W W Grainger Inc (GWW) Cut to Sell at Deutsche Bank AG
W W Grainger Inc (NYSE:GWW) was downgraded by stock analysts at Deutsche Bank AG from a “hold” rating to a “sell” rating in a report issued on Thursday, The Fly reports.
Several other brokerages have also recently issued reports on GWW. Wells Fargo & Co reiterated a “market perform” rating on shares of W W Grainger in a research note on Saturday, January 28th. TheStreet cut W W Grainger from a “b” rating to a “c+” rating in a research note on Wednesday, January 25th. Stifel Nicolaus boosted their price target on W W Grainger from $245.00 to $266.00 and gave the company a “hold” rating in a research note on Friday, January 27th. Barclays PLC reiterated an “equal weight” rating and issued a $239.00 price target (up from $226.00) on shares of W W Grainger in a research note on Thursday, January 26th. Finally, Morgan Stanley boosted their price target on W W Grainger from $229.00 to $233.00 and gave the company an “underweight” rating in a research note on Thursday, January 26th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $226.00.
W W Grainger (NYSE:GWW) opened at 174.77 on Thursday. The company has a market cap of $10.21 billion, a P/E ratio of 17.84 and a beta of 0.82. The company’s 50 day moving average price is $204.41 and its 200 day moving average price is $229.86. W W Grainger has a 52-week low of $173.50 and a 52-week high of $262.71.
W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, April 18th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.99 by $0.11. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.57 billion. W W Grainger had a net margin of 5.98% and a return on equity of 32.79%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.18 earnings per share. Equities research analysts anticipate that W W Grainger will post $10.47 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 8th will be paid a dividend of $1.28 per share. The ex-dividend date is Thursday, May 4th. This is a boost from W W Grainger’s previous quarterly dividend of $1.22. This represents a $5.12 annualized dividend and a yield of 2.93%. W W Grainger’s dividend payout ratio is presently 49.64%.
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In other W W Grainger news, VP Laura D. Brown sold 695 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $249.07, for a total transaction of $173,103.65. Following the completion of the sale, the vice president now directly owns 11,235 shares in the company, valued at $2,798,301.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ronald L. Jadin sold 31,186 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $249.06, for a total value of $7,767,185.16. Following the sale, the vice president now owns 51,645 shares of the company’s stock, valued at $12,862,703.70. The disclosure for this sale can be found here. 9.60% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in W W Grainger by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,438,209 shares of the industrial products company’s stock valued at $1,265,798,000 after buying an additional 192,967 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of W W Grainger by 1.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,753,659 shares of the industrial products company’s stock worth $760,453,000 after buying an additional 44,593 shares during the last quarter. BlackRock Inc. boosted its position in shares of W W Grainger by 1,509.4% in the first quarter. BlackRock Inc. now owns 3,417,297 shares of the industrial products company’s stock worth $795,411,000 after buying an additional 3,204,962 shares during the last quarter. State Street Corp boosted its position in shares of W W Grainger by 5.3% in the fourth quarter. State Street Corp now owns 3,247,283 shares of the industrial products company’s stock worth $754,163,000 after buying an additional 164,272 shares during the last quarter. Finally, Longview Partners Guernsey LTD boosted its position in shares of W W Grainger by 1.5% in the third quarter. Longview Partners Guernsey LTD now owns 3,032,124 shares of the industrial products company’s stock worth $681,743,000 after buying an additional 45,052 shares during the last quarter. Hedge funds and other institutional investors own 80.18% of the company’s stock.
W W Grainger Company Profile
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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