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Jim Cramer has been a fan of this stock for quite some time. However, he's just found another reason to buy, and it's a big one.
Nelson Peltz has publicly urged DuPont to split itself up.
, Trian, the hedge fund run by Peltz, said that although it embraced the spinoff of the company's performance-chemicals business, detailed by CEO Ellen Kullman on "Mad Money, " more needed to be done.
"We can no longer be silent as DuPont continues to struggle to execute what we are convinced is a flawed business plan, especially as we have a solution that we believe could double the value of DuPont's shares over the next three years," Trian wrote in the letter. "DuPont's conglomerate structure is destroying value."
Trian says it hold a $1.6 billion stake in the company.
Although developments may seem somewhat mundane, they excite Cramer, because if any billionaire can unlock value, it's Peltz.
"As part of my research for my new book 'Get Rich Carefully' I studied every big name activist to see if investors could make money piggy-backing their moves, " Cramer explained. And typically the research found it didn't pay; although there were some gains, they weren't any better than the broad S&P 500.
"However, there was one exception—activist investor Nelson Peltz.. How would you have done buying Wendy's after Peltz announced his involvement? How about 97 percent versus a 44 percent gain for the S&P, " Cramer added. The Mad Money host said the returns were equally impressive after Peltz took positions in Ingersoll-Rand and Legg Mason.
Therefore, even though shares of Dupont have rallied 220 percent since year-end 2008, versus just 144 percent for the S&P 500, Cramer thinks Peltz is such a shrewd activist, there's significantly more upside to come.
"Peltz is an excellent judge of companies; good things happen when he gets long and loud," Cramer said, and pros knows it. And although Peltz first established his stake in DuPont over a year ago, Cramer says the recent commentary will go a long way on the Street.
Therefore as Peltz makes his intentions public and puts forth specific strategies for DuPont to become more profitable, Cramer believes investors will reward the stock, proportionately.
Read more from Mad Money with Jim Cramer
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"Activists come and go, but the only one who has consistently made you money after he's made his position known is Peltz," Cramer said. "Therefore, if you were to ask me, what do you do with Dupont now that Nelson Peltz' Trian Group has decided to agitate for change? I say the answer is simple; you buy it."
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