KeyCorp Reiterates “Hold” Rating for W.W. Grainger, Inc. (GWW)

W.W. Grainger, Inc. (NYSE:GWW)‘s stock had its “hold” rating restated by KeyCorp in a research note issued to investors on Monday. KeyCorp also issued estimates for W.W. Grainger’s FY2018 earnings at $11.00 EPS.

A number of other analysts have also recently commented on the company. Credit Suisse Group raised W.W. Grainger to a “hold” rating and set a $175.00 price target for the company in a research note on Wednesday, July 19th. Morgan Stanley lowered their price target on W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating for the company in a research note on Thursday, July 20th. Zacks Investment Research raised W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Northcoast Research began coverage on W.W. Grainger in a research note on Tuesday, July 25th. They issued a “neutral” rating for the company. Finally, Royal Bank Of Canada reaffirmed a “sell” rating and issued a $145.00 price target on shares of W.W. Grainger in a research note on Wednesday, September 6th. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $191.23.

Shares of W.W. Grainger (NYSE:GWW) opened at $195.58 on Monday. The firm has a market capitalization of $11,156.74, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.89 and a beta of 0.78. W.W. Grainger has a twelve month low of $155.00 and a twelve month high of $262.71. The company has a current ratio of 2.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.19.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.56 by $0.34. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.65 billion. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.06 EPS. equities analysts anticipate that W.W. Grainger will post 10.68 earnings per share for the current fiscal year.

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In other W.W. Grainger news, VP Eric R. Tapia sold 190 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $208.26, for a total transaction of $39,569.40. Following the completion of the transaction, the vice president now owns 3,748 shares of the company’s stock, valued at approximately $780,558.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Paige K. Robbins sold 346 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $202.31, for a total value of $69,999.26. Following the transaction, the vice president now directly owns 8,400 shares of the company’s stock, valued at approximately $1,699,404. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Exane Derivatives acquired a new position in W.W. Grainger during the 3rd quarter worth approximately $101,000. Westside Investment Management Inc. acquired a new position in W.W. Grainger during the 3rd quarter worth approximately $107,000. Salem Investment Counselors Inc. boosted its position in W.W. Grainger by 1.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 6 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in W.W. Grainger by 18,650.0% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock worth $155,000 after acquiring an additional 746 shares during the last quarter. Finally, Enterprise Financial Services Corp boosted its position in W.W. Grainger by 80.8% during the 2nd quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 403 shares during the last quarter. 85.98% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for W.W. Grainger (NYSE:GWW)

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