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Is W.W. Grainger (GWW) Outperforming Other Industrial Products Stocks This Year?


Investors focused on the Industrial Products space have likely heard of W.W. Grainger (GWW), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of GWW and the rest of the Industrial Products group’s stocks.

W.W. Grainger is a member of the Industrial Products sector. This group includes 208 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. GWW is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for GWW’s full-year earnings has moved 7.19% higher. This means that analyst sentiment is stronger and the stock’s earnings outlook is improving.

Based on the latest available data, GWW has gained about 49.86% so far this year. At the same time, Industrial Products stocks have lost an average of 2.91%. This means that W.W. Grainger is outperforming the sector as a whole this year.

Looking more specifically, GWW belongs to the Industrial Services industry, which includes 15 individual stocks and currently sits at #172 in the Zacks Industry Rank. Stocks in this group have gained about 26.64% so far this year, so GWW is performing better this group in terms of year-to-date returns.

Going forward, investors interested in Industrial Products stocks should continue to pay close attention to GWW as it looks to continue its solid performance.

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