W.W. Grainger Inc. (GWW) Becoming More Attractive for Investors

CHWY Stock
CHWY Stock

W.W. Grainger Inc.’s recent filing unveils that its VP, Controller Thomson Laurie R unloaded Company’s shares for reported $36833.0 on May 12. In the deal valued at $682.09 per share,54 shares were sold. As a result of this transaction, Thomson Laurie R now holds 1,677 shares worth roughly $ 1.19 million.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


Then, Robbins Paige K sold 2,127 shares, generating $1,471,713 in total proceeds. Upon selling the shares at $691.92, the Sr. VP now owns 6,641 shares.

Before that, Thomson Laurie R sold 476 shares. W.W. Grainger Inc. shares valued at $325,461 were divested by the VP, Controller at a price of $683.74 per share. As a result of the transaction, Thomson Laurie R now holds 1,731 shares, worth roughly $1.23 million.

UBS downgraded its W.W. Grainger Inc. [GWW] rating to a Neutral from a a Buy in a research note published on Friday, July 12, 2023; the price target was increased to $820 from $815. PT values the company’s stock at a premium of 13.32 to its Friday closing price.

Price Performance Review of GWW

On Friday, W.W. Grainger Inc. [NYSE:GWW] saw its stock fall -0.47% to $710.78. On the same session, the stock had its day’s lowest price of $701.645, but rose to a high of $719.17. Over the last five days, the stock has lost -0.53%. W.W. Grainger Inc. shares have risen nearly 27.78% since the year began. Nevertheless, the stocks have risen 28.08% over the past one year. While a 52-week high of $811.60 was reached on 07/11/23, a 52-week low of $483.19 was recorded on 01/05/23. SMA at 50 days reached $740.77, while 200 days put it at $666.53. A total of 0.26 million shares were traded, compared to the trading of 0.35 million shares in the previous session.

Levels Of Support And Resistance For GWW Stock

The 24-hour chart illustrates a support level at 701.89, which if violated will result in even more drops to 693.01. On the upside, there is a resistance level at 719.42. A further resistance level may holdings at 728.06. The Relative Strength Index (RSI) on the 14-day chart is 44.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 56.19%. Stochastics %K at 64.49% indicates the stock is a holding.

How much short interest is there in W.W. Grainger Inc.?

A steep rise in short interest was recorded in W.W. Grainger Inc. stocks on Aug 14, 2023, dropping by 50000.0 shares to a total of 1.12 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.17 million shares. There was a decline of -4.46%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.82% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.78.

W.W. Grainger Inc. [GWW] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 5,150,061 shares, or roughly 10.30% of the outstanding GWW shares. In other words, the investor’s shares have fallen by -74,891 from its previous 13-F filing of 5224952.0. Additionally, BlackRock Fund Advisors increased 4.44% of its stake after which the total value it holdings stand at $2,017,466,061, while SSgA Funds Management, Inc. reduced -2.88% of its stake to hold $1.5 billion in the firm. Over the last quarter, ClearBridge Investments LLC sold -75,829 shares of W.W. Grainger Inc., while Fidelity Management & Research Co sold 257,413 shares. At present, Geode Capital Management LLC is holding 1,054,372 shares valued at $778.64 million. Wells Fargo Clearing Services LLC owned 795,318 shares of the company at the time of its most recent 13F filing, worth $587.33 million.

According to FactSet, W.W. Grainger Inc.’s share price will average $784.83 in the next year, based on opinions of analysts polled by the firm. This is up nearly 10.83 percent from its previous closing price of $714.14. Analysts expect W.W. Grainger Inc. stock to reach the higher price of $881.00, while the lowest price estimate is $653.00. However, 17 analysts have rated GWW stock as a Hold in their predictions for 2023.


Please enter your comment!
Please enter your name here