W.W. Grainger, Inc. (NYSE:GWW) was downgraded by UBS AG from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Thursday, 99wallstreet.com reports. They presently have a $195.00 target price on the industrial products company’s stock, up from their previous target price of $170.00. UBS AG’s target price suggests a potential downside of 6.16% from the company’s current price.

A number of other brokerages have also recently commented on GWW. Zacks Investment Research cut shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Atlantic Securities raised shares of W.W. Grainger from an “underweight” rating to a “neutral” rating in a research note on Thursday. Credit Suisse Group reissued an “underperform” rating and issued a $150.00 price objective (down from $175.00) on shares of W.W. Grainger in a research note on Thursday, July 20th. BMO Capital Markets reissued a “market perform” rating and issued a $178.00 price objective (up from $165.00) on shares of W.W. Grainger in a research note on Monday, October 9th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $174.00 price objective (down from $202.50) on shares of W.W. Grainger in a research note on Wednesday, July 12th. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $190.85.

Shares of W.W. Grainger (NYSE:GWW) traded up 1.54% on Thursday, hitting $207.81. 881,352 shares of the company traded hands. W.W. Grainger has a 12 month low of $155.00 and a 12 month high of $262.71. The company has a market capitalization of $11.84 billion, a PE ratio of 24.80 and a beta of 0.76. The stock’s 50-day moving average price is $177.81 and its 200-day moving average price is $179.17.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.56 by $0.34. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the prior year, the company posted $3.06 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities analysts predict that W.W. Grainger will post $10.68 earnings per share for the current year.

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In related news, VP Eric R. Tapia sold 190 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $208.26, for a total value of $39,569.40. Following the transaction, the vice president now owns 3,748 shares in the company, valued at $780,558.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 9.60% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of GWW. BlackRock Inc. raised its stake in shares of W.W. Grainger by 1,509.4% during the first quarter. BlackRock Inc. now owns 3,417,297 shares of the industrial products company’s stock valued at $795,411,000 after purchasing an additional 3,204,962 shares during the period. Longview Partners Guernsey LTD raised its stake in shares of W.W. Grainger by 32.6% during the second quarter. Longview Partners Guernsey LTD now owns 3,755,706 shares of the industrial products company’s stock valued at $678,018,000 after purchasing an additional 923,948 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of W.W. Grainger by 1,082.1% during the second quarter. The Manufacturers Life Insurance Company now owns 904,298 shares of the industrial products company’s stock valued at $163,253,000 after purchasing an additional 827,796 shares during the period. Koch Industries Inc. raised its stake in shares of W.W. Grainger by 27,293.0% during the second quarter. Koch Industries Inc. now owns 471,433 shares of the industrial products company’s stock valued at $469,000 after purchasing an additional 469,712 shares during the period. Finally, APG Asset Management N.V. raised its stake in shares of W.W. Grainger by 655.0% during the second quarter. APG Asset Management N.V. now owns 462,647 shares of the industrial products company’s stock valued at $83,522,000 after purchasing an additional 401,371 shares during the period. Institutional investors own 80.48% 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.

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

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