Trian Fund Management buys $1,288.7 Million stake in E I Du Pont De Nemours And Co (DD)

E I Du Pont De Nemours And Co (DD) : Trian Fund Management scooped up 261,187 additional shares in E I Du Pont De Nemours And Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 20,485,262 shares of E I Du Pont De Nemours And Co which is valued at $1,288.7 Million.E I Du Pont De Nemours And Co makes up approximately 12.11% of Trian Fund Management’s portfolio.

Other Hedge Funds, Including , Caisse De Depot Et Placement Du Quebec reduced its stake in DD by selling 65,145 shares or 89.73% in the most recent quarter. The Hedge Fund company now holds 7,455 shares of DD which is valued at $468,994.Berkeley Capital Partners boosted its stake in DD in the latest quarter, The investment management firm added 656 additional shares and now holds a total of 6,299 shares of E I Du Pont De Nemours And Co which is valued at $396,270. E I Du Pont De Nemours And Co makes up approx 0.28% of Berkeley Capital Partners’s portfolio.Nbt Bank N A Ny reduced its stake in DD by selling 2,077 shares or 2.39% in the most recent quarter. The Hedge Fund company now holds 84,734 shares of DD which is valued at $5.3 Million. E I Du Pont De Nemours And Co makes up approx 0.94% of Nbt Bank N A Ny’s portfolio.Duff Phelps Investment Management Co reduced its stake in DD by selling 3,280 shares or 22.0% in the most recent quarter. The Hedge Fund company now holds 11,630 shares of DD which is valued at $747,344. E I Du Pont De Nemours And Co makes up approx 0.01% of Duff Phelps Investment Management Co’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in DD by selling 257,751 shares or 56.25% in the most recent quarter. The Hedge Fund company now holds 200,470 shares of DD which is valued at $13.2 Million. E I Du Pont De Nemours And Co makes up approx 0.11% of Public Employees Retirement Association Of Colorado’s portfolio.

E I Du Pont De Nemours And Co opened for trading at $67.93 and hit $68.79 on the upside on Wednesday, eventually ending the session at $68.23, with a gain of 0.46% or 0.31 points. The heightened volatility saw the trading volume jump to 62,67,761 shares. Company has a market cap of $59,600 M.

On the company’s financial health, E I Du Pont De Nemours And Co reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $0.26. The company had revenue of $5299.00 million for the quarter, compared to analysts expectations of $5312.69 million. The company’s revenue was down -9.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.71 EPS.

Many Wall Street Analysts have commented on E I Du Pont De Nemours And Co. E I Du Pont De Nemours And Co was Downgraded by Credit Agricole to ” Underperform” on Apr 27, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 71 from a previous price target of $62 .

E. I. du Pont de Nemours and Company (DuPont) is a science and technology-based company. The Company’s subsidiaries and affiliates conduct manufacturing seed production or selling activities and distribute products manufactured by the Company. The Company’s segments include Agriculture Electronics & Communications Industrial Biosciences Nutrition & Health Performance Materials and Safety & Protection. The Company’s other business operations include various embryonic businesses such as pre-commercial programs and non-aligned businesses. DuPont conducts research and development (R&D) programs across multiple fields including biology chemistry engineering and materials science. The Company’s brands include Pioneer DuPont Teflon Capstone Opteon yf Isceon Suva Vazo Vertrel Virkon Viton Zyron and Bynel coextrudable adhesive resins Elvax EVA resins DuPont Kevlar Nomex and Tyvek.

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