BMO Capital Markets Raises W. W. Grainger (GWW) Price Target to $242.00

W. W. Grainger (NYSE:GWW) had its price target boosted by BMO Capital Markets from $235.00 to $242.00 in a report issued on Friday, March 16th. BMO Capital Markets currently has a market perform rating on the industrial products company’s stock. The analysts noted that the move was a valuation call.

Several other equities analysts have also weighed in on GWW. TheStreet raised shares of W. W. Grainger from a c+ rating to a b- rating in a report on Wednesday, December 13th. Royal Bank of Canada reaffirmed a sell rating and set a $192.00 target price on shares of W. W. Grainger in a research note on Thursday, January 4th. Credit Suisse Group reaffirmed an underperform rating and set a $190.00 target price (up previously from $172.00) on shares of W. W. Grainger in a research note on Tuesday, January 9th. They noted that the move was a valuation call. Zacks Investment Research lowered W. W. Grainger from a hold rating to a strong sell rating in a report on Tuesday, January 16th. Finally, UBS initiated coverage on W. W. Grainger in a report on Tuesday, January 23rd. They set a sell rating and a $215.00 price target on the stock. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. W. W. Grainger has a consensus rating of Hold and an average price target of $244.85.

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GWW traded down $7.10 during trading on Friday, reaching $286.67. 849,709 shares of the company’s stock were exchanged, compared to its average volume of 749,195. W. W. Grainger has a 1 year low of $155.00 and a 1 year high of $298.14. 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 $16,083.62, a PE ratio of 25.01, a P/E/G ratio of 2.15 and a beta of 0.81.

W. W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.76. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.57 billion. W. W. Grainger had a net margin of 5.62% and a return on equity of 35.76%. W. W. Grainger’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $2.45 EPS. analysts predict that W. W. Grainger will post 13.76 EPS for the current fiscal year.

In other news, VP Laura D. Brown sold 9,158 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $232.86, for a total value of $2,132,531.88. Following the completion of the sale, the vice president now directly owns 16,893 shares of the company’s stock, valued at $3,933,703.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John L. Howard sold 19,500 shares of the stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $295.00, for a total value of $5,752,500.00. Following the completion of the sale, the vice president now directly owns 57,906 shares of the company’s stock, valued at $17,082,270. The disclosure for this sale can be found here. Insiders sold 28,758 shares of company stock valued at $7,911,638 over the last ninety days. 10.10% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its stake in shares of W. W. Grainger by 107.9% during the fourth quarter. Advisory Services Network LLC now owns 476 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 247 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in shares of W. W. Grainger during the third quarter worth approximately $107,000. Fieldpoint Private Securities LLC purchased a new position in W. W. Grainger in the third quarter worth $133,000. Tower Research Capital LLC TRC raised its position in W. W. Grainger by 420.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 781 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 631 shares in the last quarter. Finally, Glenview State Bank Trust DEPT. purchased a new position in W. W. Grainger in the fourth quarter worth $202,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

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W. W. Grainger Company Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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

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