Royal Bank of Canada Reiterates “Sell” Rating for W W Grainger (GWW)

Royal Bank of Canada reaffirmed their sell rating on shares of W W Grainger (NYSE:GWW) in a research note released on Thursday, January 4th. They currently have a $192.00 price objective on the industrial products company’s stock.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of W W Grainger from a hold rating to a sell rating in a report on Tuesday, September 19th. Credit Suisse Group set a $172.00 price objective on shares of W W Grainger and gave the stock a sell rating in a report on Wednesday, October 18th. BMO Capital Markets reaffirmed a market perform rating and issued a $178.00 price objective (up previously from $165.00) on shares of W W Grainger in a report on Monday, October 9th. TheStreet raised shares of W W Grainger from a c+ rating to a b- rating in a report on Wednesday, December 13th. Finally, Wells Fargo & Co set a $210.00 price objective on shares of W W Grainger and gave the stock a hold rating in a report on Wednesday, October 18th. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $195.77.

Shares of W W Grainger (NYSE GWW) traded up $5.97 during trading hours on Thursday, hitting $237.72. 677,700 shares of the company were exchanged, compared to its average volume of 811,500. The company has a current ratio of 2.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $13,550.00, a price-to-earnings ratio of 28.20, a PEG ratio of 2.22 and a beta of 0.82. W W Grainger has a fifty-two week low of $155.00 and a fifty-two week high of $262.71.

W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.34. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.65 billion. W W Grainger had a net margin of 4.83% and a return on equity of 34.25%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.06 earnings per share. analysts forecast that W W Grainger will post 10.71 earnings per share for the current fiscal year.

In related news, VP John L. Howard sold 21,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $220.56, for a total value of $4,631,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Eric R. Tapia sold 190 shares of the company’s stock in a transaction dated 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 sale, the vice president now directly owns 3,748 shares of the company’s stock, valued at approximately $780,558.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,536 shares of company stock valued at $4,741,329. Corporate insiders own 9.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Sawyer & Company Inc acquired a new stake in W W Grainger in the fourth quarter worth about $1,029,000. Atlantic Trust Group LLC raised its position in W W Grainger by 22.1% in the third quarter. Atlantic Trust Group LLC now owns 20,455 shares of the industrial products company’s stock worth $3,676,000 after acquiring an additional 3,708 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in W W Grainger in the third quarter worth about $396,000. Smith Shellnut Wilson LLC ADV raised its position in W W Grainger by 79.8% in the third quarter. Smith Shellnut Wilson LLC ADV now owns 2,266 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 1,006 shares in the last quarter. Finally, Gyroscope Capital Management Group LLC raised its position in W W Grainger by 5.4% in the third quarter. Gyroscope Capital Management Group LLC now owns 31,673 shares of the industrial products company’s stock worth $5,693,000 after acquiring an additional 1,621 shares in the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for W W Grainger (NYSE:GWW)

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