W.W. Grainger Shares Hit 52-Week High After Posting Strong 4Q Results; We Raised our FVE to $245
Grainger shares traded up nearly 20% on Jan. 24 after the narrow-moat industrial distributor reported fourth-quarter results that far exceeded market expectations. Grainger’s fourth-quarter sales of $2.63 billion beat the consensus estimate by about $65 million, and the firm’s adjusted EPS of $2.94 topped the consensus estimate by a whopping $0.75. Grainger’s stock took a beating during the first-half of 2017 as investors feared that the company’s price reductions would prove to be a futile resp...W.W. Grainger is a distributor of maintenance, repair and operating (MRO) products and services in North America, Japan and Europe. The company's MRO product offering is grouped under material-handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies and metalworking tools categories. The company's segments are the United States, which provides MRO products and services through its eCommerce platform, catalogs, branches and sales and service representatives; and Canada, which serves Canadian customers through its distribution center and branch network as well as sales and service representatives.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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