Shares of W W Grainger Inc (NYSE:GWW) have been assigned an average rating of “Hold” from the eighteen analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $301.53.
A number of brokerages have commented on GWW. Buckingham Research lifted their price target on W W Grainger from $291.00 to $295.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. ValuEngine raised W W Grainger from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Zacks Investment Research raised W W Grainger from a “sell” rating to a “hold” rating and set a $315.00 price target on the stock in a research note on Friday, July 26th. William Blair reaffirmed a “market perform” rating on shares of W W Grainger in a research note on Monday, April 22nd. Finally, Gordon Haskett raised W W Grainger from an “underperform” rating to a “hold” rating and set a $264.58 price target on the stock in a research note on Friday, May 17th.
Shares of NYSE GWW traded up $4.45 during trading hours on Friday, reaching $269.26. 374,700 shares of the stock traded hands, compared to its average volume of 580,043. The company has a market capitalization of $14.69 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92. The company has a quick ratio of 1.32, a current ratio of 2.38 and a debt-to-equity ratio of 0.98. W W Grainger has a 52-week low of $255.09 and a 52-week high of $372.06. The company’s 50-day simple moving average is $274.07 and its two-hundred day simple moving average is $285.66.
W W Grainger (NYSE:GWW) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.65 by ($0.01). The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.97 billion. W W Grainger had a net margin of 7.32% and a return on equity of 46.27%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $4.37 earnings per share. As a group, sell-side analysts forecast that W W Grainger will post 17.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Monday, August 12th will be paid a $1.44 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $5.76 dividend on an annualized basis and a yield of 2.14%. W W Grainger’s dividend payout ratio (DPR) is currently 34.49%.
W W Grainger announced that its Board of Directors has authorized a share buyback program on Wednesday, April 24th that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
In other news, VP Eric R. Tapia sold 180 shares of W W Grainger stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $272.58, for a total value of $49,064.40. The sale was disclosed in a document filed with the SEC, which is available through this link. 8.50% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. Comerica Securities Inc. boosted its holdings in shares of W W Grainger by 11.6% during the 4th quarter. Comerica Securities Inc. now owns 2,024 shares of the industrial products company’s stock worth $571,000 after buying an additional 210 shares during the period. Dimensional Fund Advisors LP raised its stake in W W Grainger by 14.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 329,535 shares of the industrial products company’s stock valued at $93,049,000 after purchasing an additional 40,688 shares during the last quarter. Geode Capital Management LLC raised its stake in W W Grainger by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 698,700 shares of the industrial products company’s stock valued at $196,990,000 after purchasing an additional 24,362 shares during the last quarter. We Are One Seven LLC raised its stake in W W Grainger by 82.3% during the 1st quarter. We Are One Seven LLC now owns 729 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 329 shares during the last quarter. Finally, DNB Asset Management AS acquired a new position in W W Grainger during the 1st quarter valued at $3,073,000. Hedge funds and other institutional investors own 74.28% of the company’s stock.
W W Grainger Company Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.
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