Stanley Black & Decker Board Update Reinforces Governance Commitment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: PRnewswire
- Board Update: Stanley Black & Decker announced updates to its Board of Directors aimed at enhancing corporate governance and ensuring competitiveness in a rapidly changing market environment.
- Leadership Commitment: The update emphasizes the company's focus on forward-thinking leadership, aiming to drive operational excellence by introducing diverse board members.
- Best Governance Practices: The company is committed to implementing best governance practices to enhance transparency and accountability, thereby boosting investor confidence and market reputation.
- Operational Excellence Drive: By strengthening its board structure, Stanley Black & Decker aims to achieve higher operational efficiency and innovation capabilities in the global tools and outdoor solutions market.
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Analyst Views on SWK
Wall Street analysts forecast SWK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SWK is 84.89 USD with a low forecast of 69.00 USD and a high forecast of 98.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
5 Buy
3 Hold
1 Sell
Moderate Buy
Current: 79.320
Low
69.00
Averages
84.89
High
98.00
Current: 79.320
Low
69.00
Averages
84.89
High
98.00
About SWK
Stanley Black & Decker Inc. is a global provider of hand tools, power tools, outdoor products and related accessories, as well as a provider of engineered fastening solutions. The Company’s segments include Tools & Outdoor and Engineered Fastening. The Tools & Outdoor segment is comprised of the Power Tools Group (PTG), Hand Tools, Accessories & Storage (HTAS) and Outdoor Power Equipment (Outdoor) product lines. The PTG product line includes both professional and consumer products. The HTAS product line sells hand tools, power tool accessories and storage products. The Outdoor product line primarily sells corded and cordless electric lawn and garden products. The Engineered Fastening segment primarily sells highly engineered components such as fasteners, fittings and various engineered products, which are designed for specific application across multiple verticals. The Company's portfolio of brands includes DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER, and Cub Cadet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Stanley Black & Decker Board Update Reinforces Governance Commitment
- Board Update: Stanley Black & Decker announced updates to its Board of Directors aimed at enhancing corporate governance and ensuring competitiveness in a rapidly changing market environment.
- Leadership Commitment: The update emphasizes the company's focus on forward-thinking leadership, aiming to drive operational excellence by introducing diverse board members.
- Best Governance Practices: The company is committed to implementing best governance practices to enhance transparency and accountability, thereby boosting investor confidence and market reputation.
- Operational Excellence Drive: By strengthening its board structure, Stanley Black & Decker aims to achieve higher operational efficiency and innovation capabilities in the global tools and outdoor solutions market.
Continue Reading