Stephens set a $282.00 target price on W. W. Grainger (NYSE:GWW) in a research note issued to investors on Friday. The firm currently has a hold rating on the industrial products company’s stock.
Several other research firms have also commented on GWW. Zacks Investment Research lowered W. W. Grainger from a buy rating to a hold rating and set a $327.00 price objective on the stock. in a research report on Wednesday, April 11th. BMO Capital Markets upped their price objective on W. W. Grainger from $235.00 to $242.00 and gave the stock a market perform rating in a research report on Friday, March 16th. They noted that the move was a valuation call. Oppenheimer upped their price objective on W. W. Grainger from $245.00 to $320.00 and gave the stock an outperform rating in a research report on Thursday, January 25th. Deutsche Bank set a $275.00 price objective on W. W. Grainger and gave the stock a hold rating in a research report on Friday, April 6th. Finally, Robert W. Baird upgraded W. W. Grainger from a neutral rating to a buy rating in a research report on Thursday, January 25th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. W. W. Grainger presently has an average rating of Hold and an average target price of $246.92.
Shares of NYSE GWW opened at $284.12 on Friday. The company has a market capitalization of $15,631.53, a P/E ratio of 24.79, a PEG ratio of 2.09 and a beta of 0.80. W. W. Grainger has a 52 week low of $155.00 and a 52 week high of $298.14. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.18 and a current ratio of 2.13.
W. W. Grainger (NYSE:GWW) last issued its earnings results on Wednesday, January 24th. The industrial products company reported $2.94 EPS for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.76. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.57 billion. W. W. Grainger had a return on equity of 35.76% and a net margin of 5.62%. W. W. Grainger’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.45 earnings per share. sell-side analysts predict that W. W. Grainger will post 13.77 earnings per share for the current fiscal year.
In other news, VP Eric R. Tapia sold 100 shares of the company’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 completion of the transaction, the vice president now directly owns 3,563 shares of the company’s stock, valued at approximately $947,971.78. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lucas E. Watson bought 195 shares of W. W. Grainger stock in a transaction dated Monday, February 5th. The shares were acquired at an average cost of $256.51 per share, with a total value of $50,019.45. The disclosure for this purchase can be found here. Corporate insiders own 10.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Aristotle Capital Management LLC raised its stake in W. W. Grainger by 7.9% in the 4th quarter. Aristotle Capital Management LLC now owns 3,272 shares of the industrial products company’s stock valued at $773,000 after purchasing an additional 239 shares during the last quarter. NewFocus Financial Group LLC raised its stake in W. W. Grainger by 2.3% in the 4th quarter. NewFocus Financial Group LLC now owns 10,754 shares of the industrial products company’s stock valued at $2,541,000 after purchasing an additional 241 shares during the last quarter. Cibc Bank USA raised its stake in W. W. Grainger by 4.2% in the 4th quarter. Cibc Bank USA now owns 6,085 shares of the industrial products company’s stock valued at $1,438,000 after purchasing an additional 245 shares during the last quarter. Advisory Services Network LLC raised its stake in W. W. Grainger by 107.9% in the 4th quarter. Advisory Services Network LLC now owns 476 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 247 shares during the last quarter. Finally, Reliance Trust Co. of Delaware raised its stake in W. W. Grainger by 8.8% in the 4th quarter. Reliance Trust Co. of Delaware now owns 3,152 shares of the industrial products company’s stock valued at $744,000 after purchasing an additional 255 shares during the last quarter. 83.77% of the stock is owned by hedge funds and other institutional investors.
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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.
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