Goldman Sachs reiterated their neutral rating on shares of W W Grainger (NYSE:GWW) in a research note issued to investors on Monday, MarketBeat reports.
A number of other brokerages also recently issued reports on GWW. Stephens reaffirmed a hold rating and set a $264.00 price target on shares of W W Grainger in a report on Thursday, January 25th. BMO Capital Markets lifted their price target on W W Grainger from $235.00 to $242.00 and gave the stock a market perform rating in a report on Friday, March 16th. They noted that the move was a valuation call. Zacks Investment Research downgraded W W Grainger from a hold rating to a strong sell rating in a report on Tuesday, January 16th. Oppenheimer lifted their price target on W W Grainger from $245.00 to $320.00 and gave the stock an outperform rating in a report on Thursday, January 25th. Finally, TheStreet raised W W Grainger from a c+ rating to a b- rating in a report on Wednesday, December 13th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $234.92.
Shares of W W Grainger stock opened at $280.17 on Monday. The stock has a market capitalization of $16,016.41, a PE ratio of 24.91, a price-to-earnings-growth ratio of 2.13 and a beta of 0.87. The company has a current ratio of 2.13, a quick ratio of 1.18 and a debt-to-equity ratio of 1.23. W W Grainger has a fifty-two week low of $155.00 and a fifty-two week high of $298.14.
W W Grainger (NYSE:GWW) last announced its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.76. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.57 billion. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. W W Grainger’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.45 EPS. sell-side analysts predict that W W Grainger will post 13.83 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Monday, February 12th were given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Friday, February 9th. W W Grainger’s dividend payout ratio (DPR) is currently 51.10%.
In other news, Director Lucas E. Watson bought 195 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were acquired at an average price of $256.51 per share, for a total transaction of $50,019.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Eric R. Tapia sold 100 shares of W W Grainger stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $266.06, for a total value of $26,606.00. Following the sale, the vice president now owns 3,563 shares in the company, valued at approximately $947,971.78. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of GWW. Nationwide Fund Advisors increased its position in W W Grainger by 109.0% in the 3rd quarter. Nationwide Fund Advisors now owns 104,375 shares of the industrial products company’s stock valued at $18,761,000 after acquiring an additional 54,425 shares during the period. American Century Companies Inc. increased its position in W W Grainger by 21.7% in the 3rd quarter. American Century Companies Inc. now owns 50,920 shares of the industrial products company’s stock valued at $9,153,000 after acquiring an additional 9,070 shares during the period. Toronto Dominion Bank increased its position in W W Grainger by 9.9% in the 3rd quarter. Toronto Dominion Bank now owns 20,041 shares of the industrial products company’s stock valued at $3,602,000 after acquiring an additional 1,813 shares during the period. Bank of New York Mellon Corp increased its position in W W Grainger by 81.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 730,951 shares of the industrial products company’s stock valued at $131,388,000 after acquiring an additional 327,085 shares during the period. Finally, Comerica Bank increased its position in W W Grainger by 16.2% in the 3rd quarter. Comerica Bank now owns 25,122 shares of the industrial products company’s stock valued at $5,009,000 after acquiring an additional 3,503 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.
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.
Receive News & Ratings for W W Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W W Grainger and related companies with MarketBeat.com's FREE daily email newsletter.