Jim Cramer's Charitable Trust Trims DuPont Position Following Strong Q3 Earnings
Jim Cramer's Charitable Trust has reduced its position in DuPont (DD) by selling 50 shares at approximately $147 per share. This move follows a strong third-quarter earnings report where the company outperformed consensus estimates, reporting adjusted EPS of $2.09 against an expected $1.87 and organic sales growth of 5% year-over-year. The decision to trim the position comes as the stock experienced a post-earnings rally, allowing the Trust to lock in a roughly 58% gain since August 2023. While DuPont demonstrated broad-based growth across its Healthcare, Water, Building Technologies, and Industrial Technology segments—and raised its full-year guidance—the Trust remains cautious regarding the lack of an immediate upcoming catalyst for further significant movement.
Tickers: $DD
Topics: earnings beat guidance raise organic sales growth stock price movement