Stephens set a $190.00 target price on W W Grainger Inc (NYSE:GWW) in a research report released on Wednesday, April 19th. The firm currently has a hold rating on the industrial products company’s stock.
Other research analysts have also issued research reports about the company. TheStreet upgraded W W Grainger from a c+ rating to a b- rating in a report on Monday, February 27th. BMO Capital Markets reiterated a buy rating on shares of W W Grainger in a report on Thursday, January 26th. Barclays PLC reiterated an equal weight rating and set a $239.00 price target (up from $226.00) on shares of W W Grainger in a report on Thursday, January 26th. Deutsche Bank AG upgraded W W Grainger from a sell rating to a hold rating and lifted their price target for the stock from $194.00 to $246.00 in a report on Thursday, January 26th. Finally, Stifel Nicolaus lifted their price target on W W Grainger from $245.00 to $266.00 and gave the stock a hold rating in a report on Friday, January 27th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. W W Grainger currently has an average rating of Hold and a consensus target price of $214.78.
Shares of W W Grainger (NYSE:GWW) traded up 0.89% during trading on Wednesday, hitting $174.85. 939,282 shares of the stock traded hands. The firm has a market cap of $10.21 billion, a PE ratio of 17.85 and a beta of 0.82. W W Grainger has a 52-week low of $170.21 and a 52-week high of $262.71. The company’s 50 day moving average is $200.89 and its 200 day moving average is $229.21.
W W Grainger (NYSE:GWW) last posted its earnings results on Tuesday, April 18th. The industrial products company reported $2.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.99 by $0.11. W W Grainger had a net margin of 5.98% and a return on equity of 32.79%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the business earned $3.18 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts predict that W W Grainger will post $10.41 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 8th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 2.93%. This is a boost from W W Grainger’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Thursday, May 4th. W W Grainger’s payout ratio is presently 49.64%.
In other W W Grainger news, VP Laura D. Brown sold 695 shares of W W Grainger stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $249.07, for a total transaction of $173,103.65. Following the completion of the sale, the vice president now owns 11,235 shares of the company’s stock, valued at $2,798,301.45. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Ronald L. Jadin sold 31,186 shares of W W Grainger stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $249.06, for a total value of $7,767,185.16. Following the sale, the vice president now directly owns 51,645 shares of the company’s stock, valued at approximately $12,862,703.70. The disclosure for this sale can be found here. 9.60% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in GWW. Vanguard Group Inc. increased its position in shares of W W Grainger by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,438,209 shares of the industrial products company’s stock worth $1,265,798,000 after buying an additional 192,967 shares in the last quarter. BlackRock Inc. increased its position in shares of W W Grainger by 1,509.4% in the first quarter. BlackRock Inc. now owns 3,417,297 shares of the industrial products company’s stock worth $795,411,000 after buying an additional 3,204,962 shares in the last quarter. State Street Corp increased its position in shares of W W Grainger by 5.3% in the fourth quarter. State Street Corp now owns 3,247,283 shares of the industrial products company’s stock worth $754,163,000 after buying an additional 164,272 shares in the last quarter. Longview Partners Guernsey LTD increased its position in shares of W W Grainger by 1.5% in the third quarter. Longview Partners Guernsey LTD now owns 3,032,124 shares of the industrial products company’s stock worth $681,743,000 after buying an additional 45,052 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of W W Grainger by 2.8% in the third quarter. Wells Fargo & Company MN now owns 1,351,780 shares of the industrial products company’s stock worth $303,934,000 after buying an additional 37,263 shares in the last quarter. 80.18% of the stock is owned by institutional investors.
W W Grainger Company Profile
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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