W W Grainger’s (GWW) “Sell” Rating Reiterated at Royal Bank of Canada

W W Grainger (NYSE:GWW)‘s stock had its “sell” rating reaffirmed by equities research analysts at Royal Bank of Canada in a report released on Thursday. They currently have a $192.00 price objective on the industrial products company’s stock. Royal Bank of Canada’s target price would suggest a potential downside of 18.66% from the company’s current price.

Several other brokerages have also recently issued reports on GWW. TheStreet raised shares of W W Grainger from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. UBS Group cut shares of W W Grainger from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $170.00 to $195.00 in a research note on Thursday, October 19th. Atlantic Securities raised shares of W W Grainger from an “underweight” rating to a “neutral” rating in a research note on Thursday, October 19th. Credit Suisse Group set a $172.00 price objective on shares of W W Grainger and gave the stock a “sell” rating in a research note on Wednesday, October 18th. Finally, Morgan Stanley set a $185.00 price objective on shares of W W Grainger and gave the stock a “sell” rating in a research note on Wednesday, October 18th. Seven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. W W Grainger currently has a consensus rating of “Hold” and a consensus price target of $194.38.

Shares of W W Grainger (NYSE GWW) traded up $1.83 on Thursday, hitting $236.06. 950,354 shares of the stock traded hands, compared to its average volume of 750,095. The firm has a market cap of $13,450.00, a PE ratio of 28.00, a P/E/G ratio of 2.20 and a beta of 0.82. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.28 and a quick ratio of 1.28. W W Grainger has a 12 month low of $155.00 and a 12 month high of $262.71.

W W Grainger (NYSE:GWW) last announced its quarterly earnings data 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 net margin of 4.83% and a return on equity of 34.25%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.06 EPS. equities research analysts forecast that W W Grainger will post 10.71 earnings per share for the current fiscal year.

In related news, VP Paige K. Robbins sold 346 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $202.31, for a total transaction of $69,999.26. Following the completion of the sale, the vice president now directly owns 8,400 shares in the company, valued at $1,699,404. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Eric R. Tapia sold 190 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $208.26, for a total transaction of $39,569.40. Following the sale, the vice president now owns 3,748 shares of the company’s stock, valued at $780,558.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,536 shares of company stock valued at $4,741,329. 9.60% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in W W Grainger by 2.0% during the second quarter. Vanguard Group Inc. now owns 5,549,453 shares of the industrial products company’s stock valued at $1,001,844,000 after acquiring an additional 111,244 shares in the last quarter. Longview Partners Guernsey LTD raised its position in W W Grainger by 33.2% during the third quarter. Longview Partners Guernsey LTD now owns 5,001,477 shares of the industrial products company’s stock valued at $899,015,000 after acquiring an additional 1,245,771 shares in the last quarter. BlackRock Inc. raised its position in W W Grainger by 1.7% during the second quarter. BlackRock Inc. now owns 3,476,970 shares of the industrial products company’s stock valued at $627,699,000 after acquiring an additional 59,673 shares in the last quarter. State Street Corp raised its position in W W Grainger by 5.4% during the second quarter. State Street Corp now owns 3,251,383 shares of the industrial products company’s stock valued at $586,971,000 after acquiring an additional 165,293 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in W W Grainger by 13.0% during the third quarter. Mackenzie Financial Corp now owns 2,103,608 shares of the industrial products company’s stock valued at $378,124,000 after acquiring an additional 242,827 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

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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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