Jim Cramer’s Charitable Trust plans to reduce its DuPont position before the company reports quarterly results, a move that would lower the stock’s share of the trust’s portfolio, CNBC reported Monday.
CNBC’s Investing Club said the trust intended to sell 58 shares at about $143 apiece. If completed, the order would leave it with 450 shares and cut DuPont’s portfolio weight to 1.65% from 1.85%.
CNBC described the planned reduction as a partial offset to the trust’s Boeing purchase earlier Monday. The proposed DuPont sale would represent an estimated gain of about 48% on shares the trust acquired in August 2023, CNBC said.
DuPont shares had risen about 10% since the end of September and were up roughly 18% for the year, according to CNBC. The outlet said the stock was nearing its August highs but remained about $12 below its 2026 peak. CNBC attributed part of the recovery to investors rotating away from companies with greater exposure to data-center construction.
DuPont shares had also gained about 36% since the company separated its electronics business, Qnity Electronics, nearly a year earlier, CNBC reported. The outlet said the trust was looking to earnings for a potential next catalyst but did not make a call on the results. CNBC also cited a risk that Middle East disruptions could delay several large clean-water technology projects and add uncertainty to earnings, as in the previous quarter. CNBC reported DuPont was scheduled to release results before U.S. markets opened Tuesday.
