W W Grainger’s (GWW) “Hold” Rating Reiterated at Stephens

W W Grainger (NYSE:GWW)‘s stock had its “hold” rating restated by analysts at Stephens in a research note issued to investors on Thursday. They currently have a $264.00 price objective on the industrial products company’s stock. Stephens’ price target suggests a potential downside of 7.45% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. TheStreet raised shares of W W Grainger from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. Oppenheimer reissued a “buy” rating and issued a $245.00 price target on shares of W W Grainger in a report on Monday, November 13th. Wells Fargo & Co set a $210.00 price target on shares of W W Grainger and gave the company a “hold” rating in a report on Wednesday, October 18th. KeyCorp reissued a “hold” rating on shares of W W Grainger in a report on Monday, November 13th. Finally, Zacks Investment Research raised shares of W W Grainger from a “strong sell” rating to a “hold” rating in a report on Monday, January 22nd. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. W W Grainger has an average rating of “Hold” and a consensus price target of $227.33.

W W Grainger (GWW) traded down $1.18 during mid-day trading on Thursday, reaching $285.26. 1,362,080 shares of the company traded hands, compared to its average volume of 1,186,703. The firm has a market capitalization of $16,134.84, a P/E ratio of 28.47, a P/E/G ratio of 2.11 and a beta of 0.82. W W Grainger has a 1-year low of $155.00 and a 1-year high of $298.14. The company has a quick ratio of 1.28, a current ratio of 2.13 and a debt-to-equity ratio of 1.23.

W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.76. W W Grainger had a net margin of 5.62% and a return on equity of 35.76%. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the company earned $2.45 EPS. W W Grainger’s revenue was up 6.5% on a year-over-year basis. sell-side analysts expect that W W Grainger will post 14 EPS for the current fiscal year.

In other news, VP Laura D. Brown sold 9,158 shares of the company’s stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John L. Howard sold 21,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $220.56, for a total value of $4,631,760.00. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of GWW. Exane Derivatives acquired a new position in shares of W W Grainger in the 3rd quarter valued at about $101,000. Westside Investment Management Inc. acquired a new position in shares of W W Grainger in the 3rd quarter valued at about $107,000. Salem Investment Counselors Inc. increased its holdings in shares of W W Grainger by 1.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 6 shares during the period. Fieldpoint Private Securities LLC acquired a new position in shares of W W Grainger in the 3rd quarter valued at about $133,000. Finally, Legacy Advisors LLC acquired a new position in shares of W W Grainger in the 3rd quarter valued at about $198,000. Institutional investors own 85.00% of the company’s stock.

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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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