Shares of W.W. Grainger, Inc. (NYSE:GWW) have been given a consensus recommendation of “Hold” by the eighteen brokerages that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $179.92.

GWW has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of W.W. Grainger from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Credit Suisse Group reiterated an “underperform” rating and issued a $150.00 price objective (down previously from $175.00) on shares of W.W. Grainger in a research note on Thursday, July 20th. Wells Fargo & Company reiterated a “market perform” rating and issued a $174.00 price objective (down previously from $202.50) on shares of W.W. Grainger in a research note on Wednesday, July 12th. BidaskClub upgraded shares of W.W. Grainger from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $178.00 price objective (up previously from $172.00) on shares of W.W. Grainger in a research note on Monday.

Several hedge funds have recently modified their holdings of the company. Cypress Wealth Advisors LLC increased its stake in shares of W.W. Grainger by 0.4% during the 1st quarter. Cypress Wealth Advisors LLC now owns 988 shares of the industrial products company’s stock worth $230,000 after purchasing an additional 4 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in shares of W.W. Grainger by 1.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 6 shares during the last quarter. Trust Co. of Vermont increased its stake in shares of W.W. Grainger by 0.7% during the 2nd quarter. Trust Co. of Vermont now owns 1,293 shares of the industrial products company’s stock worth $234,000 after purchasing an additional 9 shares during the last quarter. Brown Advisory Securities LLC increased its stake in shares of W.W. Grainger by 1.5% during the 1st quarter. Brown Advisory Securities LLC now owns 1,001 shares of the industrial products company’s stock worth $232,000 after purchasing an additional 15 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in shares of W.W. Grainger by 1.2% during the 2nd quarter. Profund Advisors LLC now owns 1,394 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 17 shares during the last quarter. Institutional investors own 80.58% of the company’s stock.

W.W. Grainger (GWW) traded down 0.80% during mid-day trading on Wednesday, hitting $180.90. The company had a trading volume of 849,388 shares. W.W. Grainger has a 12-month low of $155.00 and a 12-month high of $262.71. The company’s 50 day moving average price is $168.07 and its 200-day moving average price is $183.07. The firm has a market capitalization of $10.44 billion, a PE ratio of 20.85 and a beta of 0.76.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.65 by $0.09. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the prior year, the business posted $2.89 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, analysts forecast that W.W. Grainger will post $10.37 EPS for the current fiscal year.

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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.

Analyst Recommendations for W.W. Grainger (NYSE:GWW)

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