Confluence Investment Management buys $51,833,434 stake in E I Du Pont De Nemours And Co (DD)

E I Du Pont De Nemours And Co (DD) : Confluence Investment Management scooped up 22,076 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 Jul 26, 2016. The investment management firm now holds a total of 749,905 shares of E I Du Pont De Nemours And Co which is valued at $51,833,434.E I Du Pont De Nemours And Co makes up approximately 1.39% of Confluence Investment Management’s portfolio.

Other Hedge Funds, Including , Newsquare Capital reduced its stake in DD by selling 118 shares or 10.26% in the most recent quarter. The Hedge Fund company now holds 1,032 shares of DD which is valued at $71,332. E I Du Pont De Nemours And Co makes up approx 0.02% of Newsquare Capital’s portfolio.Laurel Grove Capital reduced its stake in DD by selling 9,262 shares or 29.44% in the most recent quarter. The Hedge Fund company now holds 22,200 shares of DD which is valued at $1,519,146. E I Du Pont De Nemours And Co makes up approx 0.89% of Laurel Grove Capital’s portfolio.Gateway Investment Advisers reduced its stake in DD by selling 21,100 shares or 3.1% in the most recent quarter. The Hedge Fund company now holds 658,487 shares of DD which is valued at $43,519,406. E I Du Pont De Nemours And Co makes up approx 0.36% of Gateway Investment Advisers’s portfolio.

E I Du Pont De Nemours And Co closed down -0.07 points or -0.10% at $69.17 with 21,99,967 shares getting traded on Friday. Post opening the session at $69.17, the shares hit an intraday low of $68.96 and an intraday high of $69.6 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, E I Du Pont De Nemours And Co reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.10. The company had revenue of $7061.00 million for the quarter, compared to analysts expectations of $6979.50 million. The company’s revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.18 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 JP Morgan to ” Neutral” on Jun 28, 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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