W W Grainger (NYSE:GWW)‘s stock had its “underperform” rating reiterated by investment analysts at Credit Suisse Group in a research note issued to investors on Tuesday, January 9th, The Fly reports. They currently have a $190.00 price target on the industrial products company’s stock, up from their prior price target of $172.00. Credit Suisse Group’s target price indicates a potential downside of 26.84% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on GWW. Zacks Investment Research cut W W Grainger from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Morgan Stanley reaffirmed an “underweight” rating and issued a $178.00 price objective (up from $172.00) on shares of W W Grainger in a research note on Monday, October 2nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $178.00 price objective (up from $165.00) on shares of W W Grainger in a research note on Monday, October 9th. Royal Bank of Canada lifted their price objective on W W Grainger from $145.00 to $146.00 and gave the company an “underperform” rating in a research note on Wednesday, October 18th. Finally, Wells Fargo & Co set a $210.00 price objective on W W Grainger and gave the company a “hold” rating in a research note on Wednesday, October 18th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $234.38.
W W Grainger (NYSE:GWW) traded down $6.44 on Tuesday, reaching $259.69. The company’s stock had a trading volume of 840,244 shares, compared to its average volume of 1,367,627. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 1.23. The stock has a market cap of $14,628.08, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.95 and a beta of 0.88. W W Grainger has a 52 week low of $155.00 and a 52 week high of $298.14.
W W Grainger (NYSE:GWW) last posted its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.94 EPS for the quarter, beating the consensus estimate of $2.18 by $0.76. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.57 billion. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.45 EPS. equities research analysts predict that W W Grainger will post 13.83 EPS for the current year.
In related news, VP Eric R. Tapia sold 100 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $266.06, for a total transaction of $26,606.00. Following the transaction, the vice president now directly owns 3,563 shares of the company’s stock, valued at approximately $947,971.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John L. Howard sold 21,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $220.56, for a total value of $4,631,760.00. The disclosure for this sale can be found here. Insiders have sold a total of 30,258 shares of company stock worth $6,790,898 over the last three months. 9.60% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of GWW. Longview Partners Guernsey LTD increased its holdings in W W Grainger by 33.2% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,001,477 shares of the industrial products company’s stock worth $899,015,000 after purchasing an additional 1,245,771 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in W W Grainger by 224.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,225,728 shares of the industrial products company’s stock worth $220,325,000 after purchasing an additional 848,192 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in W W Grainger by 1,082.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 904,298 shares of the industrial products company’s stock worth $163,253,000 after purchasing an additional 827,796 shares during the last quarter. Koch Industries Inc. increased its holdings in W W Grainger by 27,293.0% during the 2nd quarter. Koch Industries Inc. now owns 471,433 shares of the industrial products company’s stock worth $469,000 after purchasing an additional 469,712 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in W W Grainger by 81.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 730,951 shares of the industrial products company’s stock worth $131,388,000 after purchasing an additional 327,085 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.
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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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