W W Grainger Inc (GWW) Given Average Rating of “Hold” by Analysts

W W Grainger Inc (NYSE:GWW) has been given an average recommendation of “Hold” by the seventeen analysts that are covering the firm. Three equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $243.50.

GWW has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on shares of W W Grainger from $224.00 to $236.00 and gave the company a “hold” rating in a report on Tuesday, December 6th. Royal Bank of Canada reiterated a “sell” rating and issued a $176.00 target price on shares of W W Grainger in a report on Thursday, January 5th. BMO Capital Markets reiterated a “buy” rating on shares of W W Grainger in a report on Thursday, January 26th. Morgan Stanley boosted their target price on shares of W W Grainger from $229.00 to $233.00 and gave the company an “underweight” rating in a report on Thursday, January 26th. Finally, Deutsche Bank AG upgraded shares of W W Grainger from a “sell” rating to a “hold” rating and boosted their target price for the company from $194.00 to $246.00 in a report on Thursday, January 26th.

W W Grainger (NYSE:GWW) opened at 242.02 on Tuesday. The company has a market capitalization of $14.24 billion, a P/E ratio of 24.52 and a beta of 0.82. W W Grainger has a 1-year low of $201.94 and a 1-year high of $262.71. The stock’s 50 day moving average is $251.29 and its 200-day moving average is $232.44.

W W Grainger (NYSE:GWW) last posted its earnings results on Wednesday, January 25th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.09. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. W W Grainger had a net margin of 5.98% and a return on equity of 32.79%. W W Grainger’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business posted $2.49 EPS. On average, analysts expect that W W Grainger will post $11.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Monday, February 13th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Thursday, February 9th. W W Grainger’s dividend payout ratio (DPR) is 49.64%.

Your IP Address:

In related news, VP Ronald L. Jadin sold 31,186 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $249.06, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Laura D. Brown sold 695 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $249.07, for a total transaction of $173,103.65. Following the sale, the vice president now directly 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 99,940 shares of company stock worth $23,933,697 over the last three months. Insiders own 9.60% of the company’s stock.

A number of large investors have recently made changes to their positions in the company. State Street Corp increased 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 company’s stock valued at $754,163,000 after buying an additional 164,272 shares during the last quarter. Longview Partners Guernsey LTD increased its stake 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 company’s stock valued at $681,743,000 after buying an additional 45,052 shares during the last quarter. Wells Fargo & Company MN increased its stake 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 company’s stock valued at $303,934,000 after buying an additional 37,263 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of W W Grainger by 3.0% in the third quarter. BlackRock Fund Advisors now owns 928,279 shares of the company’s stock valued at $208,714,000 after buying an additional 27,349 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of W W Grainger by 12.9% in the third quarter. Mackenzie Financial Corp now owns 857,608 shares of the company’s stock valued at $192,825,000 after buying an additional 97,875 shares during the last quarter. 80.18% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:GWW

Receive News & Ratings for W W Grainger Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W W Grainger Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply