Grainger $GWW Stock Up On Hiring 100 Workers

  • Post category:Analysts Activity
  • Reading time:4 mins read
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GWW stock gave a technical buy signal on December 3, 2021, a couple of days after the company said it would hire 100 new workers.

Grainger to Add 100 Jobs in Lake County Illinois

On November 1, 2021, Grainger (NYSE: GWW), the leading broad line supplier of maintenance, repair and operating (MRO) products serving businesses and institutions, announced it will expand its customer service capabilities by adding approximately 100 new jobs to its Lake County, Illinois, headquarters.

The company’s new customer service center will open in January, allowing Grainger to better support its growing customer base by continuing to deliver exceptional service. The majority of the new jobs are Customer Experience Representatives, who answer customer questions, provide product information, help customers find solutions, and take and process customer orders over the phone through electronic communication including chat and email.

“Throughout the pandemic, our team rose to the challenge of serving as a trusted partner at a time when our customers needed us most,” said Nadalie Bosse, Vice President, North America Customer Service Centers. “With this expansion, we’ll continue to focus on serving our customers better than anyone else.”

The expansion also underscores Grainger’s commitment to invest in the communities it serves. With a large base of team members in the Chicago area, Grainger is a leading employer in Cook and Lake counties.

The starting wage for the Customer Experience Representative roles is $18 per hour, well above Illinois’ $11 hourly minimum wage. Grainger also offers a $1,000 sign-on bonus for these roles and a flexible work environment with weekends off.

Grainger offers competitive benefits covering team members’ emotional, financial, physical and social well-being, including industry-leading paid time off and holidays, an automatic six percent 401(k) company contribution, parental leave, employee assistance programs, tuition reimbursement and more. The company also recently enhanced its team member recognition program, financial well-being offers and mental health benefits to ensure it continues to meet the evolving needs of team members.

Grainger price target raised to $535 from $500 at Oppenheimer

On November 1, 2021, Oppenheimer analyst Christopher Glynn raised the firm’s price target on Grainger to $535 from $500 and keeps an Outperform rating on the shares. The analyst notes Grainger delivered above normal seasonality, buoyed by core non-pandemic sales +22% year-over-year versus (8%) comparison and broad strength across customer demographics.

Grainger price target raised to $525 from $500 at Baird

On November 1, 2021, Baird analyst David Manthey raised the firm’s price target on Grainger to $525 from $500 and keeps an Outperform rating on the shares. The analyst likes the setup given the company’s scale, inventory depth, relationship with suppliers, and local market presence, which should translate to continued enhanced market share gains. The margin trajectory looks positive, and earnings should have upside vs. consensus, driving outperformance from here.

GWW stock technical analysis

Gww Stock Chart

The long and short term trends are both positive. There is a recent cluster of Pocket Pivot signals. This is looking good! GWW has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 491.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 489.5, a stop order could be placed below this zone. Click here for email alerts on when your favorite stock is a good entry.

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