5 Best Industrial Distribution Stocks to Invest In According to Hedge Funds

2. W.W. Grainger Inc. (NYSE:GWW)

W.W. Grainger Inc. (NYSE:GWW) is one of the 10 best industrial distribution stocks to invest in according to hedge funds.

The consensus estimates support a bullish argument in favor of W.W. Grainger Inc. (NYSE:GWW). As of the close of play on June 12, the stock received moderately bullish analyst views. It received Buy ratings from 4 analysts who covered it, while 4 analysts called it Hold. With just 1 Sell rating, the stock has a 1-year median target price slightly above $1,286.

On May 27, Christopher Snyder from Morgan Stanley updated his projections for W.W. Grainger Inc. (NYSE:GWW) after factoring in actual first-quarter performance figures and rolling out its forward projections. The analyst chose to maintain his Equal Weight rating on the shares, while increasing the price target from $1,190 to $1,300.

Back on May 11, the target price on W.W. Grainger Inc. (NYSE:GWW) was increased from $1,300 to $1,355 by Tommy Moll, an analyst at Stephens. Moll also maintained his Overweight rating on the stock. The revision is based on the company’s first-quarter announcements, which led the firm to revise its model.

W.W. Grainger Inc. (NYSE:GWW) distributes maintenance, repair, and operating products in Japan, the UK, and North America. It provides pumps and plumbing equipment, cleaning and maintenance, material handling, storage equipment, and tools. The company also offers inventory management and technical support services. It serves smaller businesses to large corporations, government entities, and other institutions.