W. W. Grainger (NYSE:GWW)‘s stock had its “sell” rating restated by equities researchers at Royal Bank of Canada in a report issued on Friday. They currently have a $221.00 price target on the industrial products company’s stock. Royal Bank of Canada’s target price indicates a potential downside of 26.30% from the stock’s current price.
A number of other research analysts also recently commented on GWW. Credit Suisse Group reaffirmed an “underperform” rating and set a $190.00 price objective (up previously from $172.00) on shares of W. W. Grainger in a research note on Tuesday, January 9th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of W. W. Grainger from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 16th. UBS started coverage on shares of W. W. Grainger in a research note on Tuesday, January 23rd. They set a “sell” rating and a $215.00 price objective for the company. Stephens reaffirmed a “hold” rating and set a $264.00 price objective on shares of W. W. Grainger in a research note on Thursday, January 25th. Finally, Robert W. Baird raised shares of W. W. Grainger from a “neutral” rating to a “buy” rating in a research note on Thursday, January 25th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $248.08.
NYSE:GWW opened at $299.88 on Friday. The stock has a market capitalization of $15,908.69, a price-to-earnings ratio of 26.17, a PEG ratio of 2.12 and a beta of 0.81. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.18 and a current ratio of 2.13. W. W. Grainger has a 12-month low of $155.00 and a 12-month high of $309.80.
W. W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, April 19th. The industrial products company reported $4.18 EPS for the quarter, beating the Zacks’ consensus estimate of $3.44 by $0.74. W. W. Grainger had a net margin of 5.62% and a return on equity of 35.76%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the company posted $2.88 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. analysts forecast that W. W. Grainger will post 13.77 earnings per share for the current year.
In related news, VP John L. Howard sold 19,500 shares of the stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $295.00, for a total transaction of $5,752,500.00. Following the completion of the sale, the vice president now owns 57,906 shares of the company’s stock, valued at approximately $17,082,270. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lucas E. Watson bought 195 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $256.51 per share, with a total value of $50,019.45. The disclosure for this purchase can be found here. 10.10% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Aristotle Capital Management LLC increased its position in W. W. Grainger by 7.9% during the 4th quarter. Aristotle Capital Management LLC now owns 3,272 shares of the industrial products company’s stock worth $773,000 after purchasing an additional 239 shares in the last quarter. NewFocus Financial Group LLC grew its position in W. W. Grainger by 2.3% in the fourth quarter. NewFocus Financial Group LLC now owns 10,754 shares of the industrial products company’s stock valued at $2,541,000 after acquiring an additional 241 shares in the last quarter. Cibc Bank USA grew its position in W. W. Grainger by 4.2% in the fourth quarter. Cibc Bank USA now owns 6,085 shares of the industrial products company’s stock valued at $1,438,000 after acquiring an additional 245 shares in the last quarter. Advisory Services Network LLC grew its position in W. W. Grainger by 107.9% in the fourth quarter. Advisory Services Network LLC now owns 476 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 247 shares in the last quarter. Finally, Reliance Trust Co. of Delaware grew its position in W. W. Grainger by 8.8% in the fourth quarter. Reliance Trust Co. of Delaware now owns 3,152 shares of the industrial products company’s stock valued at $744,000 after acquiring an additional 255 shares in the last quarter. 83.77% of the stock is owned by hedge funds and other institutional investors.
About W. W. Grainger
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.
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