The W.W. Grainger (GWW) company has been outperforming other industrial product stocks this year. Several investment firms, including Sunbelt Securities Inc., Burns J W & Co. Inc and Kathmere Capital Management LLC have either acquired shares or boosted their holdings in W.W.Grainger, making it a prospective investment bet. The financials of the company also appear strong, despite some recent stock weakness. Recent Q1 earnings and revenues have beaten estimates, leading many to consider it a top growth and momentum stock for the long term. The company also pays dividends, and it has reportedly raised the amount compared to last year. Recent stock performance is largely tied to the company's strong fundamentals and the majority of the shares are institutionally owned, adding further credibility to the company's status. However, opinions differ, with some considering the company modestly overvalued while others see it as a hidden gem.
Grainger Stocks GWW News Analytics from Tue, 29 Aug 2023 07:00:00 GMT to Sun, 30 Jun 2024 19:11:28 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor 4