Add as a preferred source on GoogleJim Cramer’s Charitable Trust Plans 50-Share DuPont Trim
The trade would leave the portfolio with 400 shares and lower DuPont’s weighting to about 1.5% from 1.7%. Shares rose 4% to around $147 after reaching $154 earlier Tuesday.
Jim Cramer’s Charitable Trust plans to sell 50 DuPont shares at about $147 each after the stock rallied on quarterly results, trimming its position as the company reported stronger sales and earnings.
The planned trade would leave the portfolio with 400 shares and reduce DuPont’s weighting to about 1.5% from 1.7%.
DuPont shares rose 4% to around $147 Tuesday after reaching $154 earlier in the session. Organic sales increased 5% from a year earlier, while adjusted earnings per share came in at $2.09, above the $1.87 estimate.
Sales grew in the mid-single digits in Healthcare, Building Technologies and Industrial Technology. Water sales rose in the low-single digits. DuPont also raised its full-year guidance and gave an upbeat fourth-quarter outlook.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.