Shares of W W Grainger Inc (NYSE:GWW) have been given an average rating of “Hold” by the seventeen research firms that are covering the firm. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $243.50.
A number of brokerages recently issued reports on GWW. Wells Fargo & Co restated a “market perform” rating on shares of W W Grainger in a research note on Saturday, January 28th. TheStreet lowered shares of W W Grainger from a “b” rating to a “c+” rating in a research note on Wednesday, January 25th. Stifel Nicolaus lifted their price target on shares of W W Grainger from $245.00 to $266.00 and gave the stock a “hold” rating in a research note on Friday, January 27th. Deutsche Bank AG upgraded shares of W W Grainger from a “sell” rating to a “hold” rating and lifted their price target for the stock from $194.00 to $246.00 in a research note on Thursday, January 26th. Finally, Morgan Stanley lifted their price target on shares of W W Grainger from $229.00 to $233.00 and gave the stock an “underweight” rating in a research note on Thursday, January 26th.
Shares of W W Grainger (NYSE:GWW) opened at 242.02 on Tuesday. W W Grainger has a 52 week low of $201.94 and a 52 week high of $262.71. The firm has a market cap of $14.24 billion, a PE ratio of 24.52 and a beta of 0.82. The company’s 50-day moving average is $251.29 and its 200-day moving average is $232.44.
W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Wednesday, January 25th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.09. The business earned $2.47 billion during the quarter, compared to analyst estimates of $2.46 billion. W W Grainger had a net margin of 5.98% and a return on equity of 32.79%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.49 earnings per share. Analysts forecast that W W Grainger will post $11.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Monday, February 13th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Thursday, February 9th. W W Grainger’s dividend payout ratio (DPR) is 49.64%.
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In other news, Chairman James T. Ryan sold 2,369 shares of the business’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $252.46, for a total transaction of $598,077.74. Following the completion of the transaction, the chairman now owns 167,842 shares of the company’s stock, valued at $42,373,391.32. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman James T. Ryan sold 65,000 shares of the business’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $234.17, for a total transaction of $15,221,050.00. Following the transaction, the chairman now directly owns 163,478 shares of the company’s stock, valued at approximately $38,281,643.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,940 shares of company stock valued at $23,933,697. Corporate insiders own 9.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Fox Run Management L.L.C. purchased a new position in shares of W W Grainger during the third quarter valued at about $270,000. Atria Investments LLC increased its position in shares of W W Grainger by 10.5% in the third quarter. Atria Investments LLC now owns 1,153 shares of the company’s stock valued at $259,000 after buying an additional 110 shares during the period. Creative Planning increased its position in shares of W W Grainger by 14.1% in the third quarter. Creative Planning now owns 7,700 shares of the company’s stock valued at $1,731,000 after buying an additional 952 shares during the period. Acropolis Investment Management LLC increased its position in shares of W W Grainger by 11.0% in the third quarter. Acropolis Investment Management LLC now owns 3,070 shares of the company’s stock valued at $690,000 after buying an additional 305 shares during the period. Finally, Eqis Capital Management Inc. increased its position in shares of W W Grainger by 1.6% in the third quarter. Eqis Capital Management Inc. now owns 17,272 shares of the company’s stock valued at $3,884,000 after buying an additional 264 shares during the period. 80.18% of the stock is owned by institutional investors.
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.
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