W W Grainger Inc (NYSE:GWW)‘s stock had its “sell” rating reaffirmed by investment analysts at Royal Bank of Canada in a research report issued on Wednesday. They currently have a $166.00 price target on the industrial products company’s stock, down from their previous price target of $209.00. Royal Bank of Canada’s price objective would indicate a potential downside of 15.29% from the stock’s previous close.
Several other analysts also recently commented on GWW. Stephens set a $190.00 price objective on shares of W W Grainger and gave the company a “hold” rating in a report on Wednesday. Credit Suisse Group AG downgraded shares of W W Grainger from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $235.00 to $175.00 in a report on Wednesday. Barclays PLC reaffirmed an “equal weight” rating and issued a $239.00 price objective (up from $226.00) on shares of W W Grainger in a report on Thursday, January 26th. TheStreet raised shares of W W Grainger from a “c+” rating to a “b-” rating in a report on Monday, February 27th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of W W Grainger in a report on Thursday, January 26th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $230.00.
W W Grainger (NYSE:GWW) traded up 0.31% during trading on Wednesday, reaching $195.96. 1,580,769 shares of the company were exchanged. W W Grainger has a 1-year low of $192.50 and a 1-year high of $262.71. The stock has a market capitalization of $11.53 billion, a P/E ratio of 19.85 and a beta of 0.82. The company’s 50-day moving average price is $236.45 and its 200-day moving average price is $233.51.
W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, April 18th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.99 by $0.11. W W Grainger had a net margin of 5.98% and a return on equity of 32.79%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the company posted $3.18 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts forecast that W W Grainger will post $11.87 EPS for the current year.
In related news, VP Laura D. Brown sold 695 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $249.07, for a total transaction of $173,103.65. Following the sale, the vice president now directly owns 11,235 shares of the company’s stock, valued at $2,798,301.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman James T. Ryan sold 2,369 shares of the stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $252.46, for a total transaction of $598,077.74. Following the sale, the chairman now directly owns 167,842 shares in the company, valued at $42,373,391.32. The disclosure for this sale can be found here. Insiders have sold 34,940 shares of company stock worth $8,712,647 over the last three months. 9.60% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the company. Northwest Quadrant Wealth Management LLC purchased a new position in W W Grainger during the fourth quarter valued at $127,000. Ibex Wealth Advisors purchased a new position in W W Grainger during the fourth quarter valued at $134,000. Virtus Investment Advisers Inc. purchased a new position in W W Grainger during the third quarter valued at $183,000. Mosaic Family Wealth LLC boosted its position in W W Grainger by 17.2% in the third quarter. Mosaic Family Wealth LLC now owns 818 shares of the industrial products company’s stock valued at $184,000 after buying an additional 120 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in W W Grainger by 5.3% in the fourth quarter. Van ECK Associates Corp now owns 861 shares of the industrial products company’s stock valued at $200,000 after buying an additional 43 shares in the last quarter. 80.18% of the stock is currently owned by hedge funds and other institutional investors.
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.
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