DuPont reported third-quarter results on Tuesday that beat analyst expectations and raised its full-year guidance, and its shares closed almost 9% higher that day. Net sales rose 4% year over year to just under $1.87 billion, above the average analyst estimate of $1.84 billion. GAAP net income from continuing operations jumped 68% to $171 million, and adjusted EPS climbed 62% to $2.09, versus an estimate of $1.86. The company raised its 2026 adjusted EPS guidance to $7.47 to $7.52 from $7.17 to $7.32, and narrowed its net sales outlook to about $7.19 billion from $7.16 billion to $7.19 billion. Strength in healthcare, aerospace and industrial water offset weakness in cyclical businesses, and the author notes the broader market remains weak.
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- We're trimming some more off a stock that's enjoying nice post-earnings gains
Jim Cramer's Charitable Trust sold 50 shares of DuPont (DD) at about $147, reducing its portfolio weighting to about 1.5% from 1.7%. DuPont reported a better-than-expected third quarter, with organic sales up 5% year over year and adjusted EPS of $2.09 versus the $1.87 consensus estimate from LSEG. Growth was broad-based, though Water would have been a couple of points stronger without Middle East disruptions. The company also raised full-year guidance and gave an upbeat fourth-quarter outlook, lifting shares about 4% to around $147 after touching $154 intraday. The commentary says DuPont continues to execute on its post-separation initiatives and generate free cash flow for buybacks, but the next catalyst remains unclear. The trust is realizing a gain of about 58% on shares bought in August 2023.
- We're trimming a rallying industrial stock, looking for its next catalyst post-spinoff
Jim Cramer's Charitable Trust is selling 58 DuPont (DD) shares at roughly $143 each. After Monday's trade, the trust holds 450 DD shares, cutting its portfolio weight to 1.65% from 1.85%. The small trim offsets an earlier Boeing (BA) purchase that day. DuPont shares are up about 10% since late September, helped by rotation out of data center buildout names, but remain about $12 below their 2026 peak and are up about 18% year to date. The author says the simplification story has largely played out a year after the Qnity Electronics separation, with shares up about 36% since the breakup. The sale will realize a gain of roughly 48% on shares bought in August 2023, and the author will watch DuPont's earnings before Tuesday's open.
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