Wells Fargo & Company set a $210.00 price target on W.W. Grainger, Inc. (NYSE:GWW) in a research note issued to investors on Wednesday, October 18th. The firm currently has a hold rating on the industrial products company’s stock.
GWW has been the topic of a number of other research reports. BidaskClub upgraded W.W. Grainger from a sell rating to a hold rating in a report on Wednesday, July 5th. Morgan Stanley cut their target price on W.W. Grainger from $174.00 to $172.00 and set an underweight rating on the stock in a research note on Thursday, July 20th. Royal Bank Of Canada restated a sell rating and issued a $145.00 target price on shares of W.W. Grainger in a research note on Wednesday, September 6th. Credit Suisse Group upgraded W.W. Grainger to a hold rating and set a $175.00 target price on the stock in a research note on Wednesday, July 19th. Finally, KeyCorp reaffirmed a sector weight rating on shares of W.W. Grainger in a research report on Monday, August 21st. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. W.W. Grainger has an average rating of Hold and a consensus price target of $190.85.
Shares of W.W. Grainger (GWW) traded down 0.71% during mid-day trading on Wednesday, hitting $199.76. 999,411 shares of the company traded hands. W.W. Grainger has a 52-week low of $155.00 and a 52-week high of $262.71. The firm has a 50-day moving average price of $182.71 and a 200 day moving average price of $178.13. The firm has a market cap of $11.38 billion, a price-to-earnings ratio of 23.84 and a beta of 0.76.
W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.34. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the company posted $3.06 earnings per share. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that W.W. Grainger will post $10.68 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be paid a dividend of $1.28 per share. The ex-dividend date is Friday, November 10th. This represents a $5.12 annualized dividend and a yield of 2.56%. W.W. Grainger’s dividend payout ratio is currently 60.95%.
In related news, VP Eric R. Tapia sold 190 shares of the firm’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 transaction of $39,569.40. Following the completion of the sale, the vice president now owns 3,748 shares of the company’s stock, valued at $780,558.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.60% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in W.W. Grainger by 2.0% in the second quarter. Vanguard Group Inc. now owns 5,549,453 shares of the industrial products company’s stock worth $1,001,844,000 after acquiring an additional 111,244 shares in the last quarter. Longview Partners Guernsey LTD boosted its holdings in W.W. Grainger by 32.6% in the second quarter. Longview Partners Guernsey LTD now owns 3,755,706 shares of the industrial products company’s stock worth $678,018,000 after acquiring an additional 923,948 shares in the last quarter. BlackRock Inc. boosted its holdings in W.W. Grainger by 1.7% in the second quarter. BlackRock Inc. now owns 3,476,970 shares of the industrial products company’s stock worth $627,699,000 after acquiring an additional 59,673 shares in the last quarter. State Street Corp boosted its holdings in W.W. Grainger by 5.4% in the second quarter. State Street Corp now owns 3,251,383 shares of the industrial products company’s stock worth $586,971,000 after acquiring an additional 165,293 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in W.W. Grainger by 20.0% in the second quarter. Northern Trust Corp now owns 1,288,602 shares of the industrial products company’s stock worth $232,633,000 after acquiring an additional 214,775 shares in the last quarter. Institutional investors and hedge funds own 80.34% of the company’s stock.
W.W. Grainger Company Profile
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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