E I Du Pont De Nemours And Co (NYSE:DD) investors should pay attention to an increase in support from the world’s most elite money managers of late.
According to Gabe Ortt of Seeking Alpha the company “has been successful in delivering cutting-edge technology to multiple markets. DuPont will invest $10 billion globally in R&D to develop the food, agriculture, and nutrition sectors by the end of 2020.”
Keeping this in mind, we’re going to take a glance at the recent action surrounding E I Du Pont De Nemours And Co (NYSE:DD).
Hedge fund activity in E I Du Pont De Nemours And Co (NYSE:DD)
Heading into Q4, a total of 33 of the hedge funds Insider Monkey tracks were bullish in this stock, a change of 6 percent from the second quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of key hedge fund managers who were upping their holdings meaningfully.
When looking at the hedgies followed by Insider Monkey, Nelson Peltz’s Trian Partners had the biggest position in E I Du Pont De Nemours And Co (NYSE:DD), worth close to $338.4 million, comprising 6.2 percent of its total 13F portfolio. Sitting at the No. 2 spot is Levin Capital Strategies, managed by John A. Levin, which held a $107.9 million position; 1.8 percent of its 13F portfolio is allocated to the stock. Some other peers that are bullish encompass Phill Gross and Robert Atchinson’s Adage Capital Management, and Ken Griffin’s Citadel Investment Group.
Now, key money managers have jumped into E I Du Pont De Nemours And Co (NYSE:DD) headfirst. Moore Global Investments, managed by Louis Bacon, established the most valuable call position in E I Du Pont De Nemours And Co (NYSE:DD). Moore Global Investments had 20.5 million invested in the company at the end of the quarter. Andrew Sandler’s Sandler Capital Management also made a $15.1 million investment in the stock during the quarter. The other funds with new positions in the stock are Paul Marshall and Ian Wace’s Marshall Wace LLP, Daniel S. Och’s OZ Management, and Michael Price’s MFP Investors.
How have insiders been trading E I Du Pont De Nemours And Co (NYSE:DD)?
Insider purchases made by high-level executives is at its handiest when the company in question has seen transactions within the past 180 days. Over the latest half-year time frame, E I Du Pont De Nemours And Co (NYSE:DD) has seen zero unique insiders buying, and five insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to E I Du Pont De Nemours And Co (NYSE:DD). These stocks are FMC Corp (NYSE:FMC), Eastman Chemical Company (NYSE:EMN), Sociedad Quimica y Minera (ADR) (NYSE:SQM), Air Products & Chemicals, Inc. (NYSE:APD), and The Dow Chemical Company (NYSE:DOW). This group of stocks belong to the chemicals – major diversified industry and their market caps match DD’s market cap.
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|FMC Corp (NYSE:FMC)||20||0||1|
|Eastman Chemical Company (NYSE:EMN)||49||0||5|
|Sociedad Quimica y Minera (ADR) (NYSE:SQM)||7||0||0|
|Air Products & Chemicals, Inc. (NYSE:APD)||39||2||7|
|The Dow Chemical Company (NYSE:DOW)||40||0||3|
E I Du Pont De Nemours And Co was the fourth most widely held chemicals – major diversified industry equity among the hedge funds Insider Monkey tracks at the end of Q3.