Is Buying 52-Week Stock Like W.W. Grainger, Inc. (GWW) a Winning Strategy?

June 13, 2018 - By sdfsdfsdf

W.W. Grainger, Inc. (NYSE:GWW) Logo

Investors sentiment decreased to 0.75 in Q1 2018. Its down 0.06, from 0.81 in 2017Q4. It dived, as 36 investors sold W.W. Grainger, Inc. shares while 214 reduced holdings. 82 funds opened positions while 106 raised stakes. 43.08 million shares or 5.84% less from 45.76 million shares in 2017Q4 were reported.
Usa Fincl Portformulas stated it has 1,493 shares or 0.1% of all its holdings. Envestnet Asset Management holds 4,845 shares or 0% of its portfolio. Gru Inc has 68,922 shares. 4,679 are held by Veritable Lp. Parkside Comml Bank And Trust accumulated 10 shares. C M Bidwell & Assocs Limited has 1,080 shares. Texas Permanent School Fund has 0.05% invested in W.W. Grainger, Inc. (NYSE:GWW). Port Solutions Lc stated it has 39 shares. Northwestern Mutual Wealth Mgmt invested in 2,378 shares or 0% of the stock. Pathstone Family Office Llc reported 290 shares stake. Cambridge Advisors owns 2,952 shares or 0.01% of their US portfolio. Sumitomo Mitsui Asset Management Co Ltd stated it has 3,798 shares or 0.02% of all its holdings. Art Advsr Limited Liability accumulated 6,600 shares. Aqr Capital Mgmt Lc reported 0.03% stake. Stone Ridge Asset Ltd Limited Liability Company owns 6,958 shares.

Since January 11, 2018, it had 1 buying transaction, and 4 sales for $7.92 million activity. On Thursday, April 5 the insider HOWARD JOHN L sold $5.75M. On Monday, February 5 the insider Watson Lucas E bought $50,020. The insider Brown Laura D sold 9,158 shares worth $2.13M.

The stock of W.W. Grainger, Inc. (NYSE:GWW) hit a new 52-week high and has $332.23 target or 4.00 % above today’s $319.45 share price. The 6 months bullish chart indicates low risk for the $17.90B company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $332.23 price target is reached, the company will be worth $715.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.21% or $0.68 during the last trading session, reaching $319.45. About 195,599 shares traded. W.W. Grainger, Inc. (NYSE:GWW) has risen 75.66% since June 13, 2017 and is uptrending. It has outperformed by 63.09% the S&P500.

Analysts await W.W. Grainger, Inc. (NYSE:GWW) to report earnings on July, 18. They expect $3.75 earnings per share, up 36.86 % or $1.01 from last year’s $2.74 per share. GWW’s profit will be $210.07M for 21.30 P/E if the $3.75 EPS becomes a reality. After $4.18 actual earnings per share reported by W.W. Grainger, Inc. for the previous quarter, Wall Street now forecasts -10.29 % negative EPS growth.

W.W. Grainger, Inc. (NYSE:GWW) Ratings Coverage

Among 12 analysts covering WW Grainger (NYSE:GWW), 3 have Buy rating, 3 Sell and 6 Hold. Therefore 25% are positive. WW Grainger has $32700 highest and $190.0 lowest target. $278.08’s average target is -12.95% below currents $319.45 stock price. WW Grainger had 26 analyst reports since January 3, 2018 according to SRatingsIntel. The rating was maintained by Stephens on Friday, April 13 with “Hold”. Credit Suisse maintained the shares of GWW in report on Thursday, January 25 with “Underperform” rating. The firm has “Hold” rating by Stifel Nicolaus given on Sunday, April 22. Susquehanna maintained the stock with “Hold” rating in Thursday, March 22 report. The rating was maintained by Oppenheimer on Thursday, January 25 with “Outperform”. The firm has “Hold” rating given on Monday, April 9 by BMO Capital Markets. The rating was upgraded by Robert W. Baird on Thursday, January 25 to “Buy”. The rating was maintained by Susquehanna on Friday, April 20 with “Hold”. The rating was maintained by Stifel Nicolaus on Friday, January 26 with “Hold”. Robert W. Baird maintained the stock with “Buy” rating in Thursday, April 19 report.

More news for W.W. Grainger, Inc. (NYSE:GWW) were recently published by: Nasdaq.com, which released: “Recent Analysis Shows Ford Motor, Lions Gate Entertainment, America’s Car-Mart, WW Grainger, Berry Global Group …” on June 11, 2018. Investorplace.com‘s article titled: “6 Dividend Aristocrats to Buy as Trump Irks G7” and published on June 11, 2018 is yet another important article.

W.W. Grainger, Inc. distributes maintenance, repair, and operating supplies; and other related services and products that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company has market cap of $17.90 billion. It operates through two divisions, U.S. and Canada. It has a 31.88 P/E ratio. The firm offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, building and home inspection supplies, vehicle and fleet components, and various other products.

W.W. Grainger, Inc. (NYSE:GWW) Institutional Positions Chart

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