W W Grainger (NYSE:GWW) had its price target lifted by BMO Capital Markets from $235.00 to $242.00 in a research report sent to investors on Friday. They currently have a market perform rating on the industrial products company’s stock. The analysts noted that the move was a valuation call.
Other equities analysts have also issued research reports about the stock. Robert W. Baird raised shares of W W Grainger from a neutral rating to a buy rating in a research report on Thursday, January 25th. Credit Suisse Group upped their price target on shares of W W Grainger from $190.00 to $240.00 and gave the stock an underperform rating in a research report on Thursday, January 25th. Stifel Nicolaus reaffirmed a hold rating and set a $278.00 price target on shares of W W Grainger in a research report on Friday, January 26th. Wells Fargo upped their price target on shares of W W Grainger from $220.00 to $260.00 and gave the stock a market perform rating in a research report on Thursday, January 25th. Finally, Zacks Investment Research raised shares of W W Grainger from a hold rating to a buy rating and set a $319.00 price target for the company in a research report on Tuesday, January 30th. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $234.92.
Shares of W W Grainger (NYSE GWW) traded up $7.47 on Friday, reaching $288.75. 1,297,347 shares of the company’s stock were exchanged, compared to its average volume of 692,339. The company has a current ratio of 2.13, a quick ratio of 1.18 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $15,781.33, a PE ratio of 28.82, a P/E/G ratio of 2.10 and a beta of 0.87. W W Grainger has a one year low of $155.00 and a one year high of $298.14.
W W Grainger (NYSE:GWW) last posted its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.76. W W Grainger had a net margin of 5.62% and a return on equity of 35.76%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the business posted $2.45 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. research analysts predict that W W Grainger will post 13.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Monday, February 12th were paid a dividend of $1.28 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $5.12 annualized dividend and a yield of 1.77%. W W Grainger’s dividend payout ratio is currently 51.10%.
In other news, VP Eric R. Tapia sold 100 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $266.06, for a total value of $26,606.00. Following the completion of the transaction, the vice president now directly owns 3,563 shares in the company, valued at $947,971.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Laura D. Brown sold 9,158 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $232.86, for a total transaction of $2,132,531.88. Following the completion of the transaction, the vice president now owns 16,893 shares of the company’s stock, valued at $3,933,703.98. The disclosure for this sale can be found here. 9.60% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC raised its holdings in W W Grainger by 107.9% in the fourth quarter. Advisory Services Network LLC now owns 476 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 247 shares in the last quarter. Westside Investment Management Inc. bought a new position in W W Grainger in the 3rd quarter valued at about $107,000. Fieldpoint Private Securities LLC bought a new position in W W Grainger in the 3rd quarter valued at about $133,000. Tower Research Capital LLC TRC grew its position in W W Grainger by 420.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 781 shares of the industrial products company’s stock valued at $185,000 after buying an additional 631 shares in the last quarter. Finally, Glenview State Bank Trust DEPT. bought a new position in W W Grainger in the 4th quarter valued at about $202,000. Institutional investors and hedge funds own 83.66% of the company’s stock.
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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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