W W Grainger Inc (NYSE:GWW) has been assigned a $190.00 target price by stock analysts at Stephens in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the industrial products company’s stock. Stephens’ target price points to a potential downside of 3.04% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Royal Bank of Canada reaffirmed a “sell” rating and set a $209.00 price objective on shares of W W Grainger in a report on Tuesday, April 11th. Credit Suisse Group AG cut W W Grainger from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $235.00 to $175.00 in a research note on Wednesday. Morgan Stanley lifted their target price on W W Grainger from $229.00 to $233.00 and gave the stock an “underweight” rating in a research note on Thursday, January 26th. Stifel Nicolaus lifted their target price on W W Grainger from $245.00 to $266.00 and gave the stock a “hold” rating in a research note on Friday, January 27th. Finally, Deutsche Bank AG upgraded W W Grainger from a “sell” rating to a “hold” rating and lifted their target price for the stock from $194.00 to $246.00 in a research note on Thursday, January 26th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. W W Grainger presently has an average rating of “Hold” and an average target price of $230.00.
Shares of W W Grainger (NYSE:GWW) opened at 195.96 on Wednesday. The stock has a 50 day moving average of $234.85 and a 200-day moving average of $233.23. The company has a market cap of $11.53 billion, a price-to-earnings ratio of 19.85 and a beta of 0.82. W W Grainger has a 12 month low of $192.50 and a 12 month high of $262.71.
W W Grainger (NYSE:GWW) last posted its quarterly earnings data on Tuesday, April 18th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.99 by $0.11. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.57 billion. W W Grainger had a return on equity of 32.79% and a net margin of 5.98%. W W Grainger’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.18 earnings per share. On average, analysts forecast that W W Grainger will post $11.87 EPS for the current year.
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In related news, VP Joseph C. High sold 690 shares of the business’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $252.58, for a total value of $174,280.20. Following the sale, the vice president now directly owns 6,378 shares in the company, valued at approximately $1,610,955.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Laura D. Brown sold 695 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $249.07, for a total value of $173,103.65. Following the completion of the sale, the vice president now owns 11,235 shares in the company, valued at $2,798,301.45. The disclosure for this sale can be found here. Insiders sold a total of 34,940 shares of company stock worth $8,712,647 over the last 90 days. 9.60% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of W W Grainger during the fourth quarter worth about $114,153,000. Allianz Asset Management AG boosted its stake in shares of W W Grainger by 177.7% in the fourth quarter. Allianz Asset Management AG now owns 390,177 shares of the industrial products company’s stock worth $90,618,000 after buying an additional 249,674 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of W W Grainger during the fourth quarter worth about $44,851,000. State Street Corp boosted its stake 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. Finally, Russell Investments Group Ltd. purchased a new stake in shares of W W Grainger during the fourth quarter worth about $29,493,000. Institutional investors and hedge funds own 80.18% of the company’s stock.
About W W Grainger
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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