On Monday, W.W . Grainger GWW reported third-quarter results, with sales and operating profits up 6% and 11%, respectively, from the year-ago period. The results tracked fairly closely with our modeling assumptions, and we are maintaining our $67 fair value estimate. While growth appears to be ...
Cost advantages and network effects work in their favor.
Top managers continue to exercise a lot of patience as they look for buying opportunities in a U.S. equity market that has risen close to 40% since the start of 2013.
The author does not own any of the stocks or funds mentioned above.
The industrial distributor--a recent addition to the Morningstar DividendInvestor portfolio--has plenty of headroom for earnings and dividend growth, says Morningstar's Josh Peters.