Shares of W.W. Grainger, Inc. (NYSE:GWW) have been assigned a consensus rating of “Hold” from the twenty brokerages that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $191.23.
Several analysts have commented on the stock. KeyCorp reaffirmed a “hold” rating on shares of W.W. Grainger in a research note on Monday, November 13th. Oppenheimer reaffirmed a “buy” rating and issued a $245.00 target price on shares of W.W. Grainger in a research note on Monday, November 13th. Royal Bank Of Canada lifted their target price on shares of W.W. Grainger from $148.00 to $151.00 and gave the stock an “underperform” rating in a research note on Monday, November 13th. UBS cut shares of W.W. Grainger from a “neutral” rating to a “sell” rating and lifted their target price for the stock from $170.00 to $195.00 in a research note on Thursday, October 19th. Finally, Atlantic Securities raised shares of W.W. Grainger from an “underweight” rating to a “neutral” rating in a research note on Thursday, October 19th.
In other news, VP Paige K. Robbins sold 346 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $202.31, for a total transaction of $69,999.26. Following the completion of the sale, the vice president now directly owns 8,400 shares of the company’s stock, valued at approximately $1,699,404. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eric R. Tapia sold 190 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $208.26, for a total transaction of $39,569.40. Following the sale, the vice president now directly owns 3,748 shares of the company’s stock, valued at $780,558.48. The disclosure for this sale can be found here. 9.60% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. APG Asset Management N.V. boosted its position in W.W. Grainger by 655.0% during the 2nd quarter. APG Asset Management N.V. now owns 462,647 shares of the industrial products company’s stock worth $83,522,000 after purchasing an additional 401,371 shares during the period. PGGM Investments boosted its position in W.W. Grainger by 28.1% during the 2nd quarter. PGGM Investments now owns 152,576 shares of the industrial products company’s stock worth $27,545,000 after purchasing an additional 33,513 shares during the period. Breton Hill Capital Ltd. purchased a new stake in W.W. Grainger during the 2nd quarter worth $331,000. Albert D Mason Inc. boosted its position in W.W. Grainger by 37.4% during the 2nd quarter. Albert D Mason Inc. now owns 7,529 shares of the industrial products company’s stock worth $1,359,000 after purchasing an additional 2,048 shares during the period. Finally, Acadian Asset Management LLC boosted its position in W.W. Grainger by 3,652.1% during the 2nd quarter. Acadian Asset Management LLC now owns 5,328 shares of the industrial products company’s stock worth $962,000 after purchasing an additional 5,186 shares during the period. 85.21% of the stock is owned by institutional investors.
Shares of W.W. Grainger (NYSE:GWW) traded up $8.47 during trading on Thursday, hitting $211.57. The company had a trading volume of 1,036,726 shares, compared to its average volume of 943,242. The firm has a market cap of $11,405.19, a P/E ratio of 18.25, a P/E/G ratio of 1.93 and a beta of 0.78. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.28 and a quick ratio of 1.28. W.W. Grainger has a 1 year low of $155.00 and a 1 year high of $262.71.
W.W. Grainger (NYSE:GWW) last released its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 EPS 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 net margin of 4.83% and a return on equity of 34.25%. W.W. Grainger’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.06 EPS. equities research analysts expect that W.W. Grainger will post 10.71 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be paid a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $5.12 annualized dividend and a dividend yield of 2.42%. W.W. Grainger’s dividend payout ratio is presently 60.95%.
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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