Trian Fund Management Lowers stake in E I Du Pont De Nemours And Co (DD)

E I Du Pont De Nemours And Co (DD) : Trian Fund Management reduced its stake in E I Du Pont De Nemours And Co by 9.3% during the most recent quarter end. The investment management company now holds a total of 17,450,891 shares of E I Du Pont De Nemours And Co which is valued at $1,205,333,041 after selling 1,788,488 shares in E I Du Pont De Nemours And Co , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.E I Du Pont De Nemours And Co makes up approximately 11.33% of Trian Fund Management’s portfolio.

Other Hedge Funds, Including , Geneva Advisors reduced its stake in DD by selling 201 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 45,920 shares of DD which is valued at $3,227,258. E I Du Pont De Nemours And Co makes up approx 0.06% of Geneva Advisors’s portfolio.Mn Services Vermogensbeheer B.v. boosted its stake in DD in the latest quarter, The investment management firm added 455 additional shares and now holds a total of 22,598 shares of E I Du Pont De Nemours And Co which is valued at $1,570,787. E I Du Pont De Nemours And Co makes up approx 0.32% of Mn Services Vermogensbeheer B.v.’s portfolio.

E I Du Pont De Nemours And Co closed down -0.33 points or -0.48% at $68.84 with 18,42,077 shares getting traded on Monday. Post opening the session at $69.02, the shares hit an intraday low of $68.46 and an intraday high of $69.0725 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, E I Du Pont De Nemours And Co reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $0.21. The company had revenue of $4917.00 million for the quarter, compared to analysts expectations of $4845.32 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 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 Initiated by Nomura to “Buy” on Oct 19, 2016. E I Du Pont De Nemours And Co was Upgraded by Citigroup to ” Buy” on Oct 3, 2016.

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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