Is E I Du Pont De Nemours And Co (DD) A Good Stock To Buy?

Seeing as E I Du Pont De Nemours And Co (NYSE:DD) has registered no change in interest from the aggregate hedge fund industry, it’s important to take a look at the hedgies that slashed their full holdings last quarter. Interestingly, Doug Silverman and Alexander Klabin’s Senator Investment Group dropped the biggest stake of all the hedgies followed by Insider Monkey, comprising close to $13 million in stock, and Clint Carlson’s Carlson Capital was right behind this move, as the fund dropped about $11.3 million worth of shares. These transactions are intriguing to say the least, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s now take a look at hedge fund activity in other stocks similar to E I Du Pont De Nemours And Co (NYSE:DD). These stocks are Banco Santander, S.A. (ADR) (NYSE:SAN), Itau Unibanco Holding SA (ADR) (NYSE:ITUB), BlackRock, Inc. (NYSE:BLK), and The Dow Chemical Company (NYSE:DOW). This group of stocks’ market values match DD’s market value.

As you can see these stocks had an average of 29 hedge funds with bullish positions and the average amount invested in these stocks was $1.01 billion. That figure was $3.46 billion in DD’s case. The Dow Chemical Company (NYSE:DOW) is the most popular stock in this table. On the other hand Banco Santander, S.A. (ADR) (NYSE:SAN) is the least popular one with only 16 bullish hedge fund positions. E I Du Pont De Nemours And Co (NYSE:DD) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard DOW might be a better candidate to consider a long position.

Disclosure: none.