Published on 7 Dec 2021 on Insider Monkey via Yahoo Finance

Should I Avoid DuPont de Nemours Inc (DD)?

In this article we will take a look at whether hedge funds think DuPont de Nemours Inc (NYSE:DD) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically outperformed the market after adjusting for known risk factors.

DuPont de Nemours Inc (NYSE:DD) investors should pay attention to a decrease in enthusiasm from smart money recently. DuPont de Nemours Inc (NYSE:DD) was in 51 hedge funds' portfolios at the end of September. The all time high for this statistic is 82. There were 57 hedge funds in our database with DD positions at the end of the second quarter. Our calculations also showed that DD isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings).

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium prices have more than doubled over the past year, so we go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. With all of this in mind let's review the fresh hedge fund action surrounding DuPont de Nemours Inc (NYSE:DD).