Why is DuPont stock falling?
Materials giant DuPont pre-announced fourth-quarter results and provided financial guidance for the first quarter. The numbers weren't good. A weakening Chinese economy and inventory destocking are to blame.
DuPont (DD) shares plunged Wednesday after the chemical conglomerate issued a profit warning, citing a slump in volumes due to weak demand in China.
Is DuPont de Nemours stock a Buy, Sell or Hold? DuPont de Nemours stock has received a consensus rating of buy. The average rating score is and is based on 36 buy ratings, 24 hold ratings, and 1 sell ratings.
DuPont de Nemours is forecast to grow earnings and revenue by 29% and 3.6% per annum respectively. EPS is expected to grow by 31.2% per annum. Return on equity is forecast to be 7.9% in 3 years.
Big PFAS suits brought in recent years by consumers have been settled before they went to trial. DuPont has paid at least $400 million in settlements related to the chemicals so far. But with scores of PFAS lawsuits still pending against DuPont, potential liabilities are ballooning.
“DuPont and Chemours have produced, marketed and profited from PFAS for decades, contributing to a global toxic contamination problem”, the experts said.
Top Shareholders
The Vanguard Group, Inc. BlackRock, Inc.
Beginning today, DowDuPont will start trading on the New York Stock Exchange under the stock ticker symbol “DWDP.” Pursuant to the merger agreement, Dow shareholders received a fixed exchange ratio of 1.00 share of DowDuPont for each Dow share, and DuPont shareholders received a fixed exchange ratio of 1.282 shares of ...
WILMINGTON, Del., November 1, 2022 – DuPont (NYSE:DD) today completed the previously announced divestiture of the majority of its former Mobility & Materials segment (the “M&M Business” or the “M&M Divestiture”) to Celanese for a purchase price of $11 billion in cash, subject to customary transaction adjustments in ...
Is DuPont a good long term investment?
That means DuPont is likely a best fit for long-term oriented value investors who are not worried by short-term volatility or even necessarily timing the market.
DuPont de Nemours is not owned by hedge funds. The Vanguard Group, Inc. is currently the company's largest shareholder with 8.0% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 6.5% of common stock, and State Street Global Advisors, Inc.
DuPont is one of the world's largest producers of chemicals and science-based products. In 2017, the company merged with Dow Chemical, forming a new company called DowDuPont (DWDP), which DuPont continues to operate as a subsidiary.
Teflon is made by Chemours, a chemical manufacturer that was spun out of DuPont in 2015. At that time, many investors thought Chemours was destined—even designed—to fail. It was weighted down with both DuPont's environmental liabilities and billions in debt.
DALLAS --(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced the signing of a definitive agreement to acquire a majority1 of the Mobility & Materials (“M&M”) business of DuPont for $11.0 billion in cash.
A 1961 DuPont study found that Teflon exposure led to liver enlargement in rats, with the in-house scientist recommending that the material should be handled “with extreme care” and that “contact with the skin should be strictly avoided.” In 1970, researchers at the Washington Works plant found that C8—or PFOA and PFOS ...
Key Takeaways. DuPont is one of the world's largest producers of chemicals and science-based products. In 2017, the company merged with Dow Chemical, forming a new company called DowDuPont (DWDP), of which DuPont continues to operate as a subsidiary.
In one class action lawsuit settled in 2005, DuPont agreed to provide up to $235 million for medical monitoring of over 70,000 people. There have been numerous individual lawsuits from victims of PFOA-related diseases. In February 2017, DuPont settled over 3,550 lawsuits for $671 million.
On Monday 6 November 2023, the LCGB trade union reported that DuPont de Nemours is planning to cut 3% of its workforce as part of a global cost reduction plan.
DuPont's top competitors include INEOS, DSM, and Plantee Bioplastics. INEOS operates as a global chemical company with interests in chemicals, polymers, and oil and gas. The company includes the production of raw materials for various sec…
Are the du Pont family still rich?
The du Pont family, known for owning the DuPont Co., has made the recent Forbes list highlighting some of the most affluent families in the United States for 2024. With a net worth of $18.1 billion, the du Ponts came in at No.
DuPont de Nemours is not owned by hedge funds. Our data shows that The Vanguard Group, Inc. is the largest shareholder with 12% of shares outstanding. With 7.3% and 5.3% of the shares outstanding respectively, BlackRock, Inc. and Massachusetts Financial Services Company are the second and third largest shareholders.
September 30, 1981 - DuPont acquires Conoco, attaining 100% of Conoco's stock in a transaction worth about $7.4 billion - the largest merger in U.S. history at the time.
Did the company change its name? Yes, we changed it to DuPont de Nemours, Inc. We made the change following the Dow and Corteva Distributions in alignment with our identity as a separate company that is a premier innovation provider of value-added specialized solutions that transform industries and everyday life.
In 2016, Dow bought out Corning, making Dow Corning a 100% Dow subsidiary. After a brief existence as a DowDuPont-owned company, Dow spun out from DowDuPont on April 1, 2019.
