W.W. Grainger, Inc. (GWW) Raised to Sell at BidaskClub

BidaskClub upgraded shares of W.W. Grainger, Inc. (NYSE:GWW) from a strong sell rating to a sell rating in a report released on Tuesday, June 13th.

Other equities research analysts also recently issued research reports about the company. TheStreet raised W.W. Grainger from a c+ rating to a b- rating in a report on Monday, February 27th. BMO Capital Markets reaffirmed a hold rating and set a $198.00 price target on shares of W.W. Grainger in a research note on Thursday, May 25th. Stephens set a $190.00 price target on W.W. Grainger and gave the stock a hold rating in a research note on Wednesday, April 19th. Stifel Nicolaus reaffirmed a hold rating and set a $180.00 price target (down previously from $204.00) on shares of W.W. Grainger in a research note on Friday, June 2nd. Finally, William Blair downgraded W.W. Grainger from an outperform rating to a market perform rating in a research note on Monday, April 24th. Six research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The stock currently has an average rating of Hold and an average price target of $189.60.

W.W. Grainger (GWW) traded down 2.70% during mid-day trading on Tuesday, reaching $174.66. The company had a trading volume of 1,007,455 shares. W.W. Grainger has a 12-month low of $168.58 and a 12-month high of $262.71. The firm has a 50-day moving average price of $179.23 and a 200 day moving average price of $222.76. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of 17.83 and a beta of 0.74.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of $2.99 by $0.11. W.W. Grainger had a return on equity of 33.24% and a net margin of 5.84%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the business earned $3.18 earnings per share. W.W. Grainger’s revenue for the quarter was up 1.4% compared to the same quarter last year. Analysts expect that W.W. Grainger will post $10.38 EPS for the current year.

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The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 8th were given a dividend of $1.28 per share. The ex-dividend date of this dividend was Thursday, May 4th. This is a positive change from W.W. Grainger’s previous quarterly dividend of $1.22. This represents a $5.12 annualized dividend and a yield of 2.93%. W.W. Grainger’s payout ratio is 52.35%.

A number of institutional investors have recently added to or reduced their stakes in the company. Welch & Forbes LLC raised its position in W.W. Grainger by 0.3% in the first quarter. Welch & Forbes LLC now owns 865 shares of the industrial products company’s stock valued at $201,000 after buying an additional 3 shares during the period. Cypress Wealth Advisors LLC raised its position in shares of W.W. Grainger by 0.4% in the first quarter. Cypress Wealth Advisors LLC now owns 988 shares of the industrial products company’s stock worth $230,000 after buying an additional 4 shares during the last quarter. Verus Financial Partners Inc. raised its position in shares of W.W. Grainger by 0.5% in the first quarter. Verus Financial Partners Inc. now owns 1,172 shares of the industrial products company’s stock worth $273,000 after buying an additional 6 shares during the last quarter. Associated Banc Corp raised its position in shares of W.W. Grainger by 0.6% in the fourth quarter. Associated Banc Corp now owns 1,297 shares of the industrial products company’s stock worth $301,000 after buying an additional 8 shares during the last quarter. Finally, Capital One National Association raised its position in shares of W.W. Grainger by 0.5% in the first quarter. Capital One National Association now owns 1,513 shares of the industrial products company’s stock worth $352,000 after buying an additional 8 shares during the last quarter. 80.60% 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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