W W Grainger (GWW) Now Covered by Analysts at UBS Group

UBS Group started coverage on shares of W W Grainger (NYSE:GWW) in a research report issued on Tuesday, www.tipranks.com reports. The brokerage set a “sell” rating and a $215.00 price target on the industrial products company’s stock. UBS Group’s price objective would suggest a potential downside of 6.46% from the stock’s previous close.

A number of other brokerages also recently issued reports on GWW. Morgan Stanley restated an “underweight” rating and set a $178.00 price target (up previously from $172.00) on shares of W W Grainger in a report on Monday, October 2nd. BMO Capital Markets restated a “market perform” rating and set a $178.00 price target (up previously from $165.00) on shares of W W Grainger in a report on Monday, October 9th. Royal Bank of Canada boosted their price target on W W Grainger from $145.00 to $146.00 and gave the company an “underperform” rating in a report on Wednesday, October 18th. Wells Fargo & Co set a $210.00 price target on W W Grainger and gave the company a “hold” rating in a report on Wednesday, October 18th. Finally, Oppenheimer upgraded W W Grainger from a “market perform” rating to an “outperform” rating and set a $245.00 price target on the stock in a report on Wednesday, October 18th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $197.31.

Shares of W W Grainger (GWW) opened at $229.86 on Tuesday. W W Grainger has a 52 week low of $155.00 and a 52 week high of $262.71. The company has a quick ratio of 1.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $13,108.98, a PE ratio of 27.36, a PEG ratio of 2.12 and a beta of 0.82.

In other W W Grainger news, VP John L. Howard sold 21,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $220.56, for a total transaction of $4,631,760.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Laura D. Brown sold 9,158 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $232.86, for a total value of $2,132,531.88. Following the transaction, the vice president now owns 16,893 shares in the company, valued at approximately $3,933,703.98. The disclosure for this sale can be found here. Insiders have sold a total of 30,504 shares of company stock worth $6,834,291 in the last quarter. Company insiders own 9.60% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Welch & Forbes LLC grew its stake in shares of W W Grainger by 0.3% in the 1st quarter. Welch & Forbes LLC now owns 865 shares of the industrial products company’s stock worth $201,000 after buying an additional 3 shares during the last quarter. Cypress Wealth Advisors LLC grew its stake in shares of W W Grainger by 0.4% in the 1st quarter. Cypress Wealth Advisors LLC now owns 988 shares of the industrial products company’s stock worth $230,000 after buying an additional 4 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of W W Grainger by 0.3% in the 1st quarter. Raymond James Trust N.A. now owns 1,662 shares of the industrial products company’s stock worth $388,000 after buying an additional 5 shares during the last quarter. BB&T Corp grew its stake in shares of W W Grainger by 0.3% in the 2nd quarter. BB&T Corp now owns 1,923 shares of the industrial products company’s stock worth $437,000 after buying an additional 5 shares during the last quarter. Finally, Verus Financial Partners Inc. grew its stake in shares of W W Grainger by 0.5% in the 1st quarter. Verus Financial Partners Inc. now owns 1,172 shares of the industrial products company’s stock worth $273,000 after buying an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This article was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/01/23/w-w-grainger-gww-now-covered-by-analysts-at-ubs-group.html.

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)

Receive News & Ratings for W W Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W W Grainger and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply