We are buying 100 shares of Stanley Black & Decker (SWK), at roughly $88.90 apiece.
Following Tuesday's trade, Jim Cramer's Charitable Trust will own 500 shares of SWK, increasing its weighting to 1.58% from 1.27%.
With the market falling Tuesday afternoon — the S & P 500 was down around 0.27% — we are dipping into our large cash position and putting more money to work by buying up shares of Stanley Black & Decker .
The purchase comes just a day after adding to our position in this industrial-tools-and-household-hardware manufacturer at a similar price.
As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons:
Stanley Black, Decker, Jim Cramer's, Lowe, Lowe's, Stanley –, Stanley, Jim Cramer, Jim, David Paul Morris
Organizations:
Stanley, SWK, CNBC, Bloomberg, Getty
Locations:
U.S, Pleasanton , California