Here's Why You Should Retain Stanley Black Stock in Your Portfolio for Now

Stanley Black & Decker, Inc. (SWK) has been benefiting from its cost-reduction program, which is expected to aid the bottom line and drive margins. The program comprises a series of initiatives to resize the organization, reduce inventory and optimize the supply chain for pursuing sustainable long-term growth.Since its inception in mid-2022, this program has generated roughly $1.4 billion in pre-tax run-rate savings and reduced inventory by more than$2 billion. SWK expects to generate pre-tax run rate savi ...