W W Grainger Inc (NYSE:GWW) Receives $312.82 Average Target Price from Analysts

Shares of W W Grainger Inc (NYSE:GWW) have been assigned a consensus rating of “Hold” from the seventeen brokerages that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $299.28.

Several equities analysts have recently weighed in on GWW shares. Morgan Stanley set a $18.00 price target on PG&E and gave the company a “hold” rating in a report on Friday, June 14th. BMO Capital Markets set a C$2.00 price target on Probe Metals and gave the company an “outperform” rating in a report on Tuesday, April 23rd. Peel Hunt reissued a “not rated” rating on shares of Eco Atlantic Oil & Gas in a report on Thursday, April 4th. Gordon Haskett raised W W Grainger from an “underperform” rating to a “hold” rating and set a $264.58 target price on the stock in a report on Friday, May 17th. Finally, William Blair reaffirmed a “market perform” rating on shares of W W Grainger in a report on Monday, April 22nd.

In related news, VP Eric R. Tapia sold 180 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $272.58, for a total value of $49,064.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.50% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of GWW. Comerica Securities Inc. raised its holdings in shares of W W Grainger by 11.6% in the fourth quarter. Comerica Securities Inc. now owns 2,024 shares of the industrial products company’s stock valued at $571,000 after buying an additional 210 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of W W Grainger by 102.2% in the fourth quarter. Bessemer Group Inc. now owns 186 shares of the industrial products company’s stock valued at $53,000 after buying an additional 94 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of W W Grainger by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 329,535 shares of the industrial products company’s stock valued at $93,049,000 after buying an additional 40,688 shares during the last quarter. Prudential PLC raised its holdings in shares of W W Grainger by 7.1% in the fourth quarter. Prudential PLC now owns 1,500 shares of the industrial products company’s stock valued at $424,000 after buying an additional 100 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of W W Grainger by 284.0% in the fourth quarter. Captrust Financial Advisors now owns 192 shares of the industrial products company’s stock valued at $54,000 after buying an additional 142 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Shares of NYSE GWW traded down $1.44 during midday trading on Tuesday, hitting $267.22. 439,396 shares of the stock traded hands, compared to its average volume of 416,172. The stock has a 50-day moving average price of $269.47. The stock has a market capitalization of $14.82 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 1.31 and a beta of 0.93. The company has a quick ratio of 1.36, a current ratio of 2.40 and a debt-to-equity ratio of 0.97. W W Grainger has a one year low of $255.09 and a one year high of $372.06.

W W Grainger (NYSE:GWW) last released its quarterly earnings results on Monday, April 22nd. The industrial products company reported $4.51 earnings per share for the quarter, beating the consensus estimate of $4.42 by $0.09. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.88 billion. W W Grainger had a return on equity of 46.09% and a net margin of 7.12%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.18 EPS. On average, equities analysts anticipate that W W Grainger will post 17.88 earnings per share for the current year.

W W Grainger declared that its Board of Directors has approved a share buyback program on Wednesday, April 24th that authorizes the company to repurchase 5,000,000 outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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Analyst Recommendations for W W Grainger (NYSE:GWW)

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