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Analysts Offer Insights on Industrial Goods Companies: WW Grainger (GWW), Ametek (AME) and Eaton (ETN)

Tipranks - Thu Feb 5, 3:46AM CST

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on WW Grainger (GWWResearch Report), Ametek (AMEResearch Report) and Eaton (ETNResearch Report).

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WW Grainger (GWW)

KeyBanc analyst Kenneth Newman maintained a Hold rating on WW Grainger today. The company’s shares closed last Tuesday at $1155.00.

According to TipRanks.com, Newman is a 5-star analyst with an average return of 17.1% and a 71.1% success rate. Newman covers the Industrial Goods sector, focusing on stocks such as Applied Industrial Technologies, Emerson Electric Company, and Rockwell Automation. ;'>

Currently, the analyst consensus on WW Grainger is a Hold with an average price target of $1086.43, implying a -0.1% downside from current levels. In a report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $1100.00 price target.

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Ametek (AME)

KeyBanc analyst Steve Barger maintained a Buy rating on Ametek today. The company’s shares closed last Tuesday at $228.92.

According to TipRanks.com, Barger is a 5-star analyst with an average return of 18.0% and a 68.2% success rate. Barger covers the Industrial Goods sector, focusing on stocks such as Park-Ohio Holdings, Advanced Energy, and RBC Bearings. ;'>

Currently, the analyst consensus on Ametek is a Moderate Buy with an average price target of $238.71, implying a 6.2% upside from current levels. In a report issued on January 21, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $271.00 price target.

Eaton (ETN)

KeyBanc analyst Jeffrey Hammond maintained a Buy rating on Eaton today. The company’s shares closed last Tuesday at $362.53, close to its 52-week high of $379.99.

According to TipRanks.com, Hammond is a 5-star analyst with an average return of 11.9% and a 62.1% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Janus International Group, and Advanced Drainage Systems. ;'>

Currently, the analyst consensus on Eaton is a Strong Buy with an average price target of $390.30, an 11.7% upside from current levels. In a report issued on January 27, TipRanks – Google also upgraded the stock to Buy with a $374.00 price target.

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