W W Grainger Inc (NYSE:GWW) Receives $301.53 Consensus Target Price from Brokerages

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W W Grainger Inc (NYSE:GWW) has earned a consensus recommendation of “Hold” from the eighteen brokerages that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $301.53.

Several analysts have recently weighed in on GWW shares. BMO Capital Markets decreased their price target on shares of W W Grainger from $320.00 to $310.00 and set a “market perform” rating for the company in a research note on Tuesday, April 23rd. Zacks Investment Research raised shares of W W Grainger from a “sell” rating to a “hold” rating and set a $315.00 price target for the company in a research note on Friday, July 26th. Gordon Haskett raised shares of W W Grainger from an “underperform” rating to a “hold” rating and set a $264.58 price target for the company in a research note on Friday, May 17th. Atlantic Securities downgraded shares of W W Grainger from a “neutral” rating to an “underweight” rating in a research note on Friday, June 21st. Finally, Buckingham Research lifted their price target on shares of W W Grainger from $291.00 to $295.00 and gave the company a “neutral” rating in a research note on Friday, July 26th.

In related news, VP Eric R. Tapia sold 180 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $272.58, for a total value of $49,064.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. Marshall Wace North America L.P. bought a new position in W W Grainger in the first quarter worth approximately $211,000. Wesleyan Assurance Society purchased a new position in W W Grainger in the first quarter worth $9,570,000. CNB Bank grew its holdings in W W Grainger by 16.5% in the first quarter. CNB Bank now owns 1,491 shares of the industrial products company’s stock worth $448,000 after purchasing an additional 211 shares during the last quarter. Cadinha & Co. LLC purchased a new position in W W Grainger in the first quarter worth $391,000. Finally, Greenleaf Trust purchased a new position in W W Grainger in the first quarter worth $282,000. 74.28% of the stock is owned by institutional investors.

Shares of W W Grainger stock traded up $1.16 on Friday, hitting $265.51. 17,030 shares of the company traded hands, compared to its average volume of 570,763. The company has a 50 day moving average of $274.02. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.32 and a current ratio of 2.38. W W Grainger has a 52 week low of $255.09 and a 52 week high of $372.06. The stock has a market cap of $14.43 billion, a P/E ratio of 15.89, a PEG ratio of 1.34 and a beta of 0.92.

W W Grainger (NYSE:GWW) last posted its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.65 by ($0.01). W W Grainger had a net margin of 7.32% and a return on equity of 46.27%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the prior year, the firm posted $4.37 EPS. The business’s revenue was up 1.1% on a year-over-year basis. On average, analysts forecast that W W Grainger will post 17.67 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Monday, August 12th will be paid a $1.44 dividend. This represents a $5.76 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, August 9th. W W Grainger’s dividend payout ratio (DPR) is 34.49%.

W W Grainger declared that its Board of Directors has approved a share repurchase program on Wednesday, April 24th that allows the company to repurchase 5,000,000 shares. This repurchase authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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Analyst Recommendations for W W Grainger (NYSE:GWW)

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