Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

DuPont (DD) Scoops Up Desalitech, Strengthens Portfolio

Published 12/12/2019, 06:05 AM
Updated 07/09/2023, 06:31 AM

DuPont de Nemours, Inc. (NYSE:DD) has agreed to purchase closed circuit reverse osmosis company, Desalitech Ltd for an undisclosed price. The financial terms of the deal were not divulged.

DuPont is a leading player in water purification and separation technology that includes ultrafiltration, reverse osmosis and ion exchange resins. The company noted that the acquisition reinforces its strategy of offering a strong portfolio of technologies to address its customers' current and future challenges.

Desalitech along with other acquisitions announced this year are expected to allow DuPont to boost growth and innovation through access to new manufacturing capabilities, geographies and technologies

Desalitech's patented and unique process technology strengthens DuPont's portfolio with a compelling offering to further minimize the lifecycle cost of water purification and reuse.

The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in January 2020.

DuPont’s shares are down 12.5% over the past three months, compared with the 1.2% rise recorded by the industry.


DuPont, in October, narrowed its adjusted earnings per share guidance to the range of $3.77-$3.82 for 2019 from its prior view of $3.75-$3.85. The company continues to see organic sales for the year to be modestly down from last year.

The company is gaining from its cost and productivity actions, investment in innovation and new product development amid certain headwinds including a weak demand environment. Weak demand is expected to affect the company’s full-year organic sales.

Stocks to Consider

Some better-ranked stocks worth considering in the basic materials space include Kirkland Lake Gold Ltd. (TSX:KL) , Agnico Eagle Mines Limited (NYSE:AEM) and Franco-Nevada Corporation (TSX:FNV) .

Kirkland Lake Gold has projected earnings growth rate of 97.1% for the current year and sports a Zacks Rank #1 (Strong Buy). The company’s shares have surged around 69% in a year’s time. You can see the complete list of today’s Zacks #1 Rank stocks here.

Agnico Eagle has a projected earnings growth rate of 167.9% for the current year and carries a Zacks Rank #2 (Buy). The company’s shares have rallied roughly 52% in a year’s time.

Franco-Nevada has estimated earnings growth rate of 45.3% for the current year and carries a Zacks Rank #2. The company’s shares have shot up roughly 35% in a year’s time.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>



DuPont de Nemours, Inc. (DD): Free Stock Analysis Report

Franco-Nevada Corporation (FNV): Free Stock Analysis Report

Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report

Kirkland Lake Gold Ltd. (KL): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.