W W Grainger Inc (GWW) Given Consensus Rating of “Hold” by Brokerages

Shares of W W Grainger Inc (NYSE:GWW) have received a consensus recommendation of “Hold” from the twenty analysts that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $234.38.

A number of equities analysts have weighed in on GWW shares. Atlantic Securities raised W W Grainger from an “underweight” rating to a “neutral” rating in a research note on Thursday, October 19th. Royal Bank of Canada boosted their price objective on W W Grainger from $146.00 to $148.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 7th. Oppenheimer reissued a “buy” rating and set a $245.00 price objective on shares of W W Grainger in a research note on Monday, November 13th. Stephens reissued a “hold” rating and set a $264.00 price objective on shares of W W Grainger in a research note on Thursday, January 25th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $178.00 price objective (up previously from $165.00) on shares of W W Grainger in a research note on Monday, October 9th.

In related news, VP Eric R. Tapia sold 100 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $266.06, for a total value of $26,606.00. Following the sale, the vice president now owns 3,563 shares in the company, valued at approximately $947,971.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John L. Howard sold 21,000 shares of the business’s stock in a transaction on 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. Insiders sold a total of 30,258 shares of company stock worth $6,790,898 in the last quarter. Company insiders own 9.60% of the company’s stock.

Several hedge funds have recently bought and sold shares of GWW. Exane Derivatives purchased a new stake in shares of W W Grainger in the 3rd quarter valued at $101,000. Westside Investment Management Inc. purchased a new stake in W W Grainger during the 3rd quarter worth about $107,000. Fieldpoint Private Securities LLC purchased a new stake in W W Grainger during the 3rd quarter worth about $133,000. Legacy Advisors LLC purchased a new stake in W W Grainger during the 3rd quarter worth about $198,000. Finally, Glenview State Bank Trust DEPT. purchased a new stake in W W Grainger during the 4th quarter worth about $202,000. Hedge funds and other institutional investors own 85.92% of the company’s stock.

Shares of W W Grainger (NYSE:GWW) traded up $6.90 during trading hours on Tuesday, hitting $261.01. The stock had a trading volume of 790,264 shares, compared to its average volume of 1,310,526. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.13 and a quick ratio of 1.18. The firm has a market capitalization of $14,628.04, a price-to-earnings ratio of 25.77, a PEG ratio of 1.94 and a beta of 0.88. W W Grainger has a 12-month low of $155.00 and a 12-month high of $298.14.

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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.76. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.57 billion. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.45 earnings per share. analysts forecast that W W Grainger will post 13.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be given a $1.28 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $5.12 dividend on an annualized basis and a yield of 1.96%. W W Grainger’s dividend payout ratio is currently 51.10%.

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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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