Credit Suisse Group set a $172.00 target price on W.W. Grainger, Inc. (NYSE:GWW) in a research note issued to investors on Wednesday, October 18th. The firm currently has a sell rating on the industrial products company’s stock.
GWW has been the subject of several other reports. BidaskClub upgraded W.W. Grainger from a sell rating to a hold rating in a research report on Wednesday, July 5th. Morgan Stanley decreased their target price on W.W. Grainger from $174.00 to $172.00 and set an underweight rating for the company in a research report on Thursday, July 20th. Royal Bank Of Canada reiterated a sell rating and set a $145.00 target price on shares of W.W. Grainger in a research report on Wednesday, September 6th. KeyCorp restated a sector weight rating on shares of W.W. Grainger in a report on Monday, August 21st. Finally, Zacks Investment Research upgraded W.W. Grainger from a sell rating to a hold rating in a report on Friday, July 21st. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $190.85.
Shares of W.W. Grainger (NYSE GWW) traded down 0.77% on Wednesday, hitting $199.64. 543,452 shares of the company’s stock were exchanged. The firm has a market cap of $11.38 billion, a P/E ratio of 23.83 and a beta of 0.76. The stock’s 50 day moving average is $180.64 and its 200 day moving average is $178.18. W.W. Grainger has a 12 month low of $155.00 and a 12 month high of $262.71.
W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.56 by $0.34. The company 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%. W.W. Grainger’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.06 earnings per share. On average, equities analysts predict that W.W. Grainger will post $10.68 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be given a $1.28 dividend. The ex-dividend date is Friday, November 10th. This represents a $5.12 annualized dividend and a yield of 2.54%. W.W. Grainger’s dividend payout ratio is presently 60.95%.
In other W.W. Grainger news, VP Eric R. Tapia sold 190 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $208.26, for a total value of $39,569.40. Following the sale, the vice president now owns 3,748 shares in the company, valued at approximately $780,558.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 9.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of GWW. Exane Derivatives acquired a new position in W.W. Grainger in the 3rd quarter valued at $101,000. Salem Investment Counselors Inc. raised its stake in W.W. Grainger by 1.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 6 shares during the last quarter. Harfst & Associates Inc. acquired a new position in W.W. Grainger in the 1st quarter valued at $116,000. Chicago Partners Investment Group LLC raised its stake in W.W. Grainger by 18,650.0% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 746 shares during the last quarter. Finally, NEXT Financial Group Inc raised its stake in W.W. Grainger by 12.8% in the 2nd quarter. NEXT Financial Group Inc now owns 883 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 100 shares during the last quarter. 80.34% of the stock is owned by hedge funds and other institutional investors.
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.
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