W.W. Grainger, Inc. (GWW) Upgraded at Atlantic Securities
W.W. Grainger, Inc. (NYSE:GWW) was upgraded by research analysts at Atlantic Securities from an “underweight” rating to a “neutral” rating in a research report issued on Thursday, MarketBeat.com reports.
Several other analysts have also recently issued reports on GWW. Oppenheimer Holdings, Inc. raised W.W. Grainger from a “market perform” rating to an “outperform” rating and set a $245.00 target price on the stock in a research note on Wednesday. Royal Bank Of Canada raised their target price on W.W. Grainger from $145.00 to $146.00 and gave the stock an “underperform” rating in a research note on Wednesday. Wells Fargo & Company set a $210.00 target price on W.W. Grainger and gave the stock a “hold” rating in a research note on Wednesday. BMO Capital Markets reissued a “market perform” rating and issued a $194.00 target price (up from $178.00) on shares of W.W. Grainger in a research note on Wednesday. Finally, Credit Suisse Group set a $172.00 price objective on shares of W.W. Grainger and gave the stock a “sell” rating in a report on Wednesday. Seven research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $190.85.
Shares of W.W. Grainger (NYSE:GWW) traded up 1.54% during midday trading on Thursday, reaching $207.81. The company had a trading volume of 881,352 shares. The company has a 50 day moving average of $177.81 and a 200 day moving average of $179.17. The company has a market capitalization of $11.84 billion, a PE ratio of 24.80 and a beta of 0.76. W.W. Grainger has a one year low of $155.00 and a one year high of $262.71.
W.W. Grainger (NYSE:GWW) last posted its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.56 by $0.34. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.65 billion. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. W.W. Grainger’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $3.06 earnings per share. Analysts predict that W.W. Grainger will post $10.68 EPS for the current fiscal year.
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In other news, VP Eric R. Tapia sold 190 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $208.26, for a total transaction of $39,569.40. Following the completion of the sale, the vice president now owns 3,748 shares of the company’s stock, valued at approximately $780,558.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 9.60% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. APG Asset Management N.V. lifted its stake in W.W. Grainger by 9.0% in the 3rd quarter. APG Asset Management N.V. now owns 504,347 shares of the industrial products company’s stock worth $90,656,000 after purchasing an additional 41,700 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its stake in W.W. Grainger by 2.5% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 12,805 shares of the industrial products company’s stock worth $2,302,000 after purchasing an additional 313 shares in the last quarter. LS Investment Advisors LLC lifted its stake in W.W. Grainger by 12.1% in the 3rd quarter. LS Investment Advisors LLC now owns 17,286 shares of the industrial products company’s stock worth $3,107,000 after purchasing an additional 1,861 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in W.W. Grainger by 19.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,435 shares of the industrial products company’s stock worth $8,346,000 after purchasing an additional 7,544 shares in the last quarter. Finally, Ronna Sue Cohen purchased a new stake in W.W. Grainger in the 3rd quarter worth $3,651,000. Institutional investors and hedge funds own 80.48% 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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