Shares of W W Grainger Inc (NYSE:GWW) have received an average recommendation of “Hold” from the twenty brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $310.92.
Several equities research analysts have recently commented on GWW shares. UBS Group upped their target price on W W Grainger from $340.00 to $365.00 and gave the company a “hold” rating in a report on Thursday, August 30th. Longbow Research reaffirmed a “hold” rating on shares of W W Grainger in a report on Wednesday, October 17th. Oppenheimer upped their target price on W W Grainger from $400.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, September 21st. BMO Capital Markets reduced their target price on W W Grainger from $332.00 to $330.00 and set a “market perform” rating for the company in a report on Wednesday, October 17th. Finally, Gordon Haskett initiated coverage on W W Grainger in a report on Friday, October 12th. They set a “hold” rating for the company.
Shares of GWW stock opened at $300.60 on Monday. W W Grainger has a fifty-two week low of $220.32 and a fifty-two week high of $372.06. The stock has a market cap of $16.93 billion, a P/E ratio of 26.23, a PEG ratio of 1.49 and a beta of 1.11. The company has a quick ratio of 1.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02.
W W Grainger (NYSE:GWW) last announced its earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.96 by $0.23. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter last year, the business posted $2.79 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that W W Grainger will post 16.3 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Stockholders of record on Monday, November 12th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Thursday, November 8th. W W Grainger’s dividend payout ratio (DPR) is presently 47.47%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Financial Architects Inc raised its stake in shares of W W Grainger by 1,195.7% during the 3rd quarter. Financial Architects Inc now owns 298 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 275 shares in the last quarter. Sun Life Financial INC raised its stake in shares of W W Grainger by 60.4% during the 2nd quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 154 shares in the last quarter. First Interstate Bank increased its holdings in shares of W W Grainger by 161.3% during the 3rd quarter. First Interstate Bank now owns 405 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 250 shares during the last quarter. American Beacon Advisors Inc. acquired a new position in shares of W W Grainger during the 3rd quarter valued at about $146,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of W W Grainger during the 2nd quarter valued at about $178,000. 76.93% of the stock is owned by institutional investors.
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.
Featured Article: Investing in Growth Stocks
Receive News & Ratings for W W Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W W Grainger and related companies with MarketBeat.com's FREE daily email newsletter.