Shares of W.W. Grainger, Inc. (NYSE:GWW) have been given a consensus rating of “Hold” by the twenty ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $190.85.
Several research firms have recently weighed in on GWW. BidaskClub raised W.W. Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Morgan Stanley reduced their price objective on W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating for the company in a research report on Thursday, July 20th. Royal Bank Of Canada reaffirmed a “sell” rating and set a $145.00 price objective on shares of W.W. Grainger in a research report on Wednesday, September 6th. Credit Suisse Group raised W.W. Grainger to a “hold” rating and set a $175.00 price objective for the company in a research report on Wednesday, July 19th. Finally, UBS AG cut W.W. Grainger from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $170.00 to $195.00 in a research report on Thursday, October 19th.
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In other W.W. Grainger news, VP Paige K. Robbins sold 346 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $202.31, for a total value of $69,999.26. Following the sale, the vice president now owns 8,400 shares in the company, valued at $1,699,404. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Eric R. Tapia sold 190 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $208.26, for a total value of $39,569.40. Following the completion of the sale, the vice president now owns 3,748 shares in the company, valued at approximately $780,558.48. The disclosure for this sale can be found here. 9.60% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of W.W. Grainger by 2.0% during the second quarter. Vanguard Group Inc. now owns 5,549,453 shares of the industrial products company’s stock worth $1,001,844,000 after purchasing an additional 111,244 shares during the period. Longview Partners Guernsey LTD increased its stake in shares of W.W. Grainger by 33.2% during the third quarter. Longview Partners Guernsey LTD now owns 5,001,477 shares of the industrial products company’s stock worth $899,015,000 after purchasing an additional 1,245,771 shares during the period. BlackRock Inc. increased its stake in shares of W.W. Grainger by 1.7% during the second quarter. BlackRock Inc. now owns 3,476,970 shares of the industrial products company’s stock worth $627,699,000 after purchasing an additional 59,673 shares during the period. State Street Corp increased its stake in shares of W.W. Grainger by 5.4% during the second quarter. State Street Corp now owns 3,251,383 shares of the industrial products company’s stock worth $586,971,000 after purchasing an additional 165,293 shares during the period. Finally, Northern Trust Corp increased its stake in shares of W.W. Grainger by 20.0% during the second quarter. Northern Trust Corp now owns 1,288,602 shares of the industrial products company’s stock worth $232,633,000 after purchasing an additional 214,775 shares during the period. Institutional investors own 82.00% of the company’s stock.
W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.34. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.65 billion. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. W.W. Grainger’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.06 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be paid a $1.28 dividend. The ex-dividend date is Friday, November 10th. This represents a $5.12 annualized dividend and a yield of 2.59%. W.W. Grainger’s dividend payout ratio is 60.95%.
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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