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Stock Market & Financial Investment News

News Breaks
January 24, 2013
08:13 EDTGWWGrainger raises 2013 sales growth outlook to 3%-9% from 2%-8%
Grainger raised its 2013 sales guidance to a new range of 3%-9% growth. The company's previous 2013 sales guidance was 2%-8% growth issued on November 14, 2012. The increase in sales guidance reflects the December 31, 2012, acquisition of Techni-Tool, which had sales in 2011 of $88M.
News For GWW From The Last 14 Days
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November 25, 2014
10:00 EDTGWWOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 3M Company (MMM) initiated with an Underperform at RBC Capital... Ametek (AME) initiated with an Outperform at RBC Capital... AstraZeneca (AZN) initiated with an Outperform at Exane BNP Paribas... Bayer (BAYRY) initiated with a Neutral at Exane BNP Paribas... Carlisle (CSL) initiated with a Sector Perform at RBC Capital... Colfax (CFX) initiated with a Sector Perform at RBC Capital... Dover (DOV) initiated with a Sector Perform at RBC Capital... Eaton (ETN) initiated with a Sector Perform at RBC Capital... Emerson (EMR) initiated with a Sector Perform at RBC Capital... Evercore Partners (EVR) initiated with an Outperform at Macquarie... Fifth Street Asset (FSAM) initiated with a Buy at MLV & Co.... Flowserve (FLS) initiated with an Underperform at RBC Capital... General Electric (GE) initiated with an Outperform at RBC Capital... GlaxoSmithKline (GSK) initiated with an Underperform at Exane BNP Paribas... Grainger (GWW) initiated with a Sector Perform at RBC Capital... Hanesbrands (HBI) initiated with a Buy at UBS... Hercules Technology (HTGC) initiated with a Neutral at Macquarie... HomeStreet (HMST) initiated with a Neutral at Macquarie... Honeywell (HON) initiated with an Outperform at RBC Capital... IDEX Corp. (IEX) initiated with an Outperform at RBC Capital... Illinois Tool Works (ITW) initiated with a Sector Perform at RBC Capital... Ingersoll-Rand (IR) initiated with a Sector Perform at RBC Capital... ManTech (MANT) initiated with a Buy at Maxim... Novartis (NVS) initiated with an Outperform at Exane BNP Paribas... Nu Skin (NUS) initiated with a Neutral at Citigroup... Oppenheimer Holdings (OPY) initiated with a Neutral at Macquarie... Pentair (PNR) initiated with an Outperform at RBC Capital... Raymond James (RJF) initiated with a Neutral at Macquarie... Roche (RHHBY) initiated with an Outperform at Exane BNP Paribas... Roper Industries (ROP) initiated with an Outperform at RBC Capital... SPX Corp. (SPW) initiated with a Sector Perform at RBC Capital... Sanofi (SNY) initiated with an Outperform at Exane BNP Paribas... Tyco (TYC) initiated with an Outperform at RBC Capital... United Technologies (UTX) initiated with an Outperform at RBC Capital... WESCO (WCC) initiated with an Outperform at RBC Capital... Xylem (XYL) initiated with a Sector Perform at RBC Capital.
November 24, 2014
16:14 EDTGWWGrainger initiated with a Sector Perform at RBC Capital
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November 12, 2014
14:03 EDTGWWGrainger to increast investment in single channel online business
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14:01 EDTGWWGrainger reiterates 16%-17% operating margins by 2019
The margin improvement is expected to come from organic sales growth in the high single digits and long term operating margin expansion averaging 30 to 60 basis points per year. For reference, Grainger's operating margin in 2014 is expected to be 14.3%, excluding restructuring charges and unusual items.
14:00 EDTGWWGrainger to refocus international portfolio, to exit Brazil
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13:54 EDTGWWGrainger reports October sales increased 6% vs. last year
Grainger reported sales results for the month of October. Sales increased 6% versus October 2013. Results for the month included a 1 percentage point contribution from acquisitions, net of dispositions, and a 2 percentage points decline from unfavorable foreign exchange. Excluding acquisitions and foreign exchange, organic sales increased 7% driven by 6 percentage points of volume growth and a 1 percentage point contribution from sales of Ebola-related safety products. The month of October had 23 selling days, the same as October 2013. Q4 will have 64 selling days, the same as 4Q13.
13:51 EDTGWWGrainger expects FY15 EPS $12.90-$13.80, consensus $13.67
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13:50 EDTGWWGrainger reiterates FY14 EPS guidance $12.20-$12.30, consensus $12.26
The company reiterated its sales growth forecast of 5%-5.5%, consensus $9.96B.
13:49 EDTGWWGrainger expects Q4 EPS $2.75-$2.85, consensus $2.83
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