W W Grainger (NYSE:GWW) had its price target upped by stock analysts at Oppenheimer from $400.00 to $410.00 in a note issued to investors on Friday, September 21st, The Fly reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s price target suggests a potential upside of 31.60% from the company’s previous close. Oppenheimer also issued estimates for W W Grainger’s FY2019 earnings at $18.90 EPS.
Other analysts have also recently issued research reports about the company. Macquarie raised their price objective on W W Grainger from $314.00 to $358.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. BMO Capital Markets raised their price objective on W W Grainger from $255.00 to $267.00 and gave the stock a “market perform” rating in a research report on Friday, July 6th. Wells Fargo & Co reiterated a “hold” rating on shares of W W Grainger in a research note on Wednesday, July 18th. UBS Group upgraded W W Grainger from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $240.00 to $340.00 in a research note on Wednesday, July 18th. Finally, Cfra set a $350.00 price objective on W W Grainger and gave the company a “hold” rating in a research note on Wednesday, July 18th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $303.20.
NYSE:GWW traded up $2.54 during midday trading on Friday, hitting $311.54. The stock had a trading volume of 747,640 shares, compared to its average volume of 800,146. W W Grainger has a one year low of $177.71 and a one year high of $372.06. The stock has a market cap of $20.06 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 1.79 and a beta of 0.82. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 1.08.
W W Grainger (NYSE:GWW) last announced its earnings results on Wednesday, July 18th. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.78 by $0.59. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.82 billion. W W Grainger had a return on equity of 42.66% and a net margin of 7.16%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 EPS. On average, sell-side analysts anticipate that W W Grainger will post 16.05 EPS for the current fiscal year.
In other news, VP Eric R. Tapia sold 1,534 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $338.19, for a total transaction of $518,783.46. Following the transaction, the vice president now directly owns 2,278 shares in the company, valued at approximately $770,396.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Donald G. Macpherson sold 21,448 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $342.39, for a total value of $7,343,580.72. Following the transaction, the chairman now owns 39,118 shares in the company, valued at $13,393,612.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,972 shares of company stock worth $13,741,862. 10.10% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the company. Bank of Montreal Can raised its position in shares of W W Grainger by 21.0% during the 3rd quarter. Bank of Montreal Can now owns 489,278 shares of the industrial products company’s stock valued at $174,874,000 after buying an additional 85,068 shares during the period. Montecito Bank & Trust raised its position in shares of W W Grainger by 17.7% during the 3rd quarter. Montecito Bank & Trust now owns 2,163 shares of the industrial products company’s stock valued at $773,000 after buying an additional 326 shares during the period. Mitchell Mcleod Pugh & Williams Inc. purchased a new stake in shares of W W Grainger during the 3rd quarter valued at approximately $204,000. Bremer Trust National Association raised its position in shares of W W Grainger by 35.2% during the 3rd quarter. Bremer Trust National Association now owns 4,649 shares of the industrial products company’s stock valued at $1,662,000 after buying an additional 1,210 shares during the period. Finally, Smith Shellnut Wilson LLC ADV purchased a new stake in shares of W W Grainger during the 3rd quarter valued at approximately $333,000. Institutional investors and hedge funds own 79.15% of the company’s stock.
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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