W W Grainger Inc (GWW) Rating Reiterated by BMO Capital Markets
W W Grainger Inc (NYSE:GWW)‘s stock had its “hold” rating reissued by research analysts at BMO Capital Markets in a report issued on Thursday. They presently have a $198.00 price objective on the industrial products company’s stock. BMO Capital Markets’ price target indicates a potential upside of 11.67% from the company’s current price.
GWW has been the topic of several other research reports. TheStreet raised shares of W W Grainger from a “c+” rating to a “b-” rating in a research note on Monday, February 27th. Wells Fargo & Co reaffirmed a “market perform” rating on shares of W W Grainger in a research note on Saturday, January 28th. Zacks Investment Research cut shares of W W Grainger from a “hold” rating to a “strong sell” rating in a research note on Friday, April 21st. Barclays PLC reaffirmed an “equal weight” rating and issued a $239.00 price objective (up previously from $226.00) on shares of W W Grainger in a research note on Thursday, January 26th. Finally, Deutsche Bank AG raised shares of W W Grainger from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $194.00 to $246.00 in a research note on Thursday, January 26th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. W W Grainger currently has a consensus rating of “Hold” and a consensus target price of $208.44.
Shares of W W Grainger (NYSE:GWW) traded up 0.07% during mid-day trading on Thursday, hitting $177.44. 313,443 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $196.24 and a 200-day moving average price of $228.80. W W Grainger has a 1-year low of $170.21 and a 1-year high of $262.71. The stock has a market cap of $10.36 billion, a P/E ratio of 18.12 and a beta of 0.82.
W W Grainger (NYSE:GWW) last announced its quarterly earnings data on Tuesday, April 18th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.99 by $0.11. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.57 billion. W W Grainger had a return on equity of 32.79% and a net margin of 5.98%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.18 EPS. Equities research analysts anticipate that W W Grainger will post $10.40 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 8th will be issued a dividend of $1.28 per share. This is a boost from W W Grainger’s previous quarterly dividend of $1.22. This represents a $5.12 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Thursday, May 4th. W W Grainger’s dividend payout ratio (DPR) is currently 49.64%.
In related news, VP Ronald L. Jadin sold 31,186 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $249.06, for a total transaction of $7,767,185.16. Following the completion of the sale, the vice president now directly owns 51,645 shares in the company, valued at $12,862,703.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Laura D. Brown sold 695 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 11,235 shares of the company’s stock, valued at $2,798,301.45. The disclosure for this sale can be found here. Company insiders own 9.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in 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 valued at $795,411,000 after buying an additional 3,204,962 shares in the last quarter. Wellington Management Group LLP bought a new stake in W W Grainger during the first quarter valued at approximately $147,000,000. Norges Bank bought a new stake in W W Grainger during the fourth quarter valued at approximately $114,153,000. Renaissance Technologies LLC bought a new stake in W W Grainger during the first quarter valued at approximately $69,991,000. Finally, Allianz Asset Management AG boosted its stake in W W Grainger by 177.7% in the fourth quarter. Allianz Asset Management AG now owns 390,177 shares of the industrial products company’s stock valued at $90,618,000 after buying an additional 249,674 shares in the last quarter. Institutional investors and hedge funds own 80.18% of the company’s stock.
About W W Grainger
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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