Stock Report: W.W. Grainger, Inc. (GWW)
Publication Date: September 22, 2024
Company Overview
W.W. Grainger, Inc. (GWW), headquartered in Lake Forest, Illinois, is a premier provider in the maintenance, repair, and operating (MRO) products and services sector. The company operates mainly in North America, Japan, and the United Kingdom, and divides its operations into two segments: High-Touch Solutions N.A. and Endless Assortment. Grainger’s extensive product offerings range from safety equipment, pumps, and plumbing gear to cleaning supplies and hand tools, serving a diverse clientele comprising small businesses, large corporations, and government entities. Positioned within the Industrials sector and the Industrial Distribution industry, Grainger leverages both electronic and e-commerce channels alongside direct sales.
Financial Overview
Grainger’s financial landscape indicates a cautious yet optimistic stance among analysts, with a current market price of $1,032.22 and a projected high target price of $1,250.00. This suggests potential upside in the stock, despite a more conservative mean target of $1,012.52. The company’s total revenue within the industrial distribution sector stands at an impressive $16.75 billion. With 48,825,700 shares outstanding and a relatively modest short interest of 4.27%, investor sentiment appears neutral, highlighting confidence in the company’s long-term trajectory. Analysts recommend a “hold,” with a mean recommendation score of 2.8, indicating a measured approach in navigating current market conditions.
Market Performance
W.W. Grainger’s stock has shown remarkable resilience, currently trading close to its 52-week high of $1,037.23 and significantly above its 52-week low of $674.41. This upward trend underscores strong market performance and investor interest. With a fifty-day moving average of $968.89, the stock has gained momentum, exceeding its average price and signaling bullish prospects. The target price range from analysts presents a spectrum between $900.00 to $1,250.00, reflecting variability in market sentiments yet overall highlighting potential for growth and solidifying Grainger’s advantageous position within its historical trading range.
This concise analysis provides a clear snapshot of W.W. Grainger, Inc. (GWW), covering essential aspects of its business performance and market sentiment, aiding investors in making informed decisions.
| Metric | Value |
|---|---|
| Market Cap | $50.4b |
| Total Debt | $2.7b |
| Total Cash | $769.0m |
| Shares Outstanding | 48.8m |
| Float Shares | 44.2m |
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