMOURS INC
Full Guru Analysis for DD
Full Factor Report for DD
SUPERNUS PHARMACEUTICALS INC (SUPN) is a small-cap growth stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Supernus Pharmaceuticals, Inc. is a biopharmaceutical company. The Company is focused on developing and commercializing products for the treatment of central nervous system (CNS) diseases. Its diverse neuroscience portfolio includes treatments for epilepsy, migraine, hypomobility in Parkinson's Disease (PD), cervical dystonia, and chronic sialorrhea. Its commercial portfolio of products includes Trokendi XR (topiramate) and Oxtellar XR (oxcarbazepine) for the treatment of epilepsy. Its APOKYN (apomorphine hydrochloride injection) is a product indicated for the acute, intermittent treatment of hypomobility in patients with advanced parkinson's disease (PD). Its XADAGO (safinamide) is a product indicated as adjunctive treatment to levodopa/carbidopa in patients with PD. Its MYOBLOC (rimabotulinumtoxinB) is a product indicated for the treatment of cervical dystonia and sialorrhea in adults. Its pipeline of CNS product candidates includes SPN-812, SPN-817, SPN-820, SPN-830 and MYOBLOC.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of SUPERNUS PHARMACEUTICALS INC
Full Guru Analysis for SUPN
Full Factor Report for SUPN
RESOURCES CONNECTION, INC. (RGP) is a small-cap value stock in the Business Services industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Resources Connection, Inc. is a consulting firm. The Company's operating entities primarily provide services under the name Resources Global Professionals (RGP). It operates through three business segments: RGP, taskforce, and Sitrick. The RGP segment is a business consulting practice, which operates under the RGP brand and focuses on project consulting and professional staffing services in areas, such as finance and accounting, business strategy and transformation, and technology and digital. The taskforce segment is a German professional services firm that operates under the taskforce brand. It utilizes an independent contractor/partner business model and infrastructure and focuses on providing senior interim management and project management services to middle market clients in the German market. The Sitrick segment is a crisis communications and public relations firm, which operates under the Sitrick brand, providing corporate, financial, transactional and management services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of RESOURCES CONNECTION, INC.
Full Guru Analysis for RGP
Full Factor Report for RGP
More details on Validea's Peter Lynch strategy
Peter Lynch Stock Ideas
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
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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DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. Detailed Analysis of DUPONT DE NEMOURS INC Full Guru Analysis for DD Full Factor Report for DD SUPERNUS PHARMACEUTICALS INC (SUPN) is a small-cap growth stock in the Biotechnology & Drugs industry. It utilizes an independent contractor/partner business model and infrastructure and focuses on providing senior interim management and project management services to middle market clients in the German market.
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Detailed Analysis of DUPONT DE NEMOURS INC Full Guru Analysis for DD Full Factor Report for DD SUPERNUS PHARMACEUTICALS INC (SUPN) is a small-cap growth stock in the Biotechnology & Drugs industry. DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. It utilizes an independent contractor/partner business model and infrastructure and focuses on providing senior interim management and project management services to middle market clients in the German market.
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DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. Detailed Analysis of DUPONT DE NEMOURS INC Full Guru Analysis for DD Full Factor Report for DD SUPERNUS PHARMACEUTICALS INC (SUPN) is a small-cap growth stock in the Biotechnology & Drugs industry. It utilizes an independent contractor/partner business model and infrastructure and focuses on providing senior interim management and project management services to middle market clients in the German market.
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DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. Detailed Analysis of DUPONT DE NEMOURS INC Full Guru Analysis for DD Full Factor Report for DD SUPERNUS PHARMACEUTICALS INC (SUPN) is a small-cap growth stock in the Biotechnology & Drugs industry. It utilizes an independent contractor/partner business model and infrastructure and focuses on providing senior interim management and project management services to middle market clients in the German market.
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8908b30c-1665-41f7-9a07-1d800ce37dfd
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716032.0
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2022-04-13 00:00:00 UTC
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Interesting DD Put And Call Options For September 16th
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DD
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https://www.nasdaq.com/articles/interesting-dd-put-and-call-options-for-september-16th
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nan
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nan
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Investors in DuPont (Symbol: DD) saw new options become available today, for the September 16th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 156 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new September 16th contracts and identified one put and one call contract of particular interest.
The put contract at the $67.50 strike price has a current bid of $4.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $67.50, but will also collect the premium, putting the cost basis of the shares at $63.20 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $68.31/share today.
Because the $67.50 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 6.37% return on the cash commitment, or 14.91% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $67.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $70.00 strike price has a current bid of $3.70. If an investor was to purchase shares of DD stock at the current price level of $68.31/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $70.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 7.89% if the stock gets called away at the September 16th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $70.00 strike highlighted in red:
Considering the fact that the $70.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 5.42% boost of extra return to the investor, or 12.67% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 254 trading day closing values as well as today's price of $68.31) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $70.00 strike highlighted in red: Considering the fact that the $70.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $70.00 strike highlighted in red: Considering the fact that the $70.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options become available today, for the September 16th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $70.00 strike highlighted in red: Considering the fact that the $70.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new September 16th contracts and identified one put and one call contract of particular interest. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $70.00 strike highlighted in red: Considering the fact that the $70.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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c4e50487-ac06-4420-a254-d91723fb0089
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716033.0
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2022-04-08 00:00:00 UTC
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DuPont de Nemours (DD) Dips More Than Broader Markets: What You Should Know
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-dips-more-than-broader-markets%3A-what-you-should-know
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nan
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nan
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DuPont de Nemours (DD) closed the most recent trading day at $68.84, moving -1.25% from the previous trading session. This move lagged the S&P 500's daily loss of 0.27%. Meanwhile, the Dow gained 0.4%, and the Nasdaq, a tech-heavy index, lost 0.18%.
Coming into today, shares of the specialty chemicals maker had lost 3.29% in the past month. In that same time, the Basic Materials sector gained 5.7%, while the S&P 500 gained 7.36%.
Investors will be hoping for strength from DuPont de Nemours as it approaches its next earnings release. On that day, DuPont de Nemours is projected to report earnings of $0.66 per share, which would represent a year-over-year decline of 27.47%.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.39 per share and revenue of $16.3 billion, which would represent changes of -21.16% and -2.12%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for DuPont de Nemours. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.5% lower. DuPont de Nemours is currently a Zacks Rank #3 (Hold).
In terms of valuation, DuPont de Nemours is currently trading at a Forward P/E ratio of 20.58. This valuation marks a premium compared to its industry's average Forward P/E of 11.53.
We can also see that DD currently has a PEG ratio of 2.22. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Chemical - Diversified industry currently had an average PEG ratio of 0.84 as of yesterday's close.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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DuPont de Nemours (DD) closed the most recent trading day at $68.84, moving -1.25% from the previous trading session. We can also see that DD currently has a PEG ratio of 2.22. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
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DuPont de Nemours (DD) closed the most recent trading day at $68.84, moving -1.25% from the previous trading session. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report We can also see that DD currently has a PEG ratio of 2.22.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont de Nemours (DD) closed the most recent trading day at $68.84, moving -1.25% from the previous trading session. We can also see that DD currently has a PEG ratio of 2.22.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont de Nemours (DD) closed the most recent trading day at $68.84, moving -1.25% from the previous trading session. We can also see that DD currently has a PEG ratio of 2.22.
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aa91fba7-099b-43a8-954d-e9b9d57a2795
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716034.0
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2022-04-05 00:00:00 UTC
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International Flavors (IFF) Closes Health Wright Products Buyout
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DD
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https://www.nasdaq.com/articles/international-flavors-iff-closes-health-wright-products-buyout
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nan
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nan
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International Flavors & Fragrances Inc. IFF closed the acquisition of Health Wright Products, LLC (“HWP”), a global provider of high-quality nutritional supplements to consumer Health and Nutrition industries. HWP, which has been a long-time business partner of IFF’s Health & Biosciences probiotics business, will now become part of its Health & Biosciences segment.
HWP uses advanced processes and equipment to produce custom formulations and delivers encapsulation and packaging in order to fulfill customers’ requirements for probiotic products. Oregon-based HWP generated annual revenues of $100 million in 2021.
On Feb 16, the company entered into this agreement. The buyout will provide formulation and finished format capabilities to International Flavors’ Health & Biosciences probiotics, natural extracts and botanicals businesses. This will bring innovation in custom formulation and combination products through joint capabilities. The buyout supports International Flavors’ focus on developing new and customized solutions and formats for wide-ranging health and nutrition customers.
Over time, the company has made meaningful acquisitions, which helped expand offerings and, in turn, profitability. The acquisition of Frutarom in 2018 is the largest deal in the industry to date, which created a global leader in natural taste, scent and nutrition, with a broader customer base, more diversified product offerings and greater exposure to end markets, including those with a focus on naturals and health and wellness.
International Flavors has officially completed its merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences business. The new entity is anticipated to be a global leader in high-value ingredients and solutions for food and beverage, home and personal care, and health & wellness markets.
IFF will command leading positions in core categories in nutrition, cultures, enzymes, probiotics, soy proteins, flavors and fragrances. This, coupled with a diverse and broad customer base, and about 48% of annual sales from small, medium and private-label customers, positions the company well for growth. IFF’s largest Nourish segment continues to deliver strong results aided by the Flavors unit and Ingredients. The Scent segment has been performing well on continued strength in Cosmetic Actives and Consumer Fragrances. In the Health & Biosciences segment, the Home & Personal Care business remains strong, supported by evolving consumer buying trends. Backed by its global presence, diversified business platform, broad product portfolio, and global and regional customer base, the company will be able to capitalize on the growth in flavors and fragrances market demand and deliver long-term growth.
International Flavors estimates sales to be $12.3-$12.7 billion in 2022. Adjusted EBITDA is expected between $2.5 billion and $2.6 billion, indicating an increase from $2.4 billion in 2021.
Price Performance
In the past year, International Flavors’ shares have lost 7.2% compared with the industry’s decline of 29.2%.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
International Flavors currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Consumer Staples sector include Tyson Foods TSN and The Hershey Company HSY. While TSN sports a Zacks Rank #1 (Strong Buy), HSY carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Tyson Foods has an expected earnings growth rate of 5.66% for fiscal 2022. The Zacks Consensus Estimate for TSN’s fiscal 2022 earnings has been revised 22% upward to $8.74 in the past 60 days.
Tyson Food’s bottom line beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average being 32.2%. Its shares have appreciated 18.4% in the past year.
Hershey has an expected earnings growth rate of 10.6% for 2022. The Zacks Consensus Estimate for HSY’s 2022 earnings has been revised 4% upward to $7.94 in the past 60 days.
Hershey’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average being 4.3%. The stock has gained 34.7% in the past year.
Just Released: The Biggest Tech IPOs of 2022
For a limited time, Zacks is revealing the most anticipated tech IPOs expected to launch this year. Concerns about Federal interest rates and inflation caused many private companies to stay on the bench- leading to companies with better brand recognition and higher growth rates getting into the game. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity. See the complete list today.
>>See Zacks Hottest IPOs Now
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Hershey Company The (HSY): Free Stock Analysis Report
DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
International Flavors & Fragrances Inc. (IFF): Free Stock Analysis Report
Tyson Foods, Inc. (TSN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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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International Flavors has officially completed its merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences business. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report The buyout will provide formulation and finished format capabilities to International Flavors’ Health & Biosciences probiotics, natural extracts and botanicals businesses.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report International Flavors has officially completed its merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences business. International Flavors & Fragrances Inc. IFF closed the acquisition of Health Wright Products, LLC (“HWP”), a global provider of high-quality nutritional supplements to consumer Health and Nutrition industries.
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International Flavors has officially completed its merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences business. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report International Flavors & Fragrances Inc. IFF closed the acquisition of Health Wright Products, LLC (“HWP”), a global provider of high-quality nutritional supplements to consumer Health and Nutrition industries.
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International Flavors has officially completed its merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences business. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report International Flavors & Fragrances Inc. IFF closed the acquisition of Health Wright Products, LLC (“HWP”), a global provider of high-quality nutritional supplements to consumer Health and Nutrition industries.
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925853a2-09ad-4dd5-a047-afe36c22bcb7
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716035.0
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2022-04-01 00:00:00 UTC
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DuPont de Nemours (DD) Outpaces Stock Market Gains: What You Should Know
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-outpaces-stock-market-gains%3A-what-you-should-know-2
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nan
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DuPont de Nemours (DD) closed at $74.75 in the latest trading session, marking a +1.59% move from the prior day. This change outpaced the S&P 500's 0.34% gain on the day. At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq lost 0.47%.
Prior to today's trading, shares of the specialty chemicals maker had lost 4.3% over the past month. This has lagged the Basic Materials sector's gain of 9.09% and the S&P 500's gain of 3.75% in that time.
DuPont de Nemours will be looking to display strength as it nears its next earnings release. In that report, analysts expect DuPont de Nemours to post earnings of $0.99 per share. This would mark year-over-year growth of 8.79%. Our most recent consensus estimate is calling for quarterly revenue of $4.26 billion, up 7.19% from the year-ago period.
DD's full-year Zacks Consensus Estimates are calling for earnings of $4.82 per share and revenue of $17.84 billion. These results would represent year-over-year changes of +12.09% and +7.1%, respectively.
It is also important to note the recent changes to analyst estimates for DuPont de Nemours. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.92% higher. DuPont de Nemours is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that DuPont de Nemours has a Forward P/E ratio of 15.28 right now. For comparison, its industry has an average Forward P/E of 12.13, which means DuPont de Nemours is trading at a premium to the group.
Also, we should mention that DD has a PEG ratio of 1.65. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DD's industry had an average PEG ratio of 0.91 as of yesterday's close.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 180, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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DuPont de Nemours (DD) closed at $74.75 in the latest trading session, marking a +1.59% move from the prior day. At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq lost 0.47%. DD's full-year Zacks Consensus Estimates are calling for earnings of $4.82 per share and revenue of $17.84 billion.
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DuPont de Nemours (DD) closed at $74.75 in the latest trading session, marking a +1.59% move from the prior day. At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq lost 0.47%. DD's full-year Zacks Consensus Estimates are calling for earnings of $4.82 per share and revenue of $17.84 billion.
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DuPont de Nemours (DD) closed at $74.75 in the latest trading session, marking a +1.59% move from the prior day. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq lost 0.47%.
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DuPont de Nemours (DD) closed at $74.75 in the latest trading session, marking a +1.59% move from the prior day. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq lost 0.47%.
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bb58bca1-27d5-43af-ad67-f6c176a4ac1a
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716036.0
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2022-03-31 00:00:00 UTC
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May 13th Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/may-13th-options-now-available-for-dupont-dd
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nan
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nan
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Investors in DuPont (Symbol: DD) saw new options become available today, for the May 13th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new May 13th contracts and identified one put and one call contract of particular interest.
The put contract at the $67.00 strike price has a current bid of 2 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $67.00, but will also collect the premium, putting the cost basis of the shares at $66.98 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $75.25/share today.
Because the $67.00 strike represents an approximate 11% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 90%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 0.03% return on the cash commitment, or 0.25% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $67.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $76.00 strike price has a current bid of 77 cents. If an investor was to purchase shares of DD stock at the current price level of $75.25/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $76.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 2.02% if the stock gets called away at the May 13th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $76.00 strike highlighted in red:
Considering the fact that the $76.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 53%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 1.02% boost of extra return to the investor, or 8.69% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 44%, while the implied volatility in the call contract example is 46%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $75.25) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $76.00 strike highlighted in red: Considering the fact that the $76.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options become available today, for the May 13th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 90%. Below is a chart showing DD's trailing twelve month trading history, with the $76.00 strike highlighted in red: Considering the fact that the $76.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 53%.
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Below is a chart showing DD's trailing twelve month trading history, with the $76.00 strike highlighted in red: Considering the fact that the $76.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Investors in DuPont (Symbol: DD) saw new options become available today, for the May 13th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new May 13th contracts and identified one put and one call contract of particular interest. Below is a chart showing DD's trailing twelve month trading history, with the $76.00 strike highlighted in red: Considering the fact that the $76.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options become available today, for the May 13th expiration.
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0b0611af-4078-447c-bd4e-1ef910c9c787
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716037.0
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2022-03-29 00:00:00 UTC
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The 7 Most Undervalued Stocks to Buy in April
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DD
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https://www.nasdaq.com/articles/the-7-most-undervalued-stocks-to-buy-in-april
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Uber Technologies (UBER): This rideshare giant had a major win and has recently raised guidance.
DuPont (DD): A relatively quiet company with upside from helping out in Ukraine.
Charles Schwab (SCHW): Rising interest rates will make this solid bank stock a sure thing in April.
Oshkosh (OSK): Increasing revenue and multiple catalysts should make all of 2022 boom times for this heavy equipment and truck manufacturer.
Bank of America (BAC): Federal Reserve rate hikes and strong performance vis-a-vis other banks make it worthwhile.
Target (TGT): This retailer has analysts on board as it reaches new revenue milestones.
Dollar General (DG): Buy low in April on management’s full fiscal year expectations.
Source: FOTOGRIN / Shutterstock.com
This year started off with many difficulties which have reverberated through the markets and created opportunities in undervalued stocks. There’s a lot going on, but two of the more important factors are Russia’s invasion of Ukraine and rampant inflation that hit 7.9% in February. As you’ve likely heard, that’s the highest level seen in the U.S. since 1982.
As a result, market performance has not been robust. Major U.S. indexes are down year-to-date.
The Dow Jones Industrial Average has sloughed off 4.71% so far in 2022. The S&P 500 has dropped 5.3%, and the Nasdaq leads the pack, having dropped 10.5% in 2022.
There are a few ways to view market performance through early 2022. The pessimist’s view is that things are going to get worse — perhaps much worse. Headlines including the words “recession” and “stagflation” are becoming common.
7 Retail Stocks Worth a Buy Now
The optimist’s take is of course the opposite. The Federal Reserve is increasing interest rates, and we should hope for the best. There are deals to be had, and the undervalued stocks listed below should fare better.
UBER Uber Technologies $34.06
DD DuPont $77.09
SCHW Charles Schwab $91.36
OSK Oshkosh $107.54
BAC Bank of America $43.73
TGT Target $218.61
DG Dollar General $221.47
Uber Technologies (UBER)
Source: Shutterstock
Many users will be aware booking a ride through Uber (NYSE:UBER) is possible in most U.S. cities. The process is as simple as drivers choosing to be listed there. But the reason investors should be very keen on Uber in the coming weeks is that all taxis in New York City will now be listed on Uber.
New York is the most populous city in the U.S., and it also has the greatest number of taxis of any urban center in the country. The deal is the first citywide alliance for Uber in the U.S. and will likely pave the way for similar partnerships in the future.
The other reason to scoop up UBER stock in April relates to improving business prospects. The firm raised its EBITDA guidance from between $100 and $130 million to between $130 and $150 million for this quarter. That strongly signals the worst of its pandemic-related struggles could be in its rearview mirror.
DuPont (DD)
Source: ricochet64 / Shutterstock.com
DuPont (NYSE:DD) is known for chemicals, agricultural products and specialty materials. I’ll get to one of those specialty materials in a moment, because it’s critical to understanding why DuPont is a buy in April. But first, let’s understand how it is undervalued.
DD stock currently trades for about $78. However, it carries an average target price of $97.35. In other words, there’s nearly 25% upside in analysts consensus projections for the firm. The question then becomes: why should DuPont soon rise to reach those projected prices?
For the answer, look to recent commentary by my colleague Josh Enomoto, who noted, “under the Biden administration’s aid package, it will send defensive assets to Ukraine such as body armor. As it turns out, DuPont originated the Kevlar material that forms the backbone of such armor.”
7 Dividend Stocks That Can Withstand Inflation
DuPont is also attractive in that its Kevlar products protect rather than harm. Some investors shy away from products used in warfare that are designed to do damage, but Kevlar is not one of them. Therefore, DD is worth adding to your list of undervalued stocks to buy.
Charles Schwab (SCHW)
Source: Isabelle OHara / Shutterstock.com
The market has entered a risk-off period. Growth stocks are no longer in favor and value is at the forefront. The shift is largely attributable to rampant inflation, which has reached historic highs for multiple months on end. In response, the Fed hiked interest rates on March 16.
That bodes well for financial firms, including Charles Schwab (NYSE:SCHW). Those rising interest rates will lead to greater revenues as banks charge higher interest on loans.
A few days prior to the Fed’s rate hike announcement, Charles Schwab reported an 11% increase in client assets under control. Those assets reached $7.69 trillion in value.
The underlying catalyst here is Schwab should be able to reasonably expect that interest charge increases favor the firm. That, along with increasing assets under management, should lead to increased revenues.
Bank picks are historically favored in times like these. SCHW is a solid choice among them and undervalued stocks in general.
Oshkosh (OSK)
Source: Postmodern Studio / Shutterstock.com
Oshkosh (NYSE:OSK) is in position to benefit from multiple initiatives forwarded by the current administration. A few fact sheets from the White House outline spending initiatives that will benefit the company.
It has strong fundamentals and multiple positive catalysts that put it on our list of undervalued stocks. 2021 was a strong year for Oshkosh despite all of its difficulties.
2021 sales reached $7.74 billion, up from $6.86 billion in 2020. That resulted in rising net income as well. The company reported a net income of $472.7 million through 2021, up 45.7% from $324.5 million in 2020.
Oshkosh could see those sales numbers increase in 2022 on the infrastructure push. It sells heavy equipment including JLG lifts, Jerr-Dan towing vehicles and London concrete vehicles within its portfolio of brands.
6 Blue-Chip Stocks That Will Survive Any Bubble Burst
On the electric vehicle front, Oshkosh just received its first order for the United States Postal Service’s (USPS) Next Generation Delivery Vehicle. That order is valued at $2.98 billion and includes 50,000 vehicles, at least 10,019 of which will be battery electric vehicles (BEVs).
Bank of America (BAC)
Source: Michael Vi / Shutterstock.com
Like Charles Schwab, Bank of America (NYSE:BAC) is in position to benefit from cyclical interest rate trends. Banks earn a significant portion of their revenue from the interest charged on loan products.
Higher interest rates logically result in boon times for bank stocks. That’s the good news moving forward for the bank, which is the second-largest such entity domestically.
The other positive news is that Bank of America has already proven it can operate exceptionally well in low-interest periods. Back in mid-January when it released its Q4 earnings, the news was positive. Profits increased 28%, from $5.47 billion a year earlier to $7.01 billion to end 2021. What was especially impressive was that other leading banks saw their profits decline in the same period.
All of that bodes well for Warren Buffett’s favorite bank play heading into April.
Target (TGT)
Source: Robert Gregory Griffeth / Shutterstock.com
Target (NYSE:TGT) had a 2021 to remember. Its revenue soared to $106 billion in the year, crossing the $100 billion threshold for the first time. That was quite an improvement from the $77.1 billion the retailer reported in 2020.
TGT stock still faltered through the early part of 2022 despite the record sales figures. Share prices began the year near $232 and declined as far as $206 in mid-March.
They’ve since recovered to $222, and that’s looking more and more like a strong opportunity as April begins. That’s because the analysts covering TGT stock give it an average target price of $280.
7 Healthcare Stocks to Buy for the Long Term
Currently, TGT sits below the low analyst price of $230. That simple observation should inspire confidence in investors looking to buy undervalued stocks.
Dollar General (DG)
Source: Jonathan Weiss / Shutterstock.com
The narrative for Dollar General (NYSE:DG) is extremely straightforward: If a recession hits, the discount retailer will become much more attractive.
Dollar General’s management already stated that it expects strong growth throughout the coming fiscal year. Net sales could grow by 10%, resulting in net earnings per share growth between 12% and 14%.
The caveat here is the growth is expected to come later in the year. The company expects the coming quarter to be difficult. That means the reason to buy DG stock in April is that it will be beaten down. Investors who are willing to hold on until later in the year can expect to see prices pop if management is correct about the guidance it has given.
On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post The 7 Most Undervalued Stocks to Buy in April appeared first on InvestorPlace.
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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DuPont (DD): A relatively quiet company with upside from helping out in Ukraine. UBER Uber Technologies $34.06 DD DuPont $77.09 SCHW Charles Schwab $91.36 OSK Oshkosh $107.54 BAC Bank of America $43.73 TGT Target $218.61 DG Dollar General $221.47 Uber Technologies (UBER) Source: Shutterstock Many users will be aware booking a ride through Uber (NYSE:UBER) is possible in most U.S. cities. DuPont (DD) Source: ricochet64 / Shutterstock.com DuPont (NYSE:DD) is known for chemicals, agricultural products and specialty materials.
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UBER Uber Technologies $34.06 DD DuPont $77.09 SCHW Charles Schwab $91.36 OSK Oshkosh $107.54 BAC Bank of America $43.73 TGT Target $218.61 DG Dollar General $221.47 Uber Technologies (UBER) Source: Shutterstock Many users will be aware booking a ride through Uber (NYSE:UBER) is possible in most U.S. cities. DuPont (DD): A relatively quiet company with upside from helping out in Ukraine. DuPont (DD) Source: ricochet64 / Shutterstock.com DuPont (NYSE:DD) is known for chemicals, agricultural products and specialty materials.
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UBER Uber Technologies $34.06 DD DuPont $77.09 SCHW Charles Schwab $91.36 OSK Oshkosh $107.54 BAC Bank of America $43.73 TGT Target $218.61 DG Dollar General $221.47 Uber Technologies (UBER) Source: Shutterstock Many users will be aware booking a ride through Uber (NYSE:UBER) is possible in most U.S. cities. DuPont (DD): A relatively quiet company with upside from helping out in Ukraine. DuPont (DD) Source: ricochet64 / Shutterstock.com DuPont (NYSE:DD) is known for chemicals, agricultural products and specialty materials.
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UBER Uber Technologies $34.06 DD DuPont $77.09 SCHW Charles Schwab $91.36 OSK Oshkosh $107.54 BAC Bank of America $43.73 TGT Target $218.61 DG Dollar General $221.47 Uber Technologies (UBER) Source: Shutterstock Many users will be aware booking a ride through Uber (NYSE:UBER) is possible in most U.S. cities. DuPont (DD): A relatively quiet company with upside from helping out in Ukraine. DuPont (DD) Source: ricochet64 / Shutterstock.com DuPont (NYSE:DD) is known for chemicals, agricultural products and specialty materials.
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46fa6989-419f-4ef0-b957-dd8c0bc22710
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716038.0
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2022-03-25 00:00:00 UTC
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DuPont de Nemours (DD) Outpaces Stock Market Gains: What You Should Know
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-outpaces-stock-market-gains%3A-what-you-should-know-1
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nan
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In the latest trading session, DuPont de Nemours (DD) closed at $77.09, marking a +1.04% move from the previous day. This change outpaced the S&P 500's 0.51% gain on the day. Elsewhere, the Dow gained 0.44%, while the tech-heavy Nasdaq added 0.19%.
Prior to today's trading, shares of the specialty chemicals maker had gained 0.97% over the past month. This has lagged the Basic Materials sector's gain of 14.91% and the S&P 500's gain of 5.51% in that time.
Investors will be hoping for strength from DuPont de Nemours as it approaches its next earnings release. On that day, DuPont de Nemours is projected to report earnings of $0.99 per share, which would represent year-over-year growth of 8.79%. Our most recent consensus estimate is calling for quarterly revenue of $4.26 billion, up 7.19% from the year-ago period.
DD's full-year Zacks Consensus Estimates are calling for earnings of $4.82 per share and revenue of $17.84 billion. These results would represent year-over-year changes of +12.09% and +7.1%, respectively.
Investors should also note any recent changes to analyst estimates for DuPont de Nemours. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.36% higher. DuPont de Nemours currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that DuPont de Nemours has a Forward P/E ratio of 15.85 right now. For comparison, its industry has an average Forward P/E of 12.34, which means DuPont de Nemours is trading at a premium to the group.
We can also see that DD currently has a PEG ratio of 1.71. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Chemical - Diversified stocks are, on average, holding a PEG ratio of 0.94 based on yesterday's closing prices.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 174, which puts it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DD in the coming trading sessions, be sure to utilize Zacks.com.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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In the latest trading session, DuPont de Nemours (DD) closed at $77.09, marking a +1.04% move from the previous day. Elsewhere, the Dow gained 0.44%, while the tech-heavy Nasdaq added 0.19%. DD's full-year Zacks Consensus Estimates are calling for earnings of $4.82 per share and revenue of $17.84 billion.
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In the latest trading session, DuPont de Nemours (DD) closed at $77.09, marking a +1.04% move from the previous day. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Elsewhere, the Dow gained 0.44%, while the tech-heavy Nasdaq added 0.19%.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report In the latest trading session, DuPont de Nemours (DD) closed at $77.09, marking a +1.04% move from the previous day. Elsewhere, the Dow gained 0.44%, while the tech-heavy Nasdaq added 0.19%.
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In the latest trading session, DuPont de Nemours (DD) closed at $77.09, marking a +1.04% move from the previous day. Elsewhere, the Dow gained 0.44%, while the tech-heavy Nasdaq added 0.19%. DD's full-year Zacks Consensus Estimates are calling for earnings of $4.82 per share and revenue of $17.84 billion.
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ca29ece6-a069-47b3-85e5-e173de721a73
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716039.0
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2022-03-18 00:00:00 UTC
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DuPont de Nemours (DD) Outpaces Stock Market Gains: What You Should Know
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-outpaces-stock-market-gains%3A-what-you-should-know-0
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nan
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DuPont de Nemours (DD) closed the most recent trading day at $76.71, moving +1.19% from the previous trading session. This move outpaced the S&P 500's daily gain of 1.17%. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 0.18%.
Heading into today, shares of the specialty chemicals maker had lost 4.92% over the past month, lagging the Basic Materials sector's gain of 6.54% and the S&P 500's gain of 0.88% in that time.
Wall Street will be looking for positivity from DuPont de Nemours as it approaches its next earnings report date. On that day, DuPont de Nemours is projected to report earnings of $0.96 per share, which would represent year-over-year growth of 5.49%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.88 billion, down 2.44% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.68 per share and revenue of $16.99 billion, which would represent changes of +8.84% and +2.01%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for DuPont de Nemours. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.52% lower within the past month. DuPont de Nemours is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, DuPont de Nemours is currently trading at a Forward P/E ratio of 16.2. This represents a premium compared to its industry's average Forward P/E of 12.45.
Investors should also note that DD has a PEG ratio of 1.75 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DD's industry had an average PEG ratio of 0.98 as of yesterday's close.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 157, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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DuPont de Nemours (DD) closed the most recent trading day at $76.71, moving +1.19% from the previous trading session. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 0.18%. Investors should also note that DD has a PEG ratio of 1.75 right now.
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DuPont de Nemours (DD) closed the most recent trading day at $76.71, moving +1.19% from the previous trading session. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 0.18%.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont de Nemours (DD) closed the most recent trading day at $76.71, moving +1.19% from the previous trading session. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 0.18%.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont de Nemours (DD) closed the most recent trading day at $76.71, moving +1.19% from the previous trading session. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 0.18%.
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4c228be8-823b-4d98-b40e-8eef4d2f1a10
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716040.0
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2022-03-18 00:00:00 UTC
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DuPont Breaks Above 200-Day Moving Average - Bullish for DD
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DD
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https://www.nasdaq.com/articles/dupont-breaks-above-200-day-moving-average-bullish-for-dd-0
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nan
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In trading on Friday, shares of DuPont (Symbol: DD) crossed above their 200 day moving average of $76.17, changing hands as high as $76.30 per share. DuPont shares are currently trading up about 0.6% on the day. The chart below shows the one year performance of DD shares, versus its 200 day moving average:
Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $86.28 as the 52 week high point — that compares with a last trade of $76.23. The DD DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
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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In trading on Friday, shares of DuPont (Symbol: DD) crossed above their 200 day moving average of $76.17, changing hands as high as $76.30 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $86.28 as the 52 week high point — that compares with a last trade of $76.23. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » 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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In trading on Friday, shares of DuPont (Symbol: DD) crossed above their 200 day moving average of $76.17, changing hands as high as $76.30 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $86.28 as the 52 week high point — that compares with a last trade of $76.23. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » 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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In trading on Friday, shares of DuPont (Symbol: DD) crossed above their 200 day moving average of $76.17, changing hands as high as $76.30 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $86.28 as the 52 week high point — that compares with a last trade of $76.23. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » 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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In trading on Friday, shares of DuPont (Symbol: DD) crossed above their 200 day moving average of $76.17, changing hands as high as $76.30 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $86.28 as the 52 week high point — that compares with a last trade of $76.23. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » 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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c503dafc-a5e2-4b3c-a794-fbbc94575a32
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716041.0
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2022-03-16 00:00:00 UTC
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International Flavors (IFF) Bets on Strong Demand Amid High Costs
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DD
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https://www.nasdaq.com/articles/international-flavors-iff-bets-on-strong-demand-amid-high-costs
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nan
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International Flavors & Fragrances IFF will continue to benefit from strong demand across all of its segments. Pricing actions, focus on driving greater efficiencies across the business through costs and productivity initiatives, and acquisition-related synergies will help negate costs and drive its margins. The company continues to maintain a disciplined approach to capital allocation even as it focuses on accelerating growth through organic investments and strategic acquisitions while returning significant capital to shareholders.
International Flavors’ largest segment, Nourish, continues to deliver strong results primarily aided by the Flavors unit and Ingredients. The segment has been gaining on the rebound in Food Design and improved demand in Food Service. The Scent segment has been performing well, courtesy of continued strengths in Cosmetic Actives and Consumer Fragrances. The segment has been witnessing a significant rebound in Fine Fragrance driven by volume recovery and new business win as restrictions continue to ease and consumer behavior returns to normal levels. In the Health & Biosciences segment, the Home & Personal Care business remains strongly supported by evolving consumer buying trends related to the pandemic. Growth in Grain Processing and Cultures & Food Enzymes has been witnessed. For the Pharma Solutions segment, growth has been witnessed in Industrials.
International Flavors estimates sales to be around $12.3-$12.7 billion in 2022. Adjusted EBITDA is expected between $2.5 billion and $2.6 billion, higher than the adjusted EBITDA of $2.4 billion in 2021. The adjusted EBITDA margin is projected to grow 4-8% on a currency-neutral basis.
However, the company continues to incur high raw material costs and additional costs related to labor, shipping, and cleaning, due to COVID-19 supply chain disruptions. Energy costs are expected to be higher in 2022. Nevertheless, focus on driving greater efficiencies throughout the business via costs and productivity initiatives, margin improvement and acquisition-related synergies will support margins in this scenario.
Backed by its global presence, diversified business platform, broad product portfolio, global and regional customer base, the company will be able to capitalize on the growth in demand in flavors and fragrances markets and deliver long-term growth.
Over time, the company has made meaningful acquisitions, which have helped expand offerings and, in turn, profitability. The acquisition of Frutarom in 2018 was the largest in its history, which created a global leader in natural taste, scent and nutrition with a broader customer base, more diversified product offerings and more exposure to end markets, including those with a focus on naturals and health and wellness. IFF has recently entered into an agreement to acquire Health Wright Products, LLC (“HWP”), a leader in formulation and capsule manufacturing for the dietary supplement industry. The sale is anticipated to close in the first quarter of 2022, subject to customary closing conditions. The acquisition will bring formulation and finished format capabilities to IFF’s Health & Biosciences probiotics, natural extracts and botanicals businesses, allowing for innovation in custom formulation and combination products through joint capabilities.
International Flavors has officially completed its merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences ("N&B") business. The new entity is anticipated to be a global leader in high-value ingredients and solutions for food and beverage, home and personal care, and health & wellness markets. IFF’s net sales were $3,031 million in the December-end quarter, soaring 139% year over year. This was driven by the additional sales related to the merger.
Price Performance
Image Source: Zacks Investment Research
In the past year, International Flavors’ shares have lost 11.8% compared with the industry’s decline of 29.3%.
Zacks Rank & Key Picks
International Flavors currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Consumer Staples sector include Inter Parfums IPAR and Tyson Foods TSN, both sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Inter Parfums has an expected earnings growth rate of 9.8% for fiscal 2022. The Zacks Consensus Estimate for IPAR’s fiscal 2022 earnings has been revised upward by 6% to $3.02 in the past 60 days.
Inter Parfums’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 46.7%. The stock has gained 13% in the past year.
Tyson Foods has an expected earnings growth rate of 5.66% for the current year. The Zacks Consensus Estimate for TSN’s 2022 earnings has been revised upward by 22% to $8.74 in the past 60 days.
Tyson Food’s bottom line beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 32.2%. Its shares have appreciated 13% in the past year.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
International Flavors & Fragrances Inc. (IFF): Free Stock Analysis Report
Tyson Foods, Inc. (TSN): Free Stock Analysis Report
Inter Parfums, Inc. (IPAR): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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However, the company continues to incur high raw material costs and additional costs related to labor, shipping, and cleaning, due to COVID-19 supply chain disruptions. International Flavors has officially completed its merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences ("N&B") business. This was driven by the additional sales related to the merger.
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However, the company continues to incur high raw material costs and additional costs related to labor, shipping, and cleaning, due to COVID-19 supply chain disruptions. International Flavors has officially completed its merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences ("N&B") business. This was driven by the additional sales related to the merger.
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However, the company continues to incur high raw material costs and additional costs related to labor, shipping, and cleaning, due to COVID-19 supply chain disruptions. International Flavors has officially completed its merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences ("N&B") business. This was driven by the additional sales related to the merger.
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However, the company continues to incur high raw material costs and additional costs related to labor, shipping, and cleaning, due to COVID-19 supply chain disruptions. International Flavors has officially completed its merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences ("N&B") business. This was driven by the additional sales related to the merger.
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992f94b5-206d-4d0e-b3a1-ee6a091bcdba
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716042.0
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2022-03-11 00:00:00 UTC
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DuPont de Nemours (DD) Gains As Market Dips: What You Should Know
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-gains-as-market-dips%3A-what-you-should-know
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nan
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nan
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In the latest trading session, DuPont de Nemours (DD) closed at $72.49, marking a +0.57% move from the previous day. The stock outpaced the S&P 500's daily loss of 1.3%. Meanwhile, the Dow lost 0.69%, and the Nasdaq, a tech-heavy index, lost 0.45%.
Coming into today, shares of the specialty chemicals maker had lost 10.27% in the past month. In that same time, the Basic Materials sector gained 6.93%, while the S&P 500 lost 5.33%.
DuPont de Nemours will be looking to display strength as it nears its next earnings release. On that day, DuPont de Nemours is projected to report earnings of $0.96 per share, which would represent year-over-year growth of 5.49%. Our most recent consensus estimate is calling for quarterly revenue of $3.88 billion, down 2.44% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.68 per share and revenue of $16.99 billion. These totals would mark changes of +8.84% and +2.01%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for DuPont de Nemours. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 3.46% lower. DuPont de Nemours is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that DuPont de Nemours has a Forward P/E ratio of 15.41 right now. For comparison, its industry has an average Forward P/E of 11.92, which means DuPont de Nemours is trading at a premium to the group.
Investors should also note that DD has a PEG ratio of 1.66 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Chemical - Diversified industry currently had an average PEG ratio of 0.91 as of yesterday's close.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 154, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DD in the coming trading sessions, be sure to utilize Zacks.com.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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In the latest trading session, DuPont de Nemours (DD) closed at $72.49, marking a +0.57% move from the previous day. Investors should also note that DD has a PEG ratio of 1.66 right now. To follow DD in the coming trading sessions, be sure to utilize Zacks.com.
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In the latest trading session, DuPont de Nemours (DD) closed at $72.49, marking a +0.57% move from the previous day. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Investors should also note that DD has a PEG ratio of 1.66 right now.
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In the latest trading session, DuPont de Nemours (DD) closed at $72.49, marking a +0.57% move from the previous day. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Investors should also note that DD has a PEG ratio of 1.66 right now.
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In the latest trading session, DuPont de Nemours (DD) closed at $72.49, marking a +0.57% move from the previous day. Investors should also note that DD has a PEG ratio of 1.66 right now. To follow DD in the coming trading sessions, be sure to utilize Zacks.com.
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d4127293-c801-43ae-9c1e-846a36f46420
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716043.0
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2022-03-10 00:00:00 UTC
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DuPont de Nemours (DD) Down 11% Since Last Earnings Report: Can It Rebound?
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-down-11-since-last-earnings-report%3A-can-it-rebound
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nan
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nan
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A month has gone by since the last earnings report for DuPont de Nemours (DD). Shares have lost about 11% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is DuPont de Nemours due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
DuPont's Earnings and Revenues Trounce Estimates in Q4
DuPont recorded earnings (on a reported basis) from continuing operations of 47 cents per share for fourth-quarter 2021, down from 60 cents per share in the year-ago quarter.
Barring one-time items, earnings came in at $1.08 per share for the reported quarter, topping the Zacks Consensus Estimate of $1.01.
DuPont raked in net sales of $4,271 million, up 14% from the year-ago quarter. It also beat the Zacks Consensus Estimate of $3,945.8 million. The company saw a 13% rise organic sales in the quarter, supported by 6% higher volumes and 7% pricing gains. It also witnessed double-digit organic growth across all four regions in the reported quarter.
Volume growth was driven by sustained strong global demand in major areas such as semiconductors and water, coupled with continued improvement in industrial end-markets. The price increase mainly reflects actions taken by the company to offset raw material cost inflation.
Segment Highlights
The company’s Electronics & Industrial segment recorded net sales of $1.5 billion in the reported quarter, up 19% on a year-over-year comparison basis. Organic sales rose 9% on higher volumes. Volume growth was driven by gains in Semiconductor Technologies. Industrial Solutions also registered volume growth while organic sales declined in Interconnect Solutions.
Net sales in the Water & Protection unit were $1.4 billion, up 16% year over year. Organic sales rose 17% on 12% higher volume and 5% higher prices. Sales were driven by the growth in Safety Solutions on continued recovery in industrial end-markets. The company also saw strong demand in Water Solutions technologies.
Net sales for the Mobility & Materials division were $1.3 billion in the reported quarter, up 12% year over year. Organic sales rose 13% on 16% higher pricing that more than offset a 3% volume decline. Volume fell due to the weakness in global automotive production resulting from supply-chain constraints, mainly the semiconductor shortage.
FY21 Results
Earnings from continuing operations for full-year 2021 were $3.23 per share compared with a loss of $3.31 per share a year ago. Net sales went up 16% year over year to $16,653 million.
Financials
DuPont had cash and cash equivalents of $2,011 million at the end of 2021, down around 21% year over year. Long-term debt was $10,632 million, down roughly 32% year over year.
The company also generated operating cash flow of $2.3 billion and free cash flow of $1.4 billion in 2021. It returned more than $2.7 billion to shareholders through share repurchases and dividends during the year. DuPont also reduced long-term debt by $5 billion during the year.
DuPont’s board announced a first-quarter dividend of 33 cents per share, representing a 10% increase to regular quarterly dividend. Its board also authorized a new $1 billion share repurchase program, which expires on Mar 31, 2023. The new authorization allows it to buyback shares after the expected completion of the remaining $375 million in repurchases under its current share buyback program in first-quarter 2022.
Outlook
The company sees net sales for 2022 to be between $17.4 billion and $17.8 billion. It also expects adjusted earnings per share (EPS) for 2022 in the band of $4.60-$4.90, reflecting a 10% year-over-year increase at the mid-point of the range.
DuPont expects net sales of between $4.2 billion and $4.3 billion for the first quarter of 2022. Adjusted EPS is forecast in the range of 94 cents to $1.00 for the quarter.
While DuPont expects consumer demand to remain strong, it sees raw material and logistics cost inflation to continue to impact margins. It anticipates operating EBITDA margin to be about flat sequentially in the first quarter with continued improvement through the balance of the year to more normalized levels in the back half.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -13.03% due to these changes.
VGM Scores
Currently, DuPont de Nemours has a poor Growth Score of F, however its Momentum Score is doing a lot better with a C. Charting a somewhat similar path, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Notably, DuPont de Nemours has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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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A month has gone by since the last earnings report for DuPont de Nemours (DD). DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Volume growth was driven by sustained strong global demand in major areas such as semiconductors and water, coupled with continued improvement in industrial end-markets.
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A month has gone by since the last earnings report for DuPont de Nemours (DD). DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont's Earnings and Revenues Trounce Estimates in Q4 DuPont recorded earnings (on a reported basis) from continuing operations of 47 cents per share for fourth-quarter 2021, down from 60 cents per share in the year-ago quarter.
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A month has gone by since the last earnings report for DuPont de Nemours (DD). DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont's Earnings and Revenues Trounce Estimates in Q4 DuPont recorded earnings (on a reported basis) from continuing operations of 47 cents per share for fourth-quarter 2021, down from 60 cents per share in the year-ago quarter.
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A month has gone by since the last earnings report for DuPont de Nemours (DD). DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Will the recent negative trend continue leading up to its next earnings release, or is DuPont de Nemours due for a breakout?
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0b6963c9-40c4-4dc8-900c-ed13d8a56260
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716044.0
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2022-03-10 00:00:00 UTC
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Interesting DD Put And Call Options For April 29th
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DD
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https://www.nasdaq.com/articles/interesting-dd-put-and-call-options-for-april-29th
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nan
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nan
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Investors in DuPont (Symbol: DD) saw new options become available today, for the April 29th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new April 29th contracts and identified one put and one call contract of particular interest.
The put contract at the $71.00 strike price has a current bid of $1.68. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $71.00, but will also collect the premium, putting the cost basis of the shares at $69.32 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $71.42/share today.
Because the $71.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 54%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.37% return on the cash commitment, or 17.29% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $71.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $82.00 strike price has a current bid of 46 cents. If an investor was to purchase shares of DD stock at the current price level of $71.42/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $82.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.46% if the stock gets called away at the April 29th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $82.00 strike highlighted in red:
Considering the fact that the $82.00 strike represents an approximate 15% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 91%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.64% boost of extra return to the investor, or 4.71% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 56%, while the implied volatility in the call contract example is 39%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $71.42) to be 27%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $82.00 strike highlighted in red: Considering the fact that the $82.00 strike represents an approximate 15% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options become available today, for the April 29th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 54%. Below is a chart showing DD's trailing twelve month trading history, with the $82.00 strike highlighted in red: Considering the fact that the $82.00 strike represents an approximate 15% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 91%.
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Below is a chart showing DD's trailing twelve month trading history, with the $82.00 strike highlighted in red: Considering the fact that the $82.00 strike represents an approximate 15% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Investors in DuPont (Symbol: DD) saw new options become available today, for the April 29th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new April 29th contracts and identified one put and one call contract of particular interest. Below is a chart showing DD's trailing twelve month trading history, with the $82.00 strike highlighted in red: Considering the fact that the $82.00 strike represents an approximate 15% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options become available today, for the April 29th expiration.
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30df1cf9-035e-4549-bcc6-2783f426cb38
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716045.0
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2022-03-08 00:00:00 UTC
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DuPont Becomes Oversold
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DD
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https://www.nasdaq.com/articles/dupont-becomes-oversold
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. DuPont (Symbol: DD) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of DD entered into oversold territory, changing hands as low as $67.55 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of DuPont, the RSI reading has hit 29.7 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 45.4. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, DD's recent annualized dividend of 1.32/share (currently paid in quarterly installments) works out to an annual yield of 1.91% based upon the recent $69.07 share price.
A bullish investor could look at DD's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DD is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
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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A bullish investor could look at DD's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. DuPont (Symbol: DD) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of DD entered into oversold territory, changing hands as low as $67.55 per share.
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Indeed, DD's recent annualized dividend of 1.32/share (currently paid in quarterly installments) works out to an annual yield of 1.91% based upon the recent $69.07 share price. DuPont (Symbol: DD) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of DD entered into oversold territory, changing hands as low as $67.55 per share.
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Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DD is its dividend history. DuPont (Symbol: DD) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of DD entered into oversold territory, changing hands as low as $67.55 per share.
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Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DD is its dividend history. DuPont (Symbol: DD) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of DD entered into oversold territory, changing hands as low as $67.55 per share.
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38756631-efe7-410f-9170-a0a22aa5a2a4
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716046.0
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2022-03-06 00:00:00 UTC
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3 Wildly Undervalued Dividend Stocks to Buy in March
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DD
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https://www.nasdaq.com/articles/3-wildly-undervalued-dividend-stocks-to-buy-in-march
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nan
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nan
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Investors have little to smile about after the first two months of the year left many stocks bruised and battered. Turning the calendar to March, folks may be hoping for a rebound in the stock market -- or at the very least, for the bleeding to stop.
However, the truth is that no one knows what's going to happen in the short term or how long the stock market correction will last. What we do know, however, is that buying and holding quality dividend stocks has historically been a great way to generate passive income from companies with the staying power to outlast tough times. Lockheed Martin (NYSE: LMT), Chemours (NYSE: CC), and nVent Electric (NYSE: NVT) are three dividend stocks worth considering for March and beyond.
Image source: Getty Images.
A dividend stock you can count on
Daniel Foelber (Lockheed Martin): It's not every day you see a company blast to a new all-time high and still be undervalued. But that's exactly what's happening with Lockheed Martin stock.
Share prices of the defense giant have gained 26% year to date, absolutely crushing indices like the S&P 500 and Nasdaq Composite, which are both down over 10% year to date.
Yet even after that gain, Lockheed Martin stock still has a price-to-earnings ratio (P/E) of less than 20 and a 16.1 price-to-free-cash-flow ratio -- both of which are right around their three-year medians.
LMT PE Ratio data by YCharts.
Part of the reason for Lockheed's inexpensive valuation is its low growth. The vast majority of Lockheed sales come from the U.S. government. And if it's not the U.S. government, it's a U.S. ally that's pre-approved by the Pentagon. This dependence adds stability to Lockheed's earnings, but also makes it highly dependent on the defense budget -- which has been growing in the low- to mid-single digits for years.
Lockheed is a great company for investors who are more focused on stability and income than growth. Lockheed's backlog is around double its annual revenue.
Long-term contracts and orders that are made years in advance ensure Lockheed generates the free cash flow needed to support further dividend raises. With a dividend yield of 2.5%, Lockheed Martin is a great income stock that can bolster your portfolio amid heightened geopolitical risk.
Better passive income through chemistry
Scott Levine (Chemours): Do you have some Teflon-coated pots and pans in your kitchen? Then you're already familiar with Chemours, the company that manufactures the non-stick coating.
Spun off from DuPont in 2015, Chemours develops indispensable specialty chemicals used in numerous industries, including automotive, medical, energy, and consumer electronics, among others. Dividend investors are likely familiar with Chemours, as well. Currently, the stock offers a juicy forward dividend yield of 3.75%.
Circumspect investors need not worry that management is sacrificing the company's financial health to satisfy investors with the dividend. Chemours had a conservative payout ratio of 43% in 2021, and its strong cash flow generation provides additional evidence that the dividend is well-covered. Over the past five years, Chemours has averaged annual free cash flow per share of $2.46 -- a period during which its average annual dividend per share was $0.79.
The company is coming off a strong performance in 2021. Reporting sales of $6.3 billion, Chemours grew the top line by 28%, compared to 2020. The bottom of the income statement reflected considerable growth, as well: Chemours reported earnings per share (EPS) of $3.60, demonstrating considerable growth over the EPS of $1.20 that it reported in 2020.
Management also forecasts strong cash flow in the coming year, forecasting free cash flow over $500 million. For some context, Chemours reported free cash flow of $543 million in 2021.
For dividend-hungry investors, today is an opportune time to pick up shares of Chemours. The stock is changing hands at 5.5 times operating cash flow, representing a discount to its five-year average cash flow multiple of 7.5. If you prefer to look at the P/E ratio, shares look even more inexpensive. Valued at 7.4 times trailing earnings, shares of Chemours are trading well below their five-year average P/E of 58.9 and the S&P 500's ratio of 24.9.
Undervalued and outperforming
Lee Samaha (nVent Electric): The electrical connection and protection product-manufacturer's fourth-quarter earnings report was a little short of outstanding. However, organic sales rose 24% in the quarter, leading to adjusted earnings growth of 16%, compared to the same quarter of 2020. In addition, organic sales rose 18% on a full-year basis, with adjusted earnings up 31%.
Moreover, management expects organic sales growth of 6%-9% in 2022. It's an impressive performance driven by a megatrend -- electrification -- that's set for long-term growth.
nVent's products include electrical enclosures, electrical and fastening solutions, and thermal-management products. They're essential products necessary for customers to ensure safety and regulatory compliance. As such, nVent's products are broadly used across several industries in the industrial sector. In addition, commercial and residential buildings are a key end market, as is infrastructure (including 5G), renewables, data centers, and electric-vehicle charging solutions.
If you're going to have renewable energy and electric vehicles, you'll need new transmission and distribution networks and storage. Meanwhile, the growth of so-called smart buildings and smart infrastructure implies electrical connectivity, as does factory automation.
Consequently, nVent has exciting long-term growth prospects, and the good news is it trades at a valuation discount to its peers and looks like a great value on an absolute basis.
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Daniel Foelber has no position in any of the stocks mentioned. Lee Samaha has no position in any of the stocks mentioned. Scott Levine has no position in any of the stocks mentioned. The Motley Fool recommends Lockheed Martin. The Motley Fool has a disclosure policy.
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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In addition, commercial and residential buildings are a key end market, as is infrastructure (including 5G), renewables, data centers, and electric-vehicle charging solutions. This dependence adds stability to Lockheed's earnings, but also makes it highly dependent on the defense budget -- which has been growing in the low- to mid-single digits for years. Chemours had a conservative payout ratio of 43% in 2021, and its strong cash flow generation provides additional evidence that the dividend is well-covered.
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This dependence adds stability to Lockheed's earnings, but also makes it highly dependent on the defense budget -- which has been growing in the low- to mid-single digits for years. Chemours had a conservative payout ratio of 43% in 2021, and its strong cash flow generation provides additional evidence that the dividend is well-covered. In addition, organic sales rose 18% on a full-year basis, with adjusted earnings up 31%.
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This dependence adds stability to Lockheed's earnings, but also makes it highly dependent on the defense budget -- which has been growing in the low- to mid-single digits for years. Chemours had a conservative payout ratio of 43% in 2021, and its strong cash flow generation provides additional evidence that the dividend is well-covered. In addition, organic sales rose 18% on a full-year basis, with adjusted earnings up 31%.
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This dependence adds stability to Lockheed's earnings, but also makes it highly dependent on the defense budget -- which has been growing in the low- to mid-single digits for years. Chemours had a conservative payout ratio of 43% in 2021, and its strong cash flow generation provides additional evidence that the dividend is well-covered. In addition, organic sales rose 18% on a full-year basis, with adjusted earnings up 31%.
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e450375a-3d42-4ca1-a9f5-7801905d4071
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716047.0
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2022-02-23 00:00:00 UTC
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Ex-Dividend Reminder: Sherwin-Williams, Dow and DuPont
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DD
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-sherwin-williams-dow-and-dupont
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 2/25/22, Sherwin-Williams Co (Symbol: SHW), Dow Inc (Symbol: DOW), and DuPont (Symbol: DD) will all trade ex-dividend for their respective upcoming dividends. Sherwin-Williams Co will pay its quarterly dividend of $0.60 on 3/11/22, Dow Inc will pay its quarterly dividend of $0.70 on 3/11/22, and DuPont will pay its quarterly dividend of $0.33 on 3/15/22. As a percentage of SHW's recent stock price of $263.12, this dividend works out to approximately 0.23%, so look for shares of Sherwin-Williams Co to trade 0.23% lower — all else being equal — when SHW shares open for trading on 2/25/22. Similarly, investors should look for DOW to open 1.15% lower in price and for DD to open 0.42% lower, all else being equal.
Below are dividend history charts for SHW, DOW, and DD, showing historical dividends prior to the most recent ones declared.
Sherwin-Williams Co (Symbol: SHW):
Dow Inc (Symbol: DOW):
DuPont (Symbol: DD):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.91% for Sherwin-Williams Co, 4.58% for Dow Inc, and 1.70% for DuPont.
In Wednesday trading, Sherwin-Williams Co shares are currently up about 0.6%, Dow Inc shares are up about 1.3%, and DuPont shares are off about 0.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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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Looking at the universe of stocks we cover at Dividend Channel, on 2/25/22, Sherwin-Williams Co (Symbol: SHW), Dow Inc (Symbol: DOW), and DuPont (Symbol: DD) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for DOW to open 1.15% lower in price and for DD to open 0.42% lower, all else being equal. Below are dividend history charts for SHW, DOW, and DD, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel, on 2/25/22, Sherwin-Williams Co (Symbol: SHW), Dow Inc (Symbol: DOW), and DuPont (Symbol: DD) will all trade ex-dividend for their respective upcoming dividends. Sherwin-Williams Co (Symbol: SHW): Dow Inc (Symbol: DOW): DuPont (Symbol: DD): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for DOW to open 1.15% lower in price and for DD to open 0.42% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 2/25/22, Sherwin-Williams Co (Symbol: SHW), Dow Inc (Symbol: DOW), and DuPont (Symbol: DD) will all trade ex-dividend for their respective upcoming dividends. Sherwin-Williams Co (Symbol: SHW): Dow Inc (Symbol: DOW): DuPont (Symbol: DD): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for DOW to open 1.15% lower in price and for DD to open 0.42% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 2/25/22, Sherwin-Williams Co (Symbol: SHW), Dow Inc (Symbol: DOW), and DuPont (Symbol: DD) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for DOW to open 1.15% lower in price and for DD to open 0.42% lower, all else being equal. Below are dividend history charts for SHW, DOW, and DD, showing historical dividends prior to the most recent ones declared.
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3490b02d-f49b-4091-9bea-dcae308074f3
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716048.0
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2022-02-22 00:00:00 UTC
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DuPont (DD) Shares Cross Below 200 DMA
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DD
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https://www.nasdaq.com/articles/dupont-dd-shares-cross-below-200-dma
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nan
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nan
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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $77.04, changing hands as low as $76.96 per share. DuPont shares are currently trading down about 0.6% on the day. The chart below shows the one year performance of DD shares, versus its 200 day moving average:
Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $86.28 as the 52 week high point — that compares with a last trade of $78.32. The DD DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »
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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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $77.04, changing hands as low as $76.96 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $86.28 as the 52 week high point — that compares with a last trade of $78.32. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » 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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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $77.04, changing hands as low as $76.96 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $86.28 as the 52 week high point — that compares with a last trade of $78.32. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » 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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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $77.04, changing hands as low as $76.96 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $86.28 as the 52 week high point — that compares with a last trade of $78.32. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » 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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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $77.04, changing hands as low as $76.96 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $86.28 as the 52 week high point — that compares with a last trade of $78.32. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » 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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c8ed0653-4ed1-4e89-8ae8-915d644efa99
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716049.0
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2022-02-22 00:00:00 UTC
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DuPont (DD) Inks Deal to Divest Mobility & Materials for $11B
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DD
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https://www.nasdaq.com/articles/dupont-dd-inks-deal-to-divest-mobility-materials-for-%2411b
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nan
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nan
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DuPont de Nemours, Inc. DD recently entered into an agreement with Celanese Corporation CE to divest more than 80% of the Mobility & Materials (M&M) segment for cash proceeds of $11 billion. This includes the Engineering Polymers business line and certain product lines within the Performance Resins and Advanced Solutions business lines. These businesses generated net sales of $3.5 billion and operating EBITDA of $0.8 billion in 2021. The deal is likely to close at the end of the current year. The divestiture will support DuPont’s ongoing portfolio transformation initiative.
Through this deal, Celanese will be able to enhance its growth in high-value applications. Together, the companies will continue to boost material science innovation to serve customers. The latest agreement, which builds on DuPont’s recent buyout of Laird Performance Materials and its plan to acquire Rogers Corporation, strengthens the company’s foothold in the fields of electronics, water, industrial technologies, protection and next-gen automotive.
In November, DuPont agreed to acquire Rogers, a global leader in engineered materials and components for $5.2 billion. The buyout is expected to fortify DuPont's leadership position in advanced materials for high-growth secular end-markets that include electric vehicles, advanced driver assistance systems, 5G telecommunications and clean energy. The company will further bolster its position as the leading electronic solutions provider in the industry. It expects to realize around $115 million in run-rate cost synergies (pre-tax) by the end of 2023. The acquisition of Laird Performance Materials boosts DuPont’s position as a leading electronic materials provider and is expected to offer significant cost synergies.
The M&M transaction will maximize DuPont’s shareholders’ return while positioning it for long-term growth. The company will utilize the sale proceeds to fund the acquisition of Rogers and additional merger and acquisition scopes while continuing to buy back shares.
DuPont is on track to divest the Derlin business, which generated net sales of around $0.55 billion and operating EBITDA of approximately $0.18 billion in 2021. The company expects to close the deal in first-quarter 2023.
DuPont is actively managing its portfolio with an aim for value creation. The company is divesting non-core assets to focus more on high-growth, high-margin businesses. It also completed the divestment of the Solamet business during second-quarter 2021.
Last year, the company completed the merger of its Nutrition & Biosciences unit with International Flavors & Fragrances IFF to form a new entity with 55.4% shareholding. The new entity is anticipated to be a global leader in high-value ingredients and solutions for food and beverage, home and personal care, and health & wellness markets with estimated pro-forma revenues of more than $11 billion and EBITDA of approximately $2.5 billion. Additional sales related to the merger is driving International Flavors’ revenue numbers. IFF realized $60 million of merger-related cost synergies in fiscal 2021, ahead of its targeted $45 million.
Price Performance
DuPont’s shares are up 16.5% in a year compared with an 8.3% rise recorded by the industry.
Image Source: Zacks Investment Research
Zacks Rank & Stock to Consider
DuPont currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the basic materials space is Commercial Metals Company CMC, which sports a Zacks Rank #1 (Strong Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Commercial Metals has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised upward by 23% in the past 60 days.
Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and missed once, the average surprise being 13.1%. CMC’s shares have surged around 61% in a year.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
International Flavors & Fragrances Inc. (IFF): Free Stock Analysis Report
Celanese Corporation (CE): Free Stock Analysis Report
Commercial Metals Company (CMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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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DuPont de Nemours, Inc. DD recently entered into an agreement with Celanese Corporation CE to divest more than 80% of the Mobility & Materials (M&M) segment for cash proceeds of $11 billion. The company will utilize the sale proceeds to fund the acquisition of Rogers and additional merger and acquisition scopes while continuing to buy back shares. Additional sales related to the merger is driving International Flavors’ revenue numbers.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont de Nemours, Inc. DD recently entered into an agreement with Celanese Corporation CE to divest more than 80% of the Mobility & Materials (M&M) segment for cash proceeds of $11 billion. The company will utilize the sale proceeds to fund the acquisition of Rogers and additional merger and acquisition scopes while continuing to buy back shares.
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DuPont de Nemours, Inc. DD recently entered into an agreement with Celanese Corporation CE to divest more than 80% of the Mobility & Materials (M&M) segment for cash proceeds of $11 billion. The company will utilize the sale proceeds to fund the acquisition of Rogers and additional merger and acquisition scopes while continuing to buy back shares. Additional sales related to the merger is driving International Flavors’ revenue numbers.
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DuPont de Nemours, Inc. DD recently entered into an agreement with Celanese Corporation CE to divest more than 80% of the Mobility & Materials (M&M) segment for cash proceeds of $11 billion. The company will utilize the sale proceeds to fund the acquisition of Rogers and additional merger and acquisition scopes while continuing to buy back shares. Additional sales related to the merger is driving International Flavors’ revenue numbers.
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bf73b882-9925-47ee-a973-21c175feca66
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716050.0
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2022-02-22 00:00:00 UTC
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Pre-Market Most Active for Feb 22, 2022 : HMHC, CSX, GSK, TQQQ, SQQQ, MSFT, NVDA, M, RIO, DD, PLTR, UBS
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DD
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https://www.nasdaq.com/articles/pre-market-most-active-for-feb-22-2022-%3A-hmhc-csx-gsk-tqqq-sqqq-msft-nvda-m-rio-dd-pltr
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The NASDAQ 100 Pre-Market Indicator is down -77.17 to 13,932.37. The total Pre-Market volume is currently 57,733,500 shares traded.
The following are the most active stocks for the pre-market session:
Houghton Mifflin Harcourt Company (HMHC) is +2.73 at $20.85, with 6,820,109 shares traded. As reported by Zacks, the current mean recommendation for HMHC is in the "strong buy range".
CSX Corporation (CSX) is +0.11 at $34.77, with 4,959,016 shares traded. CSX's current last sale is 86.93% of the target price of $40.
GlaxoSmithKline PLC (GSK) is unchanged at $43.04, with 4,690,714 shares traded. GSK's current last sale is 84.39% of the target price of $51.
ProShares UltraPro QQQ (TQQQ) is -1.2396 at $49.20, with 4,187,643 shares traded. This represents a 31.15% increase from its 52 Week Low.
ProShares UltraPro Short QQQ (SQQQ) is +1.04 at $44.33, with 3,451,137 shares traded. This represents a 57.48% increase from its 52 Week Low.
Microsoft Corporation (MSFT) is -2.98 at $284.95, with 2,571,344 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $2.18. MSFT's current last sale is 78.28% of the target price of $364.
NVIDIA Corporation (NVDA) is -5.42 at $231.00, with 2,418,928 shares traded. As reported by Zacks, the current mean recommendation for NVDA is in the "buy range".
Macy's Inc (M) is +1.22 at $26.92, with 1,844,329 shares traded. M's current last sale is 84.13% of the target price of $32.
Rio Tinto Plc (RIO) is unchanged at $77.63, with 1,829,595 shares traded.RIO is scheduled to provide an earnings report on 2/23/2022, for the fiscal quarter ending Dec2021.
DuPont de Nemours, Inc. (DD) is +0.2 at $78.97, with 1,078,226 shares traded. As reported by Zacks, the current mean recommendation for DD is in the "buy range".
Palantir Technologies Inc. (PLTR) is -0.32 at $10.70, with 1,068,781 shares traded., following a 52-week high recorded in prior regular session.
UBS AG (UBS) is -0.68 at $19.48, with 991,026 shares traded. As reported by Zacks, the current mean recommendation for UBS is in the "buy range".
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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DuPont de Nemours, Inc. (DD) is +0.2 at $78.97, with 1,078,226 shares traded. As reported by Zacks, the current mean recommendation for DD is in the "buy range". As reported by Zacks, the current mean recommendation for HMHC is in the "strong buy range".
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As reported by Zacks, the current mean recommendation for DD is in the "buy range". DuPont de Nemours, Inc. (DD) is +0.2 at $78.97, with 1,078,226 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022.
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DuPont de Nemours, Inc. (DD) is +0.2 at $78.97, with 1,078,226 shares traded. As reported by Zacks, the current mean recommendation for DD is in the "buy range". The total Pre-Market volume is currently 57,733,500 shares traded.
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DuPont de Nemours, Inc. (DD) is +0.2 at $78.97, with 1,078,226 shares traded. As reported by Zacks, the current mean recommendation for DD is in the "buy range". The NASDAQ 100 Pre-Market Indicator is down -77.17 to 13,932.37.
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31ca3ce2-3dac-4ad1-8d4e-052933acfc37
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716051.0
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2022-02-18 00:00:00 UTC
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US STOCKS-Wall St eyes muted open as Ukraine nerves persist
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DD
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https://www.nasdaq.com/articles/us-stocks-wall-st-eyes-muted-open-as-ukraine-nerves-persist
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nan
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nan
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By Susan Mathew and Devik Jain
Feb 18 (Reuters) - U.S. stocks were set to open largely flat on Friday, with investors keeping a wary eye on developments in Ukraine heading into a long weekend.
Headlines around escalating tensions between Moscow and the West over a standoff with Ukraine have rattled markets this week, putting the main indexes on track for their second straight weekly losses.
Wall Street ended deeply in the red on Thursday after Moscow expelled deputy U.S. ambassador Bartle Gorman, and U.S. President Joe Biden said a Russian invasion of Ukraine could happen in the next few days.
U.S. Secretary of State Antony Blinken agreed to meet Russian Foreign Minister Sergei Lavrov next week, calming markets globally as investors hoped for a diplomatic solution to avert a military conflict. MKTS/GLOB
At 8:57 a.m. ET, Dow e-minis 1YMcv1 were down 44 points, or 0.13%, S&P 500 e-minis EScv1 were down 3.75 points, or 0.09%, and Nasdaq 100 e-minis NQcv1 were down 7.75 points, or 0.05%.
"The stock market will continue to be quite volatile until these important geopolitical uncertainties and monetary policy questions are clarified," said Christian Stocker, lead equity strategist at UniCredit Bank.
Expiration of monthly options contracts were seen adding to the day's volatility.
The CBOE volatility index .VIX, also known as Wall Street's fear gauge, was last up 26.94 points, well above its long-term average of 20.
Speculations about the Federal Reserve's policy tightening plans for the year added to the downbeat mood this week. A flurry of appearances from Fed members are scheduled on Friday. The Fed's next monetary policy decision is due in about a month's time.
"The worry is whether the pivot away from pandemic-era stimulus will squeeze economic growth and inject more turbulence across asset classes," said Stocker.
JPMorgan Chase JPM.N rose 0.6% on Friday to lead gains among big banks in premarket trading.
Tesla TSLA.O was flat, while other megacap tech stocks such as Apple AAPL.O, Meta Platforms FB.O, Google GOOGL.O, Amazon AMZN.O and Microsoft MSFT.O edged higher.
Lithium producer Livent Corp LTHM.N jumped 8.2% after forecasting upbeat 2022 revenue, while Deere & Co DE.N added 1% after the world's largest farm equipment maker raised its annual profit outlook.
DuPont DD.N climbed 4.1% after the industrial materials maker said it would sell most of its mobility and materials business for $11 billion to Celanese Corp CE.N. Shares of Celanese gained 3%.
Shake Shack Inc SHAK.N slumped 14.1% after the burger chain forecast first-quarter revenue below estimates as Omicron kept diners away and led to temporary restaurant closures.
Roku Inc ROKU.O tumbled 27.3% after the streaming platform's disappointing quarterly revenue and first-quarter outlook.
DraftKings Inc DKNG.O shed 15.2% after the sports betting company forecast a bigger-than anticipated 2022 loss.
(Reporting by Susan Mathew and Devik Jain in Bengaluru; Editing by Anil D'Silva and Maju Samuel)
((susan.mathew@thomsonreuters.com; +91-80-6287-2704;))
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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Expiration of monthly options contracts were seen adding to the day's volatility. Speculations about the Federal Reserve's policy tightening plans for the year added to the downbeat mood this week. Lithium producer Livent Corp LTHM.N jumped 8.2% after forecasting upbeat 2022 revenue, while Deere & Co DE.N added 1% after the world's largest farm equipment maker raised its annual profit outlook.
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Expiration of monthly options contracts were seen adding to the day's volatility. Speculations about the Federal Reserve's policy tightening plans for the year added to the downbeat mood this week. Lithium producer Livent Corp LTHM.N jumped 8.2% after forecasting upbeat 2022 revenue, while Deere & Co DE.N added 1% after the world's largest farm equipment maker raised its annual profit outlook.
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Lithium producer Livent Corp LTHM.N jumped 8.2% after forecasting upbeat 2022 revenue, while Deere & Co DE.N added 1% after the world's largest farm equipment maker raised its annual profit outlook. Expiration of monthly options contracts were seen adding to the day's volatility. Speculations about the Federal Reserve's policy tightening plans for the year added to the downbeat mood this week.
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Expiration of monthly options contracts were seen adding to the day's volatility. Speculations about the Federal Reserve's policy tightening plans for the year added to the downbeat mood this week. Lithium producer Livent Corp LTHM.N jumped 8.2% after forecasting upbeat 2022 revenue, while Deere & Co DE.N added 1% after the world's largest farm equipment maker raised its annual profit outlook.
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e95d5e82-a8d4-4a95-a91f-b72256e6e545
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716052.0
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2022-02-18 00:00:00 UTC
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Wall St struggles for direction as Ukraine worries linger
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DD
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https://www.nasdaq.com/articles/wall-st-struggles-for-direction-as-ukraine-worries-linger
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nan
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nan
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By Susan Mathew and Devik Jain
Feb 18 (Reuters) - U.S. stocks struggled for direction on Friday, as investors kept a wary eye on building tensions in Ukraine heading into a long weekend.
Western powers warned that Russia's military build-up around Ukraine was continuing and an invasion was possible at any time, while Russian-backed separatists in eastern Ukraine said they planned to evacuate residents.
Headlines around escalating tensions between Moscow and the West over Russia's conflict with Ukraine have rattled markets this week, putting the main indexes on track for their second straight weekly losses.
"These geopolitical concerns don't necessarily have a direct impact on the capital markets, but it has the ability to create uncertainty," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut.
"Nobody wants to go into the long weekend overly exposed."
Expiration of monthly options contracts was also seen adding to the volatility.
At 10:07 a.m. ET, the Dow Jones Industrial Average .DJI was up 62.03 points, or 0.18%, at 34,374.06, the S&P 500 .SPX was up 9.25 points, or 0.21%, at 4,389.51, and the Nasdaq Composite .IXIC was down 7.98 points, or 0.06%, at 13,708.74.
Defensive sectors rose the most, with real estate .SPLRCR leading the pack with a 0.5% rise, while technology stocks .SPLRCT fell 0.6%. O/R
There was a measure of relief among investors after U.S. Secretary of State Antony Blinken on Thursday agreed to meet Russian Foreign Minister Sergei Lavrov next week, raising hope of a diplomatic solution. MKTS/GLOB
Still, the CBOE volatility index .VIX, also known as Wall Street's fear gauge, was last up 27.92 points, well above its long-term average of 20.
JPMorgan JPM.N jumped 1.1% after it upgraded its full-year net interest income forecast.
Other big banks traded mixed as did mega-cap growth stocks, with Amazon AMZN.O down 0.4%, while Google parent Alphabet GOOGL.O rose 0.8%.
Speculations about the Federal Reserve's policy tightening plans added to the downbeat mood this week. A flurry of appearances from Fed members are scheduled on Friday. The Fed's next monetary policy decision is due in about a month's time.
"The worry is whether the pivot away from pandemic-era stimulus will squeeze economic growth and inject more turbulence across asset classes," said Christian Stocker, lead equity strategist at UniCredit Bank.
Lithium producer Livent Corp LTHM.N gained 2.9% after forecasting upbeat 2022 revenue, while Deere & Co DE.N added 1% after the world's largest farm equipment maker raised its annual profit outlook.
DuPont DD.N climbed 2.6% after the industrial materials maker said it would sell most of its mobility and materials business for $11 billion to Celanese Corp CE.N. Shares of Celanese gained 3%.
Roku Inc ROKU.O tumbled 22.9% after the streaming platform's disappointing quarterly revenue and first-quarter outlook.
DraftKings Inc DKNG.O shed 15.2% after the sports betting company forecast a bigger-than anticipated 2022 loss.
Advancing issues outnumbered decliners by a 1.57-to-1 ratio on the NYSE and a 1.03-to-1 ratio on the Nasdaq.
The S&P index recorded four new 52-week highs and 19 new lows, while the Nasdaq recorded 10 new highs and 208 new lows.
(Reporting by Susan Mathew and Devik Jain in Bengaluru; Editing by Anil D'Silva and Maju Samuel)
((susan.mathew@thomsonreuters.com; +91-80-6287-2704;))
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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Expiration of monthly options contracts was also seen adding to the volatility. Speculations about the Federal Reserve's policy tightening plans added to the downbeat mood this week. Lithium producer Livent Corp LTHM.N gained 2.9% after forecasting upbeat 2022 revenue, while Deere & Co DE.N added 1% after the world's largest farm equipment maker raised its annual profit outlook.
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Expiration of monthly options contracts was also seen adding to the volatility. Speculations about the Federal Reserve's policy tightening plans added to the downbeat mood this week. Lithium producer Livent Corp LTHM.N gained 2.9% after forecasting upbeat 2022 revenue, while Deere & Co DE.N added 1% after the world's largest farm equipment maker raised its annual profit outlook.
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Lithium producer Livent Corp LTHM.N gained 2.9% after forecasting upbeat 2022 revenue, while Deere & Co DE.N added 1% after the world's largest farm equipment maker raised its annual profit outlook. Expiration of monthly options contracts was also seen adding to the volatility. Speculations about the Federal Reserve's policy tightening plans added to the downbeat mood this week.
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Expiration of monthly options contracts was also seen adding to the volatility. Speculations about the Federal Reserve's policy tightening plans added to the downbeat mood this week. Lithium producer Livent Corp LTHM.N gained 2.9% after forecasting upbeat 2022 revenue, while Deere & Co DE.N added 1% after the world's largest farm equipment maker raised its annual profit outlook.
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d49795f7-4cab-4891-a34b-5e7091e5652b
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716053.0
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2022-02-18 00:00:00 UTC
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Celanese to buy DuPont's mobility and materials unit for $11 bln
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DD
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https://www.nasdaq.com/articles/celanese-to-buy-duponts-mobility-and-materials-unit-for-%2411-bln
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nan
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Feb 18 (Reuters) - Celanese Corp CE.N said on Friday it would buy DuPont's DD.N mobility and materials unit for $11 billion as the industrial materials maker continues to tweak its portfolio to focus on electronics, automotive and water solutions.
(Reporting by Arunima Kumar in Bengaluru; Editing by Anil D'Silva)
((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94 ;))
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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Feb 18 (Reuters) - Celanese Corp CE.N said on Friday it would buy DuPont's DD.N mobility and materials unit for $11 billion as the industrial materials maker continues to tweak its portfolio to focus on electronics, automotive and water solutions. (Reporting by Arunima Kumar in Bengaluru; Editing by Anil D'Silva) ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94 ;)) 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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Feb 18 (Reuters) - Celanese Corp CE.N said on Friday it would buy DuPont's DD.N mobility and materials unit for $11 billion as the industrial materials maker continues to tweak its portfolio to focus on electronics, automotive and water solutions. (Reporting by Arunima Kumar in Bengaluru; Editing by Anil D'Silva) ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94 ;)) 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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Feb 18 (Reuters) - Celanese Corp CE.N said on Friday it would buy DuPont's DD.N mobility and materials unit for $11 billion as the industrial materials maker continues to tweak its portfolio to focus on electronics, automotive and water solutions. (Reporting by Arunima Kumar in Bengaluru; Editing by Anil D'Silva) ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94 ;)) 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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Feb 18 (Reuters) - Celanese Corp CE.N said on Friday it would buy DuPont's DD.N mobility and materials unit for $11 billion as the industrial materials maker continues to tweak its portfolio to focus on electronics, automotive and water solutions. (Reporting by Arunima Kumar in Bengaluru; Editing by Anil D'Silva) ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94 ;)) 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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9a1b9758-eb34-4774-89f7-57da7bea2c3a
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716054.0
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2022-02-18 00:00:00 UTC
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A Beginner's Guide to Investing in Smart Clothing
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DD
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https://www.nasdaq.com/articles/a-beginners-guide-to-investing-in-smart-clothing
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nan
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nan
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“Smart clothing” might not as mainstream as “smartphones” or “smart TVs,” but that could be about to change — some estimates suggest that the market could be worth $4 billion by 2030. Yet with everything in its infancy, it’s the perfect time for investors to consider getting involved.
What is smart clothing?
A smart device is essentially something that performs its usual function but can also communicate with other devices, usually by accessing data through the internet of things (IoT). For example, a smart TV can connect to apps like YouTube, Netflix, and Disney+ instead of just the usual channels.
The same logic applies to smart clothing — it contains integrated sensors or other technology that allows it to do something beyond keeping us warm or fashionable. We might not be able to create shoes that will walk you to the destination you enter into GoogleMaps quite yet, but clothing that tracks fitness levels of athletes or the health of pregnant women is currently in development.
Trends in smart clothing
It’s hard to get your head around smart clothing when it’s such a foreign idea to most of us. However, looking at a few of the trends will help you gain an appreciation of what smart clothing is really all about. Smart clothing has been made possible due to the developments in material science, which has created optical fibers and conductive polymers that clothing manufacturers can use alongside standard materials (like cotton) to create clothes capable of transmitting data.
We mentioned that sensors are pivotal for smart clothing — that’s because they allow garments to collect the data needed to tell us anything useful about ourselves or what we’re doing. This is particularly challenging considering clothing needs to be washed, but researchers are currently in the process of developing them — for instance, MIT scientists created shirts that can monitor vital signs.
The power of these sensors could be increased further by using AI to offer advice to users based on their activity. For example, by offering workout programs based on fitness levels and health conditions. The defense and healthcare sectors are where a lot of innovation is taking place right now due to the obvious applications, but private companies are also entering the ring.
How to invest in smart clothing
Smart clothing is still very much an emerging area, so to invest in it, you’ll need to look at which clothing companies are researching or developing smart clothing, and the firms that will be providing them the technologies outlined above that will play a role in it. Here are a few to look at.
Manufacturing stocks
Jabil (JBL) is a manufacturing services company based in the U.S. Although part of its business is focused on electronics manufacturing, it also has a Diversified Manufacturing Services (DMS) segment, which includes smart clothing. As early as 2015, Jabil acquired Clothing +, a Finnish company that develops textile-integrated biometric sensors for sports. Working together, they produced smart sports bras and t-shirts that contain sensors to track biometric data.
Meanwhile, Under Armor (UA) is a popular clothing brand in the U.S. thanks to its vast collection of athletic wear, footwear, and other accessories. The designer is leading the way when it comes to smart clothing, such as its Recovery range for absorbing heat from athletes’ bodies and turning it into far-infrared light (which helps muscles recover). Although it’s not using the IoT for its clothing, this is still an impressive feat.
Another possibility is DuPont (DD), which has made some considerable advances. It created smart garments for none other than FC Barcelona in early 2019 thanks to its signature Intexar technology, which uses electronic ink and film to make fabric suitable for different applications.
Technology stocks
An alternative approach is to invest in the technology companies working alongside these clothing manufacturing firms. Some of this will come from the usual suspects. For instance, in 2019, Google (GOOGL) trialed using its Assistant along with Levi’s commuter trucker jacket, meaning that wearers could ask their jacket the same questions they’d usually ask their phone. But Google won’t be the only player here — IBM (IBM) and Amazon (AMZN) are also known AI leaders that could enter the space. Also, investing in a fund dedicated to high-tech stocks will expose you to other AI developers.
Time to get smart
It’s hard to imagine a future where we choose clothing based not just on practicality and style but also on how it can help us to optimize our life, but a few decades ago, people probably would have said the same thing about phones. Currently, the bulk of the innovation is concentrated in sectors like defense, military, and healthcare, but this could be about to change. In-the-know investors therefore have a unique opportunity here.
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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Another possibility is DuPont (DD), which has made some considerable advances. The designer is leading the way when it comes to smart clothing, such as its Recovery range for absorbing heat from athletes’ bodies and turning it into far-infrared light (which helps muscles recover). It created smart garments for none other than FC Barcelona in early 2019 thanks to its signature Intexar technology, which uses electronic ink and film to make fabric suitable for different applications.
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Another possibility is DuPont (DD), which has made some considerable advances. How to invest in smart clothing Smart clothing is still very much an emerging area, so to invest in it, you’ll need to look at which clothing companies are researching or developing smart clothing, and the firms that will be providing them the technologies outlined above that will play a role in it. Manufacturing stocks Jabil (JBL) is a manufacturing services company based in the U.S.
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Another possibility is DuPont (DD), which has made some considerable advances. Trends in smart clothing It’s hard to get your head around smart clothing when it’s such a foreign idea to most of us. Smart clothing has been made possible due to the developments in material science, which has created optical fibers and conductive polymers that clothing manufacturers can use alongside standard materials (like cotton) to create clothes capable of transmitting data.
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Another possibility is DuPont (DD), which has made some considerable advances. What is smart clothing? How to invest in smart clothing Smart clothing is still very much an emerging area, so to invest in it, you’ll need to look at which clothing companies are researching or developing smart clothing, and the firms that will be providing them the technologies outlined above that will play a role in it.
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0d10653d-8a95-40d8-925d-4474efc2debf
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716055.0
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2022-02-18 00:00:00 UTC
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DuPont To Sell Majority Of Mobility & Materials Unit To Celanese For $11 Bln Cash - Quick Facts
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DD
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https://www.nasdaq.com/articles/dupont-to-sell-majority-of-mobility-materials-unit-to-celanese-for-%2411-bln-cash-quick
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(RTTNews) - Chemical company DuPont De Nemours & Co. (DD) Friday announced that it has entered into a definitive agreement to divest majority of Mobility & Materials Segment to Celanese Corp. (CE) for $11.0 billion in cash.
The divesting business includes the Engineering Polymers business line and select product lines within the Performance Resins and Advanced Solutions business lines. Combined, these businesses generated net sales of approximately $3.5 billion and operating EBITDA of around $0.8 billion in 2021.
The deal is subject to customary transaction adjustments in accordance with the definitive agreement.
The transaction is expected to close around the end of 2022, subject to customary closing conditions and regulatory approvals.
Further, DuPont said it is separately advancing the process to divest the Delrin business which was included in the scope of the strategic review process the company announced on November 2, 2021. The Delrin business generated net sales of approximately $0.55 billion. The company is targeting a closing date for the sale of Delrin in the first quarter 2023.
The Auto Adhesives, Multibase and Tedlar product lines within the Mobility & Materials segment are not included in the sale. Beginning in the first quarter 2022, DuPont will report the retained M&M businesses in Corporate for current and historical periods.
Prior to reporting its first quarter 2022 results, DuPont will update its first quarter and full year 2022 outlook to reflect the impact of classifying the divested M&M businesses as discontinued operations.
DuPont said it intends on using the net proceeds from the divested M&M businesses to fund the previously announced acquisition of Rogers Corp. and further M&A opportunities.
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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(RTTNews) - Chemical company DuPont De Nemours & Co. (DD) Friday announced that it has entered into a definitive agreement to divest majority of Mobility & Materials Segment to Celanese Corp. (CE) for $11.0 billion in cash. The Auto Adhesives, Multibase and Tedlar product lines within the Mobility & Materials segment are not included in the sale. DuPont said it intends on using the net proceeds from the divested M&M businesses to fund the previously announced acquisition of Rogers Corp. and further M&A opportunities.
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(RTTNews) - Chemical company DuPont De Nemours & Co. (DD) Friday announced that it has entered into a definitive agreement to divest majority of Mobility & Materials Segment to Celanese Corp. (CE) for $11.0 billion in cash. The divesting business includes the Engineering Polymers business line and select product lines within the Performance Resins and Advanced Solutions business lines. Combined, these businesses generated net sales of approximately $3.5 billion and operating EBITDA of around $0.8 billion in 2021.
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(RTTNews) - Chemical company DuPont De Nemours & Co. (DD) Friday announced that it has entered into a definitive agreement to divest majority of Mobility & Materials Segment to Celanese Corp. (CE) for $11.0 billion in cash. The divesting business includes the Engineering Polymers business line and select product lines within the Performance Resins and Advanced Solutions business lines. Further, DuPont said it is separately advancing the process to divest the Delrin business which was included in the scope of the strategic review process the company announced on November 2, 2021.
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(RTTNews) - Chemical company DuPont De Nemours & Co. (DD) Friday announced that it has entered into a definitive agreement to divest majority of Mobility & Materials Segment to Celanese Corp. (CE) for $11.0 billion in cash. The Delrin business generated net sales of approximately $0.55 billion. The company is targeting a closing date for the sale of Delrin in the first quarter 2023.
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c0b97026-f3c7-42d1-b2f1-0399cd1f3364
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716056.0
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2022-02-17 00:00:00 UTC
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Celanese nears over $10 bln deal to buy DuPont unit - Bloomberg News
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DD
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https://www.nasdaq.com/articles/celanese-nears-over-%2410-bln-deal-to-buy-dupont-unit-bloomberg-news
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nan
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Adds details and background
Feb 17 (Reuters) - Specialty chemicals company Celanese Corp CE.N is nearing a deal to buy DuPont de Nemours Inc's DD.N mobility and materials unit for more than $10 billion, Bloomberg News reported on Thursday, citing people familiar with the matter.
The deal may be announced as soon as Friday, the report said.
Celanese and DuPont did not immediately respond to Reuters' requests for comment.
DuPont's mobility and materials division, which makes products ranging from heat-resistant car engine covers to structural adhesives, generated about 30% of the company's annual sales reported earlier this month.
DuPont, once part of the erstwhile chemical giant DowDuPont, has been simplifying its portfolio. It has separated its nutrition and biosciences business, agreed to divest two other businesses, and struck a deal to buy Laird Performance Materials for $2.3 billion in July.
Celanese shares were up 3% at $157.52 in extended trading. DuPont shares were flat.
(Reporting by Ruhi Soni in Bengaluru; Editing by Aditya Soni and Sherry Jacob-Phillips)
((Ruhi.Soni@thomsonreuters.com; Twitter: https://twitter.com/ruhithere;))
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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Adds details and background Feb 17 (Reuters) - Specialty chemicals company Celanese Corp CE.N is nearing a deal to buy DuPont de Nemours Inc's DD.N mobility and materials unit for more than $10 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. DuPont's mobility and materials division, which makes products ranging from heat-resistant car engine covers to structural adhesives, generated about 30% of the company's annual sales reported earlier this month. (Reporting by Ruhi Soni in Bengaluru; Editing by Aditya Soni and Sherry Jacob-Phillips) ((Ruhi.Soni@thomsonreuters.com; Twitter: https://twitter.com/ruhithere;)) 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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Adds details and background Feb 17 (Reuters) - Specialty chemicals company Celanese Corp CE.N is nearing a deal to buy DuPont de Nemours Inc's DD.N mobility and materials unit for more than $10 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. DuPont's mobility and materials division, which makes products ranging from heat-resistant car engine covers to structural adhesives, generated about 30% of the company's annual sales reported earlier this month. It has separated its nutrition and biosciences business, agreed to divest two other businesses, and struck a deal to buy Laird Performance Materials for $2.3 billion in July.
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Adds details and background Feb 17 (Reuters) - Specialty chemicals company Celanese Corp CE.N is nearing a deal to buy DuPont de Nemours Inc's DD.N mobility and materials unit for more than $10 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. DuPont's mobility and materials division, which makes products ranging from heat-resistant car engine covers to structural adhesives, generated about 30% of the company's annual sales reported earlier this month. (Reporting by Ruhi Soni in Bengaluru; Editing by Aditya Soni and Sherry Jacob-Phillips) ((Ruhi.Soni@thomsonreuters.com; Twitter: https://twitter.com/ruhithere;)) 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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Adds details and background Feb 17 (Reuters) - Specialty chemicals company Celanese Corp CE.N is nearing a deal to buy DuPont de Nemours Inc's DD.N mobility and materials unit for more than $10 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. The deal may be announced as soon as Friday, the report said. Celanese and DuPont did not immediately respond to Reuters' requests for comment.
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7bbb4863-74c0-4859-b4f1-12d28b489a5f
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716057.0
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2022-02-17 00:00:00 UTC
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Celanese nears deal to buy DuPont's mobility and materials unit - Bloomberg News
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DD
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https://www.nasdaq.com/articles/celanese-nears-deal-to-buy-duponts-mobility-and-materials-unit-bloomberg-news
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nan
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Repeats to change story keyword used by media customers
Feb 17 (Reuters) - Specialty chemicals company Celanese Corp CE.N is nearing a deal to buy DuPont de Nemours Inc's DD.N mobility and materials unit for over $10 billion, Bloomberg News reported on Thursday, citing people familiar with the matter.
(Reporting by Ruhi Soni in Bengaluru; Editing by Aditya Soni)
((Ruhi.Soni@thomsonreuters.com; Twitter: https://twitter.com/ruhithere;))
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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Repeats to change story keyword used by media customers Feb 17 (Reuters) - Specialty chemicals company Celanese Corp CE.N is nearing a deal to buy DuPont de Nemours Inc's DD.N mobility and materials unit for over $10 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. (Reporting by Ruhi Soni in Bengaluru; Editing by Aditya Soni) ((Ruhi.Soni@thomsonreuters.com; Twitter: https://twitter.com/ruhithere;)) 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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Repeats to change story keyword used by media customers Feb 17 (Reuters) - Specialty chemicals company Celanese Corp CE.N is nearing a deal to buy DuPont de Nemours Inc's DD.N mobility and materials unit for over $10 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. (Reporting by Ruhi Soni in Bengaluru; Editing by Aditya Soni) ((Ruhi.Soni@thomsonreuters.com; Twitter: https://twitter.com/ruhithere;)) 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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Repeats to change story keyword used by media customers Feb 17 (Reuters) - Specialty chemicals company Celanese Corp CE.N is nearing a deal to buy DuPont de Nemours Inc's DD.N mobility and materials unit for over $10 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. (Reporting by Ruhi Soni in Bengaluru; Editing by Aditya Soni) ((Ruhi.Soni@thomsonreuters.com; Twitter: https://twitter.com/ruhithere;)) 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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Repeats to change story keyword used by media customers Feb 17 (Reuters) - Specialty chemicals company Celanese Corp CE.N is nearing a deal to buy DuPont de Nemours Inc's DD.N mobility and materials unit for over $10 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. (Reporting by Ruhi Soni in Bengaluru; Editing by Aditya Soni) ((Ruhi.Soni@thomsonreuters.com; Twitter: https://twitter.com/ruhithere;)) 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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fdfedfc6-6d88-4652-8527-9e0152a35483
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716058.0
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2022-02-15 00:00:00 UTC
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The Math Shows XLB Can Go To $96
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DD
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https://www.nasdaq.com/articles/the-math-shows-xlb-can-go-to-%2496
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the The Materials Select Sector SPDR— Fund ETF (Symbol: XLB), we found that the implied analyst target price for the ETF based upon its underlying holdings is $96.34 per unit.
With XLB trading at a recent price near $83.31 per unit, that means that analysts see 15.64% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of XLB's underlying holdings with notable upside to their analyst target prices are WestRock Co (Symbol: WRK), DuPont de Nemours Inc (Symbol: DD), and Ecolab Inc (Symbol: ECL). Although WRK has traded at a recent price of $45.79/share, the average analyst target is 22.30% higher at $56.00/share. Similarly, DD has 20.29% upside from the recent share price of $79.32 if the average analyst target price of $95.42/share is reached, and analysts on average are expecting ECL to reach a target price of $216.50/share, which is 18.36% above the recent price of $182.91. Below is a twelve month price history chart comparing the stock performance of WRK, DD, and ECL:
Combined, WRK, DD, and ECL represent 10.30% of the The Materials Select Sector SPDR— Fund ETF. Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
The Materials Select Sector SPDR— Fund ETF XLB $83.31 $96.34 15.64%
WestRock Co WRK $45.79 $56.00 22.30%
DuPont de Nemours Inc DD $79.32 $95.42 20.29%
Ecolab Inc ECL $182.91 $216.50 18.36%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
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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Below is a twelve month price history chart comparing the stock performance of WRK, DD, and ECL: Combined, WRK, DD, and ECL represent 10.30% of the The Materials Select Sector SPDR— Fund ETF. The Materials Select Sector SPDR— Fund ETF XLB $83.31 $96.34 15.64% WestRock Co WRK $45.79 $56.00 22.30% DuPont de Nemours Inc DD $79.32 $95.42 20.29% Ecolab Inc ECL $182.91 $216.50 18.36% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of XLB's underlying holdings with notable upside to their analyst target prices are WestRock Co (Symbol: WRK), DuPont de Nemours Inc (Symbol: DD), and Ecolab Inc (Symbol: ECL).
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Three of XLB's underlying holdings with notable upside to their analyst target prices are WestRock Co (Symbol: WRK), DuPont de Nemours Inc (Symbol: DD), and Ecolab Inc (Symbol: ECL). Similarly, DD has 20.29% upside from the recent share price of $79.32 if the average analyst target price of $95.42/share is reached, and analysts on average are expecting ECL to reach a target price of $216.50/share, which is 18.36% above the recent price of $182.91. The Materials Select Sector SPDR— Fund ETF XLB $83.31 $96.34 15.64% WestRock Co WRK $45.79 $56.00 22.30% DuPont de Nemours Inc DD $79.32 $95.42 20.29% Ecolab Inc ECL $182.91 $216.50 18.36% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, DD has 20.29% upside from the recent share price of $79.32 if the average analyst target price of $95.42/share is reached, and analysts on average are expecting ECL to reach a target price of $216.50/share, which is 18.36% above the recent price of $182.91. Three of XLB's underlying holdings with notable upside to their analyst target prices are WestRock Co (Symbol: WRK), DuPont de Nemours Inc (Symbol: DD), and Ecolab Inc (Symbol: ECL). Below is a twelve month price history chart comparing the stock performance of WRK, DD, and ECL: Combined, WRK, DD, and ECL represent 10.30% of the The Materials Select Sector SPDR— Fund ETF.
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Three of XLB's underlying holdings with notable upside to their analyst target prices are WestRock Co (Symbol: WRK), DuPont de Nemours Inc (Symbol: DD), and Ecolab Inc (Symbol: ECL). Similarly, DD has 20.29% upside from the recent share price of $79.32 if the average analyst target price of $95.42/share is reached, and analysts on average are expecting ECL to reach a target price of $216.50/share, which is 18.36% above the recent price of $182.91. Below is a twelve month price history chart comparing the stock performance of WRK, DD, and ECL: Combined, WRK, DD, and ECL represent 10.30% of the The Materials Select Sector SPDR— Fund ETF.
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55a6faa3-8083-4029-998b-919471e80a2c
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716059.0
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2022-02-10 00:00:00 UTC
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International Flavors' (IFF) Q4 Earnings & Sales Beat Estimates
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DD
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https://www.nasdaq.com/articles/international-flavors-iff-q4-earnings-sales-beat-estimates
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International Flavors & Fragrances Inc. IFF reported adjusted earnings of $1.10 per share in fourth-quarter 2021, beating the Zacks Consensus Estimate of $1.04. The bottom line declined 17% from the year-ago quarter’s levels.
Including one-time items, the company reported earnings per share (EPS) of 35 cents compared with the prior-year quarter’s 57 cents.
International Flavors’ net sales came in at $3,031 million in the December-end quarter, surging 139% year over year. This was driven by the additional sales related to the merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences (N&B) business. The top line surpassed the Zacks Consensus Estimate of $2,960 million. During the October - December quarter, currency-neutral sales were up 10%, aided by a double-digit increase in Health & Biosciences and high-single-digit growth in Nourish, Pharma Solutions & Scent.
Operational Highlights
During the reported quarter, International Flavors’ adjusted cost of goods sold was significantly up 170% year over year to $2,044 million. Adjusted gross profit climbed 92% year over year to $987 million. Adjusted gross margin came in at 32.6% compared with 40.5% in the year-ago quarter.
Research and development expenses flared up 64% year over year to $166 million. Adjusted selling and administrative expenses shot up 92% year on year to $403 million during the fourth quarter. Adjusted operating EBITDA came in at $529 million, up 123% from the prior-year quarter’s $237 million due to the incremental profit related to the merger with N&B. Adjusted operating EBITDA margin was 17.4% compared with the year-earlier quarter’s 18.7%.
International Flavors & Fragrances Inc. Price and Consensus
International Flavors & Fragrances Inc. price-consensus-chart | International Flavors & Fragrances Inc. Quote
Segmental Performances
Revenues in the Nourish segment soared 128% year over year to $1,626 million during the December-end quarter. Adjusted operating EBITDA was $251 million, reflecting year-over-year growth of 88.7%.
Revenues generated in the Health & Bioscience segment came in at $646 million compared with the year-earlier quarter’s $35 million. Adjusted operating EBITDA was $156 million in the quarter compared with $11 million in the prior-year quarter.
Scent segment revenues came in at $555 million compared with the year-ago quarter’s $523 million. Adjusted operating EBITDA declined 5.4% year over year to $88 million.
Revenues in Pharma Solutions were $204 million in the fourth quarter. Adjusted operating EBITDA was $34 million.
Financial Position
International Flavors had cash and cash equivalents of $715 million at the end of 2021, up from the $657 million witnessed at the end of 2020. Long-term debt increased to $10.8 billion in 2021, from $3.8 billion in 2020.
International Flavors generated $1,437 million of cash from operating activities in 2021, compared with the prior-year’s $714 million. Capital invested in purchasing property, plant and equipment totaled $393 million in 2021 compared with $192 million in 2020. Dividend paid summed $667 million in 2021.
2021 Performance
International Flavors reported an adjusted EPS of $5.63 in 2021 compared with $5.70 reported in the prior year. Earnings beat the Zacks Consensus Estimate of $5.60. Including one-time items, the bottom line came in at $1.10, down 65.7% from $3.21 reported in 2020.
Sales were up 129% year over year to $11.7 billion. The top line surpassed the Zacks Consensus Estimate of $11.6 billion.
2022 Guidance
International Flavors estimates sales to be around $12.3 billion to $12.7 billion in 2022. Adjusted EBITDA is expected between $2.5 billion and $2.6 billion. The adjusted EBITDA margin is projected to grow 4-8% on a currency-neutral basis. Currency-neutral sales growth for the year is expected to be around 6% to 9%. However, foreign currency translation is likely to affect sales growth by 2 percentage points (PP) and adjusted operating EBITDA growth by 4 PP.
Price Performance
In the past year, International Flavors’ shares have lost 0.9% compared with the industry’s decline of 30.1%.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
International Flavors currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Consumer Staples sector include Helen of Troy HELE and Medifast, Inc. MED. While HELE sports a Zacks Rank #1 (Strong Buy), MED carries a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Helen has an expected earnings growth rate of 0.6% for fiscal 2022. The Zacks Consensus Estimate for HELE’s fiscal 2022 earnings has been revised 3.7% upward in the past 60 days and is currently pinned at $11.72.
Helen’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average being 19.1%. HELE has a long-term earnings growth rate of 8%.
Medifast has an expected earnings growth rate of 18.6% for the current year. The Zacks Consensus Estimate for MED’s 2022 earnings has been revised 0.06%% upward in the past 60 days and is currently pegged at $16.19.
Medifast’s bottom line beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 17.3%.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
International Flavors & Fragrances Inc. (IFF): Free Stock Analysis Report
Helen of Troy Limited (HELE): Free Stock Analysis Report
MEDIFAST INC (MED): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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This was driven by the additional sales related to the merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences (N&B) business. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report International Flavors & Fragrances Inc. IFF reported adjusted earnings of $1.10 per share in fourth-quarter 2021, beating the Zacks Consensus Estimate of $1.04.
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This was driven by the additional sales related to the merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences (N&B) business. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report International Flavors & Fragrances Inc. IFF reported adjusted earnings of $1.10 per share in fourth-quarter 2021, beating the Zacks Consensus Estimate of $1.04.
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This was driven by the additional sales related to the merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences (N&B) business. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Operational Highlights During the reported quarter, International Flavors’ adjusted cost of goods sold was significantly up 170% year over year to $2,044 million.
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This was driven by the additional sales related to the merger with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences (N&B) business. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Adjusted operating EBITDA was $156 million in the quarter compared with $11 million in the prior-year quarter.
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2022-02-08 00:00:00 UTC
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DuPont beats profit estimates on electronics demand, boosts dividend
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https://www.nasdaq.com/articles/dupont-beats-profit-estimates-on-electronics-demand-boosts-dividend
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Adds buyback, sales; compares with estimates
Feb 8 (Reuters) - Industrial materials maker DuPont DD.N posted fourth-quarter results that beat Wall Street estimates on Tuesday and increased its quarterly dividend by 10%, flagging strong demand in its key end markets such as electronics.
DuPont has been reaping the benefits of a rebound in the auto and chip-making industries, and a rollout of 5G and other high-end technologies, more than offsetting the impacts of rising inflation and surge in raw material costs.
"Sustained strong demand in key end-markets such as electronics and water, along with our continued ability to offset raw material inflation with price, were critical to our fourth-quarter results," Chief Executive Officer Ed Breen said in a statement.
DuPont said organic sales in its Electronics & Industrial segment grew by 9%, boosted by strong volumes in the Semiconductor Technologies division.
Total sales jumped 14% to $4.3 billion and beat analysts' average estimate of $4 billion, according to Refinitiv data.
The company's adjusted net income of $1.08 per share was also above estimates of 98 cents per share.
DuPont said it was increasing its first-quarter dividend by 10% and announced a new $1 billion share repurchase program.
(Reporting by Shariq Khan in Bengaluru; Editing by Shounak Dasgupta)
((Shariq.Khan@thomsonreuters.com; Twitter: @shariqrtrs))
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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Adds buyback, sales; compares with estimates Feb 8 (Reuters) - Industrial materials maker DuPont DD.N posted fourth-quarter results that beat Wall Street estimates on Tuesday and increased its quarterly dividend by 10%, flagging strong demand in its key end markets such as electronics. DuPont has been reaping the benefits of a rebound in the auto and chip-making industries, and a rollout of 5G and other high-end technologies, more than offsetting the impacts of rising inflation and surge in raw material costs. "Sustained strong demand in key end-markets such as electronics and water, along with our continued ability to offset raw material inflation with price, were critical to our fourth-quarter results," Chief Executive Officer Ed Breen said in a statement.
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Adds buyback, sales; compares with estimates Feb 8 (Reuters) - Industrial materials maker DuPont DD.N posted fourth-quarter results that beat Wall Street estimates on Tuesday and increased its quarterly dividend by 10%, flagging strong demand in its key end markets such as electronics. "Sustained strong demand in key end-markets such as electronics and water, along with our continued ability to offset raw material inflation with price, were critical to our fourth-quarter results," Chief Executive Officer Ed Breen said in a statement. Total sales jumped 14% to $4.3 billion and beat analysts' average estimate of $4 billion, according to Refinitiv data.
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Adds buyback, sales; compares with estimates Feb 8 (Reuters) - Industrial materials maker DuPont DD.N posted fourth-quarter results that beat Wall Street estimates on Tuesday and increased its quarterly dividend by 10%, flagging strong demand in its key end markets such as electronics. "Sustained strong demand in key end-markets such as electronics and water, along with our continued ability to offset raw material inflation with price, were critical to our fourth-quarter results," Chief Executive Officer Ed Breen said in a statement. (Reporting by Shariq Khan in Bengaluru; Editing by Shounak Dasgupta) ((Shariq.Khan@thomsonreuters.com; Twitter: @shariqrtrs)) 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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Adds buyback, sales; compares with estimates Feb 8 (Reuters) - Industrial materials maker DuPont DD.N posted fourth-quarter results that beat Wall Street estimates on Tuesday and increased its quarterly dividend by 10%, flagging strong demand in its key end markets such as electronics. "Sustained strong demand in key end-markets such as electronics and water, along with our continued ability to offset raw material inflation with price, were critical to our fourth-quarter results," Chief Executive Officer Ed Breen said in a statement. DuPont said organic sales in its Electronics & Industrial segment grew by 9%, boosted by strong volumes in the Semiconductor Technologies division.
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2022-02-08 00:00:00 UTC
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DuPont de Nemours, Inc. (DD) Q4 2021 Earnings Call Transcript
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https://www.nasdaq.com/articles/dupont-de-nemours-inc.-dd-q4-2021-earnings-call-transcript
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Image source: The Motley Fool.
DuPont de Nemours, Inc. (NYSE: DD)
Q4 2021 Earnings Call
Feb 08, 2022, 8:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good day, and thank you for standing by. Welcome to the fourth quarter 2021earnings call [Operator instructions] I would now like to hand the conference over to your speaker today, Pat Fitzgerald, from investor relations.
Patrick Fitzgerald -- Head of Investor Relations
Good morning, and thank you for joining us for DuPont's fourth quarter 2021earnings conference call We are making this call available to investors and media via webcast. We have prepared slides to supplement our comments during this conference call. These slides are posted on the investor relations section of DuPont's website and through the link to our webcast.
Joining me on the call today are Ed Breen, chief executive officer; and Lori Koch, chief financial officer. Please read the forward-looking statement disclaimer contained in the slides. During our call, we will make forward-looking statements regarding our expectations or predictions about the future. Because these statements are based on current assumptions and factors that involve risk and uncertainty, our actual performance and results may differ materially from our forward-looking statements.
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Our 2020 Form 10-K, as updated by our current and periodic reports, includes detailed discussion of principal risks and uncertainties which may cause such differences. Unless otherwise specified, all historical financial measures presented today exclude significant items. We will also refer to other non-GAAP measures. A reconciliation to the most directly comparable GAAP financial measures will be included in our press release and posted to the investor page of our website.
I'll now turn the call over to Ed.
Ed Breen -- Chief Executive Officer
Thanks, Pat, and good morning, everyone. Thank you for joining our fourth quarterearnings call In addition to discussing our fourth quarter results and outlook for 2022, this morning, I will also comment on the progress of both our intended acquisition of Rogers and our process for divesting a majority of the M&M segment. Our fourth quarter results are highlighted by 6% volume gains, including a 9% increase in the E&I segment and a 12% increase in W&P.
M&M delivered top-line results ahead of expectations, including volumes well ahead of global auto builds in the quarter. Customer demand was broad-based across the portfolio, led by greater than 20% volume growth in semiconductor technologies and high teens volume growth in Water. Our top-line performance also reflects significant pricing actions we took to offset $250 million of raw material inflation in the quarter. We are seeing increases in all businesses with about three-fourths of the impact in M&M.
Our teams have done an outstanding job monitoring our input costs and quickly translating that into price increases to remain price cost neutral for the year. We are taking additional actions as we work to offset logistics costs, which, during the fourth quarter, were a $50 million headwind, mostly in W&P. I want to recognize and thank our employees who show up every day in our factories to keep our lines running and supplying the necessary products and solutions to deliver results like we reported today. Their unwavering commitment in the face of a relentless pandemic, ongoing supply chain disruptions, and logistic challenges deserves our gratitude.
Turning to Slide 3, I will provide an update on our portfolio transformation and will review how our focus on those strategic actions, balanced capital allocation, and innovation-led growth position us extremely well heading into 2022 to continue unlocking value for our shareholders, innovating for our customers, and creating opportunity for our employees. In November, we announced our planned acquisition of Rogers Corporation, as well as our intent to divest a significant portion of our M&M segment. These portfolio actions will position DuPont among the top of the multi-industrial peer set with top-quartile revenue growth, EBITDA margins, and low cyclicality, all hallmarks of top-performing companies. Going forward, our business will be centered around the secular, high-growth pillars of electronics, water, industrial technologies, protection, and next-generation automotive.
Our team sees strong customer demand across these pillars, driven by megatrends such as the transition to hybrid and electric vehicles, clean water, sustainability, and the move to 5G. The preparation for the Rogers acquisition is well underway and on track for end of second quarter closing. Several significant milestones in the path to closing have already been achieved. In mid-December, the waiting period under the HSR expire here in the U.S., and regulatory processes in other parts of the world are underway.
Just two weeks ago, on January 25th, Roger shareholders voted to approve the transaction. Excitement is building for combining this business with our portfolio of electronics offerings, which includes our recent acquisition of Laird Performance Materials. Our teams are anxious to get to the point where we can start working with the application engineers, R&D, and sales teams at Rogers to map out the revenue synergy opportunities in the areas of next-generation auto, 5G infrastructure, defense electronics, and clean energy. Combined with Laird, these acquisitions increase the total addressable market of our E&I business by approximately 50% and will deepen our penetration into markets such as electric vehicles, consumer electronics, and industrial technologies.
A lot of work has been done to plan for the cost synergies associated with the Rogers acquisition, which we expect to be approximately 150 million. We also have line of sight to about 63 million of cost synergies from the Laird acquisition from last summer, which is ahead of our target. We are looking across both of the acquisitions, as well as our existing E&I business to maximize our synergies through G&A and footprint optimization, along with procurement savings. We also announced that we have initiated a process to divest the majority of the M&M segment.
Our work here is also on track and progressing well. As I had expected, there is a significant level of interest in this market-leading asset, and I am pleased with how the process is progressing. Our target is to have a signed agreement by the end of the first quarter with the closing in the fourth quarter of this year. In addition to positioning the company as a top-performing multi-industrial, these transactions enable us to transform the portfolio while maintaining a strong balance sheet and continuing with a balanced financial policy.
Today, we announced that our board has approved a 10% per share increase to our dividend, which is consistent with our commitment for a dividend payout in the range of 35% to 45% and to grow the dividend annually in line with earnings. In addition, our board has also authorized a new 1 billion share repurchase program, which enables us to continue returning value to our shareholders as we expect to complete the remaining 375 million under our existing authorization in the first quarter, ahead of the planned expiration. After paying down the financing associated with the Rogers acquisition, we expect to deploy a significant portion of the remaining M&M proceeds to do further M&A to build on our core areas of strength, as well as additional share repurchases. We will also generate strong cash flow this year in addition to the 240 million gross proceeds from the biomaterials divestiture, which is the last of our non core divestitures.
Our strong balance sheet positions us well to deliver for all stakeholders through investment in our business, dividends, share repurchases, and additional M&A. Finally, we will deliver shareholder value through staying focused on innovation, which is at the core of DuPont. The 6% volume growth we delivered in the quarter and 10% volume growth for the year benchmarks well against our top peers. For the quarter, our volume gains, excluding M&M segment, were up 10%.
These results are proof point that the work of our R&D teams and application engineers who spent countless hours working alongside our customers solving their most complex challenges is an advantage in the marketplace. Our focus on innovation is also at the core of our ESG strategy through both innovation and our own processes to reduce greenhouse gas emissions at our factories, as well as new product innovations that support and advance our customer sustainability goals in areas such as clean water, clean energy, electric vehicles, and connectivity. The levers of portfolio transformation, balanced capital allocation, and innovation-led growth is a powerful combination to create long-term shareholder value at DuPont. With that, let me turn it over to Lori to discuss the details of the quarter, as well as our financial outlook.
Lori Koch -- Chief Financial Officer
Thanks, Ed, and good morning, everyone. As Ed mentioned, customer demand in our key end markets remain strong in the fourth quarter. We continue to face unprecedented global supply chain challenges and rising inflation. However, the swift pricing actions that we continue to implement are benefiting top-line performance and maintaining earnings on a dollars basis.
These factors, along with our intense focus on execution, contributed to net sales, operating EBITDA, and adjusted EPS results above our guidance. In addition, we have solid cash flow generation and returned over 650 million in capital to shareholders during the quarter through 500 million in share repurchases and over 150 million in dividends. For the year, we returned more than 2.7 billion in cash flow to shareholders, 32.1 billion in share repurchases, and 600 million in dividends. Turning to Slide 4.
Net sales of 4.3 billion were up 14% versus the fourth quarter of 2020, up 13% on an organic basis. Organic sales growth consists of 7% price gains, reflecting the continued actions we are taking to address inflationary pressure and 6% volume growth. A 2% portfolio tailwind reflects the net impact of strong top-line results related to our acquisition of Laird and headwind from non core divestitures. Currency was a 1% headwind in the quarter.
Overall sales growth was broad-based and reflects double-digit organic growth in all four regions and high-single-digit to double-digit organic growth in all three reporting segments. From an earnings perspective, we reported fourth quarter operating EBITDA of 973 million and adjusted EPS of $1.08 per share, up 5% and 54%, respectively, from the year-ago period. Our incremental market in the quarter was pressured by price costs and logistics. Net of these impacts, our incremental margin was about 33% in 4Q.
Ed mentioned earlier the pricing actions that we took throughout the year, resulting in us offsetting about 250 million of raw material inflation in the quarter. And we also ended the year price cost neutral. The raw material inflation, coupled with about 50 million of higher logistics costs in the quarter, were headwinds to our margins. I will provide more detail of the margin compression we saw in the quarter in a few minutes.
From a segment perspective, E&I delivered 10% operating EBITDA growth on volume gains and earnings uplift from Laird, which more than offset raw material and logistics segments, as well as start-up costs associated with our Kapton capacity expansion. In W&P, operating EBITDA increased 7% as pricing gains and volume growth more than offset higher raw material and logistics costs. We will remain disciplined in our pricing approach as we move into 2022 to address continued inflation. M&M operating EBITDA declined 3% as net pricing gains were more than offset by lower equity earnings due to higher natural gas costs in Europe.
In the quarter, cash flow from operating activities was 621 million and capex was 184 million, resulting in free cash flow of 437 million. Free cash flow conversion was 100%. In addition, we received gross proceeds of about 500 million during the quarter from our Clean Technologies divestiture, which was closed at the end of December. Before we go to the next slide, I would also like to make a few comments on our full year performance.
Full year net sales of 16.7 billion grew 16% and were up 14% on an organic basis. The organic growth consists of a 10% increase in volume and a 4% increase in price. Organic sales growth reflects double-digit growth in all four regions and in all three reporting segments. Further, all nine of our business lines had organic growth in 2021, and seven of the nine business lines grew double digits.
The 10% increase in volume for the year consists of gains in all three reporting segments and within all nine business lines, reflecting robust global customer demand in secular growth areas, such as electronics and water, along with recovery in end markets negatively impacted by the pandemic in prior year, such as automotive, commercial construction, and select industrial markets. Full year operating EBITDA of 4.2 billion increased 21%, reflecting 1.3 times operating leverage, operating EBITDA margin expansion of about 100 basis points, an incremental margin of 32%. Operating EBITDA increased for all three reporting segments during the year. Full year adjusted EPS of $4.30 per share was up about 95% from prior year on higher segment earnings, a lower share count, and lower interest expense.
Slide 5 shows the impact that price cost inflation had on our operating EBITDA margin in the fourth quarter. As costs continued to rise throughout 2021, our fourth quarter results reflect the largest headwind to quarterly margins for the year. In total, pricing actions fully offset about 250 million of raw material inflation, which was higher than our expectations for input costs coming into the quarter and mainly in the M&M segment. While our pricing actions have enabled us to maintain earnings, the price cost inflation resulted in a significant headwind of about 150 basis points to operating EBITDA margins versus the year-ago period.
Additionally, higher logistics cost of about 50 million in the quarter resulted in a margin headwind of about 120 basis points. Offsetting the headwinds from raws and logistics was a 70 basis-point improvement in operating EBITDA margin, which includes volume growth in E&I and W&P and the benefit associated with the Laird acquisition. If you exclude the price cost and logistics headwinds in the quarter, on an ex-M&M segment basis, our operating EBITDA margin was above 26.5% in the fourth quarter, further illustrating our strong performance and putting an emphasis on our planned portfolio actions. Turning to Slide 6, which provides more detail on the year-over-year changes in the net sales for the quarter.
As I mentioned earlier, organic sales growth of 13% during the quarter consists of 7% pricing gains and 6% volume growth. In E&I, volume gains delivered 9% organic sales growth for the segment, led by higher volumes in semiconductor technologies of more than 20%. Semiconductor technologies demand was driven by the ongoing transition to more advanced node technologies resulting from growth in electronics megatrends. Semi Tech was up mid-teens for the full year.
And we expect to continue to outpace MSI growth as we head into 2022. We are seeing more investments in semiconductor capacity, which we expect to be a positive for us in the long term. Industrial Solutions was up mid-teens during the quarter on volume growth, which was driven by ongoing strength for Kalrez and Vespel within electronics and industrial end markets, along with strong demand for medical silicones and biopharma and healthcare applications. Organic growth for Industrial Solutions was up mid-teens for the full year as well.
As expected, organic sales growth for Interconnect Solutions was down in the quarter, reflecting the anticipated impact of the shift in demand related to premium next-generation smartphones to the first half of 2021, along with softness in automotive end markets related to the semi chip shortage. For the full year, organic sales growth for our Interconnect Solutions was up mid single-digits. And we expect to return to a more traditional seasonality in 2022. In addition, we recently completed our Kapton expansion project here in the U.S., which expands our production of polyamide film and flexible circuit board materials.
We will begin qualifying materials in the first half of this year for high-value applications, which will start to accelerate in the second half of 2022. For W&P, 17% organic sales growth during the quarter consisted of a 12% increase in volume, including volume gains in all three businesses, and 5% pricing gains. Sales gains were led by high-teens organic growth in Safety Solutions as continued recovery in industrial end markets resulted in significant volume improvement for Nomex and Kevlar air and mid fibers. Within Water Solutions, high-teens organic sales growth reflects strong global demand for water technologies, primarily in industrial and desalination markets.
Shelter Solutions sales increased on mid-teens organic growth, driven by continued strength in North American residential construction and continued recovery in commercial construction led by higher demand for quarry and services. Year-over-year pricing gains of 5% during the quarter relate primarily to actions taken in safety and shelter in response to raw material inflation and also reflect sequential price improvement from all three business lines within W&P versus the third quarter. For the full year, W&P delivered 10% organic sales growth on 8% volume improvement and 2% pricing gains. Safety and Shelter Solutions were up low double digits organically, and Water Solutions was up mid single digits for the year.
The global demand for clean water technologies remained strong, and expanding our capacity remains a priority for us. For M&M, 13% organic sales growth during the quarter was driven by a 16% increase in price, offset slightly by a 3% decline in volumes. M&M within the segment within our portfolio most significantly impacted by raw material inflation. The 60% local price increase during the quarter reflects continued actions taken to offset higher raw material and logistics costs.
Volume declines reflect softness in global auto production due to supply constraints, primarily the semiconductor chip shortage. For the year, M&M organic sales growth was 24% on 12% higher volume and 12% pricing gains. All three business lines within M&M delivered organic sales growth of greater than 20% for the full year. Turning to Slide 7.
Adjusted EPS of $1.08 per share was up 54% from $0.70 per share in the year-ago period. Higher volumes and strong results from Laird more than offset higher logistics costs and other operating items, such as Kapton start-up costs. Below-the-line items continue to benefit our EPS results compared to the year-ago period, primarily our lower share count. Lower interest expense was mainly offset by a higher tax rate.
For full year 2022, we expect our base tax rate to be in the range of 21% to 23%. Let me close with a few comments on our financial outlook on Slide 8. We expect continued top-line strength across the portfolio in 2022, led by ongoing strength in semiconductors, as the industry continues to operate near capacity to meet demand and consistent demand in areas such as industrial technologies, smartphone sales, housing starts, and water filtration. Our plan assumes these market dynamics will lead to solid volume growth in 2022.
In 2022, we are planning that raw material and logistics costs will remain at elevated levels with approximately 600 million of year-over-year headwinds versus 2021, primarily in the first half. Once again, the raw material inflation will be predominantly in our M&M segment. In response, we are implementing more price increases in all businesses, which will enable us to offset raw material and logistics costs on a full year basis, but we will lag in the first quarter. We expect our operating EBITDA margins to improve throughout 2022, driven by volume growth, productivity, acquisition synergies, and full implementation of pricing actions.
In the first quarter, we expect net sales between 4.2 billion and 4.3 billion and operating EBITDA between 940 million and 980 million. At the midpoint of our guidance range, we are anticipating first quarter operating EBITDA margins to be about flat sequentially with the fourth quarter of 2021. We expect sequential improvement in E&I and M&M to be offset by W&P as manufacturing cost increases stemming from the omicron variant and ongoing logistics cost headwinds lead to sequential margin decline. For the full year, net sales of 17.4 billion to 17.8 billion and operating EBITDA of approximately 4.4 billion at the midpoint reflects volume growth and acceleration of additional pricing gains throughout the year to offset the impact of both raw material and logistics cost increases.
We expect operating EBITDA margin in the back half of 2022 to return to more normalized levels as impacts from the omicron variant subsides, as well as gains from volume improvement, productivity actions, acquisition synergies, and full implementation of price increases. In closing, I want to note that our guidance is based on the current DuPont portfolio today, including the businesses and scope of the planned M&M divestiture. Once we sign a deal, the in-scope M&M businesses will move to discontinued operations. And we will reset the guidance [Inaudible] DuPont.
With that, let me turn the call back to Ed.
Ed Breen -- Chief Executive Officer
Thanks, Lori. Let me close by summarizing why I am excited about 2022 at DuPont. Our results demonstrate that our businesses deliver the solutions our customers demand and a tight supply chain and challenging logistics environment. We delivered 6% volume growth well ahead of our expectations coming into the quarter.
Our teams continue to work closely with our customers to understand their complex material challenges and to win business by delivering innovative and sustainable solutions. You can also see our teams are managing every lever within our control. This is evident through our delivery of pricing gains to offset every dollar of raw material inflation in 2021. And these actions continue into 2022.
In addition to having our fundamentals in place, we are on track to complete a few substantial steps in the transformation of DuPont in 2022 with the planned Rogers acquisition and the M&M divestiture. These transactions, as well as the potential for additional M&A in strategic areas, position DuPont as a premier multi-industrial company, focused in the areas of electronics, water, industrial technologies, protection, and next-generation auto. And finally, because of our ability to complete this transformation while maintaining a strong balance sheet, we will be in a position to generate value for all stakeholders through organic and inorganic investment in our businesses and by staying committed to our dividend and share repurchases as we announced today. I look forward to providing you updates on each of these areas as we progress through 2022.
With that, let me turn it to Pat to open the Q&A.
Patrick Fitzgerald -- Head of Investor Relations
Thanks, Ed. Before we move to the Q&A portion of our call, I would like to remind you that our forward-looking statements apply to both our prepared remarks and the following Q&A. We will allow for one question and one follow-up question per person. Operator, please provide the Q&A instructions.
Questions & Answers:
Operator
[Operator instructions] Your first question comes from the line of Jeff Sprague with Vertical Research.
Jeff Sprague -- Vertical Research Partners -- Analyst
Thank you. Good morning, everyone. Good morning, Ed and Lori.
Ed Breen -- Chief Executive Officer
Good morning, Jeff.
Jeff Sprague -- Vertical Research Partners -- Analyst
Good morning. Hey, two questions for me. First, just on M&M. Ed, is the tenor of the discussion around valuation, you know, still in the ballpark of what you were thinking, you know, back in November, kind of given the market turmoil that we're looking at?
Ed Breen -- Chief Executive Officer
Yes. No change to the comment I made the last time. Feeling very good about the process. Multiple people very interested in the asset, and we're moving along as quickly as we can here.
We'll have a deal to announce before the end of the first quarter.
Jeff Sprague -- Vertical Research Partners -- Analyst
Great. And then just thinking about the portfolio after this. I have done a lot of the benchmarking work myself. And the company does look a lot different when this is behind you.
But I just wonder if you could give us a sense of what you think, you know, the organic growth profile of the company is once you get these two moves done. And, you know, should we be expecting kind of other portfolio moves? Or we're moving more into maybe, I don't know, maybe bolt-on acquisition mode with a focus on organic growth, perhaps?
Ed Breen -- Chief Executive Officer
Yes. Jeff, a couple of comments. And by the way, I think it really does transform the portfolio into a premier multi-industrial. You know, if you look at just the fourth quarter results, if you take M&M out, the portfolio grew volume 10%.
It was 6% with M&M in it. And by the way, if you look at the EBITDA margin profile, it would improve by 190 basis points with M&M out. So, as we said before, with this move we're making, we're definitely going to improve our top line and the stability of it. We're going to improve our EBITDA margins.
And we're clearly significantly reducing cyclicality in M&M portfolio. And by the way, I think in Lori's comments or my comments, you know, 70% of our raw material increases this year where, in the M&M segment, by the way, we're getting significant price and covering it. But somewhere down the road is commodity costs online, the pricing online. And if it was in the DuPont portfolio, by the way, our organic growth rate will look horrible for a year, even though the M&M business is a phenomenal business and a great cash generator.
So, it really fixes a lot of things. And then, of course, adding Laird and Rogers, by the way, the consistency of those secular end markets that we're adding in are very nice. And I'd give you an overall comment. When you look at the pie chart on the new DuPont after these moves are made, by the way, and assuming maybe another key acquisition happens, you know, that we add into one of these secular areas we talked about, our five areas, you have about 45% of the portfolio that outgrows GDP and about 55% of the portfolio probably somewhere around GDP.
So, you're really very much tweaking that end market secular exposure we have to have a really consistent nice, higher organic growth rate in the company.
Jeff Sprague -- Vertical Research Partners -- Analyst
Great. Thank you.
Ed Breen -- Chief Executive Officer
Thanks, Jeff.
Operator
Your next question comes from Scott Davis with Melius Research.
Scott Davis -- Melius Research -- Analyst
Hey, good morning, Ed, Lori, and Pat.
Ed Breen -- Chief Executive Officer
Good morning, Scott.
Lori Koch -- Chief Financial Officer
Good morning.
Scott Davis -- Melius Research -- Analyst
Good luck with M&M. Looks like we're going to get an announcement in another couple of months. But I want to switch over to W&P because it seems to be back on track, pretty big core growth numbers even excluding price. What -- was it your ability to meet customer demand in the quarter that changed? Or did the actual customer orders go up substantially in the quarter? And is this business just a little lumpier than, perhaps, we may think it is and, you know, you're going to have some ebbs and flows?
Ed Breen -- Chief Executive Officer
You know, a couple of things, Scott. First of all, the order rates have continued to go up. In the last couple of weeks, we've had really nice order input in the business. So, that's continuing on a nice trend, and it's almost every one of those end markets that Lori touched on in her prepared remarks.
But we also, in the quarter, did a nice job getting through some of our, call it, past due backlog. By the way, one of the areas, if you all remember this, this quarter, we had 19% growth in the water business. And the two quarters before that, we highlighted to you that we were having a tough time getting some shipments out the door in the water business. And, you know, we had low single-digit growth in the, you know, if you combine the second and third quarter, and it obviously should have been higher in the second and third quarter.
So, we really got a lot of the logistics cleaned up. The port's cleaned up a little bit in some of the areas where we ship our water products. And we got 19%. So, we flushed out a lot of that second and third quarter.
Having said that, the water orders coming in still look very robust. So, we're feeling good about what we're getting out the door to satisfy our customers. And the order intake is still coming into the company. So, on the point I made a minute ago to Jeff, you combined W&P and E&I, which will be the new portfolio, 10% volume growth in the quarter on top of us getting pricing.
Scott Davis -- Melius Research -- Analyst
Right. And, Ed, is the strategy to price around raws or price and raws plus logistics?
Ed Breen -- Chief Executive Officer
Yes. Scott, it's to get both. What I think has happened to everybody, you know, you see your input costs on the raws, and we've been getting pricing. But, like we said, we covered it 100% in 2021.
But the logistics costs, especially ocean freight, just started going bonkers around October, November, kept going up in December. And it wasn't even up and staying up. It was continuing to go up. And, you know, some of the ocean freights, literally up 700%, 800%.
It's crazy. So, I think everyone is still chasing that. And that's really a big part of our story in the first quarter in W&P, where we're implementing more pricing -- well, by the way, we're implementing more pricing actions across the portfolio, but we're really going at it on the W&P side because they have more of our logistics costs than the other two businesses. And, you know, we're putting through more pricing there.
So as we get into second quarter, for W&P, we'll start to see margin improvement and keep building as we go through the year.
Scott Davis -- Melius Research -- Analyst
OK, helpful. Good luck, everybody. Thanks, guys.
Ed Breen -- Chief Executive Officer
Thanks, Scott.
Operator
And your next question comes from the line of Steve Tusa with J.P. Morgan.
Steve Tusa -- J.P. Morgan -- Analyst
Hey, good morning, guys.
Lori Koch -- Chief Financial Officer
Good morning.
Ed Breen -- Chief Executive Officer
Hey, Steve, good morning.
Steve Tusa -- J.P. Morgan -- Analyst
Are you still thinking kind of the same -- I know the market has been a little bit volatile, but any update on your expectation for the multiple for M&M ultimately?
Ed Breen -- Chief Executive Officer
Yeah. I stick with my comments that I made last time. I think when I made the comments, our 2021 multiple was a little shy of 11%. And I said we will get more than that for this asset.
But I think our multiple now is still a little shy of 11% in 2022. And I stick with my comment that I made last time.
Steve Tusa -- J.P. Morgan -- Analyst
Great. And then just the kind of price cost dynamics first half to second half, I am sure that's part of the kind of seasonal ramp. I know it's a little bit tough to tease out what normal seasonality here is for this new portfolio, but maybe, you know, just put that in the context of the 1Q EBITDA guide, if you could. I'm sure that's an aspect.
Lori Koch -- Chief Financial Officer
Yes. So, in the first quarter, we still see logistics as a headwind to earnings. They are probably in the same range that we called out for the fourth quarter of $50 million. So, as the year goes on, we will expect to offset that to land neutral on a full year basis on those raw material escalation and logistics.
So, that's a piece of our sequential margin improvement as the year goes on kind of getting back into more normal patterns in the second half. Another benefit that we will see as the year goes on is really just the volume drift. And so, we will expect sales to increase coming out of Q1 to get to the full year guide of a midpoint of 17.6 billion. And beyond that, just the lift that we're expecting around productivity as we enact productivity actions, get more synergies out of the layer transactions.
So, we're doing really well there. We've actually upped our expectations slightly from 60 million when we announced the deal. So, now we're targeting closer to 63 million from the Laird synergies. So, all of those things combined are what's giving us confidence in the margin ramp coming out of Q1.
Steve Tusa -- J.P. Morgan -- Analyst
Great. All right, thanks a lot, guys. Appreciate it.
Ed Breen -- Chief Executive Officer
Thanks, Steve.
Operator
Your next question comes from John Walsh with Credit Suisse.
Lori Koch -- Chief Financial Officer
Good morning.
John Walsh -- Credit Suisse -- Analyst
Hi, good morning, everyone.
Ed Breen -- Chief Executive Officer
Good morning, John.
John Walsh -- Credit Suisse -- Analyst
Maybe just circling back to the guidance, if we look at 2021, you outperformed your initial guide by about 8% on EBITDA at the midpoint in the face of a lot of inflationary pressures. As we think about 2022 and how you kind of set the initial guide, is it really just, you know, running forward some supply chain continuation of the current environment? Or is there anything that's DuPont specific that we should be aware about when you set that guidance?
Lori Koch -- Chief Financial Officer
No. I wouldn't say there is anything DuPont-specific. So, obviously, we still have caution in the first quarter around not being able to cover the logistics headwind, as well as primarily within our W&P segment, some impacts on production because of omicron. So, we're seeing some lower production rates in January, primarily in our W&P business, which has large facilities here in the U.S.
We're seeing some absenteeism from the omicron variant that's leading to lower production on assets that usually run sold-out, as well as higher labor costs as we deal with some overtime. So, the margin profile that we have at the midpoint in Q1 of 22.8%, we expect to escalate as the year goes on, landing more to 25% on a full year basis. But to your question, I wouldn't say there is anything different in our methodology about how we provide guidance for the full year versus any other company.
Ed Breen -- Chief Executive Officer
Yeah, I would add one other comment also. Lori and I plan that raw material inflation stays where it's at for the full year. So, that's an assumption that we have in our planning. So, again, we've got to continue to get the price to cover the logistics and any other raw inflation that we see.
And we are, again, enacting across all the portfolio as we enter, you know, the new year here. That continues. But we're making that assumption that it stays up here. And we got to get it covered.
Lori Koch -- Chief Financial Officer
Yes. So, I'll say, we're expecting another 250 million in Q1 year over year, probably about the same range in Q2. And then we expect it to plateau not decline but plateau in the second half.
John Walsh -- Credit Suisse -- Analyst
Great. Thank you for that color. And then maybe just a follow-up on how you're thinking about volumes by geography or major countries, however you'd like to speak on it, as we think about 2022? Thank you.
Lori Koch -- Chief Financial Officer
Yeah, we expect continued robust growth again across the different regions. So, in 2022, if you look at our guidance for it, 6% of the midpoint on a total company basis. But if you take out the headwind that's in non core from the divestiture of the clean tech business, we're actually at about 8% total growth in 2022. So, we see strength again in North America and Europe, Asia Pacific, all kind of up in the high single-digit range with a little tempering in Latin America.
But again, Latin America is not a huge portion of our footprint.
John Walsh -- Credit Suisse -- Analyst
Great. Thanks for taking my questions.
Ed Breen -- Chief Executive Officer
Thanks, John.
Operator
Your next question comes from David Begleiter with Deutsche Bank.
David Begleiter -- Deutsche Bank -- Analyst
Thank you. Good morning. Just --
Ed Breen -- Chief Executive Officer
Good morning, David.
David Begleiter -- Deutsche Bank -- Analyst
Good morning. Just on W&P pricing in this cycle, how sticky do you think it will be this time around versus maybe prior cycles?
Lori Koch -- Chief Financial Officer
Yeah. I mean, we are looking to get kind of in the mid-single-digit price increases in this year, so we had 5% in Q4. We look to maintain that pace through the first half. It obviously will temper a bit in the second half on a year-over-year basis as you lap the price increases that we started in Q3 and picked up in Q4.
So, I would say, W&P price stickiness is a little bit stickier than what we would see in the M&M business. So, we would expect that to turn around once the raw material starts to recede. So, we are hoping that we can maintain those price increases. But we'll see what the raw material and the inflation environment looks like as we go forward.
David Begleiter -- Deutsche Bank -- Analyst
Very good. And just on PFAS, any update on this issue? And what progress could you hope for this year in terms of removing the overhang? Thank you.
Ed Breen -- Chief Executive Officer
Yeah, David. Look, I think we're going to make very good progress this year. I will just give you a couple of things. Chemours, Corteva, and DuPont are working extremely well together.
I would say, we are very synced up on wanting to get some outcomes here in the first half of 2022. So -- and I mentioned that, David, because one of the issues we had a year ago before we signed the cooperation agreement and the structure we put in place between the three companies, we were just wasting a lot of time talking internally within the three companies and wasting, I think, valuable time, not being synced up because we didn't have that agreement in place. We're really, every single week now, in discussions with third parties to resolve issues. We're literally synced up on weekly calls.
And it feels really good that we can make progress. Obviously, the big focus would be getting the water district cases settled on the PFAS side of things. We have a few states that will do some settlements with -- like we did in Delaware. And so, we're feeling very, very good that we will make some progress.
And again, a lot of conversation is going on presently. And, you know, it's productive.
David Begleiter -- Deutsche Bank -- Analyst
Thank you.
Ed Breen -- Chief Executive Officer
By the way, it's very high on Ed Breen's personal list. I understand the importance of getting that stuff resolved and personally spending a lot of time on it.
David Begleiter -- Deutsche Bank -- Analyst
Great. That sounds great. Thank you.
Ed Breen -- Chief Executive Officer
Yup.
Operator
Your next question comes from the line of Chris Parkinson with Mizuho.
Chris Parkinson -- Mizuho Securities -- Analyst
Great. Thank you very much. Just very quickly, could you speak to the current backdrop in semiconductors for '22, given the recent sector noise, the competitive environments, and just also how investors should be thinking about the current capex cycle flowing through your outlook for '23 and even potentially longer term? Thank you.
Ed Breen -- Chief Executive Officer
Well, the capex piece, as we have said, we are going to be on the higher side for about a year and a half here still. We've got a couple of these big expansion projects going on. We are just winding -- so, by the way, we're going to run about 6% on capex. We would like to over, the medium term, run that more a little bit under 5%, mid-4s, you know, high-4s, somewhere in that range.
But we just finished up the Kapton program, but we got some water expansion stuff we are looking at. And obviously, we have the big Tyvek expansion which is our single biggest capex program going on over in Luxembourg right now that still goes on for about a year and a half. So, we are going to run a little bit higher. But pretty much where our capex is going is where we need capacity, which is maybe a good problem to have.
Lori Koch -- Chief Financial Officer
Yeah. And I think on the semi capex front, obviously, the industry is running, I think, at about 98% capacity right now. So, contributing to the really strong growth that we saw overall semi in 2021 with 15%. We will look to have this strength again maybe in the high single digits, low double digits in 2022.
So -- and as they invest capacity and capex in the semi space obviously benefits our portfolio. So, we tend to outpace MSI for the amount of wafers produced by 200 to 300 basis points. So, that number continues to show strength in the coming years from all of the demand and the capacity that's going in. We'll participate in that uplift as well.
Ed Breen -- Chief Executive Officer
Yeah. Part of our growth -- by the way, a nice piece of it, if you remember, from the teach-ins that John Kent did, is a lot of more complex semiconductors, more layered chips and all that, and that plays to our advantage. It gives us growth. But growth is, as you all know, has been a little tempered to Lori's comment right now because we need new fabs to come on board.
So, it looks like a nice business to be in over the next decade as new fabs come on. And we have seen a couple of announcements recently in the U.S. where some fabs are going. So, it looks like a nice trend for the next decade.
Chris Parkinson -- Mizuho Securities -- Analyst
And just you hit on all the follow-on topics on W&P between prepared remarks. I just want to flush something out, in terms of just given the strong pricing outlook, let's say, the eventually abating P&L and labor-related cost headwinds and then the growth outlook for, let's say, safety protective versus shelter, could you just remind us and just give us maybe your updated thoughts on normalized margins for that segment going forward, let's say '23 forward? Thank you.
Lori Koch -- Chief Financial Officer
Yes. So W&P, as we had mentioned, we will see sequential margin deceleration from Q4 into Q1, really driven by the items that we had called out. But if you exclude the raw material and logistics net headwinds and the headwinds that we are seeing from a production perspective, the W&P margins in the quarter should be almost 500 basis points better than what we may post because of those headwinds. And so, you are getting that more into the 26% range.
You know, I think, going forward, those margins should be in the 26%, 27% EBITDA margin profile.
Chris Parkinson -- Mizuho Securities -- Analyst
Thank you very much.
Operator
Your next question comes from John McNulty with BMO Capital.
John McNulty -- BMO Capital Markets -- Analyst
Yes. Thanks for taking my question. Ed, it looks like you are going to have a mountain of cash once mobility is sold off. Can you speak to what you are seeing in terms of the M&A pipeline? It sounds like you have got some chunky targets out there with the volatility that we have seen in the market.
Have you seen those multiples come in at all? Are they still hanging in there? I guess, how should we be thinking about that?
Ed Breen -- Chief Executive Officer
Yeah, I mean, I think generally, the multiples are hanging in there, but we will see how the year goes. We, John, most likely won't do an acquisition until after we get the proceeds from M&M, which will be in the fourth quarter. And we are not missing out on something we want by waiting in that time window. So, you know, we will see where things sit at that point in time.
By the way, what we are looking at are things that are right in the wheelhouse of those five core secular growth areas I mentioned to you. So, we are not looking at something that's off another leg on the stool or something like that. We really feel we can beef up our opportunities in existing customers bases and expand customer bases and technology areas that we already know we sell into. And, you know, we can expand it and add to it.
I think by the way, Laird and Rogers are two perfect examples of that. I'm not saying it's in that area. But something like that defense will get a kind of cost synergies out of when we do it. So, that's kind of our timeline of what we are thinking that, you know, as we exit next this year we are in now, possibility for an acquisition or two.
By the way, this number could be, give or take, $1 billion, but we will probably be sitting on, you know, between cash flow, selling M&M, buying Rogers, you know, capex, everything else that kind of goes into it, we will probably be sitting just for planning purposes with like $6 billion of excess cash, somewhere in that zip code as we consummate this year.
John McNulty -- BMO Capital Markets -- Analyst
Got it. No, that's helpful. And then just a question on the raw material and inflation front. I guess, at this point, do you have actual constraints from a supply chain perspective where you're not -- you're being kind of held back and putting out product at this point, like whether it's force majeures or logistical challenges or what have you? Or are you pretty well squared away at this point? And now, it's just the inflation that you have to worry about? And when will that maybe settle then?
Lori Koch -- Chief Financial Officer
Yes. I would say, in general, the raw material constraints are pretty much behind us. There are some force majeures that we are dealing with, but they are not holding back our production. What is holding back our production is what I had mentioned earlier with some of the omicron absenteeism at some of our sites in the U.S.
That's primarily impacting the W&P segment. So, we had planned our Q1 guidance, but that doesn't materially get better versus what we saw in January. So, that's really the only place where we are seeing constraints in production.
Ed Breen -- Chief Executive Officer
And we would think that's really a one-quarter issue the way omicron is now coming down. We had a key production facility. We missed two days of production. I think it was two weeks ago, lack of staffing.
We were back up on the third day. It's things like that. We are paying everyone overtime to work more hours, you know, and that's costing us money. And a lot of that, we obviously plan will subside here sometime in the first quarter.
But from a planning purpose, we just made the assumption that January, February, and March will all look the same because of omicron and those type of issues.
John McNulty -- BMO Capital Markets -- Analyst
Got it. Thanks very much for the color.
Ed Breen -- Chief Executive Officer
Yup. Thank you.
Operator
And your next question comes from Steve Byrne with Bank of America.
Steve Byrne -- Bank of America Merrill Lynch -- Analyst
Yes. Thank you. Would you attribute the 9% volume growth in E&I to your customers just running harder and some capacity expansions, or is this also from share gains? And if the latter, what precludes you from not getting more price in the segment? Is that only possible with a price mix shift? And can you preclude the legacy products from declining in price?
Lori Koch -- Chief Financial Officer
Yes. So, I would say it's a combination of just a really robust end markets within E&I, as well as some share gain primarily within the semi space. And so, our semi segment was up 22% in the quarter. You know, that's mainly volume, back to the earlier comment around the fabs running full out as well as some share gains on our point and also some benefit in the mix of chips that are being produced.
Those chips that have more advanced nodes favor our portfolio. And as far as price, we are getting price. It's netting out to a slight headwind because there is a normalcy that goes on within the electronics segment. And so, we have sized that about 1% annual fee in the E&I segment that happens across the electronics industry.
That's not something that's just a DuPont factor that goes on across electronics. And so, if you take that out, we actually did net some price to be able to offset the raw material headwinds that we are seeing within E&I. But back to the pie chart that we provided in our slides, E&I is the smallest portion of our portfolio that has headwinds on the raw material front, only about 10% of the headwinds that we saw of the 250 million in the quarter was from E&I.
Steve Byrne -- Bank of America Merrill Lynch -- Analyst
And in your remarks, Lori, you mentioned about the water technologies focusing on, you know, industrial end markets and desalination. So, you clearly have the platform for purification. My question for you, do you have the right technology? Or do you need to hold on to it to expand from purification to extraction such as, you know, extracting minerals out of brine like lithium?
Ed Breen -- Chief Executive Officer
Yeah, we're -- let me just answer it this way. We are -- we would love to do an acquisition in the water area, and you would probably pick up some technologies in that area. There are technologies we would like to add in the portfolio. By the way, there is not a ton of water assets out there.
But as you know, we did four acquisitions. I don't know what --
Lori Koch -- Chief Financial Officer
End of '19.
Ed Breen -- Chief Executive Officer
The end of '19, I believe, if you the track the time here. They were all smaller, but now are growing really nice. So, that is a potential path for us. If there is not something a little chunkier that we really, really like.
But that's a space. We just feel the next couple of decades are great secular growth areas. And we've got great technology already we would like to add to, probably very similar in the Laird and Rogers coming into E&I, how that adds on to existing technologies we have. So, definitely, an area of interest and could pick up some of those technologies in that extraction area.
Steve Byrne -- Bank of America Merrill Lynch -- Analyst
Thank you.
Ed Breen -- Chief Executive Officer
Thanks, Steve.
Operator
Your next question comes from John Roberts with UBS.
John Roberts -- UBS -- Analyst
Thank you. You had uneven quarterly comps in interconnects in 2021 due to the smartphone launch timings and automotive. Any insights into the quarterly comps as we go through 2022? Where are the really uneven comparisons?
Lori Koch -- Chief Financial Officer
Yes. So, we will go back to a more seasonal pattern in 2022. So that does create a headwind in Q1 because in Q1 of 2021, we were un-seasonally high. That will resolve as the year goes on and create a tailwind in the back half.
But overall, the seasonality will be more normal with Q3 being the highest as we supply materials into the smartphone space in advance of the Christmas sale.
John Roberts -- UBS -- Analyst
Then on Slide 5, can you help us understand the headwinds that stay with DuPont or would continue in DuPont versus M&M? So, how much of the logistics 50 million is continuing DuPont versus M&M? And in the part of M&M that stays with DuPont, is it performing in line with the rest of M&M? Or is it outperforming overall M&M?
Lori Koch -- Chief Financial Officer
Yes. So, on the logistics front, of the 50 million, about 40 million stays in DuPont with the biggest piece of that being in W&P. So, only about 10 of the 50 was within M&M. And as far as the business is staying with DuPont, it's primarily adhesives and multi-based heritage Dow businesses.
Fair margin profile is lower than the M&M segment today. They saw some significant headwinds on the price cost in 2021. We will look for that to improve heading into 2022. But their margin profile was slightly below where M&M is.
John Roberts -- UBS -- Analyst
Thank you.
Operator
Your next question comes from Vincent Andrews with Morgan Stanley.
Vincent Andrews -- Morgan Stanley -- Analyst
Hi. Thank you. Good morning. Just a couple of cleanup questions here.
I know you laid out sort of the shape of your raw material expectations for 2022. On logistics, as you called out, the crazy numbers that we are seeing in ocean freight, are you assuming that that stays the same through the year? Or are you allowing for that to correct a little bit in the back half?
Lori Koch -- Chief Financial Officer
So, it corrects in the back half, primarily in the fourth quarter as we lap that 50 million headwind that we saw in 4Q 2021. So, we'll look for them to remain elevated Q1 through Q3 on a year-over-year basis, and then Q4 moderate. The one difference coming out of Q1 is we do expect to get price coming out of Q1 into Q2 and beyond to offset that headwind in logistics.
Vincent Andrews -- Morgan Stanley -- Analyst
OK. And then just on the semis and maybe just going even into the tiers and the auto customer, you know, there is chatter out there depending on who you are listening to that maybe there is some double ordering in semis or maybe the tiers have built up inventory waiting for the auto production to come back. But, you know, as you look across your businesses and your customer relationships and what you are seeing and hearing, what's your point of view on any of that stuff?
Lori Koch -- Chief Financial Officer
Yes. We are not feeling any inventory build that would create a headwind as you head into 2020. I mean keep in mind, there is a little bit of a timing disconnect between the results within the M&M segment from a volume perspective and auto builds. And, so in 2021, we significantly outpaced with volumes up 12% versus auto build up 2%.
So, that could moderate a bit with respect to our performance versus auto builds in 2022. But overall, I don't feel like any inventory is building in the channel. And on the semi front, I think it would be hard to be building inventory in semi just given the market is constrained. So, we don't feel it there either.
Vincent Andrews -- Morgan Stanley -- Analyst
OK. Thank you very much.
Operator
Ladies and gentlemen, we have reached the allotted time for questions today. I will now turn the conference back over to Pat Fitzgerald for closing comments.
Patrick Fitzgerald -- Head of Investor Relations
Thank you, everyone, for joining our call. For your reference, a copy of our transcript will be posted to the DuPont website. Please join us on March 3rd for our next teach-in, which will include the Industrial Solutions line of business within our E&I segment. I hope you can join us.
Thank you again. This concludes our call.
Operator
[Operator signoff]
Duration: 58 minutes
Call participants:
Patrick Fitzgerald -- Head of Investor Relations
Ed Breen -- Chief Executive Officer
Lori Koch -- Chief Financial Officer
Jeff Sprague -- Vertical Research Partners -- Analyst
Scott Davis -- Melius Research -- Analyst
Steve Tusa -- J.P. Morgan -- Analyst
John Walsh -- Credit Suisse -- Analyst
David Begleiter -- Deutsche Bank -- Analyst
Chris Parkinson -- Mizuho Securities -- Analyst
John McNulty -- BMO Capital Markets -- Analyst
Steve Byrne -- Bank of America Merrill Lynch -- Analyst
John Roberts -- UBS -- Analyst
Vincent Andrews -- Morgan Stanley -- Analyst
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DuPont de Nemours, Inc. (NYSE: DD) Q4 2021 Earnings Call Feb 08, 2022, 8:00 a.m. Thank you for joining our fourth quarterearnings call In addition to discussing our fourth quarter results and outlook for 2022, this morning, I will also comment on the progress of both our intended acquisition of Rogers and our process for divesting a majority of the M&M segment. We are taking additional actions as we work to offset logistics costs, which, during the fourth quarter, were a $50 million headwind, mostly in W&P.
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For the full year, net sales of 17.4 billion to 17.8 billion and operating EBITDA of approximately 4.4 billion at the midpoint reflects volume growth and acceleration of additional pricing gains throughout the year to offset the impact of both raw material and logistics cost increases. Operator [Operator signoff] Duration: 58 minutes Call participants: Patrick Fitzgerald -- Head of Investor Relations Ed Breen -- Chief Executive Officer Lori Koch -- Chief Financial Officer Jeff Sprague -- Vertical Research Partners -- Analyst Scott Davis -- Melius Research -- Analyst Steve Tusa -- J.P. Morgan -- Analyst John Walsh -- Credit Suisse -- Analyst David Begleiter -- Deutsche Bank -- Analyst Chris Parkinson -- Mizuho Securities -- Analyst John McNulty -- BMO Capital Markets -- Analyst Steve Byrne -- Bank of America Merrill Lynch -- Analyst John Roberts -- UBS -- Analyst Vincent Andrews -- Morgan Stanley -- Analyst More DD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. DuPont de Nemours, Inc. (NYSE: DD) Q4 2021 Earnings Call Feb 08, 2022, 8:00 a.m.
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For the full year, net sales of 17.4 billion to 17.8 billion and operating EBITDA of approximately 4.4 billion at the midpoint reflects volume growth and acceleration of additional pricing gains throughout the year to offset the impact of both raw material and logistics cost increases. Operator [Operator signoff] Duration: 58 minutes Call participants: Patrick Fitzgerald -- Head of Investor Relations Ed Breen -- Chief Executive Officer Lori Koch -- Chief Financial Officer Jeff Sprague -- Vertical Research Partners -- Analyst Scott Davis -- Melius Research -- Analyst Steve Tusa -- J.P. Morgan -- Analyst John Walsh -- Credit Suisse -- Analyst David Begleiter -- Deutsche Bank -- Analyst Chris Parkinson -- Mizuho Securities -- Analyst John McNulty -- BMO Capital Markets -- Analyst Steve Byrne -- Bank of America Merrill Lynch -- Analyst John Roberts -- UBS -- Analyst Vincent Andrews -- Morgan Stanley -- Analyst More DD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. DuPont de Nemours, Inc. (NYSE: DD) Q4 2021 Earnings Call Feb 08, 2022, 8:00 a.m.
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Operator [Operator signoff] Duration: 58 minutes Call participants: Patrick Fitzgerald -- Head of Investor Relations Ed Breen -- Chief Executive Officer Lori Koch -- Chief Financial Officer Jeff Sprague -- Vertical Research Partners -- Analyst Scott Davis -- Melius Research -- Analyst Steve Tusa -- J.P. Morgan -- Analyst John Walsh -- Credit Suisse -- Analyst David Begleiter -- Deutsche Bank -- Analyst Chris Parkinson -- Mizuho Securities -- Analyst John McNulty -- BMO Capital Markets -- Analyst Steve Byrne -- Bank of America Merrill Lynch -- Analyst John Roberts -- UBS -- Analyst Vincent Andrews -- Morgan Stanley -- Analyst More DD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. DuPont de Nemours, Inc. (NYSE: DD) Q4 2021 Earnings Call Feb 08, 2022, 8:00 a.m. Thank you for joining our fourth quarterearnings call In addition to discussing our fourth quarter results and outlook for 2022, this morning, I will also comment on the progress of both our intended acquisition of Rogers and our process for divesting a majority of the M&M segment.
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44677b6e-3774-44eb-88e1-2ef5d19ecc3a
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716062.0
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2022-02-08 00:00:00 UTC
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Tuesday Sector Leaders: Materials, Financial
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DD
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https://www.nasdaq.com/articles/tuesday-sector-leaders%3A-materials-financial
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The best performing sector as of midday Tuesday is the Materials sector, higher by 1.6%. Within the sector, DuPont (Symbol: DD) and WestRock Co (Symbol: WRK) are two large stocks leading the way, showing a gain of 6.0% and 3.9%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (Symbol: XLB), which is up 1.3% on the day, and down 7.49% year-to-date. DuPont, meanwhile, is down 1.13% year-to-date, and WestRock Co is up 6.05% year-to-date. Combined, DD and WRK make up approximately 5.7% of the underlying holdings of XLB.
The next best performing sector is the Financial sector, higher by 1.2%. Among large Financial stocks, Zions Bancorporation, N.A. (Symbol: ZION) and Discover Financial Services (Symbol: DFS) are the most notable, showing a gain of 3.7% and 3.5%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 1.4% in midday trading, and up 4.48% on a year-to-date basis. Zions Bancorporation, N.A., meanwhile, is up 17.65% year-to-date, and Discover Financial Services is up 6.03% year-to-date. Combined, ZION and DFS make up approximately 1.1% of the underlying holdings of XLF.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, eight sectors are up on the day, while one sector is down.
SECTOR % CHANGE
Materials +1.6%
Financial +1.2%
Healthcare +1.1%
Services +1.0%
Industrial +1.0%
Technology & Communications +0.9%
Consumer Products +0.6%
Utilities +0.6%
Energy -1.8%
25 Dividend Giants Widely Held By ETFs »
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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The best performing sector as of midday Tuesday is the Materials sector, higher by 1.6%. Within the sector, DuPont (Symbol: DD) and WestRock Co (Symbol: WRK) are two large stocks leading the way, showing a gain of 6.0% and 3.9%, respectively. Combined, DD and WRK make up approximately 5.7% of the underlying holdings of XLB.
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Within the sector, DuPont (Symbol: DD) and WestRock Co (Symbol: WRK) are two large stocks leading the way, showing a gain of 6.0% and 3.9%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 1.4% in midday trading, and up 4.48% on a year-to-date basis. The best performing sector as of midday Tuesday is the Materials sector, higher by 1.6%.
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One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 1.4% in midday trading, and up 4.48% on a year-to-date basis. The best performing sector as of midday Tuesday is the Materials sector, higher by 1.6%. Within the sector, DuPont (Symbol: DD) and WestRock Co (Symbol: WRK) are two large stocks leading the way, showing a gain of 6.0% and 3.9%, respectively.
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Within the sector, DuPont (Symbol: DD) and WestRock Co (Symbol: WRK) are two large stocks leading the way, showing a gain of 6.0% and 3.9%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 1.4% in midday trading, and up 4.48% on a year-to-date basis. The best performing sector as of midday Tuesday is the Materials sector, higher by 1.6%.
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77c6bf14-4f5e-4e92-b797-3cabfe5b9393
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716063.0
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2022-02-08 00:00:00 UTC
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S&P 500 Movers: WTW, DD
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https://www.nasdaq.com/articles/sp-500-movers%3A-wtw-dd
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In early trading on Tuesday, shares of DuPont topped the list of the day's best performing components of the S&P 500 index, trading up 5.6%. Year to date, DuPont has lost about 1.5% of its value.
And the worst performing S&P 500 component thus far on the day is Willis Towers Watson Public, trading down 6.7%. Willis Towers Watson Public is lower by about 7.4% looking at the year to date performance.
Two other components making moves today are Incyte, trading down 6.7%, and Amgen, trading up 5.1% on the day.
VIDEO: S&P 500 Movers: WTW, DD
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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VIDEO: S&P 500 Movers: WTW, DD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And the worst performing S&P 500 component thus far on the day is Willis Towers Watson Public, trading down 6.7%. Willis Towers Watson Public is lower by about 7.4% looking at the year to date performance.
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VIDEO: S&P 500 Movers: WTW, DD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Tuesday, shares of DuPont topped the list of the day's best performing components of the S&P 500 index, trading up 5.6%. And the worst performing S&P 500 component thus far on the day is Willis Towers Watson Public, trading down 6.7%.
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VIDEO: S&P 500 Movers: WTW, DD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Tuesday, shares of DuPont topped the list of the day's best performing components of the S&P 500 index, trading up 5.6%. And the worst performing S&P 500 component thus far on the day is Willis Towers Watson Public, trading down 6.7%.
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VIDEO: S&P 500 Movers: WTW, DD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And the worst performing S&P 500 component thus far on the day is Willis Towers Watson Public, trading down 6.7%. Willis Towers Watson Public is lower by about 7.4% looking at the year to date performance.
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d29af56a-5712-4acc-9405-856285f7b7c0
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716064.0
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2022-02-08 00:00:00 UTC
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DuPont's (DD) Earnings and Revenues Trounce Estimates in Q4
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https://www.nasdaq.com/articles/duponts-dd-earnings-and-revenues-trounce-estimates-in-q4
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DuPont de Nemours, Inc. DD recorded earnings (on a reported basis) from continuing operations of 47 cents per share for fourth-quarter 2021, down from 60 cents per share in the year-ago quarter.
Barring one-time items, earnings came in at $1.08 per share for the reported quarter, topping the Zacks Consensus Estimate of $1.01.
DuPont raked in net sales of $4,271 million, up 14% from the year-ago quarter. It also beat the Zacks Consensus Estimate of $3,945.8 million. The company saw a 13% rise organic sales in the quarter, supported by 6% higher volumes and 7% pricing gains. It also witnessed double-digit organic growth across all four regions in the reported quarter.
Volume growth was driven by sustained strong global demand in major areas such as semiconductors and water, coupled with continued improvement in industrial end-markets. The price increase mainly reflects actions taken by the company to offset raw material cost inflation.
DuPont de Nemours, Inc. Price, Consensus and EPS Surprise
DuPont de Nemours, Inc. price-consensus-eps-surprise-chart | DuPont de Nemours, Inc. Quote
Segment Highlights
The company’s Electronics & Industrial segment recorded net sales of $1.5 billion in the reported quarter, up 19% on a year-over-year comparison basis. Organic sales rose 9% on higher volumes. Volume growth was driven by gains in Semiconductor Technologies. Industrial Solutions also registered volume growth while organic sales declined in Interconnect Solutions.
Net sales in the Water & Protection unit were $1.4 billion, up 16% year over year. Organic sales rose 17% on 12% higher volume and 5% higher prices. Sales were driven by the growth in Safety Solutions on continued recovery in industrial end-markets. The company also saw strong demand in Water Solutions technologies.
Net sales for the Mobility & Materials division were $1.3 billion in the reported quarter, up 12% year over year. Organic sales rose 13% on 16% higher pricing that more than offset a 3% volume decline. Volume fell due to the weakness in global automotive production resulting from supply-chain constraints, mainly the semiconductor shortage.
FY21 Results
Earnings from continuing operations for full-year 2021 were $3.23 per share compared with a loss of $3.31 per share a year ago. Net sales went up 16% year over year to $16,653 million.
Financials
DuPont had cash and cash equivalents of $2,011 million at the end of 2021, down around 21% year over year. Long-term debt was $10,632 million, down roughly 32% year over year.
The company also generated operating cash flow of $2.3 billion and free cash flow of $1.4 billion in 2021. It returned more than $2.7 billion to shareholders through share repurchases and dividends during the year. DuPont also reduced long-term debt by $5 billion during the year.
DuPont’s board announced a first-quarter dividend of 33 cents per share, representing a 10% increase to regular quarterly dividend. Its board also authorized a new $1 billion share repurchase program, which expires on Mar 31, 2023. The new authorization allows it to buyback shares after the expected completion of the remaining $375 million in repurchases under its current share buyback program in first-quarter 2022.
Outlook
The company sees net sales for 2022 to be between $17.4 billion and $17.8 billion. It also expects adjusted earnings per share (EPS) for 2022 in the band of $4.60-$4.90, reflecting a 10% year-over-year increase at the mid-point of the range.
DuPont expects net sales of between $4.2 billion and $4.3 billion for the first quarter of 2022. Adjusted EPS is forecast in the range of 94 cents to $1.00 for the quarter.
While DuPont expects consumer demand to remain strong, it sees raw material and logistics cost inflation to continue to impact margins. It anticipates operating EBITDA margin to be about flat sequentially in the first quarter with continued improvement through the balance of the year to more normalized levels in the back half.
Price Performance
DuPont’s shares are down 0.5% over a year compared with a 7.1% rise recorded by the industry.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
DuPont currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks worth considering in the basic materials space include Commercial Metals Company CMC, Albemarle Corporation ALB and AdvanSix Inc. ASIX.
Commercial Metals, sporting a Zacks Rank #1 (Strong Buy), has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised 36.7% upward over the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 13.1%, on average. CMC has rallied around 72% in a year.
Albemarle, carrying a Zacks Rank #1, has an expected earnings growth rate of 51.5% for the current year. ALB's consensus estimate for the current year has been revised 5.6% upward over the past 60 days.
Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 22.1%. ALB shares have gained around 36% in a year.
AdvanSix, carrying a Zacks Rank #1, has an expected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 5.3% upward in the past 60 days.
AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 66% in a year.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
Albemarle Corporation (ALB): Free Stock Analysis Report
Commercial Metals Company (CMC): Free Stock Analysis Report
AdvanSix (ASIX): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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DuPont de Nemours, Inc. DD recorded earnings (on a reported basis) from continuing operations of 47 cents per share for fourth-quarter 2021, down from 60 cents per share in the year-ago quarter. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Volume growth was driven by sustained strong global demand in major areas such as semiconductors and water, coupled with continued improvement in industrial end-markets.
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DuPont de Nemours, Inc. DD recorded earnings (on a reported basis) from continuing operations of 47 cents per share for fourth-quarter 2021, down from 60 cents per share in the year-ago quarter. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont de Nemours, Inc. Price, Consensus and EPS Surprise DuPont de Nemours, Inc. price-consensus-eps-surprise-chart | DuPont de Nemours, Inc. Quote Segment Highlights The company’s Electronics & Industrial segment recorded net sales of $1.5 billion in the reported quarter, up 19% on a year-over-year comparison basis.
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DuPont de Nemours, Inc. DD recorded earnings (on a reported basis) from continuing operations of 47 cents per share for fourth-quarter 2021, down from 60 cents per share in the year-ago quarter. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont de Nemours, Inc. Price, Consensus and EPS Surprise DuPont de Nemours, Inc. price-consensus-eps-surprise-chart | DuPont de Nemours, Inc. Quote Segment Highlights The company’s Electronics & Industrial segment recorded net sales of $1.5 billion in the reported quarter, up 19% on a year-over-year comparison basis.
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DuPont de Nemours, Inc. DD recorded earnings (on a reported basis) from continuing operations of 47 cents per share for fourth-quarter 2021, down from 60 cents per share in the year-ago quarter. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report The company saw a 13% rise organic sales in the quarter, supported by 6% higher volumes and 7% pricing gains.
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f0f12348-6722-415a-a770-49309d1412fd
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716065.0
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2022-02-08 00:00:00 UTC
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DuPont reports higher profit on strong electronics demand, boosts dividend
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https://www.nasdaq.com/articles/dupont-reports-higher-profit-on-strong-electronics-demand-boosts-dividend
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Feb 8 (Reuters) - Industrial materials maker DuPont DD.N on Tuesday reported a higher adjusted profit in the fourth quarter and increased its quarterly dividend by 10%, flagging strong demand in its key end markets such as electronics.
The company's adjusted net income rose to $557 million, or $1.08 per share, in the three months ended Dec. 31, from $513 million, or 70 cents per share, a year earlier.
(Reporting by Shariq Khan in Bengaluru; Editing by Shounak Dasgupta)
((Shariq.Khan@thomsonreuters.com; Twitter: @shariqrtrs))
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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Feb 8 (Reuters) - Industrial materials maker DuPont DD.N on Tuesday reported a higher adjusted profit in the fourth quarter and increased its quarterly dividend by 10%, flagging strong demand in its key end markets such as electronics. The company's adjusted net income rose to $557 million, or $1.08 per share, in the three months ended Dec. 31, from $513 million, or 70 cents per share, a year earlier. (Reporting by Shariq Khan in Bengaluru; Editing by Shounak Dasgupta) ((Shariq.Khan@thomsonreuters.com; Twitter: @shariqrtrs)) 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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Feb 8 (Reuters) - Industrial materials maker DuPont DD.N on Tuesday reported a higher adjusted profit in the fourth quarter and increased its quarterly dividend by 10%, flagging strong demand in its key end markets such as electronics. The company's adjusted net income rose to $557 million, or $1.08 per share, in the three months ended Dec. 31, from $513 million, or 70 cents per share, a year earlier. (Reporting by Shariq Khan in Bengaluru; Editing by Shounak Dasgupta) ((Shariq.Khan@thomsonreuters.com; Twitter: @shariqrtrs)) 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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Feb 8 (Reuters) - Industrial materials maker DuPont DD.N on Tuesday reported a higher adjusted profit in the fourth quarter and increased its quarterly dividend by 10%, flagging strong demand in its key end markets such as electronics. The company's adjusted net income rose to $557 million, or $1.08 per share, in the three months ended Dec. 31, from $513 million, or 70 cents per share, a year earlier. (Reporting by Shariq Khan in Bengaluru; Editing by Shounak Dasgupta) ((Shariq.Khan@thomsonreuters.com; Twitter: @shariqrtrs)) 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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Feb 8 (Reuters) - Industrial materials maker DuPont DD.N on Tuesday reported a higher adjusted profit in the fourth quarter and increased its quarterly dividend by 10%, flagging strong demand in its key end markets such as electronics. The company's adjusted net income rose to $557 million, or $1.08 per share, in the three months ended Dec. 31, from $513 million, or 70 cents per share, a year earlier. (Reporting by Shariq Khan in Bengaluru; Editing by Shounak Dasgupta) ((Shariq.Khan@thomsonreuters.com; Twitter: @shariqrtrs)) 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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354d1e34-0313-499f-862e-569f4b8385ff
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716066.0
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2022-02-08 00:00:00 UTC
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DuPont de Nemours (DD) Tops Q4 Earnings and Revenue Estimates
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-tops-q4-earnings-and-revenue-estimates
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DuPont de Nemours (DD) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.93%. A quarter ago, it was expected that this specialty chemicals maker would post earnings of $1.12 per share when it actually produced earnings of $1.15, delivering a surprise of 2.68%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
DuPont de Nemours, which belongs to the Zacks Chemical - Diversified industry, posted revenues of $4.27 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 8.24%. This compares to year-ago revenues of $5.25 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
DuPont de Nemours shares have lost about 6.7% since the beginning of the year versus the S&P 500's decline of -5.9%.
What's Next for DuPont de Nemours?
While DuPont de Nemours has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for DuPont de Nemours: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.10 on $4.15 billion in revenues for the coming quarter and $4.86 on $16.57 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical - Diversified is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Stepan Co. (SCL), is yet to report results for the quarter ended December 2021. The results are expected to be released on February 17.
This specialty chemicals company is expected to post quarterly earnings of $1.01 per share in its upcoming report, which represents a year-over-year change of -28.9%. The consensus EPS estimate for the quarter has been revised 4.6% lower over the last 30 days to the current level.
Stepan Co.'s revenues are expected to be $557.83 million, up 12.8% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
Stepan Company (SCL): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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DuPont de Nemours (DD) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.01 per share. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont de Nemours (DD) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.01 per share. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook.
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DuPont de Nemours (DD) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.01 per share. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
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DuPont de Nemours (DD) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.01 per share. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
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95df0cfe-f21e-4e1d-ab0e-b4865bf2a2ac
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716067.0
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2022-02-08 00:00:00 UTC
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EI DuPont De Nemours & Co. Q4 sales increase
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https://www.nasdaq.com/articles/ei-dupont-de-nemours-co.-q4-sales-increase
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(RTTNews) - EI DuPont De Nemours & Co. (DD) revealed earnings for fourth quarter of $204 million
The company's bottom line totaled $204 million, or $0.39 per share. This compares with $222 million, or $0.30 per share, in last year's fourth quarter.
Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $557 million or $1.08 per share for the period.
The company's revenue for the quarter rose 13.9% to $4.27 billion from $3.75 billion last year.
EI DuPont De Nemours & Co. earnings at a glance (GAAP) :
-Earnings (Q4): $204 Mln. vs. $222 Mln. last year. -EPS (Q4): $0.39 vs. $0.30 last year. -Revenue (Q4): $4.27 Bln vs. $3.75 Bln last year.
-Guidance: Next quarter EPS guidance: $0.94 - $1.00 Next quarter revenue guidance: $4.2 - $4.3 Bln
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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(RTTNews) - EI DuPont De Nemours & Co. (DD) revealed earnings for fourth quarter of $204 million The company's bottom line totaled $204 million, or $0.39 per share. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $557 million or $1.08 per share for the period. EI DuPont De Nemours & Co. earnings at a glance (GAAP) : -Earnings (Q4): $204 Mln.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) revealed earnings for fourth quarter of $204 million The company's bottom line totaled $204 million, or $0.39 per share. EI DuPont De Nemours & Co. earnings at a glance (GAAP) : -Earnings (Q4): $204 Mln. -Guidance: Next quarter EPS guidance: $0.94 - $1.00 Next quarter revenue guidance: $4.2 - $4.3 Bln 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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(RTTNews) - EI DuPont De Nemours & Co. (DD) revealed earnings for fourth quarter of $204 million The company's bottom line totaled $204 million, or $0.39 per share. This compares with $222 million, or $0.30 per share, in last year's fourth quarter. -Guidance: Next quarter EPS guidance: $0.94 - $1.00 Next quarter revenue guidance: $4.2 - $4.3 Bln 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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(RTTNews) - EI DuPont De Nemours & Co. (DD) revealed earnings for fourth quarter of $204 million The company's bottom line totaled $204 million, or $0.39 per share. EI DuPont De Nemours & Co. earnings at a glance (GAAP) : -Earnings (Q4): $204 Mln. last year.
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d654fc36-3106-4d1c-bff0-3b78e15f5ecb
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716068.0
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2022-02-08 00:00:00 UTC
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Is DuPont de Nemours, Inc.'s (NYSE:DD) Stock Price Struggling As A Result Of Its Mixed Financials?
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DD
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https://www.nasdaq.com/articles/is-dupont-de-nemours-inc.s-nyse%3Add-stock-price-struggling-as-a-result-of-its-mixed
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nan
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nan
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With its stock down 9.4% over the past month, it is easy to disregard DuPont de Nemours (NYSE:DD). It is possible that the markets have ignored the company's differing financials and decided to lean-in to the negative sentiment. Fundamentals usually dictate market outcomes so it makes sense to study the company's financials. Specifically, we decided to study DuPont de Nemours' ROE in this article.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
How Is ROE Calculated?
The formula for return on equity is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for DuPont de Nemours is:
5.6% = US$1.5b ÷ US$27b (Based on the trailing twelve months to September 2021).
The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.06 in profit.
What Is The Relationship Between ROE And Earnings Growth?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company’s earnings growth potential. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
DuPont de Nemours' Earnings Growth And 5.6% ROE
When you first look at it, DuPont de Nemours' ROE doesn't look that attractive. We then compared the company's ROE to the broader industry and were disappointed to see that the ROE is lower than the industry average of 14%. Given the circumstances, the significant decline in net income by 61% seen by DuPont de Nemours over the last five years is not surprising. However, there could also be other factors causing the earnings to decline. For example, it is possible that the business has allocated capital poorly or that the company has a very high payout ratio.
So, as a next step, we compared DuPont de Nemours' performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 6.1% in the same period.
NYSE:DD Past Earnings Growth February 8th 2022
Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if DuPont de Nemours is trading on a high P/E or a low P/E, relative to its industry.
Is DuPont de Nemours Making Efficient Use Of Its Profits?
Looking at its LTM (or last twelve month) payout ratio of 48% (or a retention ratio of 52%) which is pretty normal, DuPont de Nemours' declining earnings is rather baffling as one would expect to see a fair bit of growth when a company is retaining a good portion of its profits. It looks like there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.
In addition, DuPont de Nemours has been paying dividends over a period of at least ten years suggesting that keeping up dividend payments is way more important to the management even if it comes at the cost of business growth. Existing analyst estimates suggest that the company's future payout ratio is expected to drop to 27% over the next three years. As a result, the expected drop in DuPont de Nemours' payout ratio explains the anticipated rise in the company's future ROE to 9.0%, over the same period.
Conclusion
In total, we're a bit ambivalent about DuPont de Nemours' performance. While the company does have a high rate of profit retention, its low rate of return is probably hampering its earnings growth. With that said, we studied current analyst estimates and discovered that analysts expect the company's earnings growth to improve slightly. This could offer some relief to the company's existing shareholders. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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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With its stock down 9.4% over the past month, it is easy to disregard DuPont de Nemours (NYSE:DD). NYSE:DD Past Earnings Growth February 8th 2022 Earnings growth is a huge factor in stock valuation. In addition, DuPont de Nemours has been paying dividends over a period of at least ten years suggesting that keeping up dividend payments is way more important to the management even if it comes at the cost of business growth.
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With its stock down 9.4% over the past month, it is easy to disregard DuPont de Nemours (NYSE:DD). NYSE:DD Past Earnings Growth February 8th 2022 Earnings growth is a huge factor in stock valuation. In addition, DuPont de Nemours has been paying dividends over a period of at least ten years suggesting that keeping up dividend payments is way more important to the management even if it comes at the cost of business growth.
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With its stock down 9.4% over the past month, it is easy to disregard DuPont de Nemours (NYSE:DD). NYSE:DD Past Earnings Growth February 8th 2022 Earnings growth is a huge factor in stock valuation. In addition, DuPont de Nemours has been paying dividends over a period of at least ten years suggesting that keeping up dividend payments is way more important to the management even if it comes at the cost of business growth.
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With its stock down 9.4% over the past month, it is easy to disregard DuPont de Nemours (NYSE:DD). NYSE:DD Past Earnings Growth February 8th 2022 Earnings growth is a huge factor in stock valuation. In addition, DuPont de Nemours has been paying dividends over a period of at least ten years suggesting that keeping up dividend payments is way more important to the management even if it comes at the cost of business growth.
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54a31c15-8da0-407e-880b-1345e1ac29a4
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716069.0
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2022-02-08 00:00:00 UTC
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Should You Buy Corning Stock After Its Recent Rally?
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DD
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https://www.nasdaq.com/articles/should-you-buy-corning-stock-after-its-recent-rally
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nan
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nan
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[Updated: Feb 3, 2022] GLW Stock Rise
The stock price of Corning (NYSE: GLW) has seen a large rise of 21% since its Q4 results announcement on Wednesday, Jan 26. Now, Corning’s Q4 earnings of $0.54 on a per share and adjusted basis, was better than the consensus estimate of $0.52, but slightly below our forecast of $0.56. Corning’s revenue of $3.7 billion was up 10% y-o-y, and marginally above our, as well as the consensus estimate, of $3.6 billion.
The segment-wise performance was in line with our expectations. Environmental Technologies sales were down 21% to $353 million, due to the impact of semiconductor chips shortage on the overall automotive industry. On the positive side, Optical Communications segment revenue was up a solid 24% to $1.2 billion, driven by continued demand for 5G and cloud computing. Display Technologies saw its sales expand by 12% on the back of a strong glass pricing environment. These trends are likely to continue in 2022, as well.
However, both gross margin (down 160 bps), as well as operating margin (down 110 bps), were lower for Corning in Q4. While the inflationary headwinds have impacted the overall margins in Q4, the company has undertaken price increases and its impact should be visible on gross margins starting in Q1 2022 and expanding for the rest of the year, according to the company’s management. A robust demand outlook for its products clubbed with an expected rise in margins boded well with the investors, evident from its stock price appreciation.
We have revised our model to reflect the latest quarterly results, and we now estimate Corning’s Valuation to be around $51 per share (vs. $47 earlier), which is 19% above its current market price of $43. This represents a P/E multiple of around 21x based on our $2.40 EPS forecast for 2022. This compares with the $2.07 EPS seen in 2021 and $1.39 in 2020. The valuation multiple of 21x is higher than the comparable average of 18x for the last three years. We believe that a higher multiple is justified for GLW stock, given the strong earnings growth seen in the recent past, a trend likely to continue going forward, as well.
Now, what about the near term?
After its recent rally, GLW stock is now sitting on 15% gains in a month. Will it continue its upward trajectory, or is a fall imminent? Going by historical performance, there is a higher chance of a rise in GLW stock over the next month. Out of 89 instances in the last ten years that GLW stock saw a twenty-one-day rise of 15% or more, 51 of them resulted in GLW stock rising over the subsequent one-month period (twenty-one trading days). This historical pattern reflects 51 out of 89, or about a 57% chance of a rise in GLW stock over the coming month, implying that GLW stock is a good bet at its current levels, in our view. See our analysis on Corning Stock Chance of A Rise for more details.
[Updated: Jan 25, 2022] Corning Q4 Earnings Preview
Corning (NYSE: GLW) is scheduled to report its Q4 2021 results on Wednesday, January 26. We expect Corning to likely post revenue in-line and earnings above the street expectations. The revenues are expected to trend higher, aided by 5G expansion, cloud computing, as well as higher demand for its display glass products. However, the ongoing semiconductor chip shortage likely weighed on the company’s automotive business.
The company has been able to grow its margins over the recent quarters, a trend expected to continue going forward. Furthermore, our forecast indicates that Corning’s valuation is around $47 per share, which is 34% above the current market price of $35. Our interactive dashboard analysis of Corning’s Pre-Earnings has additional details.
(1) Revenues expected to be in line with the consensus estimates
Trefis estimates Corning’s Q4 2021 revenues to be around $3.6 billion, in-line with the consensus estimate.
Corning is likely to see a pickup in demand for optical fiber as carriers continue to expand their 5G coverage.
The company’s display glass products business is expected to benefit from better price realization. The company expects a tighter glass supply and an increase in glass prices in the near term.
However, looking at environmental technologies, the sales may decline due to the impact of semiconductor chips shortage on the overall automotive industry. Note that Corning has seen strong sales for its gasoline particulate filters, given the increased adoption of the emission regulations in Europe and China. But the chip shortage issue is likely going to weigh on the overall segment performance.
Looking back at Q3 2021, Corning’s revenues grew a solid 20% y-o-y to $3.6 billion, led by a 15% growth in specialty materials, which includes Gorilla Glass, with continued high demand for premium glass.
Our dashboard on Corning’s Revenues offers more details on the company’s segments.
2) EPS likely to be above the consensus estimates
Corning’s Q4 2021 earnings per share (EPS) is expected to be $0.56 per Trefis analysis, above the consensus estimate of $0.52.
Corning’s adjusted net income of $485 million in Q3 2021 reflected a 28% rise from its $380 million figure in the prior-year quarter. This can be attributed to higher revenues and a 60 bps improvement in net margins.
We expect the margins to improve in Q4 as well, led by a continued strong pricing environment. While inflation has impacted the raw material costs for several companies, Corning will likely be able to pass on the incremental costs to the customers, given the strong demand outlook.
As such, for the full-year 2022, we expect the adjusted EPS to be higher at $2.40, compared to $1.38 in 2020, and an estimated $2.10 in 2021.
(3) Stock price estimate much higher than the current market price
Our Corning’s Valuation of $47 reflects a large 34% upside potential from its current levels of $35.
This represents a P/E multiple of under 20x based on Corning’s expected EPS of $2.40 in 2022.
If Corning’s results are above the street estimates, as we anticipate, it may result in a rise in its stock price in the near term, and given that the stock appears to be undervalued at its current levels, in our view, investors may be better off buying the GLW stock now.
That said, there are near-term macro risks. With the U.S. Federal Reserve monetary policy-setting meeting coming up on January 26, there are rising concerns of tighter financial conditions that may weigh on the overall markets at large.
Although GLW stock may trade higher in the near term, it is helpful to see how its peers stack up. Check out how Corning’s Peers fare on metrics that matter. You will find other useful comparisons for companies across industries at Peer Comparisons.
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
Returns Feb 2022
MTD [1] 2022
YTD [1] 2017-22
Total [2]
GLW Return 2% 15% 76%
S&P 500 Return 2% -4% 105%
Trefis MS Portfolio Return 1% -9% 260%
[1] Month-to-date and year-to-date as of 2/3/2022
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates
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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Our interactive dashboard analysis of Corning’s Pre-Earnings has additional details. A robust demand outlook for its products clubbed with an expected rise in margins boded well with the investors, evident from its stock price appreciation. We have revised our model to reflect the latest quarterly results, and we now estimate Corning’s Valuation to be around $51 per share (vs. $47 earlier), which is 19% above its current market price of $43.
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Our interactive dashboard analysis of Corning’s Pre-Earnings has additional details. [Updated: Feb 3, 2022] GLW Stock Rise The stock price of Corning (NYSE: GLW) has seen a large rise of 21% since its Q4 results announcement on Wednesday, Jan 26. (1) Revenues expected to be in line with the consensus estimates Trefis estimates Corning’s Q4 2021 revenues to be around $3.6 billion, in-line with the consensus estimate.
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Our interactive dashboard analysis of Corning’s Pre-Earnings has additional details. [Updated: Feb 3, 2022] GLW Stock Rise The stock price of Corning (NYSE: GLW) has seen a large rise of 21% since its Q4 results announcement on Wednesday, Jan 26. (1) Revenues expected to be in line with the consensus estimates Trefis estimates Corning’s Q4 2021 revenues to be around $3.6 billion, in-line with the consensus estimate.
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Our interactive dashboard analysis of Corning’s Pre-Earnings has additional details. [Updated: Feb 3, 2022] GLW Stock Rise The stock price of Corning (NYSE: GLW) has seen a large rise of 21% since its Q4 results announcement on Wednesday, Jan 26. Display Technologies saw its sales expand by 12% on the back of a strong glass pricing environment.
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a0d5e721-3e77-4214-a12c-5275433fec20
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716070.0
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2022-02-08 00:00:00 UTC
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DuPont Issues Q1, FY22 Outlook; Lifts Dividend; To Buy Back $1 Bln Shares
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DD
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https://www.nasdaq.com/articles/dupont-issues-q1-fy22-outlook-lifts-dividend-to-buy-back-%241-bln-shares
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nan
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nan
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(RTTNews) - While reporting fourth-quarter results, chemical company DuPont De Nemours & Co. (DD) on Tuesday issued outlook for first quarter as well as fiscal 2022. The company also announced higher dividend and Board approval of new $1.0 billion share buyback program.
For the first quarter of 2022, the company expects adjusted earnings per share in the range of $0.94 to $1.00 per share, operating EBITDA between $940 and $980 million, and net sales between $4.2 and $4.3 billion.
On average, analysts polled by Thomson Reuters expect earnings of $1.1 per share for the quarter on sales of $4.17 billion. Analysts' estimates typically exclude special items.
Lori Koch, Chief Financial Officer of DuPont, said, "Consumer demand remains strong however raw material and logistics cost inflation is expected to continue to impact margins. We expect operating EBITDA margin in first quarter 2022 to be about flat with fourth quarter 2021 with continued improvement throughout 2022 to more normalized levels in the back half of the year."
Further, for fiscal 2022, the company expects adjusted earnings per share in the range of $4.60 to $4.90, an increase of 10 percent at the mid-point versus 2021.
Net sales would be between $17.4 and $17.8 billion and operating EBITDA between $4.3 and $4.5 billion, an increase of 6 percent at the mid-point versus 2021. The company projects top-line volume growth and pricing gains to more than offset year-over-year raw material and logistics costs increases.
For the year, analysts expect earnings of $4.94 per share on sales of $17.38 billion.
DuPont announced that its Board of Directors has declared a first quarter dividend of $0.33 per share, representing a 10 percent increase to its regular quarterly dividend, payable March 15, to holders of record at the close of business on February 28.
The company also announced that its Board authorized a new $1.0 billion share buyback program which expires on March 31, 2023.
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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(RTTNews) - While reporting fourth-quarter results, chemical company DuPont De Nemours & Co. (DD) on Tuesday issued outlook for first quarter as well as fiscal 2022. Lori Koch, Chief Financial Officer of DuPont, said, "Consumer demand remains strong however raw material and logistics cost inflation is expected to continue to impact margins. The company projects top-line volume growth and pricing gains to more than offset year-over-year raw material and logistics costs increases.
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(RTTNews) - While reporting fourth-quarter results, chemical company DuPont De Nemours & Co. (DD) on Tuesday issued outlook for first quarter as well as fiscal 2022. For the first quarter of 2022, the company expects adjusted earnings per share in the range of $0.94 to $1.00 per share, operating EBITDA between $940 and $980 million, and net sales between $4.2 and $4.3 billion. Further, for fiscal 2022, the company expects adjusted earnings per share in the range of $4.60 to $4.90, an increase of 10 percent at the mid-point versus 2021.
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(RTTNews) - While reporting fourth-quarter results, chemical company DuPont De Nemours & Co. (DD) on Tuesday issued outlook for first quarter as well as fiscal 2022. For the first quarter of 2022, the company expects adjusted earnings per share in the range of $0.94 to $1.00 per share, operating EBITDA between $940 and $980 million, and net sales between $4.2 and $4.3 billion. On average, analysts polled by Thomson Reuters expect earnings of $1.1 per share for the quarter on sales of $4.17 billion.
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(RTTNews) - While reporting fourth-quarter results, chemical company DuPont De Nemours & Co. (DD) on Tuesday issued outlook for first quarter as well as fiscal 2022. For the first quarter of 2022, the company expects adjusted earnings per share in the range of $0.94 to $1.00 per share, operating EBITDA between $940 and $980 million, and net sales between $4.2 and $4.3 billion. Further, for fiscal 2022, the company expects adjusted earnings per share in the range of $4.60 to $4.90, an increase of 10 percent at the mid-point versus 2021.
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3b5c52da-b65d-4172-9efa-1419c915eb66
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716071.0
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2022-02-07 00:00:00 UTC
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Pre-Market Earnings Report for February 8, 2022 : PFE, SPGI, FISV, TRI, CNC, KKR, SYY, CARR, DD, TDG, BP, IT
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DD
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https://www.nasdaq.com/articles/pre-market-earnings-report-for-february-8-2022-%3A-pfe-spgi-fisv-tri-cnc-kkr-syy-carr-dd-tdg
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nan
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nan
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The following companies are expected to report earnings prior to market open on 02/08/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Pfizer, Inc. (PFE)is reporting for the quarter ending December 31, 2021. The large cap pharmaceutical company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.85. This value represents a 102.38% increase compared to the same quarter last year. PFE missed the consensus earnings per share in the 4th calendar quarter of 2020 by -8.7%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for PFE is 12.65 vs. an industry ratio of 15.30.
S&P Global Inc. (SPGI)is reporting for the quarter ending December 31, 2021. The business info service company's consensus earnings per share forecast from the 6 analysts that follow the stock is $3.13. This value represents a 15.50% increase compared to the same quarter last year. In the past year SPGI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 11.32%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for SPGI is 30.31 vs. an industry ratio of 22.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Fiserv, Inc. (FISV)is reporting for the quarter ending December 31, 2021. The financial transactions company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.55. This value represents a 19.23% increase compared to the same quarter last year. In the past year FISV has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 2.08%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for FISV is 18.86 vs. an industry ratio of 22.10.
Thomson Reuters Corp (TRI)is reporting for the quarter ending December 31, 2021. The technology services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.46. This value represents a 14.81% decrease compared to the same quarter last year. In the past year TRI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 17.95%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for TRI is 52.99 vs. an industry ratio of -29.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Centene Corporation (CNC)is reporting for the quarter ending December 31, 2021. The hmo company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.98. This value represents a 113.04% increase compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CNC is 15.74 vs. an industry ratio of 24.00.
KKR & Co. Inc. (KKR)is reporting for the quarter ending December 31, 2021. The finance/investment management company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.11. This value represents a 126.53% increase compared to the same quarter last year. In the past year KKR has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 19.32%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for KKR is 18.97 vs. an industry ratio of 12.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Sysco Corporation (SYY)is reporting for the quarter ending December 31, 2021. The food company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.69. This value represents a 305.88% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for SYY is 22.96 vs. an industry ratio of 17.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Carrier Global Corporation (CARR)is reporting for the quarter ending December 31, 2021. The electrical instrument company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.38. This value represents a 22.58% increase compared to the same quarter last year. CARR missed the consensus earnings per share in the 4th calendar quarter of 2020 by -16.22%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CARR is 20.74 vs. an industry ratio of 11.50, implying that they will have a higher earnings growth than their competitors in the same industry.
DuPont de Nemours, Inc. (DD)is reporting for the quarter ending December 31, 2021. The chemical company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.01. This value represents a 6.32% increase compared to the same quarter last year. In the past year DD has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 2.68%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 18.02 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Transdigm Group Incorporated (TDG)is reporting for the quarter ending December 31, 2021. The aerospace and defense company's consensus earnings per share forecast from the 1 analyst that follows the stock is $2.68. This value represents a 101.50% increase compared to the same quarter last year. TDG missed the consensus earnings per share in the 4th calendar quarter of 2020 by -15.29%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for TDG is 44.58 vs. an industry ratio of 23.80, implying that they will have a higher earnings growth than their competitors in the same industry.
BP p.l.c. (BP)is reporting for the quarter ending December 31, 2021. The oil company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.18. This value represents a 3833.33% increase compared to the same quarter last year. BP missed the consensus earnings per share in the 4th calendar quarter of 2020 by -75%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for BP is 8.72 vs. an industry ratio of 8.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Gartner, Inc. (IT)is reporting for the quarter ending December 31, 2021. The consulting company's consensus earnings per share forecast from the 3 analysts that follow the stock is $2.46. This value represents a 54.72% increase compared to the same quarter last year. In the past year IT has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 23.03%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for IT is 33.79 vs. an industry ratio of 29.30, implying that they will have a higher earnings growth than their competitors in the same industry.
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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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending December 31, 2021. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 18.02 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending December 31, 2021. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 18.02 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending December 31, 2021. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 18.02 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending December 31, 2021. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 18.02 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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35981153-2fce-446e-84c2-fdaa6e6262f2
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716072.0
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2022-02-07 00:00:00 UTC
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Chemical Stock Q4 Earnings Slated on Feb 8: DD, FMC & AVNT
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DD
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https://www.nasdaq.com/articles/chemical-stock-q4-earnings-slated-on-feb-8%3A-dd-fmc-avnt
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nan
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nan
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A few chemical companies are lined up to report their quarterly numbers tomorrow. A rebound in end-market demand from the coronavirus-led downturn is likely to have aided the performance of chemical companies in the fourth quarter.
Chemical makers are witnessing a strong rebound in demand in the key end-use markets, including automotive, building & construction and electronics, from the pandemic-led lows. These companies are seeing higher demand from the automotive market, despite the chip shortage, which continues to affect automotive builds globally. Demand in construction, packaging and healthcare also remains strong. The companies in this space are also seeing a recovery in demand across the aerospace and energy markets. Higher industrial demand is expected to have boosted sales volumes and the top line of chemical companies in the fourth quarter.
However, the impacts of raw material cost inflation, and higher supply chain and logistics costs are expected to reflect on chemical companies’ fourth-quarter results. Supply chain disruptions due to the pandemic and weather-related events have led to a spike in raw material costs. Hurricane Ida dealt another blow to the supply chain. Plant shutdowns associated with Ida further squeezed the supply of raw materials and pushed up their prices. The lingering impacts of supply chain and logistics constrains are likely to reflect on chemical companies’ fourth-quarter results.
Nonetheless, the benefits of self-help actions, including actions to raise selling prices of chemical products to counter the cost inflation and tightness in the supply chain, productivity improvement measures and operational efficiency improvement, might reflect on the results of the companies in this space.
Per the Zacks industry classification, the chemical industry falls under the broader Basic Materials sector. Overall earnings for the sector are projected to rise 79.6% on 29.9% higher revenues, per the latest Earnings Trends report. The projected growth, however, reflects a slowdown from a 136.1% rise in earnings on a 38.7% increase in revenues that was witnessed in the third quarter.
We take a look at three chemical companies that are gearing up to report their fourth-quarter results on Feb 8.
DuPont de Nemours, Inc. DD will report earnings numbers before the bell. Our proven model does not conclusively predict an earnings beat for the company. This is because it has an Earnings ESP of -3.30% and a Zacks Rank #3 (Hold). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The Zacks Consensus Estimate for revenues for the fourth quarter for DuPont is currently pinned at $3,946 million, suggesting an expected year-over-year decline of 24.9%. The consensus estimate for earnings is $1.01.
The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters. In this timeframe, DD delivered an earnings surprise of around 9.2%, on average.
Benefits of strong demand and its cost-saving and productivity actions are expected to reflect on its results. However, DuPont’s results are likely to reflect the impacts of raw material cost inflation and challenges in the automotive market due to the chip shortage. (Read more: DuPont Warms Up to Q4 Earnings: What's in the Cards?)
DuPont de Nemours, Inc. Price and EPS Surprise
DuPont de Nemours, Inc. price-eps-surprise | DuPont de Nemours, Inc. Quote
FMC Corporation FMC will report results after the closing bell. Our proven model does not conclusively predict an earnings beat for the company. This is because it has an Earnings ESP of -0.59% and a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for fourth-quarter sales for FMC is currently pegged at $1,368 million, suggesting an 18.7% rise year over year. The consensus estimate for earnings is $2.02.
The company beat the Zacks Consensus Estimate for earnings in each of the last four quarters. FMC has a trailing four-quarter earnings surprise of 3.9%, on average.
FMC’s results are likely to have been gained by higher demand, pricing and new products. However, higher raw material and logistics costs are likely to have affected its results. (Read more: FMC Corp to Post Q4 Earnings: What's in Store?)
FMC Corporation Price and EPS Surprise
FMC Corporation price-eps-surprise | FMC Corporation Quote
Avient Corporation AVNT will come up with its quarterly results before the bell. Our proven model does not conclusively predict an earnings beat for the company. This is because it has an Earnings ESP of 0.00% and a Zacks Rank #3.
The Zacks Consensus Estimate for Avient’s revenues for the fourth quarter is pegged at $1,148 million, which suggests a year-over-year increase of 15.2%. The consensus estimate for earnings is 55 cents.
Avient beat the Zacks Consensus Estimate for earnings in each of the last four quarters, the average being 10.5%.
Avient is likely to have benefited from improved demand conditions across its end markets, strength in its composite technologies and synergies of the acquisition of Clariant Masterbatch. AVNT is expected to have witnessed strong demand for formulations and services. Strong growth in healthcare and industrial applications is likely to have continued in the fourth quarter. However, cost inflation and supply-chain issues are expected to have affected its performance.
Avient Corporation Price and EPS Surprise
Avient Corporation price-eps-surprise | Avient Corporation Quote
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
FMC Corporation (FMC): Free Stock Analysis Report
Avient Corporation (AVNT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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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DuPont de Nemours, Inc. DD will report earnings numbers before the bell. In this timeframe, DD delivered an earnings surprise of around 9.2%, on average. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
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DuPont de Nemours, Inc. DD will report earnings numbers before the bell. In this timeframe, DD delivered an earnings surprise of around 9.2%, on average. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
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DuPont de Nemours, Inc. DD will report earnings numbers before the bell. In this timeframe, DD delivered an earnings surprise of around 9.2%, on average. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
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DuPont de Nemours, Inc. DD will report earnings numbers before the bell. In this timeframe, DD delivered an earnings surprise of around 9.2%, on average. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
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18d363cb-e8de-460f-b671-ab7f674ff79c
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716073.0
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2022-02-02 00:00:00 UTC
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DuPont (DD) Warms Up to Q4 Earnings: What's in the Cards?
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DD
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https://www.nasdaq.com/articles/dupont-dd-warms-up-to-q4-earnings%3A-whats-in-the-cards
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nan
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nan
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DuPont de Nemours, Inc. DD is scheduled to come up with fourth-quarter 2021 results, before the opening bell on Feb 8. Benefits of strong demand and its cost-saving and productivity actions are expected to get reflected on its results. However, its results are likely to reflect the impacts of raw material cost inflation and challenges in the automotive market due to the chip shortage.
The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of around 9.2%, on average. It posted an earnings surprise of 2.7% in the last reported quarter.
DuPont’s shares have gained 4% over a year compared with 9.4% rise recorded by the industry it belongs to.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What do the Estimates Say?
The Zacks Consensus Estimate for revenues for the fourth quarter for DuPont is currently pinned at $3,966 million, suggesting an expected year-over-year decline of 24.5%.
The Zacks Consensus Estimate for the company’s Electronics & Industrial segment is pegged at $1,408 million, reflecting a 4% decline on a sequential comparison basis.
The consensus estimate for the Mobility & Materials unit stands at $1,241 million, reflecting a 4% sequential decline. The same for the Water & Protection division is pegged at $1,334 million, indicating a roughly 5% sequential decline.
Some Factors to Watch For
The company is expected to have benefited, in the December quarter, from sustained strength in semiconductors. Strong demand in construction and water end-markets and sustained improvement in global industrial end-markets are also likely to have supported its performance. The company is likely to have witnessed continued strong demand in North American residential construction along with a sustained recovery in commercial construction in the fourth quarter.
DuPont is also likely to have benefited from its cost and productivity actions in the quarter to be reported. Its structural cost actions are likely to have contributed to its bottom line in the quarter.
The company also continues to implement strategic price increases to offset the cost inflation. These actions are likely to have supported its results in the fourth quarter.
However, the company is likely to have faced challenges from higher raw material and logistics costs in the fourth quarter. Supply constraints for major raw materials are expected to have continued in the December quarter, affecting the company’s volumes.
DuPont is also expected to have witnessed a deceleration in order patterns due to the global semiconductor shortages, mainly in the automotive market. The chip shortage is likely to have impacted the automotive market in the fourth quarter. Weaker automotive production is expected to have affected DuPont’s Mobility & Materials unit in the quarter. The company’s results are also expected to reflect the weakness in certain consumer electronics markets due to the semiconductor shortage.
DuPont de Nemours, Inc. Price and EPS Surprise
DuPont de Nemours, Inc. price-eps-surprise | DuPont de Nemours, Inc. Quote
Zacks Model
Our proven model does not conclusively predict an earnings beat for DuPont this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for DuPont is -3.30%. The Zacks Consensus Estimate for earnings for the fourth quarter is currently pegged at $1.01. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: DuPont currently carries a Zacks Rank #3.
Stocks That Warrant a Look
Here are some companies in the basic materials space you may want to consider as our model shows these have the right combination of elements to post an earnings beat this quarter:
Huntsman Corporation HUN, scheduled to release earnings on Feb 15, has an Earnings ESP of +0.09% and carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Huntsman's fourth-quarter earnings has been revised 4.1% upward over the past 60 days. The consensus estimate for HUN’s earnings for the quarter is currently pegged at 88 cents.
CF Industries Holdings, Inc. CF, expected to release earnings on Feb 16, has an Earnings ESP of +9.44% and carries a Zacks Rank #2.
The consensus estimate for CF Industries' fourth-quarter earnings has been revised 40.1% upward over the past 60 days. The Zacks Consensus Estimate for CF’s earnings for the quarter stands at $3.25.
Nutrien Ltd. NTR, scheduled to release earnings on Feb 16, has an Earnings ESP of +0.36% and sports a Zacks Rank #1.
The Zacks Consensus Estimate for Nutrien's fourth-quarter earnings has been revised 0.6% upward over the past 60 days. The consensus estimate for NTR’s earnings for the quarter is currently pegged at $2.31.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
CF Industries Holdings, Inc. (CF): Free Stock Analysis Report
Huntsman Corporation (HUN): Free Stock Analysis Report
Nutrien Ltd. (NTR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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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DuPont de Nemours, Inc. DD is scheduled to come up with fourth-quarter 2021 results, before the opening bell on Feb 8. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report However, its results are likely to reflect the impacts of raw material cost inflation and challenges in the automotive market due to the chip shortage.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont de Nemours, Inc. DD is scheduled to come up with fourth-quarter 2021 results, before the opening bell on Feb 8. DuPont de Nemours, Inc. Price and EPS Surprise DuPont de Nemours, Inc. price-eps-surprise | DuPont de Nemours, Inc. Quote Zacks Model Our proven model does not conclusively predict an earnings beat for DuPont this season.
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DuPont de Nemours, Inc. DD is scheduled to come up with fourth-quarter 2021 results, before the opening bell on Feb 8. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report DuPont de Nemours, Inc. Price and EPS Surprise DuPont de Nemours, Inc. price-eps-surprise | DuPont de Nemours, Inc. Quote Zacks Model Our proven model does not conclusively predict an earnings beat for DuPont this season.
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DuPont de Nemours, Inc. DD is scheduled to come up with fourth-quarter 2021 results, before the opening bell on Feb 8. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report It posted an earnings surprise of 2.7% in the last reported quarter.
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9ea3b58f-dd43-4f8c-b4f6-b07b82765d34
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716074.0
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2022-02-01 00:00:00 UTC
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DuPont Breaks Above 200-Day Moving Average - Bullish for DD
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DD
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https://www.nasdaq.com/articles/dupont-breaks-above-200-day-moving-average-bullish-for-dd
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nan
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nan
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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed above their 200 day moving average of $76.92, changing hands as high as $77.34 per share. DuPont shares are currently trading up about 0.9% on the day. The chart below shows the one year performance of DD shares, versus its 200 day moving average:
Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $86.28 as the 52 week high point — that compares with a last trade of $77.35. The DD DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
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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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed above their 200 day moving average of $76.92, changing hands as high as $77.34 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $86.28 as the 52 week high point — that compares with a last trade of $77.35. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » 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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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed above their 200 day moving average of $76.92, changing hands as high as $77.34 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $86.28 as the 52 week high point — that compares with a last trade of $77.35. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » 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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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed above their 200 day moving average of $76.92, changing hands as high as $77.34 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $86.28 as the 52 week high point — that compares with a last trade of $77.35. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » 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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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed above their 200 day moving average of $76.92, changing hands as high as $77.34 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $86.28 as the 52 week high point — that compares with a last trade of $77.35. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » 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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0a16a0aa-608f-4341-8cb8-b472ba37afdc
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716075.0
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2022-01-31 00:00:00 UTC
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DuPont de Nemours (DD) Gains But Lags Market: What You Should Know
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-gains-but-lags-market%3A-what-you-should-know-1
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nan
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nan
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DuPont de Nemours (DD) closed the most recent trading day at $76.60, moving +0.7% from the previous trading session. This move lagged the S&P 500's daily gain of 1.89%. Meanwhile, the Dow gained 1.17%, and the Nasdaq, a tech-heavy index, added 0.75%.
Heading into today, shares of the specialty chemicals maker had lost 5.83% over the past month, lagging the Basic Materials sector's loss of 4% and outpacing the S&P 500's loss of 7.36% in that time.
Wall Street will be looking for positivity from DuPont de Nemours as it approaches its next earnings report date. This is expected to be February 8, 2022. The company is expected to report EPS of $1.01, up 6.32% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.97 billion, down 24.48% from the year-ago period.
Any recent changes to analyst estimates for DuPont de Nemours should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.15% higher. DuPont de Nemours is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that DuPont de Nemours has a Forward P/E ratio of 15.64 right now. Its industry sports an average Forward P/E of 12.31, so we one might conclude that DuPont de Nemours is trading at a premium comparatively.
It is also worth noting that DD currently has a PEG ratio of 1.45. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. DD's industry had an average PEG ratio of 1.09 as of yesterday's close.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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As one investor put it, “curing and preventing hundreds of diseases…what should that market be worth?” This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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DuPont de Nemours (DD) closed the most recent trading day at $76.60, moving +0.7% from the previous trading session. Meanwhile, the Dow gained 1.17%, and the Nasdaq, a tech-heavy index, added 0.75%. It is also worth noting that DD currently has a PEG ratio of 1.45.
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DuPont de Nemours (DD) closed the most recent trading day at $76.60, moving +0.7% from the previous trading session. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Meanwhile, the Dow gained 1.17%, and the Nasdaq, a tech-heavy index, added 0.75%.
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DuPont de Nemours (DD) closed the most recent trading day at $76.60, moving +0.7% from the previous trading session. Meanwhile, the Dow gained 1.17%, and the Nasdaq, a tech-heavy index, added 0.75%. It is also worth noting that DD currently has a PEG ratio of 1.45.
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DuPont de Nemours (DD) closed the most recent trading day at $76.60, moving +0.7% from the previous trading session. Meanwhile, the Dow gained 1.17%, and the Nasdaq, a tech-heavy index, added 0.75%. It is also worth noting that DD currently has a PEG ratio of 1.45.
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71eff8df-6931-444b-93d0-92273ad0e928
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716076.0
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2022-01-27 00:00:00 UTC
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DD March 11th Options Begin Trading
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DD
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https://www.nasdaq.com/articles/dd-march-11th-options-begin-trading
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nan
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nan
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Investors in DuPont (Symbol: DD) saw new options begin trading today, for the March 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new March 11th contracts and identified one put and one call contract of particular interest.
The put contract at the $76.00 strike price has a current bid of $1.09. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $76.00, but will also collect the premium, putting the cost basis of the shares at $74.91 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $76.92/share today.
Because the $76.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 56%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 1.43% return on the cash commitment, or 12.17% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $76.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $83.00 strike price has a current bid of 72 cents. If an investor was to purchase shares of DD stock at the current price level of $76.92/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $83.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.84% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $83.00 strike highlighted in red:
Considering the fact that the $83.00 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 78%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.94% boost of extra return to the investor, or 7.95% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 54%, while the implied volatility in the call contract example is 34%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $76.92) to be 27%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $83.00 strike highlighted in red: Considering the fact that the $83.00 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the March 11th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 56%. Below is a chart showing DD's trailing twelve month trading history, with the $83.00 strike highlighted in red: Considering the fact that the $83.00 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 78%.
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Below is a chart showing DD's trailing twelve month trading history, with the $83.00 strike highlighted in red: Considering the fact that the $83.00 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Investors in DuPont (Symbol: DD) saw new options begin trading today, for the March 11th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new March 11th contracts and identified one put and one call contract of particular interest. Below is a chart showing DD's trailing twelve month trading history, with the $83.00 strike highlighted in red: Considering the fact that the $83.00 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the March 11th expiration.
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a028c6f1-d12c-4d26-92f1-a0662edfd3e9
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716077.0
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2022-01-25 00:00:00 UTC
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DuPont de Nemours (DD) Stock Moves -0.41%: What You Should Know
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-stock-moves-0.41%3A-what-you-should-know
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nan
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nan
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In the latest trading session, DuPont de Nemours (DD) closed at $76.83, marking a -0.41% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.22%. Meanwhile, the Dow lost 0.19%, and the Nasdaq, a tech-heavy index, lost 0.53%.
Heading into today, shares of the specialty chemicals maker had lost 3.33% over the past month, lagging the Basic Materials sector's loss of 1.19% and outpacing the S&P 500's loss of 6.58% in that time.
Investors will be hoping for strength from DuPont de Nemours as it approaches its next earnings release. On that day, DuPont de Nemours is projected to report earnings of $1.01 per share, which would represent year-over-year growth of 6.32%. Meanwhile, our latest consensus estimate is calling for revenue of $3.97 billion, down 24.48% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for DuPont de Nemours. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.15% higher within the past month. DuPont de Nemours is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that DuPont de Nemours has a Forward P/E ratio of 15.86 right now. This valuation marks a premium compared to its industry's average Forward P/E of 12.42.
Meanwhile, DD's PEG ratio is currently 1.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Chemical - Diversified stocks are, on average, holding a PEG ratio of 1.15 based on yesterday's closing prices.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DD in the coming trading sessions, be sure to utilize Zacks.com.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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In the latest trading session, DuPont de Nemours (DD) closed at $76.83, marking a -0.41% move from the previous day. Meanwhile, DD's PEG ratio is currently 1.47. To follow DD in the coming trading sessions, be sure to utilize Zacks.com.
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In the latest trading session, DuPont de Nemours (DD) closed at $76.83, marking a -0.41% move from the previous day. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Meanwhile, DD's PEG ratio is currently 1.47.
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DuPont de Nemours, Inc. (DD): Free Stock Analysis Report In the latest trading session, DuPont de Nemours (DD) closed at $76.83, marking a -0.41% move from the previous day. Meanwhile, DD's PEG ratio is currently 1.47.
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In the latest trading session, DuPont de Nemours (DD) closed at $76.83, marking a -0.41% move from the previous day. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Meanwhile, DD's PEG ratio is currently 1.47.
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5d18c2b1-acd7-4889-af9d-6260627200bc
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716078.0
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2022-01-24 00:00:00 UTC
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3 Stocks That Are Thriving in an Inflationary Environment
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DD
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https://www.nasdaq.com/articles/3-stocks-that-are-thriving-in-an-inflationary-environment
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Inflation is one of the biggest threats facing the economy. This is evident by looking at public polling, consumer sentiment, recent earnings reports, and statements from government officials. And it’s something to keep in mind when looking for stocks to buy.
About 80% of companies that reported earnings in the third quarter cited factors like supply chain challenges, the difficulty of finding labor and rising costs in their conference calls. This is a sharp contrast to the last decade, when the biggest challenge was deflation and low demand. Investors will certainly have to adjust their approach and strategy in order to profit in this environment.
One profitable strategy during this time of high inflation is to focus on stocks that have pricing power, as these companies’ margins will continue to expand. In contrast, stocks without pricing power are likely to underperform as margin compression erodes EPS.
7 Utility Stocks to Buy Despite the Heating Crisis
Therefore, investors should consider these three stocks to buy that are thriving in this inflationary environment:
Olin (NYSE:OLN)
Nucor (NYSE:NUE)
Chemours (NYSE:CC)
Stocks to Buy for Inflation: Olin (OLN)
OLN) logo displayed on a mobile phone screen representing dividend stocks" width="300" height="169">
Source: IgorGolovniov / Shutterstock.com
OLN is a global maker of chemical products, focusing on three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The company works through both its sales personnel and direct sales to industrial clients, wholesalers and more, as well as the United States Government and its prime contractors.
OLN is a great pick for an inflationary environment because its chemicals are used in all sorts of industrial processes. This gives it pricing power as its customers who need those chemicals have no choice but to accept higher prices. Further, OLN has a dominant market share in many categories which means that it’s benefitting from a strong industrial recovery.
Another indication of its strength is found in its recent earnings report, with the major highlight being the company’s authorization of a $1 billion buyback. It also saw a 63% year-over-year increase in revenue. Net income had a major turnaround, going from a loss of $736.8 million in last year’s Q3 to a profit of $390.7 million this year.
Its outlook remains bright, as analysts are expecting the company’s full-year EPS to reach $8.64 which implies a forward P/E of 5.7. EPS should also get another lift from the buyback program, which is accretive by about 12%.
OLN’s POWR Ratings reflect this promising outlook. The company has an overall A rating, which translates to “strong buy” in our proprietary rating system. A-rated stocks have posted an average annual performance of over 30%. To see the complete POWR Ratings for OLN, click here.
Ternium (TX)
Source: Shutterstock
TX manufactures, sells, and distributes steel. It’s currently one of the largest steel companies in the world and operates through two segments — steel and mining. The Luxembourg-based company also provides other services, including financial and engineering.
Steel companies are also likely to outperform in the current environment. The major factor is that construction activity, infrastructure spending, and industrial production are all expanding at a rapid rate and are projected to remain strong over the next few years. Further, in an inflationary environment, a steel company’s assets also appreciate in value as the cost of building new production also increases. Further as a provider of inputs, it also tends to have more pricing power.
These positives are evident in TX’s recent earnings report as its profit margins reached 23% which is a significant improvement from its pre-pandemic 5% profit margin. The company also reported 115% revenue growth. It also had an incredible spike in earnings from a loss last year to $6.12 per share this year.
Further, earnings are expected to continue growing, albeit at a slower pace. Despite this earnings growth, TX is quite cheap with a forward P/E of 4.2 which is significantly cheaper than the S&P 500’s forward P/E of 21. Wall Street is also bullish on the stock as four out of six analysts covering it have a buy rating with a consensus price target implying nearly 40% upside.
TX’s strong fundamentals are reflected in its POWR Ratings. The stock has an overall A rating, which equates to “strong buy” in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
7 Entertainment Stocks You’ll Want on Your Shortlist
Not surprisingly, the stock has a B for Growth and Value which isn’t surprising considering its low P/E and massive earnings growth. To see TX’s complete POWR Ratings, click here.
Stocks to Buy for Inflation: Chemours (CC)
Source: Shutterstock
The last of our stocks to buy for inflation, CC stock, is a manufacturer and distributor of performance chemicals. The company is based in Wilmington, Delaware and is a spinoff of Dupont (NYSE:DD). It operates all over the world and has four major units: Titanium Technologies; Thermal & Specialized Solutions; Advanced Performance Materials; and Chemical Solutions.
Like OLN, CC will benefit from an inflationary environment as its chemicals are inputs for all types of products. However, one of its largest revenue sources is titanium dioxide, which is a key ingredient for white paint. Therefore, CC is also connected to the housing industry.
Housing is one of the strongest parts of the economy, and there is no stopping its momentum due to favorable supply and demand dynamics. In part, this is a reflection of the strong labor market, rising wages, low rates, and strong household balance sheets. Such strong fundamentals also mean it’s likely we will see more home improvement and renovation projects which will also benefit CC.
These positive fundamentals were also reflected in CC’s recent earnings report which showed a 36% increase in revenue to $1.7 billion. The company’s gross profit increased 66.1% to $427 million, and net income surged 181.6% to $214 million. Overall, EPS grew by 176% to $1.27.
The company’s momentum is expected to continue, with projections for $4.11 in full-year EPS, more than double last year’s figure. It also means shares are remarkably cheap with a forward P/E of 7.2 and a dividend yield of 3%.
CC’s strong fundamentals are reflected in its POWR Ratings. The stock has an overall A rating, which equates to “strong buy” in our POWR Ratings system. The POWR Ratings also evaluates stocks by various components to give investors additional insight. The stock has an A for Quality which makes sense considering that Wall Street has a consensus price target of $43.29, implying 30% upside from current levels. Click here to see CC’s full POWR Ratings.
On the date of publication, Jaimini Desai did not have (either directly or indirectly) positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Jaimini Desai has been a financial writer and reporter for nearly a decade. He has helped countless investors take profitable rides on some of the hottest growth trends. His previous experience includes writing for Investopedia, Seeking Alpha, and MT Newswires. He is the Chief Growth Strategist for StockNews.com and the editor of the POWR Growth and POWR Stocks Under $10 newsletters.
Want More Great Investing Ideas from StockNews.com?
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The post 3 Stocks That Are Thriving in an Inflationary Environment appeared first on InvestorPlace.
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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The company is based in Wilmington, Delaware and is a spinoff of Dupont (NYSE:DD). The POWR Ratings also evaluates stocks by various components to give investors additional insight. About 80% of companies that reported earnings in the third quarter cited factors like supply chain challenges, the difficulty of finding labor and rising costs in their conference calls.
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The company is based in Wilmington, Delaware and is a spinoff of Dupont (NYSE:DD). The POWR Ratings also evaluates stocks by various components to give investors additional insight. 7 Utility Stocks to Buy Despite the Heating Crisis Therefore, investors should consider these three stocks to buy that are thriving in this inflationary environment: Olin (NYSE:OLN) Nucor (NYSE:NUE) Chemours (NYSE:CC) Stocks to Buy for Inflation: Olin (OLN) OLN) logo displayed on a mobile phone screen representing dividend stocks" width="300" height="169"> Source: IgorGolovniov / Shutterstock.com OLN is a global maker of chemical products, focusing on three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester.
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The company is based in Wilmington, Delaware and is a spinoff of Dupont (NYSE:DD). The POWR Ratings also evaluates stocks by various components to give investors additional insight. 7 Utility Stocks to Buy Despite the Heating Crisis Therefore, investors should consider these three stocks to buy that are thriving in this inflationary environment: Olin (NYSE:OLN) Nucor (NYSE:NUE) Chemours (NYSE:CC) Stocks to Buy for Inflation: Olin (OLN) OLN) logo displayed on a mobile phone screen representing dividend stocks" width="300" height="169"> Source: IgorGolovniov / Shutterstock.com OLN is a global maker of chemical products, focusing on three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester.
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The company is based in Wilmington, Delaware and is a spinoff of Dupont (NYSE:DD). The POWR Ratings also evaluates stocks by various components to give investors additional insight. The company also reported 115% revenue growth.
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859e5890-ad6d-4d30-85a2-c052fa15e88b
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716079.0
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2022-01-17 00:00:00 UTC
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DuPont de Nemours (DD) Outpaces Stock Market Gains: What You Should Know
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-outpaces-stock-market-gains%3A-what-you-should-know
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nan
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nan
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DuPont de Nemours (DD) closed the most recent trading day at $84.97, moving +1.14% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.08%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, lost 4.81%.
Prior to today's trading, shares of the specialty chemicals maker had gained 11.06% over the past month. This has outpaced the Basic Materials sector's gain of 7.23% and the S&P 500's gain of 0.64% in that time.
Investors will be hoping for strength from DuPont de Nemours as it approaches its next earnings release. On that day, DuPont de Nemours is projected to report earnings of $1.01 per share, which would represent year-over-year growth of 6.32%. Meanwhile, our latest consensus estimate is calling for revenue of $3.97 billion, down 24.48% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for DuPont de Nemours. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.15% higher. DuPont de Nemours is currently a Zacks Rank #3 (Hold).
In terms of valuation, DuPont de Nemours is currently trading at a Forward P/E ratio of 17.47. This represents a premium compared to its industry's average Forward P/E of 13.28.
It is also worth noting that DD currently has a PEG ratio of 1.62. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Chemical - Diversified stocks are, on average, holding a PEG ratio of 1.22 based on yesterday's closing prices.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DD in the coming trading sessions, be sure to utilize Zacks.com.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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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DuPont de Nemours (DD) closed the most recent trading day at $84.97, moving +1.14% from the previous trading session. It is also worth noting that DD currently has a PEG ratio of 1.62. To follow DD in the coming trading sessions, be sure to utilize Zacks.com.
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DuPont de Nemours (DD) closed the most recent trading day at $84.97, moving +1.14% from the previous trading session. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report It is also worth noting that DD currently has a PEG ratio of 1.62.
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DuPont de Nemours (DD) closed the most recent trading day at $84.97, moving +1.14% from the previous trading session. DuPont de Nemours, Inc. (DD): Free Stock Analysis Report It is also worth noting that DD currently has a PEG ratio of 1.62.
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DuPont de Nemours (DD) closed the most recent trading day at $84.97, moving +1.14% from the previous trading session. It is also worth noting that DD currently has a PEG ratio of 1.62. To follow DD in the coming trading sessions, be sure to utilize Zacks.com.
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7f1a8721-b924-41bc-ba5a-71f34f052953
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716080.0
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2022-01-16 00:00:00 UTC
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DuPont de Nemours Inc Shares Close in on 52-Week High - Market Mover
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-inc-shares-close-in-on-52-week-high-market-mover
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nan
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nan
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DuPont de Nemours Inc (DD) shares closed today at 0.7% below its 52 week high of $85.60, giving the company a market cap of $44B. The stock is currently up 5.2% year-to-date, up 4.8% over the past 12 months, and down 31.5% over the past five years. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 0.3%.
Trading Activity
Trading volume this week was 14.4% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed above its Bollinger band, indicating it may be overbought.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 25.8%
The company's stock price performance over the past 12 months lags the peer average by -76.9%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -65.7% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen 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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DuPont de Nemours Inc (DD) shares closed today at 0.7% below its 52 week high of $85.60, giving the company a market cap of $44B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 25.8% The company's stock price performance over the past 12 months lags the peer average by -76.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -65.7% lower than the average peer.
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DuPont de Nemours Inc (DD) shares closed today at 0.7% below its 52 week high of $85.60, giving the company a market cap of $44B. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 0.3%. Trading Activity Trading volume this week was 14.4% lower than the 20-day average.
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DuPont de Nemours Inc (DD) shares closed today at 0.7% below its 52 week high of $85.60, giving the company a market cap of $44B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 25.8% The company's stock price performance over the past 12 months lags the peer average by -76.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -65.7% lower than the average peer. This story was produced by the Kwhen Automated News Generator.
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DuPont de Nemours Inc (DD) shares closed today at 0.7% below its 52 week high of $85.60, giving the company a market cap of $44B. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 0.3%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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ce11c0a2-9136-4abb-8f20-b1b5c699b0db
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716081.0
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2022-01-15 00:00:00 UTC
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DuPont de Nemours Inc Shares Near 52-Week High - Market Mover
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-inc-shares-near-52-week-high-market-mover
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nan
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nan
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DuPont de Nemours Inc (DD) shares closed today at 0.7% below its 52 week high of $85.60, giving the company a market cap of $44B. The stock is currently up 5.2% year-to-date, up 4.5% over the past 12 months, and down 31.5% over the past five years. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 0.3%.
Trading Activity
Trading volume this week was 14.4% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed above its Bollinger band, indicating it may be overbought.
The stock closed at 1.7% higher than its 5-day moving average, 5.3% higher than its 20-day moving average, and 12.7% higher than its 90-day moving average.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 33.2%
The company's stock price performance over the past 12 months lags the peer average by -76.3%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -65.6% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen 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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DuPont de Nemours Inc (DD) shares closed today at 0.7% below its 52 week high of $85.60, giving the company a market cap of $44B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 33.2% The company's stock price performance over the past 12 months lags the peer average by -76.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -65.6% lower than the average peer.
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DuPont de Nemours Inc (DD) shares closed today at 0.7% below its 52 week high of $85.60, giving the company a market cap of $44B. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 0.3%. The stock closed at 1.7% higher than its 5-day moving average, 5.3% higher than its 20-day moving average, and 12.7% higher than its 90-day moving average.
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DuPont de Nemours Inc (DD) shares closed today at 0.7% below its 52 week high of $85.60, giving the company a market cap of $44B. The stock closed at 1.7% higher than its 5-day moving average, 5.3% higher than its 20-day moving average, and 12.7% higher than its 90-day moving average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 33.2% The company's stock price performance over the past 12 months lags the peer average by -76.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -65.6% lower than the average peer.
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DuPont de Nemours Inc (DD) shares closed today at 0.7% below its 52 week high of $85.60, giving the company a market cap of $44B. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 0.3%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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6e0f6704-88c9-4484-9350-66e5b330a673
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716082.0
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2022-01-14 00:00:00 UTC
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DuPont de Nemours Inc Shares Approach 52-Week High - Market Mover
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-inc-shares-approach-52-week-high-market-mover
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nan
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nan
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DuPont de Nemours Inc (DD) shares closed today at 1.9% below its 52 week high of $85.60, giving the company a market cap of $43B. The stock is currently up 3.6% year-to-date, down 1.5% over the past 12 months, and down 32.5% over the past five years. This week, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 rose 0.6%.
Trading Activity
Trading volume this week was 4.6% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed above its Bollinger band, indicating it may be overbought.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 28.4%
The company's stock price performance over the past 12 months lags the peer average by -109.4%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -65.8% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen 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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DuPont de Nemours Inc (DD) shares closed today at 1.9% below its 52 week high of $85.60, giving the company a market cap of $43B. This week, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 rose 0.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 28.4% The company's stock price performance over the past 12 months lags the peer average by -109.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -65.8% lower than the average peer.
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DuPont de Nemours Inc (DD) shares closed today at 1.9% below its 52 week high of $85.60, giving the company a market cap of $43B. This week, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 rose 0.6%. Trading Activity Trading volume this week was 4.6% lower than the 20-day average.
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DuPont de Nemours Inc (DD) shares closed today at 1.9% below its 52 week high of $85.60, giving the company a market cap of $43B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 28.4% The company's stock price performance over the past 12 months lags the peer average by -109.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -65.8% lower than the average peer. This story was produced by the Kwhen Automated News Generator.
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DuPont de Nemours Inc (DD) shares closed today at 1.9% below its 52 week high of $85.60, giving the company a market cap of $43B. This week, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 rose 0.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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721e8175-9efd-44b8-84c0-bc3cd67e5b32
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716083.0
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2022-01-06 00:00:00 UTC
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7 Best Stocks to Buy to Kick Off the New Year
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DD
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https://www.nasdaq.com/articles/7-best-stocks-to-buy-to-kick-off-the-new-year
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With the major market indices ending 2021 near record highs, analysts who have been cheerleading the meteoric rise appear to have justification for their bold claims. Having been burnt before by the 2008 financial meltdown, the natural reaction is skepticism. Yet ardent bulls claim that the best is yet to come for stocks to buy in 2022. Certainly, the immediate evidence points in that direction.
Still, I can’t help but think rampant speculation has never ended well throughout history. In a few articles for InvestorPlace, I’ve mentioned Yale economics professor Robert Shiller article on the New York Times about the public sentiment during the Roaring Twenties. If you approach the evidence that Shiller provides with intellectual honesty, you can’t help but feel the fervor aligns with what we’re seeing today for high-risk, high-reward stocks to buy.
One contributing factor that led to the great crash of 1929 was stock trading on margin. Retail investors who lacked the sophistication of their professional peers essentially borrowed money from brokers to buy popular securities. Things started to unravel when borrowers could no longer keep their account in the black, so to speak. While the situation hasn’t gotten that bad yet, the current speculation on risky stocks to buy harkens back to a dangerous time.
At the same time, I’m not crazy enough to bet against the market (at least not at the moment). I can’t help but remember the old adage: the market can stay irrational far longer than you can stay solvent. Still, it’s not wise to ignore some of the worrying signs. For instance, if popular stocks to buy in 2021 are still amazing, the executives of those issuing companies have a strange way of showing it.
Sure, the insider selling may be for perfectly legitimate reasons, such as tax considerations and portfolio rebalancing to account for inflation. But I think it’s also fair to ask, what do they know that we don’t?
The 10 Best Stocks to Buy for a Whole New Year of Returns
In that spirit of skepticism, here are possibly safer and more reliable ideas for stocks to buy in 2022:
Johnson & Johnson (NYSE:JNJ)
Chevron (NYSE:CVX)
DuPont de Nemours (NYSE:DD)
Archer Daniels Midland (NYSE:ADM)
Xylem (NYSE:XYL)
Alarm.com (NASDAQ:ALRM)
Squarespace (NYSE:SQSP)
Aside from a few longshots, I’m not shooting for the stars here. Rather, since we’re in the first month of the new year, it’s probably best to get your foot in the door with reasonable ideas. Later, we can explore some of the exciting stocks to buy as we digest important news items.
Stocks to Buy for the New Year: Johnson & Johnson (JNJ)
JNJ) sign hangs inside in Moscow, Russia." width="300" height="169">
Source: Alexander Tolstykh / Shutterstock.com
Typically a boring but stable name among healthcare-related stocks to buy, Johnson & Johnson met the cynical opportunity of the coronavirus pandemic with aplomb. Among the direct winners of the Covid-19 crisis, the pharmaceutical giant offered an intriguing alternative to the vaccines that Pfizer (NYSE:PFE) and Moderna (NASDAQ:MRNA) put forth.
Rather than a two-dose regimen, JNJ went with a single-shot approach. Also, while the Pfizer/Moderna vaccines require a six-month waiting period before patients can take a booster shot, JNJ participants can get their booster after just two months for those 18 years and older. It’s difficult to quantify but JNJ likely saved lives thanks to its vaccine’s more convenient profile.
Moving forward, prospective investors have reason to consider adding Johnson & Johnson to their list of stocks to buy. As the Covid-19 crisis fades into the rear-view mirror, demand for other medical needs will probably rise. As multiple sources reported, many chronically ill patients throughout the world put off care due to fears of the coronavirus.
Hopefully, circumstances will normalize soon, which bodes well for JNJ nearer term and longer term.
Chevron (CVX)
CVX) logo on blue sign in front of skyscraper building" width="300" height="169">
Source: Jeff Whyte / Shutterstock.com
Back in 2020 when the coronavirus first upturned global communities, frequent drivers faced an eerie backdrop. Once bustling major metropolitan areas suddenly became ghost towns — or at least their streets did. As a result, gasoline prices were incredibly cheap, with oil contracts even dipping below zero at one point, an unprecedented situation for companies like Chevron.
While I probably speak for everyone in that we’re grateful that we’re gradually coming out of the mess, I’m also not the only one who hasn’t wished for some elements of the pandemic to stay with us: namely, cheap gas prices. True, I’m not driving that much these days. However, when I do, I certainly pay for it.
Now, the high cost of gasoline would normally bode well for electric vehicles. And EVs will likely take over the roads at some point. However, it’s also reasonable to point out that the electric transition may be delayed for a few years at least. That’s because, with consumers rushing to auto dealerships for used cars, demand for oil may logically increase.
The 10 Best Stocks to Buy for a Whole New Year of Returns
Furthermore, if car prices plummet and recent buyers end up holding the bag, there’s even more incentive for these folks to hold onto their vehicles for longer. Though cynical, big oil firms like Chevron are among those contrarian stocks to buy for 2022.
DuPont de Nemours (DD)
Source: Shutterstock
Even with the fanfare that multiple stocks to buy experienced over the past two years, DuPont de Nemours has remained boring and pedestrian. In 2021, DD stock returned just a hair under 15%. Though believe me, you never want to scoff at positive returns because sometimes, the market isn’t always kind to you.
Still, when the vanilla SPDR S&P 500 ETF Trust (NYSEARCA:SPY) delivers nearly 29% for the year just ended, it makes you rethink things. Plus, over the trailing five-year period, DD is actually down a bit over 1%. Again, this circumstance doesn’t exactly elicit confidence.
However, for a contrarian pick among large-cap stocks to buy, DD could fit the bill under the basic thesis that it’s due for a strong performance. Thankfully, it’s not just wishful thinking bolstering DuPont. Recently, the materials giant announced that it bought out Rogers Corporation in an “all-cash transaction that values Rogers at approximately $5.2 billion.”
Perhaps most significantly, “Rogers’ advanced electronic and elastomeric materials are used in applications for EV/HEV.” Additionally, through the acquisition, DuPont will have exposure to “automotive safety and radar systems, mobile devices, renewable energy, wireless infrastructure, energy-efficient motor drives, industrial equipment and more.”
Archer Daniels Midland (ADM)
ADM) logo on sign at office campus" width="300" height="169">
Source: Katherine Welles / Shutterstock.com
Over the past several months, business media outlets focused on the problems associated with rising consumer prices.
Due to the fastest rate of inflation in 31 years, the Biden administration couldn’t celebrate important economic benchmarks, such as the falling unemployment rate. Labor statistics don’t always concern individual households. But everybody — including the rich — notices when their favorite items cost more than they used to.
On the other hand, the employment level is still conspicuously lower than it was pre-pandemic, although GDP is much higher than it was just prior to the global health crisis. When you combine higher productivity with a lower worker base, you have deflation. Adding to this point, you have money velocity, which has dipped to multidecade lows.
Therefore, it isn’t a given which way the economy will turn, inflation or deflation. That’s why every investor should at least consider including Archer Daniels Midland in their list of stocks to buy. As a food processing and commodities trading corporation, Archer Daniels represents a crucial component of society: you’ll die if you don’t eat.
The 10 Best Stocks to Buy for a Whole New Year of Returns
For a less-dramatic thesis, ADM is a consumer necessity. Therefore, budget cuts will impact most other companies before it starts crimping Archer Daniels.
Xylem (XYL)
Source: IgorGolovniov / Shutterstock.com
With multiple changes occurring over the trailing two years, it’s difficult to pick just one major theme. Sure, most media headlines have covered the Covid-19 pandemic for good reason. However, climate change has also been a much-heated (no pun intended) discussion, as is the rising realization of the global water crisis.
“According to the International Water Management Institute , agriculture, which accounts for about 70% of global water withdrawals, is constantly competing with domestic, industrial and environmental uses for a scarce water supply. In attempts to fix this ever growing problem, many have tried to form more effective methods of water management,” states The Water Project.
While no one company can be the be-all, end-all catalyst for the brewing problem, Xylem, a water technology provider, may offer a substantive answer with its efficient management system. For instance, Xylem provides water supply and irrigation solutions for the agricultural industry, along with wastewater handling.
On the commercial side, Xylem offers energy-efficient HVAC (heating, ventilation, air conditioning) and water/wastewater solutions, while also providing water-related services for residential areas. Again, with dwindling supplies of Earth’s most precious resource, XYL is on course to become one of the most important stocks to buy.
Alarm.com (ALRM)
Source: JHVEPhoto / Shutterstock.com
With my last two picks for stocks to buy for 2022, I’m going to entertain the speculative side of the picture. If that’s not for you, feel free to skip ahead to the more conservative ideas that my InvestorPlace colleagues may have.
But if you want to add a small fireworks show to your portfolio, Alarm.com might provide just that. In 2020, most people were concerned about hunkering down and staying safe amid a strange infectious virus. But in 2021, society became much more acclimated to the new normal.
However, many folks also entered into a widened wealth gap, possibly contributing to a ramp up in both property and violent crimes in several cities across America.
Now, let me be absolutely clear before you fire off a misguided email: I do not condone any crime, violent or otherwise. However, we must be intellectually honest and realize that many crimes — particularly involving property and/or finances — feature a catalyst. Economic desperation may explain at least some of the recent purported crime waves.
Well, regular folks are often the victims of broader trends that drive this desperation. That’s why Alarm.com, with its specialty in artificial-intelligence-driven security solutions could see a rise in relevance.
The 10 Best Stocks to Buy for a Whole New Year of Returns
After all, these property crimes seem only to be increasing in frequency, intensity and blatancy.
Squarespace (SQSP)
Source: monticello / Shutterstock.com
When Squarespace launched its initial public offering last year, it did so with much anticipation. According to Benzinga contributor Sarah Horvath, the “company’s unique processes have made it significantly easier for those with little technical knowledge to extend their businesses into the online sphere.”
Further, Horvath notes that “Squarespace’s ready-made templates and membership pricing make it an attractive option for both those who need design assistance without paying for a full-service graphic designer.” Combined with a powerful and popular brand, SQSP seemed to be one of the stocks to buy for 2021.
Alas, the results weren’t quite as expected. Against its first closing price (which before you start typing is different from its reference price), SQSP slipped over 32%. Disappointing fiscal results along with stiff competition hurt investor confidence. Still, if you’re the optimistic type, 2022 could bring about a different perspective.
Namely, with so many American workers having gotten a taste of the gig life, they may want to explore it as a viable career option. As well, much of the negativity has already been priced in, potentially facilitating upside over the new year.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.
The post 7 Best Stocks to Buy to Kick Off the New Year appeared first on InvestorPlace.
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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The 10 Best Stocks to Buy for a Whole New Year of Returns In that spirit of skepticism, here are possibly safer and more reliable ideas for stocks to buy in 2022: Johnson & Johnson (NYSE:JNJ) Chevron (NYSE:CVX) DuPont de Nemours (NYSE:DD) Archer Daniels Midland (NYSE:ADM) Xylem (NYSE:XYL) Alarm.com (NASDAQ:ALRM) Squarespace (NYSE:SQSP) Aside from a few longshots, I’m not shooting for the stars here. Moving forward, prospective investors have reason to consider adding Johnson & Johnson to their list of stocks to buy. Once bustling major metropolitan areas suddenly became ghost towns — or at least their streets did.
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The 10 Best Stocks to Buy for a Whole New Year of Returns In that spirit of skepticism, here are possibly safer and more reliable ideas for stocks to buy in 2022: Johnson & Johnson (NYSE:JNJ) Chevron (NYSE:CVX) DuPont de Nemours (NYSE:DD) Archer Daniels Midland (NYSE:ADM) Xylem (NYSE:XYL) Alarm.com (NASDAQ:ALRM) Squarespace (NYSE:SQSP) Aside from a few longshots, I’m not shooting for the stars here. Recently, the materials giant announced that it bought out Rogers Corporation in an “all-cash transaction that values Rogers at approximately $5.2 billion.” Perhaps most significantly, “Rogers’ advanced electronic and elastomeric materials are used in applications for EV/HEV.” Additionally, through the acquisition, DuPont will have exposure to “automotive safety and radar systems, mobile devices, renewable energy, wireless infrastructure, energy-efficient motor drives, industrial equipment and more.” Archer Daniels Midland (ADM) ADM) logo on sign at office campus" width="300" height="169"> Source: Katherine Welles / Shutterstock.com Over the past several months, business media outlets focused on the problems associated with rising consumer prices. Moving forward, prospective investors have reason to consider adding Johnson & Johnson to their list of stocks to buy.
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The 10 Best Stocks to Buy for a Whole New Year of Returns In that spirit of skepticism, here are possibly safer and more reliable ideas for stocks to buy in 2022: Johnson & Johnson (NYSE:JNJ) Chevron (NYSE:CVX) DuPont de Nemours (NYSE:DD) Archer Daniels Midland (NYSE:ADM) Xylem (NYSE:XYL) Alarm.com (NASDAQ:ALRM) Squarespace (NYSE:SQSP) Aside from a few longshots, I’m not shooting for the stars here. Recently, the materials giant announced that it bought out Rogers Corporation in an “all-cash transaction that values Rogers at approximately $5.2 billion.” Perhaps most significantly, “Rogers’ advanced electronic and elastomeric materials are used in applications for EV/HEV.” Additionally, through the acquisition, DuPont will have exposure to “automotive safety and radar systems, mobile devices, renewable energy, wireless infrastructure, energy-efficient motor drives, industrial equipment and more.” Archer Daniels Midland (ADM) ADM) logo on sign at office campus" width="300" height="169"> Source: Katherine Welles / Shutterstock.com Over the past several months, business media outlets focused on the problems associated with rising consumer prices. Moving forward, prospective investors have reason to consider adding Johnson & Johnson to their list of stocks to buy.
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The 10 Best Stocks to Buy for a Whole New Year of Returns In that spirit of skepticism, here are possibly safer and more reliable ideas for stocks to buy in 2022: Johnson & Johnson (NYSE:JNJ) Chevron (NYSE:CVX) DuPont de Nemours (NYSE:DD) Archer Daniels Midland (NYSE:ADM) Xylem (NYSE:XYL) Alarm.com (NASDAQ:ALRM) Squarespace (NYSE:SQSP) Aside from a few longshots, I’m not shooting for the stars here. Moving forward, prospective investors have reason to consider adding Johnson & Johnson to their list of stocks to buy. Once bustling major metropolitan areas suddenly became ghost towns — or at least their streets did.
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69643cef-8e62-4905-8a07-205c23653525
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716084.0
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2022-01-02 00:00:00 UTC
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What Kind Of Shareholders Own DuPont de Nemours, Inc. (NYSE:DD)?
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DD
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https://www.nasdaq.com/articles/what-kind-of-shareholders-own-dupont-de-nemours-inc.-nyse%3Add
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nan
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nan
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Every investor in DuPont de Nemours, Inc. (NYSE:DD) should be aware of the most powerful shareholder groups. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. Companies that have been privatized tend to have low insider ownership.
DuPont de Nemours is a pretty big company. It has a market capitalization of US$42b. Normally institutions would own a significant portion of a company this size. Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. Let's delve deeper into each type of owner, to discover more about DuPont de Nemours.
NYSE:DD Ownership Breakdown January 2nd 2022
What Does The Institutional Ownership Tell Us About DuPont de Nemours?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
DuPont de Nemours already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see DuPont de Nemours' historic earnings and revenue below, but keep in mind there's always more to the story.
NYSE:DD Earnings and Revenue Growth January 2nd 2022
Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. We note that hedge funds don't have a meaningful investment in DuPont de Nemours. The Vanguard Group, Inc. is currently the largest shareholder, with 8.2% of shares outstanding. In comparison, the second and third largest shareholders hold about 7.0% and 5.3% of the stock.
A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
Insider Ownership Of DuPont de Nemours
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
Our data suggests that insiders own under 1% of DuPont de Nemours, Inc. in their own names. As it is a large company, we'd only expect insiders to own a small percentage of it. But it's worth noting that they own US$68m worth of shares. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.
General Public Ownership
With a 26% ownership, the general public, mostly comprising of individual investors, have some degree of sway over DuPont de Nemours. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
Next Steps:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. For example, we've discovered 2 warning signs for DuPont de Nemours (1 is a bit concerning!) that you should be aware of before investing here.
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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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Every investor in DuPont de Nemours, Inc. (NYSE:DD) should be aware of the most powerful shareholder groups. NYSE:DD Earnings and Revenue Growth January 2nd 2022 Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. NYSE:DD Ownership Breakdown January 2nd 2022 What Does The Institutional Ownership Tell Us About DuPont de Nemours?
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Every investor in DuPont de Nemours, Inc. (NYSE:DD) should be aware of the most powerful shareholder groups. NYSE:DD Earnings and Revenue Growth January 2nd 2022 Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. NYSE:DD Ownership Breakdown January 2nd 2022 What Does The Institutional Ownership Tell Us About DuPont de Nemours?
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NYSE:DD Ownership Breakdown January 2nd 2022 What Does The Institutional Ownership Tell Us About DuPont de Nemours? Every investor in DuPont de Nemours, Inc. (NYSE:DD) should be aware of the most powerful shareholder groups. NYSE:DD Earnings and Revenue Growth January 2nd 2022 Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions.
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Every investor in DuPont de Nemours, Inc. (NYSE:DD) should be aware of the most powerful shareholder groups. NYSE:DD Ownership Breakdown January 2nd 2022 What Does The Institutional Ownership Tell Us About DuPont de Nemours? NYSE:DD Earnings and Revenue Growth January 2nd 2022 Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions.
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498af9f0-b1db-47e7-9d25-e11fbe46e9a4
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716085.0
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2021-12-23 00:00:00 UTC
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Interesting DD Put And Call Options For February 2022
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DD
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https://www.nasdaq.com/articles/interesting-dd-put-and-call-options-for-february-2022
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nan
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nan
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Investors in DuPont (Symbol: DD) saw new options begin trading today, for the February 2022 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new February 2022 contracts and identified one put and one call contract of particular interest.
The put contract at the $77.00 strike price has a current bid of 60 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $77.00, but will also collect the premium, putting the cost basis of the shares at $76.40 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $78.06/share today.
Because the $77.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 0.78% return on the cash commitment, or 6.61% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $77.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $88.00 strike price has a current bid of 15 cents. If an investor was to purchase shares of DD stock at the current price level of $78.06/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $88.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 12.93% if the stock gets called away at the February 2022 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $88.00 strike highlighted in red:
Considering the fact that the $88.00 strike represents an approximate 13% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 88%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.19% boost of extra return to the investor, or 1.63% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 44%, while the implied volatility in the call contract example is 31%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $78.06) to be 29%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $88.00 strike highlighted in red: Considering the fact that the $88.00 strike represents an approximate 13% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the February 2022 expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. Below is a chart showing DD's trailing twelve month trading history, with the $88.00 strike highlighted in red: Considering the fact that the $88.00 strike represents an approximate 13% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 88%.
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Below is a chart showing DD's trailing twelve month trading history, with the $88.00 strike highlighted in red: Considering the fact that the $88.00 strike represents an approximate 13% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Investors in DuPont (Symbol: DD) saw new options begin trading today, for the February 2022 expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new February 2022 contracts and identified one put and one call contract of particular interest. Below is a chart showing DD's trailing twelve month trading history, with the $88.00 strike highlighted in red: Considering the fact that the $88.00 strike represents an approximate 13% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the February 2022 expiration.
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4da35672-0883-485b-b0a0-f07b91859347
|
716086.0
|
2021-12-17 00:00:00 UTC
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DD Crosses Below Key Moving Average Level
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DD
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https://www.nasdaq.com/articles/dd-crosses-below-key-moving-average-level
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nan
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nan
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In trading on Friday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $76.47, changing hands as low as $76.32 per share. DuPont shares are currently trading down about 2.2% on the day. The chart below shows the one year performance of DD shares, versus its 200 day moving average:
Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $87.27 as the 52 week high point — that compares with a last trade of $76.94. The DD DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »
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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In trading on Friday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $76.47, changing hands as low as $76.32 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $87.27 as the 52 week high point — that compares with a last trade of $76.94. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » 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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In trading on Friday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $76.47, changing hands as low as $76.32 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $87.27 as the 52 week high point — that compares with a last trade of $76.94. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » 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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In trading on Friday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $76.47, changing hands as low as $76.32 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $87.27 as the 52 week high point — that compares with a last trade of $76.94. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » 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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In trading on Friday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $76.47, changing hands as low as $76.32 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $66.37 per share, with $87.27 as the 52 week high point — that compares with a last trade of $76.94. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » 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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e9f45458-a605-4d9f-9c6a-b173947e4562
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716087.0
|
2021-12-09 00:00:00 UTC
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Advent, Carlyle considering bid for DuPont's $12 bln unit - Bloomberg News
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DD
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https://www.nasdaq.com/articles/advent-carlyle-considering-bid-for-duponts-%2412-bln-unit-bloomberg-news
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nan
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nan
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Adds background, shares, details from report
Dec 9 (Reuters) - Carlyle Group Inc CG.O and Advent International Corp are among several buyout firms considering a bid for DuPont Inc's DD.N mobility and materials unit, Bloomberg News reported on Thursday, citing people familiar with the matter.
Apollo Global Management Inc APO.O and CVC Capital Partners are also studying the business, which could be valued at as much as $12 billion, according to the report.
Shares in DuPont rose around 1% in afternoon trading.
DuPont, once part of the erstwhile chemical giant DowDuPont has been tweaking its portfolio. It has separated its Nutrition & Biosciences business, agreed to divest two other businesses, and struck a deal to buy Laird Performance Materials for $2.3 billion in July.
The company, which makes everything from brake fluid to fabric for protective garments, is working with Goldman Sachs Group Inc GS.N to gauge interest in the unit, the report added.
DuPont declined to comment on the report.
(Reporting by Rithika Krishna in Bengaluru; Editing by Ramakrishnan M.)
((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;))
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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Adds background, shares, details from report Dec 9 (Reuters) - Carlyle Group Inc CG.O and Advent International Corp are among several buyout firms considering a bid for DuPont Inc's DD.N mobility and materials unit, Bloomberg News reported on Thursday, citing people familiar with the matter. The company, which makes everything from brake fluid to fabric for protective garments, is working with Goldman Sachs Group Inc GS.N to gauge interest in the unit, the report added. Apollo Global Management Inc APO.O and CVC Capital Partners are also studying the business, which could be valued at as much as $12 billion, according to the report.
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Adds background, shares, details from report Dec 9 (Reuters) - Carlyle Group Inc CG.O and Advent International Corp are among several buyout firms considering a bid for DuPont Inc's DD.N mobility and materials unit, Bloomberg News reported on Thursday, citing people familiar with the matter. The company, which makes everything from brake fluid to fabric for protective garments, is working with Goldman Sachs Group Inc GS.N to gauge interest in the unit, the report added. Shares in DuPont rose around 1% in afternoon trading.
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Adds background, shares, details from report Dec 9 (Reuters) - Carlyle Group Inc CG.O and Advent International Corp are among several buyout firms considering a bid for DuPont Inc's DD.N mobility and materials unit, Bloomberg News reported on Thursday, citing people familiar with the matter. The company, which makes everything from brake fluid to fabric for protective garments, is working with Goldman Sachs Group Inc GS.N to gauge interest in the unit, the report added. (Reporting by Rithika Krishna in Bengaluru; Editing by Ramakrishnan M.) ((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;)) 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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Adds background, shares, details from report Dec 9 (Reuters) - Carlyle Group Inc CG.O and Advent International Corp are among several buyout firms considering a bid for DuPont Inc's DD.N mobility and materials unit, Bloomberg News reported on Thursday, citing people familiar with the matter. The company, which makes everything from brake fluid to fabric for protective garments, is working with Goldman Sachs Group Inc GS.N to gauge interest in the unit, the report added. Apollo Global Management Inc APO.O and CVC Capital Partners are also studying the business, which could be valued at as much as $12 billion, according to the report.
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587a3bf8-c46a-4fc9-a7cc-b76e32c126f8
|
716088.0
|
2021-12-09 00:00:00 UTC
|
Advent, Carlyle to consider bid for DuPont's $12 bln unit - Bloomberg News
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DD
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https://www.nasdaq.com/articles/advent-carlyle-to-consider-bid-for-duponts-%2412-bln-unit-bloomberg-news
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nan
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nan
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Dec 9 (Reuters) - Carlyle Group Inc CG.O and Advent International Corp are among several buyout firms considering a bid for DuPont Inc's DD.N mobility and materials unit, which could be valued at about $12 billion, Bloomberg News reported on Thursday, citing people familiar with the matter.
(Reporting by Rithika Krishna in Bengaluru; Editing by Ramakrishnan M.)
((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dec 9 (Reuters) - Carlyle Group Inc CG.O and Advent International Corp are among several buyout firms considering a bid for DuPont Inc's DD.N mobility and materials unit, which could be valued at about $12 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. (Reporting by Rithika Krishna in Bengaluru; Editing by Ramakrishnan M.) ((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;)) 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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Dec 9 (Reuters) - Carlyle Group Inc CG.O and Advent International Corp are among several buyout firms considering a bid for DuPont Inc's DD.N mobility and materials unit, which could be valued at about $12 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. (Reporting by Rithika Krishna in Bengaluru; Editing by Ramakrishnan M.) ((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;)) 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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Dec 9 (Reuters) - Carlyle Group Inc CG.O and Advent International Corp are among several buyout firms considering a bid for DuPont Inc's DD.N mobility and materials unit, which could be valued at about $12 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. (Reporting by Rithika Krishna in Bengaluru; Editing by Ramakrishnan M.) ((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;)) 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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Dec 9 (Reuters) - Carlyle Group Inc CG.O and Advent International Corp are among several buyout firms considering a bid for DuPont Inc's DD.N mobility and materials unit, which could be valued at about $12 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. (Reporting by Rithika Krishna in Bengaluru; Editing by Ramakrishnan M.) ((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;)) 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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e4383bd8-6758-4f29-8dcc-edd985040269
|
716089.0
|
2021-12-08 00:00:00 UTC
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DuPont’s Strategy Should Yield Profits
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DD
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https://www.nasdaq.com/articles/duponts-strategy-should-yield-profits
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nan
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nan
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Basic industries like DuPont de Nemours (DD) sustain America’s prosperity. I and most analysts are bullish on DD.
DuPont engineers and sells products used in mobile devices, television monitors, personal computers, electronics, and healthcare, and other imaging devices. For the transportation, safety, and construction sectors, DuPont engineers and sells high-performance resins, paints, and coatings, adhesives, silicones, lubricants, and parts.
Among its well-known brands are DuPont Kevlar, Nomex, Corian, Tyvek, Molykote, GREAT STUFF, Styrofoam, Sorona, DOW CORNING TORAY, and CORRGUARD. The extensive brand portfolio sells over $21 billion in products.
Eleven Wall Street analysts have given DD a Buy rating. The trend among analysts over the past 90 days is to upgrade the stock. It is up 10.3% year-to-date. The current price of $77 stands between its 52-week high ($87.27) and low ($65.07).
The average DuPont target price is $94.33. That is an implied upside of 21.3%. (See Analysts’ Top Stocks on TipRanks)
Good Numbers & Strong Sentiment
In its Q3 report, DuPont’s long-term liabilities totaled less than $15 billion. Short-term liabilities were about $4 billion. The company held nearly $4 billion in cash and $3 billion in receivables. DuPont will have no trouble borrowing money with its $40.2-billion market cap if the need arises. DuPont’s free cash flow (56% of EBIT) puts the company in a healthier position to pay off debt.
Hedge funds increased their holdings by 613,600 shares last quarter. Over 70% of DD shares are owned by 810 institutions with investments near to $5 billion.
Worldwide, conditions are improving. COVID-19 treatments and preventive health methods are improving. Economies are expanding. Unemployment is down and wages are rising. Government stimulus plans will soon take effect. All are good signs for the businesses DuPont targets.
Caveats
DD shares are selling slightly undervalued. Though the company is profitable, expanding, and has momentum, its profitability and dividend yield leave a lot to be desired.
Its 1.3 Beta characterizes the stock’s sensitivity to news about the pandemic, for instance, more than to intrinsic developments. Overall, the company’s strategy is more positive than past performance.
Investors like the company’s plans to focus on sales growth to EVs, 5G infrastructure, energy, and other fast-growing, higher profit markets. Around 15% of DuPont’s current revenue generates from sales to the automobile market.
Sales in 2021 rebounded from 2020, but sales totals will not be near predictions of around 15% year-over-year if auto production remains stymied by chip shortages.
The demand for chemicals and solutions DuPont sells is getting stronger. I expect DuPont’s customers will suffer slowdowns from the semiconductor shortage deep into 2022. This might suppress DD’s revenue and EPS in Q4 and Q1.
In early November, DuPont announced it was buying Rogers Corp (ROG) for over $5 billion in cash. DuPont is selling much of its engineering polymers and performance resins businesses. This purchase extends DuPont’s penchant for growth and higher margins through M&A.
Mid-2021, the company bought Laird Performance Materials for $2.3 billion and divested its nutrition and biosciences businesses.
In its last financial report, DuPont’s $1.15 EPS beat expectations by $0.03, the same number its GAAP EPS missed. Revenue of $4.27 billion was 17.6% higher year-over-year.
The Takeaway
In sum, TipRanks’ Smart Score for DD is a "Perfect 10," which suggests the stock should outperform the market.
Its technicals are positive. ROE asset growth is 5.6% but down 36.2% for the trailing 12 months. Volatility in the share price and slow organic growth are caveats investors ought to consider.
Overall, management has a business plan and is sticking to it.
Disclosure: At the time of publication, Harold Goldmeier did not have a position in any of the securities mentioned in this article
Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates Read full disclaimer >
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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Basic industries like DuPont de Nemours (DD) sustain America’s prosperity. I and most analysts are bullish on DD. Eleven Wall Street analysts have given DD a Buy rating.
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Caveats DD shares are selling slightly undervalued. Basic industries like DuPont de Nemours (DD) sustain America’s prosperity. I and most analysts are bullish on DD.
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Basic industries like DuPont de Nemours (DD) sustain America’s prosperity. I and most analysts are bullish on DD. Eleven Wall Street analysts have given DD a Buy rating.
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Basic industries like DuPont de Nemours (DD) sustain America’s prosperity. I and most analysts are bullish on DD. Eleven Wall Street analysts have given DD a Buy rating.
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7abeb6f3-6a7c-4da2-a572-fcf5b0f49272
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716090.0
|
2021-11-26 00:00:00 UTC
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DuPont de Nemours, Inc. (DD) Ex-Dividend Date Scheduled for November 29, 2021
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-inc.-dd-ex-dividend-date-scheduled-for-november-29-2021
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nan
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nan
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DuPont de Nemours, Inc. (DD) will begin trading ex-dividend on November 29, 2021. A cash dividend payment of $0.3 per share is scheduled to be paid on December 15, 2021. Shareholders who purchased DD prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 10th quarter that DD has paid the same dividend. At the current stock price of $78.7, the dividend yield is 1.52%.
The previous trading day's last sale of DD was $78.7, representing a -9.82% decrease from the 52 week high of $87.27 and a 24.88% increase over the 52 week low of $63.02.
DD is a part of the Capital Goods sector, which includes companies such as Carrier Global Corporation (CARR) and Watsco, Inc. (WSO). DD's current earnings per share, an indicator of a company's profitability, is $10.85. Zacks Investment Research reports DD's forecasted earnings growth in 2021 as 25.45%, compared to an industry average of 21.2%.
For more information on the declaration, record and payment dates, visit the dd Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DD through an Exchange Traded Fund [ETF]?
The following ETF(s) have DD as a top-10 holding:
Absolute Core Strategy ETF (ABEQ)
Materials Select Sector SPDR (XLB)
Invesco S&P 500 Equal Weight Materials ETF (RTM)
First Trust Large Cap Value AlphaDEX Fund (FTA)
Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE).
The top-performing ETF of this group is RTM with an increase of 8.19% over the last 100 days. ABEQ has the highest percent weighting of DD at 4.69%.
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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DD is a part of the Capital Goods sector, which includes companies such as Carrier Global Corporation (CARR) and Watsco, Inc. (WSO). Zacks Investment Research reports DD's forecasted earnings growth in 2021 as 25.45%, compared to an industry average of 21.2%. For more information on the declaration, record and payment dates, visit the dd Dividend History page.
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Shareholders who purchased DD prior to the ex-dividend date are eligible for the cash dividend payment. DD's current earnings per share, an indicator of a company's profitability, is $10.85. The following ETF(s) have DD as a top-10 holding: Absolute Core Strategy ETF (ABEQ) Materials Select Sector SPDR (XLB) Invesco S&P 500 Equal Weight Materials ETF (RTM) First Trust Large Cap Value AlphaDEX Fund (FTA) Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE).
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Shareholders who purchased DD prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the dd Dividend History page. The following ETF(s) have DD as a top-10 holding: Absolute Core Strategy ETF (ABEQ) Materials Select Sector SPDR (XLB) Invesco S&P 500 Equal Weight Materials ETF (RTM) First Trust Large Cap Value AlphaDEX Fund (FTA) Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE).
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Shareholders who purchased DD prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have DD as a top-10 holding: Absolute Core Strategy ETF (ABEQ) Materials Select Sector SPDR (XLB) Invesco S&P 500 Equal Weight Materials ETF (RTM) First Trust Large Cap Value AlphaDEX Fund (FTA) Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE). DuPont de Nemours, Inc. (DD) will begin trading ex-dividend on November 29, 2021.
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99257cdb-a1c3-48ed-ba2f-0aa9a12ba1a1
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716091.0
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2021-11-24 00:00:00 UTC
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January 2022 Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/january-2022-options-now-available-for-dupont-dd
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nan
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nan
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Investors in DuPont (Symbol: DD) saw new options become available today, for the January 2022 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new January 2022 contracts and identified one put and one call contract of particular interest.
The put contract at the $75.00 strike price has a current bid of 60 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $75.00, but will also collect the premium, putting the cost basis of the shares at $74.40 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $79.22/share today.
Because the $75.00 strike represents an approximate 5% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 72%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 0.80% return on the cash commitment, or 6.64% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $75.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $82.00 strike price has a current bid of 71 cents. If an investor was to purchase shares of DD stock at the current price level of $79.22/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $82.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.41% if the stock gets called away at the January 2022 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $82.00 strike highlighted in red:
Considering the fact that the $82.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.90% boost of extra return to the investor, or 7.43% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 44%, while the implied volatility in the call contract example is 37%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $79.22) to be 29%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $82.00 strike highlighted in red: Considering the fact that the $82.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options become available today, for the January 2022 expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 72%. Below is a chart showing DD's trailing twelve month trading history, with the $82.00 strike highlighted in red: Considering the fact that the $82.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%.
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Below is a chart showing DD's trailing twelve month trading history, with the $82.00 strike highlighted in red: Considering the fact that the $82.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Investors in DuPont (Symbol: DD) saw new options become available today, for the January 2022 expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new January 2022 contracts and identified one put and one call contract of particular interest. Below is a chart showing DD's trailing twelve month trading history, with the $82.00 strike highlighted in red: Considering the fact that the $82.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options become available today, for the January 2022 expiration.
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74e4f5f3-7b75-4029-9736-313e02abf509
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716092.0
|
2021-11-22 00:00:00 UTC
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Analysts Expect 10% Gains Ahead For The Holdings of PWV
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DD
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https://www.nasdaq.com/articles/analysts-expect-10-gains-ahead-for-the-holdings-of-pwv
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nan
|
nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco Dynamic Large Cap Value ETF (Symbol: PWV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $51.70 per unit.
With PWV trading at a recent price near $46.94 per unit, that means that analysts see 10.13% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of PWV's underlying holdings with notable upside to their analyst target prices are Allstate Corp (Symbol: ALL), Walmart Inc (Symbol: WMT), and DuPont de Nemours Inc (Symbol: DD). Although ALL has traded at a recent price of $111.94/share, the average analyst target is 22.83% higher at $137.50/share. Similarly, WMT has 20.51% upside from the recent share price of $142.39 if the average analyst target price of $171.60/share is reached, and analysts on average are expecting DD to reach a target price of $91.00/share, which is 13.72% above the recent price of $80.02. Below is a twelve month price history chart comparing the stock performance of ALL, WMT, and DD:
Combined, ALL, WMT, and DD represent 5.64% of the Invesco Dynamic Large Cap Value ETF. Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Invesco Dynamic Large Cap Value ETF PWV $46.94 $51.70 10.13%
Allstate Corp ALL $111.94 $137.50 22.83%
Walmart Inc WMT $142.39 $171.60 20.51%
DuPont de Nemours Inc DD $80.02 $91.00 13.72%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
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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Below is a twelve month price history chart comparing the stock performance of ALL, WMT, and DD: Combined, ALL, WMT, and DD represent 5.64% of the Invesco Dynamic Large Cap Value ETF. Invesco Dynamic Large Cap Value ETF PWV $46.94 $51.70 10.13% Allstate Corp ALL $111.94 $137.50 22.83% Walmart Inc WMT $142.39 $171.60 20.51% DuPont de Nemours Inc DD $80.02 $91.00 13.72% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of PWV's underlying holdings with notable upside to their analyst target prices are Allstate Corp (Symbol: ALL), Walmart Inc (Symbol: WMT), and DuPont de Nemours Inc (Symbol: DD).
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Three of PWV's underlying holdings with notable upside to their analyst target prices are Allstate Corp (Symbol: ALL), Walmart Inc (Symbol: WMT), and DuPont de Nemours Inc (Symbol: DD). Similarly, WMT has 20.51% upside from the recent share price of $142.39 if the average analyst target price of $171.60/share is reached, and analysts on average are expecting DD to reach a target price of $91.00/share, which is 13.72% above the recent price of $80.02. Invesco Dynamic Large Cap Value ETF PWV $46.94 $51.70 10.13% Allstate Corp ALL $111.94 $137.50 22.83% Walmart Inc WMT $142.39 $171.60 20.51% DuPont de Nemours Inc DD $80.02 $91.00 13.72% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, WMT has 20.51% upside from the recent share price of $142.39 if the average analyst target price of $171.60/share is reached, and analysts on average are expecting DD to reach a target price of $91.00/share, which is 13.72% above the recent price of $80.02. Three of PWV's underlying holdings with notable upside to their analyst target prices are Allstate Corp (Symbol: ALL), Walmart Inc (Symbol: WMT), and DuPont de Nemours Inc (Symbol: DD). Below is a twelve month price history chart comparing the stock performance of ALL, WMT, and DD: Combined, ALL, WMT, and DD represent 5.64% of the Invesco Dynamic Large Cap Value ETF.
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Similarly, WMT has 20.51% upside from the recent share price of $142.39 if the average analyst target price of $171.60/share is reached, and analysts on average are expecting DD to reach a target price of $91.00/share, which is 13.72% above the recent price of $80.02. Three of PWV's underlying holdings with notable upside to their analyst target prices are Allstate Corp (Symbol: ALL), Walmart Inc (Symbol: WMT), and DuPont de Nemours Inc (Symbol: DD). Below is a twelve month price history chart comparing the stock performance of ALL, WMT, and DD: Combined, ALL, WMT, and DD represent 5.64% of the Invesco Dynamic Large Cap Value ETF.
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bd01133f-db49-46f2-b58d-40b530db05fa
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716093.0
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2021-11-16 00:00:00 UTC
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ANALYSIS-Banks that helped GE, others bulk up now profit from break-ups
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DD
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https://www.nasdaq.com/articles/analysis-banks-that-helped-ge-others-bulk-up-now-profit-from-break-ups
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nan
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nan
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By Anirban Sen and David French
Nov 16 (Reuters) - Some of the Wall Street banks that helped General Electric Co GE.N, Toshiba Corp 6502.T and Johnson & Johnson JNJ.N become massive conglomerates through acquisitions over the years are now profiting from their break-ups, a Reuters analysis showed.
The three companies, which in recent days announced plans to spin off divisions, doled out hundreds of millions of dollars in fees to banks, including Goldman Sachs Group Inc GS.N, JPMorgan Chase & Co JPM.N and UBS Group AG UBSG.S, to advise them on acquisitions over the years. Now, the same banks are getting paid to undo the outcomes of those deals.
Spokespeople for Goldman Sachs, JPMorgan and UBS did not respond to requests for comment.
While it's not uncommon for an investment bank to advise a company on a spin-off after previously working on the company's acquisitions, the spate of high-profile spin-offs by companies in recent days shines new light on the practice.
Banks have so far earned over $1 billion on spin-offs globally so far this year, nearly twice what they earned in 2020, according to Refinitiv.
Investors in those companies are not assured similar riches. Shares of companies that engage in acquisitions or divestments have had a mixed track record, often underperforming peers in the last two years, according to Refinitiv.
Erik Gordon, a professor of law and business at the University of Michigan, said banks do not generally break any rules when working on these deals because they are carrying out their clients' wishes. But he noted that this did not absolve banks of the responsibility to advise against a deal they view as not in a company's long-term interest.
"If the bankers deserve criticism, it is for not pushing back against a CEO who pushes a bad deal," Gordon said.
In the case of GE, Goldman Sachs was one of the banks, alongside Evercore Inc EVR.N, PJT Partners Inc PJT.N and Bank of America Corp BAC.N, that stand to collect tens of millions of dollars from advising on the company's break-up, according to estimates from M&A lawyers and bankers.
Goldman Sachs had previously collected nearly $400 million in fees advising the company on acquisitions, divestitures and spin-offs since 2000, making it GE's top adviser based on M&A fees collected, according to Refinitiv.
JPMorgan, which advised J&J on its planned break-up, had previously made $206 million in fees since 2000 advising it on deals, according to Refinitiv. UBS, which worked on Toshiba's break-up, had collected $12 million in fees, the Refinitiv data showed.
Industrywide, Goldman Sachs has earned the most in fees from advising on corporate break-ups thus far in 2021, followed by JPMorgan and Lazard Ltd LAZ.N, according to Dealogic.
Corporate break-ups are on the rise amid a growing consensus on Wall Street that companies perform best only if they are focused on adjacent business areas, as well as increasing pressure from activist hedge funds pushing them in that direction.
Some 42 spin-offs collectively worth over $200 billion have been announced globally so far this year, up from 38 spin-offs worth roughly $90 billion in 2020, according to Dealogic. Investment banks have collected more than $4.5 billion since 2011 advising on spin-off deals globally, the Dealogic data shows.
For an interactive graphic, click on this link: https://tmsnrt.rs/3cgKJ9M
INDEPENDENT ADVICE
Investment bankers often argue that companies did not necessarily get it wrong when they embarked on deals they later reversed, because some combinations do not make sense forever.
Changes in a company's technological and competitive landscape or in the attitude of its shareholders can push it to change course.
For example, GE shareholders were initially supportive of its empire-building acquisitions in businesses as diverse as healthcare, credit cards and entertainment in the 1990s, viewing them as diversifying its earnings stream. When some of these businesses started to underperform and GE's valuation suffered, investors lost faith in the company's ability to run disparate businesses.
Bankers also argue that most companies want to pay bankers for delivering deals rather than advice on whether they need to do a deal in the first place. This creates incentives for bankers to try to clinch a transaction rather than encourage a better outcome for their client that may not involve a deal.
But it also offers ammunition to Wall Street critics who argue that companies cannot rely on banks for independent advice on whether they should pursue a deal.
"Companies should develop valuations in house and with help from unbiased third-party advisers, whether or not they also hire an investment bank," said Nuno Fernandes, professor of finance at IESE Business School.
Top 5 corporate spinoffs over the past decadehttps://tmsnrt.rs/3ndFzkZ
Top 5 corporate spinoffs over the past decadehttps://tmsnrt.rs/3cgKJ9M
(Reporting by Anirban Sen in Bengaluru and David French in New York; Editing by Greg Roumeliotis and Stephen Coates)
((Anirban.Sen@thomsonreuters.com; (within U.S.+1 646 223 8780; outside U.S. +91 80 6182 3583) Twitter: @asenjourno;))
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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Corporate break-ups are on the rise amid a growing consensus on Wall Street that companies perform best only if they are focused on adjacent business areas, as well as increasing pressure from activist hedge funds pushing them in that direction. For example, GE shareholders were initially supportive of its empire-building acquisitions in businesses as diverse as healthcare, credit cards and entertainment in the 1990s, viewing them as diversifying its earnings stream. "Companies should develop valuations in house and with help from unbiased third-party advisers, whether or not they also hire an investment bank," said Nuno Fernandes, professor of finance at IESE Business School.
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By Anirban Sen and David French Nov 16 (Reuters) - Some of the Wall Street banks that helped General Electric Co GE.N, Toshiba Corp 6502.T and Johnson & Johnson JNJ.N become massive conglomerates through acquisitions over the years are now profiting from their break-ups, a Reuters analysis showed. Goldman Sachs had previously collected nearly $400 million in fees advising the company on acquisitions, divestitures and spin-offs since 2000, making it GE's top adviser based on M&A fees collected, according to Refinitiv. Top 5 corporate spinoffs over the past decadehttps://tmsnrt.rs/3ndFzkZ Top 5 corporate spinoffs over the past decadehttps://tmsnrt.rs/3cgKJ9M (Reporting by Anirban Sen in Bengaluru and David French in New York; Editing by Greg Roumeliotis and Stephen Coates) ((Anirban.Sen@thomsonreuters.com; (within U.S.+1 646 223 8780; outside U.S. +91 80 6182 3583) Twitter: @asenjourno;)) 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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While it's not uncommon for an investment bank to advise a company on a spin-off after previously working on the company's acquisitions, the spate of high-profile spin-offs by companies in recent days shines new light on the practice. In the case of GE, Goldman Sachs was one of the banks, alongside Evercore Inc EVR.N, PJT Partners Inc PJT.N and Bank of America Corp BAC.N, that stand to collect tens of millions of dollars from advising on the company's break-up, according to estimates from M&A lawyers and bankers. Goldman Sachs had previously collected nearly $400 million in fees advising the company on acquisitions, divestitures and spin-offs since 2000, making it GE's top adviser based on M&A fees collected, according to Refinitiv.
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Banks have so far earned over $1 billion on spin-offs globally so far this year, nearly twice what they earned in 2020, according to Refinitiv. UBS, which worked on Toshiba's break-up, had collected $12 million in fees, the Refinitiv data showed. Bankers also argue that most companies want to pay bankers for delivering deals rather than advice on whether they need to do a deal in the first place.
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ff7fec9d-d5f1-4edf-acee-3081f480619a
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716094.0
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2021-11-16 00:00:00 UTC
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ANALYSIS-Banks profit from building up and breaking up companies
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DD
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https://www.nasdaq.com/articles/analysis-banks-profit-from-building-up-and-breaking-up-companies
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nan
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nan
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By Anirban Sen and David French
Nov 16 (Reuters) - It is a constant dilemma facing companies; do they acquire or shed businesses to boost shareholder returns? Investment bankers profit every time the answer involves a deal, even if it represents an about-face for the companies.
Last week's announcements by General Electric Co GE.N, Toshiba Corp 6502.T and Johnson & Johnson JNJ.N of their plans to break up offer the latest examples of how some companies have spent hundreds of millions of dollars on investment banking fees to bulk up through acquisitions over the years, only to pay more fees to reverse them.
Some of the banks that worked on preparing these spin-offs - Goldman Sachs Group Inc GS.N, JPMorgan Chase & Co JPM.N and UBS Group AG UBSG.S - advised on previous acquisitions that took the companies in an opposite strategic direction.
Goldman Sachs, JPMorgan and UBS did not respond to requests for comment.
Corporate break-ups are on the rise amid a growing consensus on Wall Street that companies perform best only if they are focused on adjacent business areas, as well as increasing pressure from activist hedge funds pushing them in that direction.
Some 42 spin-offs collectively worth over $200 billion have been announced globally so far this year, up from 38 spin-offs worth roughly $90 billion in 2020, according to Dealogic.
Investment banks have collected more than $4.5 billion since 2011 advising on spin-off deals globally, according to Dealogic. While this represents less than 2% of what they pocketed from deal fees overall, it is a growing franchise; banks have so far earned over $1 billion on spin-offs globally so far this year, nearly twice what they earned in 2020, according to Refinitiv.
For an interactive graphic, click on this link: https://tmsnrt.rs/3cgKJ9M
In the case of GE, financial advisors including Evercore Inc EVR.N, PJT Partners Inc PJT.N, Bank of America Corp BAC.N and Goldman Sachs each stand to collect tens of millions of dollars from their advisory roles on the company's break-up, according to estimates from M&A lawyers and bankers.
Goldman Sachs had previously collected nearly $400 million in fees advising the company on acquisitions, divestitures and spin-offs over the years, making it GE's top advisor based on fees collected, according to Refinitiv.
Industrywide, Goldman Sachs has earned the most in fees from advising on corporate break-ups thus far in 2021, followed by JPMorgan and Lazard Ltd LAZ.N, according to Dealogic.
Yet while investment banking fees are secure, the outcome of dealmaking for a company's shareholders is far from certain. Shares of companies that engaged in acquisitions or divestments have had a mixed track record, often underperforming peers in the last two years, according to Refinitiv.
INDEPENDENT ADVICE
To be sure, investment bankers argue that some combinations do not make sense for ever. Changes in a company's technological and competitive landscape or in the attitude of its shareholders can push it to change course.
For example, GE shareholders were initially supportive of its empire-building acquisitions in businesses as diverse as healthcare, credit cards and entertainment, viewing them as diversifying its earnings stream. When some of these businesses started to underperform and GE's valuation suffered, investors lost faith in the company's ability to run disparate businesses.
Bankers often also argue that most companies want to pay bankers for delivering deals rather than advice on whether they need to do a deal in the first place. This creates incentives for bankers to try to clinch a transaction rather then the best outcome for their client that may not involve a deal.
It also offers ammunition to Wall Street critics who argue that companies cannot rely on banks for independent advice on whether they should pursue a deal.
"Companies should develop valuations in-house and with help from unbiased third-party advisers, whether or not they also hire an investment bank," said Nuno Fernandes, professor of finance at IESE Business School.
Top 5 corporate spinoffs over the past decadehttps://tmsnrt.rs/3ndFzkZ
Top 5 corporate spinoffs over the past decadehttps://tmsnrt.rs/3cgKJ9M
(Reporting by Anirban Sen in Bengaluru and David French in New York; Editing by Greg Roumeliotis and Stephen Coates)
((Anirban.Sen@thomsonreuters.com; (within U.S.+1 646 223 8780; outside U.S. +91 80 6182 3583) Twitter: @asenjourno;))
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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Corporate break-ups are on the rise amid a growing consensus on Wall Street that companies perform best only if they are focused on adjacent business areas, as well as increasing pressure from activist hedge funds pushing them in that direction. For an interactive graphic, click on this link: https://tmsnrt.rs/3cgKJ9M In the case of GE, financial advisors including Evercore Inc EVR.N, PJT Partners Inc PJT.N, Bank of America Corp BAC.N and Goldman Sachs each stand to collect tens of millions of dollars from their advisory roles on the company's break-up, according to estimates from M&A lawyers and bankers. For example, GE shareholders were initially supportive of its empire-building acquisitions in businesses as diverse as healthcare, credit cards and entertainment, viewing them as diversifying its earnings stream.
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Some of the banks that worked on preparing these spin-offs - Goldman Sachs Group Inc GS.N, JPMorgan Chase & Co JPM.N and UBS Group AG UBSG.S - advised on previous acquisitions that took the companies in an opposite strategic direction. Goldman Sachs had previously collected nearly $400 million in fees advising the company on acquisitions, divestitures and spin-offs over the years, making it GE's top advisor based on fees collected, according to Refinitiv. Top 5 corporate spinoffs over the past decadehttps://tmsnrt.rs/3ndFzkZ Top 5 corporate spinoffs over the past decadehttps://tmsnrt.rs/3cgKJ9M (Reporting by Anirban Sen in Bengaluru and David French in New York; Editing by Greg Roumeliotis and Stephen Coates) ((Anirban.Sen@thomsonreuters.com; (within U.S.+1 646 223 8780; outside U.S. +91 80 6182 3583) Twitter: @asenjourno;)) 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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Last week's announcements by General Electric Co GE.N, Toshiba Corp 6502.T and Johnson & Johnson JNJ.N of their plans to break up offer the latest examples of how some companies have spent hundreds of millions of dollars on investment banking fees to bulk up through acquisitions over the years, only to pay more fees to reverse them. For an interactive graphic, click on this link: https://tmsnrt.rs/3cgKJ9M In the case of GE, financial advisors including Evercore Inc EVR.N, PJT Partners Inc PJT.N, Bank of America Corp BAC.N and Goldman Sachs each stand to collect tens of millions of dollars from their advisory roles on the company's break-up, according to estimates from M&A lawyers and bankers. Goldman Sachs had previously collected nearly $400 million in fees advising the company on acquisitions, divestitures and spin-offs over the years, making it GE's top advisor based on fees collected, according to Refinitiv.
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Investment banks have collected more than $4.5 billion since 2011 advising on spin-off deals globally, according to Dealogic. While this represents less than 2% of what they pocketed from deal fees overall, it is a growing franchise; banks have so far earned over $1 billion on spin-offs globally so far this year, nearly twice what they earned in 2020, according to Refinitiv. Goldman Sachs had previously collected nearly $400 million in fees advising the company on acquisitions, divestitures and spin-offs over the years, making it GE's top advisor based on fees collected, according to Refinitiv.
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5a3e2184-837d-4677-81be-9c9e67f9501c
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716095.0
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2021-11-12 00:00:00 UTC
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In 3 Charts: Why Dow Inc Is a Buy Now Before The Market Catches On
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DD
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https://www.nasdaq.com/articles/in-3-charts%3A-why-dow-inc-is-a-buy-now-before-the-market-catches-on-2021-11-12
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nan
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nan
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Dow Inc. (NYSE: DOW) is down more than 8% over the past three months. That isn't likely to last because the company's improving financials and steady dividend, coupled with its declining share price, make it appear to be a good value play.
One of the reasons I like Dow is that it's a huge company with $39 billion last year in sales, 35,700 employees, facilities in 160 countries and three segments: packaging and specialty plastics, industrial intermediates and infrastructure, and performance materials and coatings. That geographic spread and the scope of its products gives it a built-in diversification that helps it survive economic slowdowns.
There are plenty of other reasons I think the stock is likely to go up, best explained with three charts.
IMAGE SOURCE: GETTY IMAGES
Its fiscal responsibility is paying off
The company has done a solid job of paying down debt, which had been weighing down the stock's price. It cut its debt by $1.1 billion last quarter, and over the past year, it has trimmed long-term debt from $16.5 billion to a little more than $14 billion, it said in its third-quarter report.
Debt reduction is part of the company's recent three-year trend of tightening its belt, as you can see from the chart below. Over the past three years, it has trimmed debt and lowered its debt-to-equity ratio and its cash dividend payout ratio.
The company's dividend of $0.70 a share offers a solid yield, as of its share price on Nov. 10, of 4.77%, a big step up from the typical diversified chemical company's dividend yield of 2.83%. Dow's dividend yield is well backed up by the company's free cash flow, one reason the company has been able to pay a dividend for 440 consecutive quarters.
DOW Financial Debt (Quarterly) data by YCharts
Dow has solid revenue and free cash flow momentum
Dow is benefiting greatly as the country opens up again as the COVID-19 pandemic ebbs. For the past five quarters, it has grown revenue, and in four of the past five quarters, it has improved net operating free cash flow. That's something that investors are likely to notice and should help drive up the stock's price.
In the most recent quarter, the company posted revenue of $14.8 billion, up 53% year over year and 7% sequentially. In the third quarter, the company posted $2.31 billion in free cash flow, up 56% compared to the same quarter in 2020 and up 38% over the prior quarter.
SOURCE: Dow quarterly reports. Chart by author.
Dow stock appears to be a better deal than its competitors
Diversified chemical companies, like many industrial companies, should do better as the globe's economy opens up. Dow had three consecutive quarters of declining revenue when the COVID-19 pandemic began, but since then, has had five consecutive quarters of rising revenue.
When you compare Dow to other large-cap diversified chemical companies PPG Industries, DuPont de Nemours, and LyondellBasell Industries, Dow stock has either the lowest or the next-to-lowest forward-price-to-earnings ratio and enterprise-value-to-EBITDA ratio, and it tops the other three stocks in expected earnings-per-share growth this fiscal year.
DOW EV to EBITDA data by YCharts
The company recently increased its fourth-quarter guidance, saying it expects fourth-quarter net sales between $14 billion and $14.5 billion.
"We continue to see robust end-market demand that is expected to extend into 2022, coupled with near-term logistics constraints and low inventory levels," CEO Jim Fitterling said during the company's investor day in October.
With Congress having passed a $1 trillion infrastructure bill last week, Dow is well positioned to benefit from that spending, as its thousands of products are crucial to any industry tied to additional infrastructure.
It makes sense to use a momentary downturn to get in on this otherwise steady stock that appears to be on the upswing.
10 stocks we like better than DOW
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and DOW wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 20, 2021
Jim Halley owns shares of DOW. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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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With Congress having passed a $1 trillion infrastructure bill last week, Dow is well positioned to benefit from that spending, as its thousands of products are crucial to any industry tied to additional infrastructure. That isn't likely to last because the company's improving financials and steady dividend, coupled with its declining share price, make it appear to be a good value play. One of the reasons I like Dow is that it's a huge company with $39 billion last year in sales, 35,700 employees, facilities in 160 countries and three segments: packaging and specialty plastics, industrial intermediates and infrastructure, and performance materials and coatings.
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With Congress having passed a $1 trillion infrastructure bill last week, Dow is well positioned to benefit from that spending, as its thousands of products are crucial to any industry tied to additional infrastructure. That isn't likely to last because the company's improving financials and steady dividend, coupled with its declining share price, make it appear to be a good value play. DOW Financial Debt (Quarterly) data by YCharts Dow has solid revenue and free cash flow momentum Dow is benefiting greatly as the country opens up again as the COVID-19 pandemic ebbs.
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With Congress having passed a $1 trillion infrastructure bill last week, Dow is well positioned to benefit from that spending, as its thousands of products are crucial to any industry tied to additional infrastructure. Dow's dividend yield is well backed up by the company's free cash flow, one reason the company has been able to pay a dividend for 440 consecutive quarters. DOW Financial Debt (Quarterly) data by YCharts Dow has solid revenue and free cash flow momentum Dow is benefiting greatly as the country opens up again as the COVID-19 pandemic ebbs.
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With Congress having passed a $1 trillion infrastructure bill last week, Dow is well positioned to benefit from that spending, as its thousands of products are crucial to any industry tied to additional infrastructure. Dow's dividend yield is well backed up by the company's free cash flow, one reason the company has been able to pay a dividend for 440 consecutive quarters. For the past five quarters, it has grown revenue, and in four of the past five quarters, it has improved net operating free cash flow.
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361c3e8e-b60d-49f4-bb94-a8f86098a946
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716096.0
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2021-11-05 00:00:00 UTC
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Why DuPont and Rogers Stocks Blasted Higher This Week
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DD
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https://www.nasdaq.com/articles/why-dupont-and-rogers-stocks-blasted-higher-this-week-2021-11-05
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nan
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nan
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What happened
Stocks in boring sectors like chemicals don't often surge double digits within days, but DuPont de Nemours (NYSE: DD) proved an exception this week, soaring -- and pulling shares of Rogers (NYSE: ROG) along with it -- thanks to a massive deal. According to data from S&P Global Market Intelligence, DuPont shares closed Friday up 15.6% for the week, while Rogers gained 34% this week.
So what
On Nov. 2, both DuPont and Rogers announced quarterly numbers alongside an agreement that took many by surprise: DuPont struck a deal to acquire Rogers for $5.2 billion, representing a 33% premium over Rogers' closing price on Nov. 1. With Rogers also reporting promising numbers the same day, investors cheered DuPont's offer and sent Rogers shares soaring.
Image source: Getty Images.
Investors in DuPont were equally excited. Although Rogers manufactures engineered materials for diverse markets including electronics, transportation, and wireless infrastructure, DuPont will essentially gain entry into electric vehicles (EVs), a market with exponential growth potential. 5G technology and clean energy are other huge markets Rogers serves. Just months ago, DuPont acquired Laird Performance Materials, another player in 5G telecommunications, smart vehicles, and artificial intelligence.
At the same time, DuPont announced plans to divest parts of its mobility and materials business, specifically engineering polymers and performance resins products lines.
These moves clearly reflect DuPont's efforts to diversify away from low-growth chemical businesses to high-value opportunities in sectors with steady long-term secular growth in a bid to boost its top-line growth and unlock greater value for shareholders.
Soon after the Rogers deal, multiple analysts rushed to upgrade their ratings and price targets on DuPont stock:
Credit Suisse raised its price target to $95 a share from $76.
Deutsche Bank upped its price target to $95.
BMO Capital bumped up its price target to $101
Mizuho increased its price target to $96.
Vertical Research raised its price target to $95.
On Nov. 1, DuPont shares were trading around $70 a share, so it wasn't surprising to see the stock surge over the next few days. The company also reported strong numbers on Nov. 2: Its third-quarter sales surged 18% to $4.3 billion, and adjusted earnings per share soared 89% year over year, driven by strong volumes across all segments as well as a dip in the number of outstanding shares thanks to aggressive share repurchases during the quarter.
Now what
There's something DuPont investors might have missed amid the excitement: The company lowered its outlook for 2021 because of the ongoing semiconductor shortage that's hit demand from the automotive sector.
DuPont now projects sales to be between $16.34 billion and $16.4 billion and adjusted EPS of $4.18 to $4.22. It earlier expected net sales worth $16.45 billion to $16.55 billion and adjusted EPS of $4.24 to $4.30.
That said, DuPont's revised guidance also translates into roughly 14% growth in sales and a more than twofold jump in adjusted EPS. With the company now also targeting markets with massive growth potential like EVs, it looks like a stock you'd want to put on your radar right away.
10 stocks we like better than DuPont de Nemours, Inc.
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See the 10 stocks
*Stock Advisor returns as of October 20, 2021
Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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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What happened Stocks in boring sectors like chemicals don't often surge double digits within days, but DuPont de Nemours (NYSE: DD) proved an exception this week, soaring -- and pulling shares of Rogers (NYSE: ROG) along with it -- thanks to a massive deal. Just months ago, DuPont acquired Laird Performance Materials, another player in 5G telecommunications, smart vehicles, and artificial intelligence. At the same time, DuPont announced plans to divest parts of its mobility and materials business, specifically engineering polymers and performance resins products lines.
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What happened Stocks in boring sectors like chemicals don't often surge double digits within days, but DuPont de Nemours (NYSE: DD) proved an exception this week, soaring -- and pulling shares of Rogers (NYSE: ROG) along with it -- thanks to a massive deal. According to data from S&P Global Market Intelligence, DuPont shares closed Friday up 15.6% for the week, while Rogers gained 34% this week. The company also reported strong numbers on Nov. 2: Its third-quarter sales surged 18% to $4.3 billion, and adjusted earnings per share soared 89% year over year, driven by strong volumes across all segments as well as a dip in the number of outstanding shares thanks to aggressive share repurchases during the quarter.
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What happened Stocks in boring sectors like chemicals don't often surge double digits within days, but DuPont de Nemours (NYSE: DD) proved an exception this week, soaring -- and pulling shares of Rogers (NYSE: ROG) along with it -- thanks to a massive deal. So what On Nov. 2, both DuPont and Rogers announced quarterly numbers alongside an agreement that took many by surprise: DuPont struck a deal to acquire Rogers for $5.2 billion, representing a 33% premium over Rogers' closing price on Nov. 1. Soon after the Rogers deal, multiple analysts rushed to upgrade their ratings and price targets on DuPont stock: Credit Suisse raised its price target to $95 a share from $76.
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What happened Stocks in boring sectors like chemicals don't often surge double digits within days, but DuPont de Nemours (NYSE: DD) proved an exception this week, soaring -- and pulling shares of Rogers (NYSE: ROG) along with it -- thanks to a massive deal. With Rogers also reporting promising numbers the same day, investors cheered DuPont's offer and sent Rogers shares soaring. Soon after the Rogers deal, multiple analysts rushed to upgrade their ratings and price targets on DuPont stock: Credit Suisse raised its price target to $95 a share from $76.
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e95f8d03-50f4-461e-87d1-69ddcdfd7121
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716097.0
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2021-11-04 00:00:00 UTC
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December 23rd Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/december-23rd-options-now-available-for-dupont-dd-2021-11-04
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Investors in DuPont (Symbol: DD) saw new options begin trading today, for the December 23rd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new December 23rd contracts and identified one put and one call contract of particular interest.
The put contract at the $79.00 strike price has a current bid of $2.54. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $79.00, but will also collect the premium, putting the cost basis of the shares at $76.46 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $79.50/share today.
Because the $79.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 54%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.22% return on the cash commitment, or 23.93% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $79.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $81.00 strike price has a current bid of $1.23. If an investor was to purchase shares of DD stock at the current price level of $79.50/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $81.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.43% if the stock gets called away at the December 23rd expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $81.00 strike highlighted in red:
Considering the fact that the $81.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 55%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 1.55% boost of extra return to the investor, or 11.52% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 46%, while the implied volatility in the call contract example is 40%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $79.50) to be 30%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $81.00 strike highlighted in red: Considering the fact that the $81.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the December 23rd expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 54%. Below is a chart showing DD's trailing twelve month trading history, with the $81.00 strike highlighted in red: Considering the fact that the $81.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 55%.
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Below is a chart showing DD's trailing twelve month trading history, with the $81.00 strike highlighted in red: Considering the fact that the $81.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Investors in DuPont (Symbol: DD) saw new options begin trading today, for the December 23rd expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new December 23rd contracts and identified one put and one call contract of particular interest. Below is a chart showing DD's trailing twelve month trading history, with the $81.00 strike highlighted in red: Considering the fact that the $81.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the December 23rd expiration.
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2a18f6a1-3e10-4e51-b5cf-95b820d4e7f2
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716098.0
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2021-11-02 00:00:00 UTC
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Notable Tuesday Option Activity: ATVI, IDXX, DD
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DD
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https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-atvi-idxx-dd-2021-11-02
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Activision Blizzard, Inc. (Symbol: ATVI), where a total of 39,391 contracts have traded so far, representing approximately 3.9 million underlying shares. That amounts to about 55.1% of ATVI's average daily trading volume over the past month of 7.2 million shares. Particularly high volume was seen for the $70 strike put option expiring November 05, 2021, with 3,554 contracts trading so far today, representing approximately 355,400 underlying shares of ATVI. Below is a chart showing ATVI's trailing twelve month trading history, with the $70 strike highlighted in orange:
Idexx Laboratories, Inc. (Symbol: IDXX) saw options trading volume of 1,602 contracts, representing approximately 160,200 underlying shares or approximately 53.8% of IDXX's average daily trading volume over the past month, of 297,515 shares. Especially high volume was seen for the $610 strike put option expiring January 21, 2022, with 341 contracts trading so far today, representing approximately 34,100 underlying shares of IDXX. Below is a chart showing IDXX's trailing twelve month trading history, with the $610 strike highlighted in orange:
And DuPont (Symbol: DD) saw options trading volume of 11,986 contracts, representing approximately 1.2 million underlying shares or approximately 52.6% of DD's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $80 strike call option expiring November 19, 2021, with 1,031 contracts trading so far today, representing approximately 103,100 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $80 strike highlighted in orange:
For the various different available expirations for ATVI options, IDXX options, or DD options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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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Particularly high volume was seen for the $80 strike call option expiring November 19, 2021, with 1,031 contracts trading so far today, representing approximately 103,100 underlying shares of DD. Below is a chart showing IDXX's trailing twelve month trading history, with the $610 strike highlighted in orange: And DuPont (Symbol: DD) saw options trading volume of 11,986 contracts, representing approximately 1.2 million underlying shares or approximately 52.6% of DD's average daily trading volume over the past month, of 2.3 million shares. Below is a chart showing DD's trailing twelve month trading history, with the $80 strike highlighted in orange: For the various different available expirations for ATVI options, IDXX options, or DD options, visit StockOptionsChannel.com.
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Below is a chart showing IDXX's trailing twelve month trading history, with the $610 strike highlighted in orange: And DuPont (Symbol: DD) saw options trading volume of 11,986 contracts, representing approximately 1.2 million underlying shares or approximately 52.6% of DD's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $80 strike call option expiring November 19, 2021, with 1,031 contracts trading so far today, representing approximately 103,100 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $80 strike highlighted in orange: For the various different available expirations for ATVI options, IDXX options, or DD options, visit StockOptionsChannel.com.
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Below is a chart showing IDXX's trailing twelve month trading history, with the $610 strike highlighted in orange: And DuPont (Symbol: DD) saw options trading volume of 11,986 contracts, representing approximately 1.2 million underlying shares or approximately 52.6% of DD's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $80 strike call option expiring November 19, 2021, with 1,031 contracts trading so far today, representing approximately 103,100 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $80 strike highlighted in orange: For the various different available expirations for ATVI options, IDXX options, or DD options, visit StockOptionsChannel.com.
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Below is a chart showing IDXX's trailing twelve month trading history, with the $610 strike highlighted in orange: And DuPont (Symbol: DD) saw options trading volume of 11,986 contracts, representing approximately 1.2 million underlying shares or approximately 52.6% of DD's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $80 strike call option expiring November 19, 2021, with 1,031 contracts trading so far today, representing approximately 103,100 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $80 strike highlighted in orange: For the various different available expirations for ATVI options, IDXX options, or DD options, visit StockOptionsChannel.com.
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81e8d9bf-407a-4aaf-99c1-c2efde78e9f7
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716099.0
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2021-11-02 00:00:00 UTC
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DuPont (DD) Q3 2021 Earnings Call Transcript
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DD
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https://www.nasdaq.com/articles/dupont-dd-q3-2021-earnings-call-transcript-2021-11-02
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nan
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nan
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Image source: The Motley Fool.
DuPont (NYSE: DD)
Q3 2021 Earnings Call
Nov 02, 2021, 8:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good day, and thank you for standing by, and welcome to the DuPont third quarter 2021 earnings and strategic update conference call. [Operator instructions]. I would now like to hand the conference over to your first speaker today, head of investor relations, Pat Fitzgerald. Thank you.
Please go ahead.
Pat Fitzgerald -- Head of Investor Relations
Good morning, and thank you for joining us for DuPont's third quarter 2021earnings conference call On today's call, we will also discuss two strategic actions that we announced this morning. We are making this call available to investors and media via webcast. We will extend today's call to approximately 90 minutes to allow for Q&A related to both earnings and the strategic announcements.
We have prepared slides to supplement our comments during this conference call. These slides are posted on the Investor Relations section of DuPont's website and through the link to our webcast. Joining me on the call today are Ed Breen, chief executive officer; and Lori Koch, chief financial officer. Jon Kemp, president of electronics and industrial, will also join for the Q&A session.
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Please read the forward-looking statement disclaimer contained in the slides. During our call, we will make forward-looking statements regarding our expectations or predictions about the future. Because these statements are based on current assumptions and factors that involve risk and uncertainty, our actual performance and results may differ materially from our forward-looking statements. Our 2020 Form 10-K, as updated by our current and periodic reports, include detailed discussions of principal risks and uncertainties which may cause such differences.
Unless otherwise specified, all historical financial measures presented today exclude significant items. We will also refer to other non-GAAP measures. A reconciliation to the most directly comparable GAAP financial measure is included in our press release and posted to the Investor page of our website. I'll now turn the call over to Ed.
Ed Breen -- Chief Executive Officer
Thanks, Pat. Good morning, everyone, and thank you for joining us. In addition to our excellent quarterly results, I am pleased by the opportunity today to talk about two significant strategic news we are making to further strengthen our portfolio and deliver long-term value for our shareholders. I will provide a brief overview of these announcements before Lori walks you through earnings, and then I'll be back to go into more depth on our announcements today.
Our teams delivered outstanding results in the third quarter, above the high end of our guidance ranges for sales, operating EBITDA, and adjusted EPS, highlighted by the actions we took to implement price increases to stay ahead of raw material inflation. In the quarter, we delivered a neutral price/cost impact for the company, which is a proof point in effectively managing the levers within our control to deliver strong results. Market demand in nearly every one of our end markets was strong, and our supply chain organization executed well in a challenging environment to deliver for our customers. Organic growth was up high single to double digits in every segment in the quarter.
I am pleased by the quick actions our teams took to position us to continue managing the supply chain challenges and raw material cost pressures effectively as we head into the fourth quarter. As Lori will cover in a few minutes, we expect to fully offset raw material price headwinds again in the fourth quarter. As I mentioned, we also announced two strategic transactions this morning, the acquisition of Rogers Corporation and our intent to divest a substantial portion of our mobility and materials segment will significantly strengthen DuPont's position in our core high-growth, high-margin markets with a focus on electronics, water, protection, industrial technologies and next-generation automotive. In addition to focusing the portfolio, these strategic actions will accelerate our top-line growth, operating EBITDA margins, and significantly improve our earnings stability.
The combined transactions will allow us to benchmark extremely well against best-in-class multi-industrial peers, thereby resulting in long-term value creation. I will cover the details of the Rogers and M&M transactions in a moment, but, first, let me turn it over to Lori to discuss the quarter, as well as our outlook, for the remainder of the year.
Lori Koch -- Chief Financial Officer
Thanks, Ed, and good morning, everyone. As Ed mentioned, customer demand across almost all of our end markets remained strong in the third quarter. We saw continued improvement in many of the industrial end markets adversely impacted by the COVID-19 pandemic as global economies continue their recovery. Organic growth in the quarter was up 16% versus 2020.
We delivered net sales, operating EBITDA, and adjusted EPS above the high end of our third quarter guidance. In addition, we had strong cash flow generation and returned $657 million of capital to shareholders during the quarter through $500 million in share repurchases and $157 million in dividends. We now have $875 million in share repurchases remaining under our existing authorization, which expires next June, and we expect to complete the full year 2021 with about $2 billion in share repurchases, which is at the high end of the range that we provided earlier this year. Net sales of $4.3 billion were up 18% versus the third quarter of 2020, up 16% on an organic basis.
Organic sales growth consists of 10% volume improvement and 6% pricing gains, reflecting the continued actions we are taking to offset inflationary pressure. Excluding the impact of metals, price was up about 5% during the quarter. A 1% portfolio tailwind reflects the net impact of strong top-line results related to our acquisition of Laird Performance Materials and headwinds from the noncore divestitures. Currency provided a 1% tailwind in the quarter.
Overall sales growth was broad-based and reflects high single to low double-digit volume growth in all three of our reporting segments. Double-digit organic growth within Asia Pacific, Europe, and North America reflect continued strong demand in our key end markets. From an earnings perspective, we delivered operating EBITDA of $1.09 billion and adjusted EPS of $1.15 per share, up 20% and about 90%, respectively, versus the year-ago period. The earnings improvement was driven by strong volumes across all three reporting segments and earnings uplift from the Laird Performance Materials acquisition.
The swift pricing actions that we implemented earlier this year in the face of raw material inflation continued to benefit our operating results. For the total company, our selling price increases during the quarter again offset raw material inflation. Gross margin was up about 160 basis points versus last year, reflecting increases in both M&M and E&I. Operating EBITDA margin of 25.5% was in line with our third quarter guidance expectations and reflects 50 basis points of margin expansion versus the prior year.
Incremental margins were about 28% during the third quarter versus last year. However, if you exclude the impact of price and cost, our operating EBITDA margin for the quarter would have been nearly 27% and incremental margin would have been over 40%, reflecting very strong underlying operating performance. I have also mentioned previously that we track our operating performance for our core results on an underlying basis versus 2019 given the unique nature of 2020 and certain discrete items that impacted our operating results in the prior year. In comparing our third quarter results to pre-pandemic levels, sales for our core businesses were up 15% versus 2019, with operating EBITDA leverage at 1.4 times on an underlying basis despite the global challenges around supply chain pressures and raw material inflation.
From a segment earnings perspective, E&I delivered 13% operating EBITDA improvement on strong volume and better-than-expected results from Laird as we continue to integrate this business with our current electronics offering. The year-over-year comparison includes a headwind, resulting from a technology sale in the prior year. Adjusting for this item, operating EBITDA was up about 20%, with margins essentially flat between both periods. In W&P, operating EBITDA increased 12% versus the year-ago period on volume growth, primarily reflecting recovery in industrial end markets for aramid fibers and the absence of charges related to temporarily idle facilities in the prior year.
We were proactive in implementing pricing actions during the quarter in W&P. However, these actions were more than offset by raw material inflation and logistics costs, which resulted in headwinds to margins and operating leverage. We expect sequential price improvement as we continue to implement increases in response to raw material inflation. M&M delivered 75% improvement in operating EBITDA or about 2.5 times operating leverage compared to the year-ago period.
The improvement reflects higher volumes across all end markets, net pricing gains in response to raw material inflation, and the absence of charges related to temporarily idle facilities in the prior year. For the quarter, cash flow from operating activities was $842 million, and capital expenditures of $208 million resulted in free cash flow of $634 million. Free cash flow conversion of 112% was up significantly compared to the second quarter. Turning to Slide 4, which provides more detail on the year-over-year changes in net sales for the quarter.
Strong customer demand across almost all of our end markets, including the continued recovery in many industrial end markets and the efforts of our supply chain organization, drove organic sales growth of 16% during the third quarter. In E&I, volume gains delivered 9% organic sales growth for the segment, led by double-digit volume gains in both industrial solutions and semiconductors technologies. The sales growth in industrial solutions reflects strong demand across all product lines, but most notably in OLED displays for new phone and television launches, medical silicones in healthcare and Kalrez seals within electronics, along with a continued recovery in aerospace. Semiconductor technologies continues to benefit from robust demand driven by the ongoing transition to more advanced new technology and growth in electronic megatrends, and we expect these strong demand trends to continue in the fourth quarter.
Within Interconnect Solutions, organic sales decline in the mid-single digits, reflects the anticipated impact of the shift in demand related to premium, next-generation smartphones to the first half of this year, along with softness in automotive end markets due to the semi-chip shortage. We expect these headwinds to continue in the fourth quarter; however, we do expect organic growth of ICS to be up mid-single digits on a full year basis. For W&P, 11% organic sales growth during the quarter consisted of 9% volume improvement and 2% pricing gains. Continued recovery in industrial end markets resulted in significant volume improvement for Nomex and Kevlar aramid fibers within Safety Solutions, which was up double digits on an organic basis.
For Shelter Solutions, continued recovery in commercial construction led by demand for Corian surfaces contribute to high single-digit organic growth. In addition, we saw continued strength in North American residential construction market for products, including Styrofoam and Tyvek house wrap and the retail channel for do-it-yourself applications. Organic sales for water solutions were up low single digits during the quarter as global demand for clean water technology remained strong. However, logistics challenges do remain and have impacted our ability to meet demand.
Pricing gains for W&P during the quarter reflect actions taken to mitigate raw material inflation, mainly within shelter and safety. M&M top-line results reflect another strong quarter with organic sales growth of 28% on a 16% price increase and 12% volume improvement and included double-digit organic growth in each of engineering polymers, performance resins, and advanced solutions. Throughout the year, our M&M segment has been the most significantly impacted by raw material inflation. As such, the 16% price increase reflects the continued actions we have been taking to offset these higher raw material costs and also reflects higher metals pricing in our advanced solutions business.
Excluding the metals impact, price was up about 12% during the quarter. Looking ahead, while our global supply constraints of key raw materials have improved in M&M compared to earlier in the year and auto demand remained strong among consumers, we do expect softness in the fourth quarter as the global chip shortage continues. Turning to Slide 5. Adjusted EPS of $1.15 was up about 90% from $0.61 per share in the year-ago period.
Higher segment earnings resulted in a net benefit to EPS of about $0.20 per share, driven by higher volumes and strong results from Laird. As I mentioned, we were price-cost neutral during the quarter given the pricing actions we have been taking to offset raw material inflation. Our lower share count continues to provide a benefit to adjusted EPS, specifically a $0.33 benefit for the third quarter. Benefits from lower interest expense in the current quarter from delevering actions earlier in the year was mostly offset by a higher base tax rate compared to the last year.
For full year 2021, we expect our base tax rate to be about 21%. Turning to Slide 6, I'll discuss our outlook and guidance for the full year 2021. We expect strong underlying demand trends to continue in the fourth quarter in almost all of our end markets and have seen signs of these trends in the month of October. However, we are starting to see the ongoing semiconductor chip shortage impacts our downstream customers' ability to produce, which is creating some deceleration in order patterns, primarily in automotive end markets, where IHS [Inaudible] estimates for the second half have been cut by 17%.
Due primarily to the softness attributable to the semiconductor chip shortage, we are lowering the midpoint and narrowing the range of our full year guidance for net sales, operating EBITDA, and adjusted EPS compared to our previous estimates. At the midpoint of the ranges provided, we now expect net sales for the year to be about $16.37 billion, down from the midpoint of our previous estimate of $16.5 billion. Similarly, we now expect operating EBITDA and adjusted EPS to be about $4.15 billion and $4.20 per share, respectively. This is not a demand or market share issue or our inability to continue to pass on prices or effectively manage our global supply chain.
As our third quarter results demonstrate, we have successfully executed on each of these. This is purely a result of the global semiconductor shortage, which is impacting our customers' ability to produce and thereby pushing out demand. With that, let me turn it back over to Ed.
Ed Breen -- Chief Executive Officer
Thanks, Lori. I'm excited to share with you more detail on the two significant strategic news we announced this morning, which will further strengthen our portfolio and deliver long-term value for our shareholders. The announcement of an agreement to acquire Rogers Corporation and our intent to divest a significant portion of our M&M segment are substantial moves, advancing our strategy to shift the portfolio toward higher-growth and higher-margin businesses, while significantly enhancing the earnings stability of the company. The acquisition of Rogers will build on the Laird performance materials' acquisition that we closed July 1, adding another high-quality business that expands our leading market position across highly attractive end markets.
Rogers is a market leader in each of their primary product categories and brings a world-class organization with differentiated technology, innovation capabilities, technical expertise, and deep customer relationships, the same value proposition that differentiates our DuPont businesses. Rogers operates in end markets, where we have already established leading positions, such as consumer and mobile electronics, and in others that are adjacent to our businesses, such as 5G infrastructure and electric vehicles, enabling us to offer an even more attractive total value proposition to a broader base of customers and creating the opportunity to compound growth over time given complementary products and markets. While M&M has been the market leader in high-performance thermoplastics serving automotive, electronics, industrial, and consumer markets, we believe DuPont is no longer the best owner for this asset. By separating M&M from the rest of the portfolio, we are better positioning the business to expand on its leadership position in these markets and continue to tackle some of the industry's most critical challenges, such as vehicle safety and fuel efficiency.
We will leverage existing tax attributes to complete a highly efficient cash sale of the M&M business, providing ample funding to finance the Rogers acquisition, as well as further M&A and share repurchases, while maintaining a strong investment-grade credit rating. We have a few key targets, which like Laird and Rogers, we have been spending for a few years that would be excellent additions to our portfolio. Following the completion of the intended Rogers acquisition and the planned divestiture of M&M, DuPont will focus on key emerging technologies and have enhanced top-line growth. Our participation in the auto markets going forward is much more connected to high-margin, advanced technologies, enabling long-term secular trends, like hybrid and electric vehicles, as well as advanced driver systems.
A large portion of our order exposure will be aligned to EVs and ADAS, both of which are growing at a significant pace. This improved balance in our end markets will drive further consistency in our results and allow us to deliver best-in-class results among our multi-industrial peers, strengthening our position in clean energy and electric vehicles, combined with our existing positions in water, safety, and protection technologies will continue to advance our customer sustainability priorities. Slide 8 shows the modeling we have done for the company, assuming the completion of both the M&M divestiture and the Rogers acquisition, including full achievement of the planned cost synergies. As you can see, pro forma DuPont will benchmark well above our top multi-industrial peers on both organic growth and EBITDA margin and in line with this high-performing peer set on cyclicality, which we measure as peak-to-trough earnings volatility.
Our historical sales growth for the new portfolio will improve by 40 basis points to 3.8%, which is nearly two times the growth rate of the top peers. This growth is driven by our exposure to high-growth end markets. For example, the semiconductor materials market is expected to grow at 4% to 6% per year which is evidenced by the significant investments in new fabs we are seeing in all regions of the world. Our $2 billion Semiconductor Technologies business, which holds leading positions in materials for both wafer production and packaging is positioned to outgrow the market by 200 to 300 basis points.
Likewise, our $1.4 billion Water business operates in markets that are expected to grow high-single digits driven by the global response to concerns, such as water scarcity and circularity. The acquisition we are making also increases our exposures in high-growth markets, such as EV, which is a market growing at 30% per year. Rogers' high-performance elastomers, specialty busbars, and thermal substrates complement our existing materials, such as gap fillers, adhesives, and Nomex papers. In the new portfolio, the strength in these businesses will accelerate the performance.
In 2020, our top line for the core business declined about 5%, which was a solid result compared to our top multi-industrial peers, which were down about 8%. Our new portfolio would have declined less than 3% during the worst of the recession in recent years, a substantial differential versus the peer set. We have taken several actions to drive top quartile EBITDA margins at DuPont. The M&M and Rogers transactions will deliver an additional 140 basis points of margin improvement on a 2021 basis, putting us well above our top multi-industrial peers.
The new portfolio is a collection of specialty businesses underpinned by innovation, customer relationships, and manufacturing excellence, a combination that supports robust, sustainable margins. I'm also excited about the consistency these transactions will bring to our results. Strong ties to secular growth drivers will limit the earnings volatility of the company throughout the cycle. You can see the earnings volatility of the DuPont portfolio was significant from 2019 to 2020, primarily associated with the M&M segment.
The same is true as we look back further where the cyclicality in the portfolio was driven by M&M. Looking forward, our portfolio have minimal exposure to commodity feedstocks and, as a result, our cyclicality will significantly improve by 700 basis points to be in line with the top tiers. In addition to comparing to our top multi-industrial peer set, we also looked at how the new portfolio will benchmark against the entire set of 24 multi-industrial companies. The results are the same: we will benchmark well above the median of the entire multi-industrial group on both growth and margin and in line on cyclicality.
With a more clearly defined portfolio and by improving the top-line growth, EBITDA margins, and cyclicality of the company to be well above our peer set, I am confident the quality of our businesses will be recognized, which will translate into a valuation comparable to top peers. Getting DuPont to this point has been a multiyear journey, with decisive moves aligned with our value creation levers of active portfolio management, a best-in-class operating model, and disciplined capital allocation. Slide 9 shows the actions we have taken to transform the DuPont portfolio to a combination of world-class businesses centered in long-term, secular, high-growth areas. Our strategy is intentional and included strategic decisions to shift the company to higher-growth, higher-margin businesses with less cyclicality, while also pursuing acquisitions to strengthen our leadership position and innovation capabilities in the secular growth areas of electronics, water, protection, industrial technologies, and next-generation automotive.
Our portfolio transformation started with the identification of noncore businesses, where our innovation, technical expertise, and close customer relationships no longer drove a competitive advantage within the DuPont portfolio. We have been successful at identifying great owners for a majority of these businesses and our work continues. We expect to close the sale of the Clean Tech business before the end of the year for around $510 million. Earlier this year, we finalized the separation of the N&B business and an RMT transaction with IFF, creating a powerhouse in the food, beverage, health, and biosciences markets.
Separation of N&B provided a lift to the top-line growth and operating EBITDA margins at the DuPont portfolio as N&B was at the low end of the portfolio on both measures. This was an unmatched opportunity to advance the DuPont strategy, including the receipt of $7.3 billion in tax-free proceeds, which we redeployed to create shareholder value and position N&B and IFF for future success. Today's announcement of our intent to divest a significant portion of the M&M segment is the next step to advance our transformational strategy by increasing the resiliency and earnings stability of our portfolio. Throughout, we have carefully assessed acquisition targets, which can strengthen our leadership positions in the secular areas of electronics, water, protection, industrial technologies, and next-generation automotive.
As I have said before, we are strategic in our approach and only pursue targets that can be justified financially and that operate in our existing markets to minimize integration and execution risks. We prefer acquisitions that provide a significant synergy opportunity, similar to what we saw with the water acquisitions we completed in late 2019, the Laird acquisition earlier this year, and the intended acquisition of Rogers. We also only pursue targets where innovation and our technical capabilities set us apart, which is the case for both Laird and Rogers. Our transformation strategy has also been underpinned by operational improvements.
We have made fundamental changes in the way DuPont is run. We have the full P&L accountability into the businesses by moving oversight of manufacturing, operations, and R&D under our business presidents. We spend approximately 4% of sales on R&D, and we no longer operate a central R&D function. Instead, we have empowered our businesses to allocate R&D dollars to the projects that are most critical to their growth and then hold them accountable for delivering results.
The same is true for capital spending, the majority of which has been focused on capacity-constrained areas. Throughout our transformation, the strength of our balance sheet has been and remains a priority. Following the N&B separation, we delevered our balance sheet to maintain a debt-to-EBITDA ratio and credit rating that provides us flexibility. We also continue to control our costs at both our manufacturing facilities, as well as in our corporate functions.
We have been prudent at taking cost out of our G&A line and today have a best-in-class cost structure. The work in our manufacturing facilities is ongoing through continuous productivity and asset reliability improvements using new digital tools, which is an integral part of our operating plants today. The combination of focusing the portfolio and operational improvements have been part of our strategy to unlock shareholder value and strengthen the company. The M&M and Rogers announcements are significant strategic steps in our transformation.
I'll move to Slide 10 to provide more details on the Rogers agreement. Our modeling of Rogers is based on our 2022 estimated EBITDA of $270 million, which we are highly confident the business will achieve based on a thorough diligence process, including a detailed review of their projections and assumptions. The purchase price of about $5.2 billion represents a 19 times EBITDA multiple based on 2022 estimates before synergies. The multiple is expected to be below 14 times after cost synergies.
We are highly confident in the synergy number of approximately $115 million and our ability to achieve most of the forecasted synergies by the end of 2023, within 18 months of closing. We expect Rogers to be accretive to top-line growth, operating EBITDA, free cash flow, and adjusted EPS upon closing. We expect sizable revenue synergies from the combination of E&I, Laird, and Rogers. But consistent with how we justify old deals, we have not assumed any revenue synergies in our modeling.
And we expect closing to take approximately six months, putting us in the second quarter of 2022. Because the Rogers transaction will close before we expect the M&M divestiture close, in funding the acquisition, we expect to prioritize prepayable debt, which can be retired upon receipt of the M&M proceeds to return our leverage to more normal levels. Slide 11 provides more detail on the synergy opportunities. DuPont is in a unique position to extract value from this combination due to the synergy opportunity that comes not only from having one of the largest electronic material businesses in the industry but also from the acquisition of Laird that we completed a few months ago.
We looked across all three organizations to determine where there were synergy opportunities. As is the case in many of our transactions, where we combine businesses, we have complementary product offerings in similar segments. We expect significant synergies in procurement spend, as well as G&A costs. Because Rogers is a public company, we will also realize savings associated with folding them into our structure.
Our anticipated Rogers cost synergies of $115 million, combined with the cost synergies we anticipate from the Laird acquisition, total approximately 6% of the combined revenue of our Interconnect Solutions business, Laird and Rogers, which is a very achievable synergy target. As I mentioned, we expect to achieve most of these synergies with 18 months of closing. Turning to Slide 12, I'll provide more detail on the business. Rogers Corporation is a $950 million business with broad end-market exposure.
We expect Rogers' top line to grow in the high single digits, accelerated by leading positions in the rapidly growing categories of electric vehicles and advanced driver systems. The benefits of the planned synergies will deliver uplift to the EBITDA margins across all three businesses. Rogers has two operating segments with leading positions in each. The first segment is advanced electronic solutions, which includes the high-frequency circuit board laminates business and the power electronics business.
Rogers' second segment is elastomeric material solutions. The high-frequency circuit board laminates business complements our existing printed circuit board business within Interconnect Solutions. This is approximately a $300 million business that manufactures copper-clad laminates for high-frequency circuits using ADAS radars, 4G/5G base stations, and military communications. Also included in the advanced electronic solutions segment is the power electronics business, which includes both ceramic substrates and specialty busbars for high-power conversion used in applications, such as electric motors for trains, ships, automobiles, and wind turbines.
Specialty busbars are used instead of cable harness systems and high-power conversion applications when highly stable and reliable power conversion is critical. This is about a $250 million business today but poised for significant growth with exposure to next-generation technologies, including battery applications for hybrid and electric vehicles. The second segment is the Elastomeric Materials Solutions segment, approximately a $400 million business, which manufactures precision phones and silicon materials with high reliability and high purity for cushioning, sealing, impact protection, and vibration management across the number of growing end markets. This segment also has high exposure to electric vehicles for battery applications.
On Slide 13, you can see the significant offerings in the combined entity through the examples of the electric vehicle, 5G infrastructure, consumer electronics and clean energy. The increased opportunity in electric and autonomous vehicles from the combination of Laird and Rogers adds to DuPont's existing material offerings into the electric vehicle. In a segment that is growing 30% per year, this is a tremendous opportunity to increase our share of wallet with offerings, such as gap fillers, adhesives, and Nomex paper from DuPont; high-performance elastomers, specialty busbars, and thermal substrates from Rogers; and electromagnetic shielding and thermal management solutions from Laird. Likewise, Laird and Rogers expand our offering in consumer electronics where DuPont is already a leading material supplier through all three businesses within the E&I segment: semiconductor technologies, interconnect solutions, and industrial solutions.
EMI shielding, thermal interface materials, and multifunctional solutions from Laird, as well as high-performance elastomers from Rogers, will make us an even more complete material supplier to leading OEMs. The combined application engineering and design expertise will be unmatched in the industry. We are very excited about the technical skills that will transfer to DuPont through both of these acquisitions, which will enable the businesses to continue working with customers to solve their most critical challenges using our combined portfolio of advanced technologies, a hallmark of all three companies. Customers in these industries demand this level of sophisticated innovation and partnership.
You can see how the acquisition of Laird and Rogers supports our strategy to expand our presence in high-growth secular end markets and creates opportunity for compounding growth across related products and markets. Slide 14 shows the combination of the Laird acquisition and the Rogers acquisition is highly complementary and can expand our addressable markets within key electronics segments by 50%. The addition of Laird and Rogers provides an entry way into markets, such as clean energy, wireless infrastructure, and defense electronics, where we previously had little exposure, but will now have distinct competitive advantages. We see further opportunities for growth by leveraging the DuPont technologies across these additional electronics markets.
The timing could not be better to enter these markets. The world is making significant investments in 5G infrastructure, clean energy, and hybrid and electric vehicles, to name a few. These investments are leading to rapid growth in these areas. Rogers has been making significant investments in these areas and has a rich pipeline of offerings that will support the next-generation technologies.
The acquisition creates an exciting opportunity to capture this growth, which we think will be compounded by leverage of the combined E&I, Laird, and Rogers platforms. Moving to the intended M&M divestiture, on Slide 15. At DuPont, we have a proven history of adapting the best owner mindset for each of our businesses. We constantly scrutinize our portfolio to ensure fit with our business objectives and to create as much long-term value as possible for our shareholders, customers and employees.
By announcing that we have initiated a process to divest the majority of our M&M segment, we are committing to do just that: finding the right owner for a tremendous asset. The business to be sold predominantly includes the engineered polymers and performance resins lines of business. Approximately $700 million of current year revenue, M&M segment is not included in the scope of the divestiture and includes the automotive, adhesives, and multi-based businesses, which align nicely with our offering for EVs and industrial technologies. The portfolio to be divested is expected to generate revenue this year of about $4.2 billion and about $1 billion of EBITDA.
M&M is an industry-leading combination of high-quality businesses with best-in-class technology and application development, deep customer relationships, brands, and manufacturing excellence. The business is well-positioned to capitalize on the continued transition to hybrid electric vehicles and other emerging megatrends. The business is also poised to outperform its peers through the cycle, with a lean G&A structure, efficient manufacturing processes, and a reliable supply chain of key raw materials. We expect that the divestiture process will move quickly.
In fact, we will launch a marketing process in the coming days. We have considered multiple deal structures as part of the strategic review. We believe a transaction that maximizes the net cash proceeds to DuPont will enable us to build on our core areas of strength, like the Laird and Rogers transaction, and create significant value for our shareholders. I look forward to updating you as our process advances.
I'll wrap up with a few comments on why I'm excited about their future at DuPont on Slide 16. With the completion of the Rogers acquisition and the M&M divestiture, DuPont will be building around our core foundational pillars, including electronics, water, protection, industrial technologies, and next-generation automotive. Each of these areas is experiencing rapid growth as a result of significant secular tailwinds with long-term growth drivers, from high-frequency connectivity in the most advanced technologies to water scarcity in some of the most remote parts of the world, the technical demands of our customers are high and we have a unique advanced technologies to partner with them to solve these global challenges. The actions we have already taken, along with those we announced today, enable us to strengthen our leadership position in each of the markets we serve.
I am confident this will lead to significant opportunities for employees and unmatched solutions for our customers. We are also creating an opportunity for significant value creation for our shareholders. As I mentioned previously, the combined transaction enhanced our financial profile through higher growth, higher margins, and significantly more stability. We will be positioned to outperform throughout the cycle.
These are indicators of a strong, healthy, and vibrant company, and I'm confident we will benchmark with the best of our multi-industrial peers. Our capital allocation will remain balanced, returning value to our shareholders through a consistent dividend, that we expect to grow with earnings and share repurchases, as well as a strong balance sheet, have been and will continue to be priorities for DuPont. We will also continue to invest in our business to grow organically and support their growth through select and targeted M&A. With that, let me turn it to Pat to open the Q&A.
Pat Fitzgerald -- Head of Investor Relations
Thanks, Ed. Before we move to the Q&A portion of our call, I would like to remind you that our forward-looking statements apply to both our prepared remarks and the following Q&A. [Operator instructions]. Operator, please provide the Q&A instructions.
Questions & Answers:
Operator
[Operator instructions] Your first question comes from the line of Scott Davis from Melius Research. Your line is now open.
Scott Davis -- Melius Research -- Analyst
Good morning.
Ed Breen -- Chief Executive Officer
Good morning.
Scott Davis -- Melius Research -- Analyst
Good morning, Lori and Jon.
Lori Koch -- Chief Financial Officer
Good morning.
Scott Davis -- Melius Research -- Analyst
Quite a -- it sounds like you guys have been busy. Instead of asking a kind of technical question here, I mean, the process that you're going to run on Mobility, if it doesn't come out as you'd like, would you consider spinning the business? Is that one of the options that's in play here?
Ed Breen -- Chief Executive Officer
Yeah. Look, we're highly, highly confident there'll be a sale here. There's -- we already know people who are interested in this asset. We've had many calls, even in recent times, about the asset.
So it's going to sell. We're starting -- literally starting the process in the next few days. And one of the great things about the sale of this, it's really extremely tax efficient for us, which makes it very attractive. The tax leakage on this deal will be mid-single digits to high-single digits.
So it's pretty incredible that we're able to accomplish that. So I'm highly confident it's going to sell. I would say -- and by the way, I would say, just targeting for your thinking, that we close a deal like that around October of next year. By the way, I also am highly confident, which is kind of surprising.
It's in sum of the parts of DuPont. M&M is, by far, the lowest multiple in the company, and yet we will sell it for more than the multiple that DuPont trades at today. I would also say, if you just benchmark DSM's coming to market, I think a lot of you guys and analysts have it going for at least 11 times. Our asset is a way better asset.
It's better on growth. It's better on margins. It's much more global, bigger. And so I don't -- I'm confident it will sell for even more than the current -- company literally currently trades at now.
Scott Davis -- Melius Research -- Analyst
Good. And then, Ed, as a follow-on, can you talk through the synergies with Rogers? Is this standard kind of G&A stuff? Or is there something kind of more there that is -- that you can talk us through?
Ed Breen -- Chief Executive Officer
Yes. It's pretty similar to our other deals. And by the way, it's a very achievable number for us, as we said in our prepared remarks. We took ICS, which is one of our divisions, this will be in the E&I segment, we used ICS, we used Laird and the Rogers deal.
And adding in the Laird synergies, by the way, at 6% of revenue. So we're highly confident. We've been scoping this out for a long time. One of the nice things here, I guess I say nice, is it's a public company.
So all those costs go away, which are pretty significant obviously, and that just happens. Then a big chunk of it is G&A and functional costs, streamlining it into our structure. We get some procurement savings also. And then we've got some facility consolidations.
We've got sales offices all overlapping each other globally, as an example. So we've scoped it out in a lot of detail. Obviously, we'll get more detail once we can sit down even more with the team. And I would also add, we had just closed on the Laird deal July 1, and we had announced $60 million of synergies with Laird.
And the team is now at $63 million, and that's literally line by line, who's doing it? When are we getting it? What's the payback? So we have line of sight. And hopefully, we're being conservative here on the combo at $115 million of synergies for Rogers.
Operator
OK. Our next question comes from the line of Steve Tusa from J.P. Morgan. Your line is now open.
Steve Tusa -- J.P. Morgan -- Analyst
Hey, guys. Good morning.
Ed Breen -- Chief Executive Officer
Good morning.
Steve Tusa -- J.P. Morgan -- Analyst
So just quickly on the results. It sounds like kind of the majority of the 4Q cut is really kind of auto production-related? And then I have a follow-up on the strategic stuff.
Ed Breen -- Chief Executive Officer
Yes. Steve, it's all auto. It's all centered on the semiconductor. We did not see it in the third quarter.
If you could tell by Lori's prepared remarks, we had a very robust third quarter still going along. We're seeing a little bit of order pattern on the auto end go down. We're just expecting a half through the rest of the quarter because auto builds are down 17% in the second half of the year. So that's pretty much how we modeled it out and said we'll probably see it here in the fourth quarter.
And as you all know, consumer demand is there. Auto builds are supposed to be up 11% next year. So we should be in good shape in 2022. But I think we'll probably take a little bit of a hit here in the fourth quarter, and that's what we guided to.
There's no softness anywhere else in the portfolio. As you can tell, every one of our subsegments is up nicely. Except for one out of nine segments, eight of them were up nicely. And the only one that wasn't was related to the smartphone market, and we knew that, we already highlighted that to everybody because the demand came earlier in the year to tee up for the production of the phones.
And we knew the second half of the year to be softer and it will be fine again next year. So demand is perfect everywhere else. By the way, our supply issues with force majeures have cleaned up substantially, so we're not dealing with that. We're really dealing with just the semi thing.
And of course, everyone is dealing with logistics and shipping and all that.
Steve Tusa -- J.P. Morgan -- Analyst
Right. And then just lastly, I'm kind of like looking over the cash you're bringing in or you expect to bring in from these sales. And I mean, it's a pretty big number, well in excess of like the $5 billion that you're spending. You still have a couple of billion of cash generation, some divestitures that are bringing in some cash here in the fourth quarter.
I'm kind of getting to a pro forma year-end '22 cash numbers that's like, I don't know, like $6 billion, $7 billion, or something in that range. Is that like -- is that math off? Maybe it's $5 billion, I don't know. But it seems like you guys have like a ridiculous amount of excess cash after the dust settles on all this stuff. Am I off on my math somewhere there?
Lori Koch -- Chief Financial Officer
So I think the only thing you're off is on the timing of the receipt of the cash from the divestitures. So we ended the third quarter with about $1.7 billion in cash, we generated $600 million and change in free cash flow in the third quarter. And we'll expect a similar posting in the fourth quarter. And we'll also continue to be active in the market with our share repurchases, probably about $500 million incremental in the fourth quarter.
That will put you about maybe just shy of $2 billion at the end of the year. And then you'll get next year the increment from the M&M proceeds from the divestiture and then paying for the [ Cardinal ] acquisition, I've already -- we already have the funding in place for that. The one item outside of free cash flow that we will get in the fourth quarter, as Ed had mentioned, is the proceeds from the Clean Tech divestiture. So that should be about $470 million after tax.
That will be incremental to the roughly $2 billion that I had previously mentioned for ending the year.
Ed Breen -- Chief Executive Officer
Yes. So Steve, at the end of the day, if you go to the end of 2022, your numbers are clearly in the ZIP code there. As we highlighted in our remarks, there are a couple of M&A targets we love, we've been looking at for literally two to three years. And we also are going to stay very balanced with share repurchase.
But we don't need to make any of those decisions now. We won't get the cash for the M&M business till about October 1 of next year, and we'll see where things are at that point in time.
Operator
Your next question comes from the line of John Walsh from Credit Suisse. Your line is now open.
John Walsh -- Credit Suisse -- Analyst
Good morning, everyone.
Ed Breen -- Chief Executive Officer
Good morning, John.
John Walsh -- Credit Suisse -- Analyst
Wondering, though, if we can keep that train of thought going. You talked about wanting to maintain a healthy balance sheet, a lot of stuff going on, moving parts, several companies also reporting today. Can you just kind of help us, what's the ZIP code do you think you'll have your net leverage at when you kind of pro forma for all the divestitures and also for the acquisitions? Where do you have it shaken out?
Lori Koch -- Chief Financial Officer
Yes. So we will target to be around that 2.75 times by the close of the completion of both the divestiture of the M&M business, payment for the acquisition of Rogers, and then ideally another acquisition post receiving the proceeds from the M&M transaction, which will have us back to that 2.75 times around mid to end of 2023.
John Walsh -- Credit Suisse -- Analyst
Got you. Thank you. And then maybe just another question around capacity, just the organizational capacity to kind of continue to do M&A. You talked about a couple of deals, some assets you were excited about.
Do you have the bandwidth to kind of do all this at the same time? Or should we think that any kind of larger addition is, as you kind of talked about, post kind of the M&M divestiture?
Ed Breen -- Chief Executive Officer
Yes. If there was anything of this size, like a Rogers or something, just to give you a feel, it would be at least around the time or after the proceeds for M&M. So we're going to put this prepayable debt in place here just in the interim period. We can pay that off when we get the proceeds, as Lori said.
And then we'll have, as Steve Tusa was alluding to there, some billions of dollars available at that point in time. So we'll really be looking hard at, is share repurchases or an M&A opportunity and one of the sweet spots for us and we'll make that decision then. But I wouldn't expect that you would see us do anything before we are close to or around the time of getting those proceeds in the fall. By the way, the team is very capable.
It's a separate team that's doing a lot of the work on the separation of M&M. And we can get a transaction place for M&M in the next three- to kind of five-month time frame to have a closed deal, but then we can't spin it until we do all the separation work, which is why I say October of 2022 to get all that, where the [indiscernible] are done, the separations are all done, the tax work is all done, where we can separate it. So that team is extremely good at doing it. You watched us do the R&D and all that.
And Jon's team is very far and very quickly into the integration of Laird, and this will just overlay onto that. So I don't see any issues from a bandwidth standpoint of the company.
Operator
Your next question comes from the line of Steve Byrne from Bank of America. Your line is now open.
Steve Byrne -- Bank of America Merrill Lynch -- Analyst
Yes. Thank you. When I look at the Rogers products, they're generally derived from either fluorinated polymers or polyurethanes or silicones, and just had a couple of questions on those. On that first bucket, the laminates that are fluorinated polymers, do they source any material that was aqueous and thus could have a PFAS wastewater issue? And then maybe overall, do you see raw material cost pressures in this basket of product that is consistent with your interconnect solutions business? Or would you say it could be a little more like M&M?
Jon Kemp -- President of Electronics and Industrial
Hey, Steve. This is Jon. Thanks for the question. Rogers' market-leading, high-frequency laminates, as you alluded to, they do use some fluoral products, some fluoropolymers in order to help achieve some of that performance.
It's a world-class supplier. They've got a diversified supply base of blue-chip companies, globally recognized suppliers of that, who are actively involved in all of these regulatory and other industry activity. They're sort of leading the way on that in terms of how we address some of the fluoral materials. Our teams have done a detailed diligence on the EH&S, the environmental, the product stewardship components of that.
And we're comfortable with what that product line is doing, how it's performing right now, and the supplier base for those materials. As it relates to kind of the inflationary pressures of the raw material pressures, it's very consistent with our electronics business, our E&I business today in the sense that you don't see a lot of the run-up that we experience in some of the big commodity moves. These are value-based materials. And you've got -- you've got some exposure, obviously copper used in laminates and silicone, but not any different than what we have in the rest of the portfolio.
And it's been -- the team is fairly comfortable with our ability to manage that proactively.
Ed Breen -- Chief Executive Officer
Steve, I'll just add overall for DuPont to your line of question, we've highlighted to you that we've had over $400 million of raw material inflation this year. $300 million of the $400 million is in the M&M division from the feedstocks there. And that -- again, it's a great business, but that's what jerks the results around. Most of our pricing, by the way, was in the M&M division because we needed it to cover the raw material inflation.
So if you take the whole rest of the DuPont portfolio, we only had $100 million raw material inflation. That's a pretty nice place to get to from that angle also.
Steve Byrne -- Bank of America Merrill Lynch -- Analyst
OK. Very good. And Ed, on the divestiture of the M&M businesses, do you have a level of confidence you can share about getting that 10 times multiple? And if you can't get it, is it a keeper?
Ed Breen -- Chief Executive Officer
No. First of all, I would be very disappointed if we sold M&M for a 10 times multiple. By the way, when I was comparing to us, I'm using us at 11 multiple. By the way, there's been assets out there not as good as this one that it's sold for 12 and a little above 12 times in the marketplace.
So we're going to get a good number for this one. I will stress again, I have personally had phone calls from people that have interest in this asset. I think the private equity world is going to be extremely interested in this asset. By the way, I think there's a very interesting opportunity out there because it's publicly noted DSM is going to market with an asset that would fit beautifully with this to create an unbelievable company.
So I think you're going to see a lot of interest around this, and it's going to garner a nice multiple, which, by the way, back to my point, it's the lowest multiple in some of the parts in our company and we'll get more for it than DuPont trades at.
Operator
Your next question comes from the line of David Begleiter from Deutsche Bank. Your line is now open.
David Begleiter -- Deutsche Bank -- Analyst
Thank you. Good morning. Ed, why not spin out E&I and keep M&M and avoid any possible PFAS overhang on the high-multiple E&I businesses?
Ed Breen -- Chief Executive Officer
Yes, David. Well, first of all, look, I'm not worried about PFAS. Look, you know I want to get it resolved. I know there's a little bit of a cloud still lingering out there.
We will get it resolved. The last announcement we did was a settlement that cost us $12.5 million in the State of Delaware. We're actively working it, I'm comfortable we're going to get there. And we'll clean that issue up for the company.
So that's number one. Number two, spinning E&I out, you've really got to go through the analysis of what that trades for, and I agree, it would trade higher. But what will now DuPont trade at on a bigger EBITDA base with what we put together here and we're taking up our top-line growth rate, we're taking up our EBITDA margins, we're taking out the cyclicality in the portfolio, there's no way that doesn't benchmark well against some of these premier companies that we've used? So if you get some multiple uplift in DuPont, it kind of negates the multiple uplift from E&I, which is a smaller EBITDA base. I'd also say I get asked a lot about because I've done a fair amount of RMT stuff, I always get asked that there is no partner for E&I.
It's the business. There's nothing that matches up in size, even pre the Laird deal, by the way, that makes sense. And it would be pieces of E&I, which would leave just a partial business in DuPont and take the rest of that out. And then, by the way, the beauty here, again, remember, the tax leakage is literally mid-single digits to high single digits depending on what price we get for it.
That's a rare situation to be in. So it makes a lot of sense for us to do M&M.
David Begleiter -- Deutsche Bank -- Analyst
Got it. Makes sense as well. And just lastly, Ed, what's the -- talk about the growth synergies and the organic growth of the new enhanced E&I business.
Ed Breen -- Chief Executive Officer
Yes. I'll let Jon cover that. We're excited about it, but let me highlight, we did not put it in our analysis of the deal, but the combo of the three, E&I, Laird, and Rogers, has us really excited. And I think we had a pretty neat chart in the deck if you want to go back and look at it.
But Jon, why don't you talk a little bit?
Jon Kemp -- President of Electronics and Industrial
Yeah. David, maybe I'll give you kind of two quick examples here. When you look at it, Rogers really adds complementary materials and components that really build on DuPont's position in the industry today. If you use just a -- if you pull out kind of two specific application areas, around 5G and applications and smartphones, wireless infrastructure, military, defense, electronics, and automotive radar systems, DuPont's the leader in flexible laminates.
And Laird has the EMI shielding and the thermal management solutions. Rogers is the market leader in rigid PCB substrates. And so with that enhanced offering, not only can you cross-sell customers and expand your share of wallet with a global customer base, but one of the things we're really excited about, and we're already starting to see this with the Laird integration process, by the way, is engaging with customers to co-design and help address some of their most challenging needs. To give you one specific example there.
Everybody is trying to make electronic devices smaller. And one of the ways you get smaller is to use hybrid rigid-flex construction on the circuit board. And now we've got a market-leading flex circuit business, a market-leading rigid business, and those complex hybrid rigid-flex substrates become a lot easier to work with our customers and they're already asking for it. If you switch over to the electric vehicle space, we've got quite a bit of content in automotive electronics today.
But we really didn't have a lot of exposure prior to Laird or Rogers into things like the automotive -- the ADAS systems or the battery. And Laird brought with the EMI shielding with some of the absorbers, a great position in ADAS systems. Rogers built on that with their high-frequency laminates. And then what we're really excited about is the opportunity that they have with the specialty busbars and the specialty foam, performance foams, to really address some of the critical needs in the battery packs and power assembly, power electronics parts of the electric vehicles.
So you put all that together with our adhesives business, with the rest of our automotive electronics and we'll really be a preferred partner with both the tier 1 auto OEMs, as well as the OEMs themselves, to design the hybrid and electric vehicles in the future.
Lori Koch -- Chief Financial Officer
Yes. And David, I think the chart that Ed was referring to in the backup is the pie chart on our end market exposure. And if you look at that, over half of our portfolio between electronics; next-gen auto, which we define as battery and ADAS applications; and water, that portfolio is mid-single digits and then some from a growth perspective. So a really nice round out from a pro forma DuPont perspective.
Operator
Your next question comes from the line of Vincent Andrews from Morgan Stanley. Your line is now open.
Vincent Andrews -- Morgan Stanley -- Analyst
Thank you. And good morning, everyone.
Ed Breen -- Chief Executive Officer
Good morning, Vincent.
Vincent Andrews -- Morgan Stanley -- Analyst
Ed, could you talk a little bit more about the tax strategy on M&M? And I guess what I'm asking is sort of, what are the mechanisms that limit the tax leakage? And is this -- is this an opportunity for tax savings that you can only really harvest because of the sale of the asset? Or are these tax opportunities that would accrue to the overall DuPont enterprise in the absence of an M&M sale, but might have taken more time to realize over any number of years?
Ed Breen -- Chief Executive Officer
Yes, Vince, and I'll let Lori comment a lot more. Lori, why don't you talk on it --
Lori Koch -- Chief Financial Officer
It really comes from the -- going back to the DowDuPont transaction and we were able to step up the basis of the heritage Dupont assets, of which are all going as part of the M&M transaction. So all those businesses are in perimeter for M&M or from heritage DuPont and therefore have the benefit of a stepped-up basis from the DowDuPont transaction.
Vincent Andrews -- Morgan Stanley -- Analyst
OK. And just as a follow-up, when you think about in M&M, obviously, the fourth quarter is going to see some issues with the chip issue in auto build. How confident are you that that trues up in 4Q versus potentially lingers into 1Q or the first half of next year? And maybe you could sort of give us an assessment of what you think auto builds are going to look like into 2022. That would be helpful.
Thank you.
Lori Koch -- Chief Financial Officer
Yes. The current estimates as you head into 2022 is really just shifting out. And so the IHS is estimating 11% growth in auto builds next year. And that still doesn't get you back to where we were kind of pre-trade war, pre-pandemic at an $88 million or $89 million auto build number.
So we're confident that growth is just getting pushed out. The demand is definitely there. You couldn't get a car now if you tried. And so I think there's definitely still a lot of pent-up demand for us to serve.
So we have confidence it's really just a timing issue, it's not a share issue, it's not an underlying issue from a consumer perspective. It's really just when they're able -- the automakers are able to get the chips to complete the production of the cars.
Ed Breen -- Chief Executive Officer
Yes. And by the way, just on the M&M front going into next year, we've continued during the fourth quarter and implement some price increase actions to make sure we keep covering the raw materials. So I think 2022 will be -- tend to be a solid year for the business.
Operator
Your next question comes from the line of John McNulty from BMO Capital Markets. Your line is now open.
John McNulty -- BMO Capital Markets -- Analyst
So on the acquisition, can you speak to the competitive landscape in terms of the businesses and how the growth rate for the business has been over the last, say, three to five years versus the broader market? Has it outpaced it? Are you gaining share in that area? Can you give us a little bit of color on that?
Jon Kemp -- President of Electronics and Industrial
Yes. Sure, John. When you look at it, it's really kind of different based on the individual product lines and the different divisions of the business. When you look at the high-frequency laminates business, the primary competitors there are companies like Asahi Glass, AGC, who did a couple of acquisitions in the last couple of years to build up their portfolio in that space.
You've got some -- Panasonic is there. So primarily Japan-based competitors. And then you've got some local folks in China, who are doing some of that as well, largely because of some of the geopolitical situation. All of that is kind of outside and we're kind of back in the rearview mirror now.
And the company is really well-positioned in continuing to grow that. On the ceramic busbar, ceramic substrates, and specialty busbars, that's a pretty fragmented business. You've got companies out there like [ DNCA, Ferrotec ] [indiscernible] and multiple others. It's a fairly fragmented landscape.
What differentiates this technology is really the quality of the ceramic thermal substrates and the synergy that's created with silicon carbide power modules, especially for electric vehicles. And so when you combine that with -- similarly with the specialty busbars, it's going to replace things like the wire harness that's in a power system. As Ed alluded to in his prepared remarks, the quality there is really what allows the step-up in the growth acceleration really driven by electric vehicles. On the elastomer side, it's companies like Saint-Gobain, who really -- Woodbridge, [ Niadanko ], are kind of a few names there.
Across the board in each of these kind of three businesses, Rogers, it has a leading market share. They're among the leaders. They're winning in the market. They've got a great pipeline of opportunities, especially on the automotive, the advanced mobility side, with EV and ADAS.
They're working with all the power electronic OEMs. And a lot of those are, by the way, are E&I customers as well. So we'll have great relationships across the industry to be able to deliver some of those growth synergies and the upside. On a historical growth rate, they've kind of been growing mid-single digits.
And with the step-up from automotive opportunities in electric vehicles, which are markets that are growing anywhere from mid-teens and ADAS systems to 30% on the EV side, they'll see a nice growth acceleration as those start to scale over the next few years.
Ed Breen -- Chief Executive Officer
John, they have very nice wins. We did a lot -- we've been hearing it in the marketplace, and obviously studying them for a few years, but we've done a lot of due diligence around the pipeline of the wins. And they're very well-positioned, as Jon said, on ADAS, EV, with wins and a lot of design opportunities that they're working on. So we're -- we feel very good about a high single-digit growth rate going forward for the business.
John McNulty -- BMO Capital Markets -- Analyst
Got it, hugely helpful. And then just as a follow-up, on the mobility asset sale or divestiture, however, it ends up going, can you speak to how we should think about any stranded costs? How quickly you may be able to exit those if there's much in the way of anything that would be left anyway.
Lori Koch -- Chief Financial Officer
Yes. I mean, we're very good at getting at stranded costs quickly. So if there's any to be had, we'll get at it. I mean, we'll look at the transaction holistically.
So you'll have the M&M portfolio going out, Rogers coming in, and then another transaction coming in some time later in the fall, until we have line of sight for the proceeds from the M&M divestiture. So we benchmark best-in-class from a G&A perspective, we'll continue to benchmark best-in-class post the transaction.
Operator
Your next question comes from the line of Chris Parkinson from Mizuho. Your line is now open.
Chris Parkinson -- Mizuho -- Analyst
Great. Thank you very much. Just regarding Slide 11, you do have a history of exceeding expectations on cost synergies. And clearly, you're already embracing the potential for revenue synergies as well.
So just taking that 14 times post-synergy multiple and integrating how you're assessing the long-term aggregate synergy potential based on your various buckets, can you just discuss the potential to further reduce the price paid and what the investment community should be monitoring during the first, let's say, 18 months, just given your progress that you've just highlighted on Laird?
Ed Breen -- Chief Executive Officer
Yes. Well, we're -- look, when we talk about cost synergies, hopefully, we'd be conservative, and we compute those numbers as we already are on Laird by the way. So we'll keep updating you with the -- the year goes on. By the way, the multiples, actually, I think they get right to investment, but it's 13.6 times.
And if we find additional synergies, we reduced it from there. And we'll just keep updating. Now that we can sit down and been actually with the teams in more detail, that's usually what we can really sharpen the pencil and really look at what else we can do. And we'll be doing that over the next few months.
So I'm highly confident we'll get that amount. And we'll -- yes, we've always been in the past, let me just say that.
Chris Parkinson -- Mizuho -- Analyst
Understood. And just as a quick follow-up, just shifting to the macro. Your team has done a fairly good job just driving pricing, controlling the raw materials, as you highlighted, at least the $100 million, ex M&M, but also transportation logistics headwinds. So based on what you're seeing right here, right now, as we're already in the fourth quarter, just what should we think about the pricing algorithm versus raws, as well as transportation logistics heading into '22 and '23? I mean, is there any expectation that we get -- if we do, in fact, receive relief, you will get a structural margin uplift in certain businesses? Thank you.
Ed Breen -- Chief Executive Officer
Well, most of that would be in the M&M business. So you try to hold price as long as you can, right, when raws come down, so you might get some benefit there. But I would say, over a more intermediate time they would track each other. So you wouldn't have a margin problem.
But if raws did come down significantly, you'd give up some price, but you hold it as long as you could. The logistics issues, I don't think are getting any better out there. I think global force majeures did get better, as we said. So the raw material supplies into M&M has substantially improved, which is great.
And we're able to catch up a little bit last quarter with our customers in orders we couldn't ship in the first and second quarter. But we're looking right now at additional surcharges on freight because that has continued to go up, especially ocean freight and all that. So I don't think we'll probably are going to do some here. We actually have a meeting in the next couple of days where we're going to do a surcharge instead of a price increase on the actual product itself.
So people now, look, we're just passing this on because of the freight increases. So we want to be positioned well going into 2022.
Operator
Your next question comes from the line of John Roberts from UBS. Your line is now open.
John Roberts -- UBS Investment Bank -- Analyst
Thank you. I have two questions. Your 2022 Rogers EBITDA estimate is 10% above consensus. Is there any significant new product or development that you uncovered in your due diligence?
Lori Koch -- Chief Financial Officer
Yes. So we estimated $270 for next year. So the largest incremental growth release is coming from the top line. And so you've got the benefit from -- they had made a small acquisition of a silicone engineering that they just announced recently, so you have the benefit of that, as well as about mid-teens growth from an organic perspective, really coming from the strength in the pipeline that Jon had highlighted earlier.
So about 30% of their revenue is in advanced mobility, which is ADAS, which is growing kind of in the mid-teens, and then battery, which gets upwards of 20% plus. And then finally, they did have a fire at one of their facilities in Asia, so we're expecting recovery there, incremental 2022 over 2021. So those are really the key drivers of the top line that are dropping to the bottom line and giving us that confidence that we'll get to $270 next year.
John Roberts -- UBS Investment Bank -- Analyst
And then, don't take this the wrong way, Ed, but this seems to set up an endgame for DuPont and you stepped back once from the CEO role. Do these transactions focus DuPont enough that you might consider stepping back again?
Ed Breen -- Chief Executive Officer
No.
John Roberts -- UBS Investment Bank -- Analyst
Thanks.
Operator
Your next question comes from the line of PJ Juvekar from Citi. Your line is now open.
PJ Juvekar -- Citi -- Analyst
Yes. Hi. Good morning, Ed and Lori.
Ed Breen -- Chief Executive Officer
Good morning.
Lori Koch -- Chief Financial Officer
Good morning.
PJ Juvekar -- Citi -- Analyst
Yeah. Wondering if you can talk about your volume growth in China. I'm wondering if you've seen any weakness related to housing and construction activities as we've been reading some headlines here. Can you just talk about the big picture there?
Lori Koch -- Chief Financial Officer
Yeah. So really, the only pullback that we potentially will see in China in the fourth quarter. So in the third quarter, organic growth in China was about 11%. That put us in the low 20% year to date.
And in the fourth quarter right now, we're expecting high single-digit growth in China organically. So the sequential deceleration is really just a reflection of the semiconductor shortage that we highlighted earlier impacting primarily our auto sales, less so our electronic sales. And then that timing shift that we've been highlighting around the timing of the smartphone deliveries that favor the first half. So I would say no overall structural change.
Our expectations of being up organically 7% in the fourth quarter is ahead of where GDP is expected to be right now for China as well, so we'll continue to outpace.
Ed Breen -- Chief Executive Officer
Yes. And Our exposure on in kind of the house and commercial sector in China is minimal. That's a bigger business for us on the residential side in North America. So really no impact there.
PJ Juvekar -- Citi -- Analyst
OK. Thank you. And then clearly, Rogers is a high-growth company in areas, such as EVs and wireless infrastructure. And I know you're frustrated with your own multiple, I can hear that in your voice.
But maybe you can talk about your thoughts on how did you triangulate on the multiple of 19 times 2022 EBITDA for Rogers and just your overall thoughts there.
Ed Breen -- Chief Executive Officer
Yes, sure. So look, the 19 times, I would never do a stand-alone in 19 times, I can tell you that. But we comfortably have it down to 13.6 times with the synergies we know we can get in, as I said a minute ago. Hopefully, we can get some upside to that.
So anyway, I feel very comfortable by it. This is a very high-quality company. And one of the things Jon and I and Lori we love about it, it really is high in technology expertise, their scientists, the products they develop are on the cutting-edge, it's exactly what DuPont does. So the barriers around that that we like.
And it's always to our existing end customers and it also expands some markets where we think we can leverage our products, as Jon said, into these other markets. So it's just -- it's a very high-quality asset. Again, we've watched it for years and seriously for three years. And the beauty about this, the 13.6 times, we feel like they, with the funnel they have, they're on the cusp of some real secular growth areas that we're getting in on early with them.
By the way, we feel like we did that with Laird and we were already seeing it in the performance of Laird. They're nicely outperforming. What we said -- we have literally bought Laird now. If you just use the numbers they're running at this year, we bought Laird at 10x.
I think when we announced it, we said it was 11 times. And the performance we're going to end the year out of Laird has already brought that down to 10x. So -- and that, again, a very high-quality asset we got at a great price. We think we're right at that point with Rogers, with the secular growth areas on ADAS is growing 15%, EVs are growing 30%, just to name the auto industry, and Rogers is very well-positioned there.
And these things are just beginning to really ramp.
Operator
Your next question comes from the line of Aleksey Yefremov from KeyBanc. Your line is now open.
Aleksey Yefremov -- KeyBanc Capital Markets -- Analyst
Thank you. Good morning, everyone. Ed and Lori, I would agree that end markets are very attractive for Rogers and the products look strong, but margins are lower than DuPont's legacy electronics business. In your due diligence, how did you think about that in terms of maybe technological differentiation barriers to entry or opportunities for improvement?
Jon Kemp -- President of Electronics and Industrial
Yeah. Alex, I'll go ahead and take that one. You get kind of -- the way to think about it is you got two-thirds of the portfolio with established products that have very attractive margin profiles that closely match the types of things that we have in the rest of the portfolio. And then you've got kind of one-third that is in that power electronics space that is really just starting to scale up based on the EV.
It's great technology with a differentiated position. It has a slightly smaller margin profile today as the volumes are starting to scale up for those applications. As we add the volume in, the margins drift up nicely. And then you layer synergies on top of that, and you'll have a really solid, very attractive margin profile for the overall business.
Aleksey Yefremov -- KeyBanc Capital Markets -- Analyst
Thank you. And a quick follow-up. On supply constraints in mobility, supply of raw materials, if 100% is completely normal supply and maybe 0% as the worst point of the shortages, where do you think you would be in fourth quarter and first half of '22?
Lori Koch -- Chief Financial Officer
Yes. So the raw material constraints have really basically alleviated. So compared to where we were in the first half with the freeze in Texas, we're light-years beyond that. So everything is generally back to normal with respect to raw material supply.
What we're -- what we're facing right now is really just the semiconductor shortage impacting the OEMs that are pushing lower demand back to us. And so once we can resolve the semiconductor shortage challenge probably some time into mid next year, you'll get back to a more normal environment. So it's really not raw, it's really just the semi shortage.
Operator
Your next question comes from the line of Mike Sison from Wells Fargo. Your line is now open.
Mike Sison -- Wells Fargo Securities -- Analyst
Hey, Good morning. Nice transaction, a couple of transactions, I guess. But it might be a little bit early, but when I think about '23 EBITDA, you take what you're going to do this year in '21, minus $1 billion for M&M, plus Rogers, plus synergy, and I assume we get pretty good growth, right, over the next couple of years. Is kind of the base case for '23 to look like '21, if not a lot higher? Well, maybe not a lot higher, but certainly the possibility of '23 EBITDA could be higher than '21.
Ed Breen -- Chief Executive Officer
Yeah. I don't know want to answer something out of '23. But look, I think we've teed up a portfolio, as we said, it's going to be higher growth and very little volatility in it. So it also depends if we do another acquisition or we do more share repurchase.
It depends upon that also because I think back to Steve Tusa's comments, there's some billions of dollars sitting here at the end of 2022. So depends how we redeploy that to create shareholder value also. So there's still some big moving pieces. But again, we expect nice growth in '22 in the core new portfolio, and we expect nice growth in 2023.
As Lori had mentioned, 40% of the portfolio is clearly nicely growing, way nicer than GDP, because there are any secular growth areas. You take our Water business, you take pretty much the whole E&I sector into account there, just to name two of them. And with the Laird now in there and the Rogers in there, you get a nice part of our portfolio growing at a nice clip.
Mike Sison -- Wells Fargo Securities -- Analyst
Got it. And as a quick follow-up. I understand the potential to be compared to the multi-industrial folks. The portfolio is going to be little more simplistic to major businesses.
But DuPont tends to be put into chemical indexes for the major funds. So will this -- will these transactions either move from an SIC code or something like that to an industrial code, where I think you can get a little bit more attention for the comps that you want to be compared to?
Ed Breen -- Chief Executive Officer
Well, first of all, the comps, by the way, they really are good comps because if you take the broad bucket of multi-industrials, the end markets we're in are all the key end markets a lot of the other multi-industrial. So we're not drifting off of something else here that's different. In fact, I would say the one thing that was different actually from the compare group was more evident, that was probably most people are leaning more toward the chemical industry and not the multi-industrial, but the portfolio now lines up end market very, very well. So look, we'll work that issue on the multi-industrial over time.
We kind of put an action plan together on it. We need our investors to focus on that. We need to talk to the right people, at the right funds within the big companies that invest in us, and we'll work that issue. But I think over time, we will get compared.
I mean, we benchmark really nice against that group.
Operator
Your final question comes from the line of Arun Viswanathan from RBC Capital Markets. Your line is now open.
Arun Viswanathan -- RBC Capital Markets -- Analyst
Great. Thanks for taking my question. I guess two questions. So first off, on the Q2 '22 expected close, is that a little bit later than you expect? Is there any regulatory issues that you expect through this process? And similarly, for October '22 for the divestitures, that also seems like a ways away.
Are you just building in some extra cushion there?
Ed Breen -- Chief Executive Officer
The 2020 -- so the closing of Rogers deal, I don't see any issues. We've obviously studied the antitrust extremely deeply, so I don't see any issues there. Could that close a little bit sooner? It could. But we're just targeting the second quarter to be safe.
Could be a little faster. I don't think M&M will be faster than October 1 because the long pole in the tent is more of the work we have to do internally at DuPont to separate it. So we'll announce a sale to somebody way sooner than October 1, but we won't be able to actually separate it out of the company until that point in time.
Arun Viswanathan -- RBC Capital Markets -- Analyst
OK. Thanks. And as a follow-up, you've clearly been on a path to move toward higher-growth, higher-margin businesses in the hopes of getting some multiple uplift. What can you do to accelerate that if that's not shown in the market? Will you continue to march down this path of separation and streamlining? Is there -- it looks like there's more announcements coming potentially in Water.
Is that the next area of growth that we should think about?
Ed Breen -- Chief Executive Officer
Well, by the way, we're down to these flat five platforms that we mentioned. So it could come really in any of those platforms. We [indiscernible] decide that. We'd love that in our Water space.
We'd love it in 5 single-digit growth rate, I think, in the sector along for many, many years. And it's a global issue, which we helps solve for people. So we do like that space. Look, let's see how this year goes.
I'm highly confident people will recognize what's in this portfolio. I will also add, I think, which would be very helpful for everybody, we started doing the teach-in, Jon did one on semiconductor a month or so ago. We have one coming up here shortly And we're going to walk you through every key piece of the portfolio. And I think it will really highlight the value.
But internally here, like I just -- I'll use two companies we have, Vespel and Kalrez, and I don't think anyone has a clue what those businesses are like and how awesome they are and how good and the growth trends in those businesses. So just to name two that we didn't even talk about today. So I think the teach-ins will be very, very powerful in people to see what we have and the value and the technology that we have in the company. And I think that's going to be helpful also.
Pat Fitzgerald -- Head of Investor Relations
Thanks, Ed. Thanks, everyone, for joining our call. For your reference, a copy of our transcript will be posted on DuPont's website. This concludes our call.
Duration: 89 minutes
Call participants:
Pat Fitzgerald -- Head of Investor Relations
Ed Breen -- Chief Executive Officer
Lori Koch -- Chief Financial Officer
Scott Davis -- Melius Research -- Analyst
Steve Tusa -- J.P. Morgan -- Analyst
John Walsh -- Credit Suisse -- Analyst
Steve Byrne -- Bank of America Merrill Lynch -- Analyst
Jon Kemp -- President of Electronics and Industrial
David Begleiter -- Deutsche Bank -- Analyst
Vincent Andrews -- Morgan Stanley -- Analyst
John McNulty -- BMO Capital Markets -- Analyst
Chris Parkinson -- Mizuho -- Analyst
John Roberts -- UBS Investment Bank -- Analyst
PJ Juvekar -- Citi -- Analyst
Aleksey Yefremov -- KeyBanc Capital Markets -- Analyst
Mike Sison -- Wells Fargo Securities -- Analyst
Arun Viswanathan -- RBC Capital Markets -- Analyst
More DD analysis
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This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
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DuPont (NYSE: DD) Q3 2021 Earnings Call Nov 02, 2021, 8:00 a.m. In addition to our excellent quarterly results, I am pleased by the opportunity today to talk about two significant strategic news we are making to further strengthen our portfolio and deliver long-term value for our shareholders. In addition to focusing the portfolio, these strategic actions will accelerate our top-line growth, operating EBITDA margins, and significantly improve our earnings stability.
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Duration: 89 minutes Call participants: Pat Fitzgerald -- Head of Investor Relations Ed Breen -- Chief Executive Officer Lori Koch -- Chief Financial Officer Scott Davis -- Melius Research -- Analyst Steve Tusa -- J.P. Morgan -- Analyst John Walsh -- Credit Suisse -- Analyst Steve Byrne -- Bank of America Merrill Lynch -- Analyst Jon Kemp -- President of Electronics and Industrial David Begleiter -- Deutsche Bank -- Analyst Vincent Andrews -- Morgan Stanley -- Analyst John McNulty -- BMO Capital Markets -- Analyst Chris Parkinson -- Mizuho -- Analyst John Roberts -- UBS Investment Bank -- Analyst PJ Juvekar -- Citi -- Analyst Aleksey Yefremov -- KeyBanc Capital Markets -- Analyst Mike Sison -- Wells Fargo Securities -- Analyst Arun Viswanathan -- RBC Capital Markets -- Analyst More DD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. DuPont (NYSE: DD) Q3 2021 Earnings Call Nov 02, 2021, 8:00 a.m. In addition to our excellent quarterly results, I am pleased by the opportunity today to talk about two significant strategic news we are making to further strengthen our portfolio and deliver long-term value for our shareholders.
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Duration: 89 minutes Call participants: Pat Fitzgerald -- Head of Investor Relations Ed Breen -- Chief Executive Officer Lori Koch -- Chief Financial Officer Scott Davis -- Melius Research -- Analyst Steve Tusa -- J.P. Morgan -- Analyst John Walsh -- Credit Suisse -- Analyst Steve Byrne -- Bank of America Merrill Lynch -- Analyst Jon Kemp -- President of Electronics and Industrial David Begleiter -- Deutsche Bank -- Analyst Vincent Andrews -- Morgan Stanley -- Analyst John McNulty -- BMO Capital Markets -- Analyst Chris Parkinson -- Mizuho -- Analyst John Roberts -- UBS Investment Bank -- Analyst PJ Juvekar -- Citi -- Analyst Aleksey Yefremov -- KeyBanc Capital Markets -- Analyst Mike Sison -- Wells Fargo Securities -- Analyst Arun Viswanathan -- RBC Capital Markets -- Analyst More DD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. DuPont (NYSE: DD) Q3 2021 Earnings Call Nov 02, 2021, 8:00 a.m. In addition to our excellent quarterly results, I am pleased by the opportunity today to talk about two significant strategic news we are making to further strengthen our portfolio and deliver long-term value for our shareholders.
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Ed Breen -- Chief Executive Officer Steve, I'll just add overall for DuPont to your line of question, we've highlighted to you that we've had over $400 million of raw material inflation this year. Duration: 89 minutes Call participants: Pat Fitzgerald -- Head of Investor Relations Ed Breen -- Chief Executive Officer Lori Koch -- Chief Financial Officer Scott Davis -- Melius Research -- Analyst Steve Tusa -- J.P. Morgan -- Analyst John Walsh -- Credit Suisse -- Analyst Steve Byrne -- Bank of America Merrill Lynch -- Analyst Jon Kemp -- President of Electronics and Industrial David Begleiter -- Deutsche Bank -- Analyst Vincent Andrews -- Morgan Stanley -- Analyst John McNulty -- BMO Capital Markets -- Analyst Chris Parkinson -- Mizuho -- Analyst John Roberts -- UBS Investment Bank -- Analyst PJ Juvekar -- Citi -- Analyst Aleksey Yefremov -- KeyBanc Capital Markets -- Analyst Mike Sison -- Wells Fargo Securities -- Analyst Arun Viswanathan -- RBC Capital Markets -- Analyst More DD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. DuPont (NYSE: DD) Q3 2021 Earnings Call Nov 02, 2021, 8:00 a.m.
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