Howland Capital Management LLC Decreased Stake in Du Pont E I De Nemours (NYSE:DD) by $3.61 Million as Shares Rose


Howland Capital Management Llc decreased its stake in Du Pont E I De Nemours (NYSE:DD) by 32.62% based on its latest 2016Q2 regulatory filing with the SEC. Howland Capital Management Llc sold 57,260 shares as the company’s stock rose 0.40% with the market. The institutional investor held 118,255 shares of the major chemicals company at the end of 2016Q2, valued at $7.49 million, down from 175,515 at the end of the previous reported quarter. Howland Capital Management Llc who had been investing in Du Pont E I De Nemours for a number of months, seems to be less bullish one the $57.95B market cap company. The stock is down 2.41% or $1.64 after the negative news, hitting $66.53 per share. About 936,272 shares traded hands. E I Du Pont De Nemours And Co (NYSE:DD) has risen 17.23% since February 8, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.

Howland Capital Management Llc, which manages about $1.25 billion and $983.67M US Long portfolio, upped its stake in Cimarex Energy Co (NYSE:XEC) by 40,473 shares to 91,000 shares, valued at $8.85 million in 2016Q2, according to the filing.

Howland Capital Management Llc is a Massachusetts-based institutional investor with more than $1.25 billion AUM in November, 2014. Taken from Howland Capital Management latest Adv, the fund reported to have 28 full and part-time employees. Among which 8 performing investment advisory and research functions. The institutional investor had more than 800 clients.

The institutional sentiment increased to 0.66 in 2016 Q2. Its up 0.04, from 0.62 in 2016Q1. The ratio is positive, as 63 funds sold all DD shares owned while 474 reduced positions. 67 funds bought stakes while 289 increased positions. They now own 608.14 million shares or 1.55% less from 617.73 million shares in 2016Q1.

Highfields Capital Management Lp holds 4.67% of its portfolio in DD for 8.28 million shares. Southeastern Asset Management Inc Tn owns 6.17 million shares or 4.08% of their US portfolio. Moreover, Tsp Capital Management Group Llc has 3.98% invested in the company for 118,466 shares. The Pennsylvania-based Staley Capital Advisers Inc has invested 3.82% in the stock. Bonness Enterprises Inc, a -based fund reported 65,970 shares.

Out of 15 analysts covering E I Du Pont De Nemours And (NYSE:DD), 6 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 40% are positive. E I Du Pont De Nemours And has been the topic of 31 analyst reports since September 21, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock on August 12 with “Sell” rating.

E. I. du Pont de Nemours and Company is a science and technology company. The company has a market cap of $57.95 billion. The Firm consists of over 10 businesses aggregated into six divisions: Agriculture, Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection. It has a 27.3 P/E ratio. The Company’s products include corn hybrids and soybean varieties, herbicides, fungicides and insecticides in Agriculture segment; photopolymers and electronic materials in Electronics & Communications segment; enzymes and bio materials in Industrial Biosciences segment; cultures, emulsifiers, texturants, natural sweeteners and soy food ingredients in Nutrition & Health segment; engineering polymers, packaging and industrial polymers, films and elastomers in Performance Materials segment, and nonwovens, aramids and solid surfaces in Safety & Protection segment.

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