Here's Why You Should Add DuPont Stock to Your Portfolio Now

Core Viewpoint - DuPont de Nemours, Inc. (DD) is experiencing positive momentum driven by innovation, productivity actions, and strategic acquisitions, making it an attractive investment option at this time [1]. Performance Overview - DD's shares have increased by 12% over the past three months and have outperformed the broader chemicals-diversified industry, with a 21.5% rise compared to the industry's 6.1% increase over the past year [1][2]. Earnings Estimates - Earnings estimates for DD have been revised upward, with the Zacks Consensus Estimate for 2024 increasing by 2.7% and for 2025 by 3.1% over the past 60 days, indicating growing investor confidence [3]. Earnings Surprise History - DuPont has consistently outperformed the Zacks Consensus Estimate in the last four quarters, achieving an average earnings surprise of approximately 11.9% [4]. Growth Strategies - The company is focused on growth through innovation and new product development, with investments aimed at high-growth areas and a commitment to driving returns from R&D [5]. Recent Acquisitions - In August 2023, DuPont completed the acquisition of Spectrum Plastics Group for $1.75 billion, enhancing its position in the healthcare market. The buyout of Donatelle Plastics further expands its capabilities in medical device manufacturing [6]. Cost Synergies and Productivity Improvements - DuPont is benefiting from cost synergy savings and productivity improvements, with expected annualized cost savings of $150 million from restructuring actions, nearly $115 million of which is anticipated in 2024 [7]. Strategic Separation Plan - In May 2024, DuPont announced a plan to separate into three publicly traded companies, aiming to unlock shareholder value and enhance operational focus, with each entity expected to maintain strong balance sheets [8]. Zacks Rank and Comparisons - DD currently holds a Zacks Rank 2 (Buy), with other top-ranked stocks in the Basic Materials sector also showing strong performance, such as IAMGOLD Corporation and Eldorado Gold Corporation [9].