ValuEngine cut shares of W W Grainger (NYSE:GWW) from a buy rating to a hold rating in a report issued on Wednesday, October 17th.
A number of other analysts have also recently weighed in on GWW. Wolfe Research assumed coverage on W W Grainger in a research report on Wednesday, June 27th. They set a market perform rating on the stock. Zacks Investment Research cut W W Grainger from a buy rating to a hold rating in a research report on Wednesday, June 20th. BMO Capital Markets raised their target price on W W Grainger from $255.00 to $267.00 and gave the company a market perform rating in a research report on Friday, July 6th. Oppenheimer raised their target price on W W Grainger from $350.00 to $380.00 and gave the company an outperform rating in a research report on Thursday, July 19th. Finally, Gabelli cut W W Grainger from a buy rating to a hold rating and set a $386.00 target price on the stock. in a research report on Monday, July 16th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $308.43.
Shares of W W Grainger stock traded up $0.73 on Wednesday, reaching $293.75. 470,989 shares of the company were exchanged, compared to its average volume of 1,121,798. The company has a current ratio of 2.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $16.67 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 1.47 and a beta of 1.06. W W Grainger has a 1-year low of $191.39 and a 1-year high of $372.06.
W W Grainger (NYSE:GWW) last announced its quarterly earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.23. The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.84 billion. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.79 EPS. Sell-side analysts predict that W W Grainger will post 16.29 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Monday, November 12th will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, November 8th. W W Grainger’s payout ratio is currently 47.47%.
In other W W Grainger news, VP John L. Howard sold 14,990 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $368.20, for a total transaction of $5,519,318.00. Following the completion of the transaction, the vice president now directly owns 58,207 shares of the company’s stock, valued at approximately $21,431,817.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Brian P. Anderson sold 1,000 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $360.18, for a total value of $360,180.00. Following the transaction, the director now directly owns 4,040 shares of the company’s stock, valued at $1,455,127.20. The disclosure for this sale can be found here. Company insiders own 10.10% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Trexquant Investment LP bought a new stake in shares of W W Grainger during the 3rd quarter worth $5,253,000. DekaBank Deutsche Girozentrale boosted its stake in shares of W W Grainger by 84.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,587 shares of the industrial products company’s stock worth $3,126,000 after acquiring an additional 3,919 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of W W Grainger by 26.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,778 shares of the industrial products company’s stock worth $7,784,000 after acquiring an additional 4,548 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its stake in shares of W W Grainger by 45.5% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 17,354 shares of the industrial products company’s stock worth $6,202,000 after acquiring an additional 5,424 shares in the last quarter. Finally, Bank of Hawaii boosted its stake in shares of W W Grainger by 13.5% during the 3rd quarter. Bank of Hawaii now owns 5,495 shares of the industrial products company’s stock worth $1,964,000 after acquiring an additional 655 shares in the last quarter. 75.28% of the stock is owned by hedge funds and other institutional investors.
W W Grainger Company Profile
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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