Founded in 1928, W.W. Grainger Inc (NYSE code: GWW) is a maintenance equipment distributor with operations around the world including North America, Japan and the United Kingdom. Grainger distributes millions of products including solar panels, engineering equipment, construction safety equipment, motor pumps, central air conditioning equipment, fans, cleaning equipment, motor water pipes and more. Grainger sells products online through e-commerce, with no minimum order quantity, and provides maintenance services and international transportation by sea, land and air.
Surrounded by AI stocks occupying almost all news topics and market enthusiasm, the stock price of this traditional industry company seems particularly extraordinary. Shares have soared to new highs over the past year, ranking third among stocks traded on Robinhood behind Nvidia and White Mountains.
In addition to its impressive stock price and performance, W.W. Grainger's corporate reputation and evaluation are also very positive. This year, it won the 2024 Newsweek Award for Best Corporate Responsibility, Best U.S. Military Equipment, Glassdor Best Employer Award, LGBTQ, Women and Underprivileged Groups Friendly Environment and other awards.
GWW’s performance has never been at a low point, and the curve has been rising sharply in the four years since the epidemic era
In October 2020, GWW's share price was only US$350; it soared to US$706 in October last year, and it soared to US$1,124 on October 21 this year. In the past five years, the stock price has grown 262.68%, with a market value of US$54.85 billion, a strong The digital performance and actual market demand highlight GWW's super performance and huge market supply demand, which has recently attracted a large number of investors to pay attention to buying stocks.
According to the analysis data of InvestingPro, W.W. Grainger's total return in the past year was 58.62%, and its return in the past three months was 17.18%. The strong profitability has greatly increased investor confidence. The trading volume has been active in recent days and has hit a record high. new high.
Providing enterprises with green and environmentally friendly solutions for energy and emissions
In recent years, W.W. Grainger has focused on the green, environmentally friendly and sustainable development market, actively promoting and educating companies to use energy-saving equipment such as solar panels, hydrogen fuel cells and management systems, and providing technology and supplier resources to assist corporate development.
KnowHow strategies for accelerating the growth of traditional industries
Tools are dead, people are alive. To have good tools, people need to be taught how to use them in order for them to function. In the past, education, training and user guides were not valued by traditional industries. When workers were constructing, they would make steel using local methods, one at a time, which was not only time-consuming and labor-intensive, but also delayed the construction time, and even caused workers to suffer physical injuries due to improper use. harm. Grainger not only sells equipment, but also compiles instructional guides on how to use tools and equipment so that companies can quickly train workers and technicians to get started.
Grainger's KnowHow Guide contains answers to various natural and man-made disaster scenarios and operation and repair questions. You can learn about wildfires, common occupational injuries, machine operations and other difficult problems through explanations and professional Knowhow, and provide professional repair knowledge and resources.
This article is not that AI stocks are also rising sharply! The share price of Grainger, an American maintenance equipment manufacturer, has grown by 262.68% in five years, hitting a record high. This first appeared on Chain News ABMedia.
