Atlantic Securities Upgrades W.W. Grainger, Inc. (NYSE:GWW) to “Neutral”

W.W. Grainger, Inc. (NYSE:GWW) was upgraded by research analysts at Atlantic Securities from an “underweight” rating to a “neutral” rating in a report released on Thursday, October 19th, Marketbeat.com reports.

A number of other analysts have also commented on GWW. BidaskClub upgraded W.W. Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Wells Fargo & Company reiterated a “market perform” rating and issued a $174.00 price objective (down from $202.50) on shares of W.W. Grainger in a research report on Wednesday, July 12th. Credit Suisse Group upgraded W.W. Grainger to a “hold” rating and set a $175.00 price objective for the company in a research report on Wednesday, July 19th. Morgan Stanley lowered their price objective 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. Finally, Zacks Investment Research upgraded W.W. Grainger from a “sell” rating to a “hold” rating in a report on Friday, July 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. The company presently has a consensus rating of “Hold” and an average price target of $190.85.

Shares of W.W. Grainger (NYSE GWW) opened at 199.76 on Thursday. The company’s 50-day moving average is $180.64 and its 200-day moving average is $178.18. W.W. Grainger has a 52 week low of $155.00 and a 52 week high of $262.71. The firm has a market cap of $11.38 billion, a PE ratio of 23.84 and a beta of 0.76.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, topping the Zacks’ consensus estimate of $2.56 by $0.34. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.65 billion. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the company earned $3.06 earnings per share. Analysts forecast that W.W. Grainger will post $10.68 EPS for the current fiscal year.

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In other W.W. Grainger news, VP Eric R. Tapia sold 190 shares of the business’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 transaction, the vice president now owns 3,748 shares of the company’s stock, valued at approximately $780,558.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.60% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of GWW. Exane Derivatives acquired a new position in shares of W.W. Grainger during the 3rd quarter worth approximately $101,000. Salem Investment Counselors Inc. increased its holdings in shares of W.W. Grainger by 1.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 6 shares during the last quarter. Harfst & Associates Inc. acquired a new position in shares of W.W. Grainger during the 1st quarter worth approximately $116,000. Chicago Partners Investment Group LLC increased its holdings in shares of W.W. Grainger by 18,650.0% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock worth $155,000 after acquiring an additional 746 shares during the last quarter. Finally, NEXT Financial Group Inc increased its holdings in shares of W.W. Grainger by 12.8% during the 2nd quarter. NEXT Financial Group Inc now owns 883 shares of the industrial products company’s stock worth $159,000 after acquiring an additional 100 shares during the last quarter. 80.34% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for W.W. Grainger (NYSE:GWW)

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