Oppenheimer Holdings, Inc. reiterated their buy rating on shares of W.W. Grainger, Inc. (NYSE:GWW) in a research report sent to investors on Monday morning. Oppenheimer Holdings, Inc. currently has a $245.00 target price on the industrial products company’s stock. Oppenheimer Holdings also issued estimates for W.W. Grainger’s Q4 2017 earnings at $2.10 EPS, Q1 2018 earnings at $2.59 EPS, Q2 2018 earnings at $2.74 EPS, Q3 2018 earnings at $3.17 EPS and Q4 2018 earnings at $2.81 EPS.
Other analysts have also issued research reports about the stock. Royal Bank Of Canada raised their target price on shares of W.W. Grainger from $148.00 to $151.00 and gave the company an underperform rating in a research report on Monday. Morgan Stanley cut their target price on shares of W.W. Grainger from $174.00 to $172.00 and set an underweight rating on the stock in a research report on Thursday, July 20th. Northcoast Research assumed coverage on shares of W.W. Grainger in a research report on Tuesday, July 25th. They issued a neutral rating on the stock. Zacks Investment Research upgraded shares of W.W. Grainger from a sell rating to a hold rating in a research report on Friday, July 21st. Finally, KeyCorp reiterated a sector weight rating on shares of W.W. Grainger in a report on Monday, August 21st. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. W.W. Grainger presently has a consensus rating of Hold and a consensus target price of $191.23.
Shares of W.W. Grainger (GWW) traded down $7.69 during trading on Monday, reaching $195.79. 1,298,700 shares of the company’s stock were exchanged, compared to its average volume of 955,557. W.W. Grainger has a 1 year low of $155.00 and a 1 year high of $262.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.28 and a quick ratio of 1.28. The firm has a market capitalization of $11,594.94, a price-to-earnings ratio of 18.55, a P/E/G ratio of 1.97 and a beta of 0.78.
W.W. Grainger (NYSE:GWW) last issued its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.34. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the business posted $3.06 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. research analysts expect that W.W. Grainger will post 10.65 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be paid a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Friday, November 10th. W.W. Grainger’s dividend payout ratio is presently 60.95%.
In other W.W. Grainger news, VP Eric R. Tapia sold 190 shares of W.W. Grainger stock in a transaction 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 directly owns 3,748 shares of the company’s stock, valued at $780,558.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Paige K. Robbins sold 346 shares of W.W. Grainger stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $202.31, for a total transaction of $69,999.26. Following the completion of the sale, the vice president now directly owns 8,400 shares of the company’s stock, valued at $1,699,404. The disclosure for this sale can be found here. 9.60% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of GWW. Exane Derivatives bought a new stake in W.W. Grainger in the third quarter valued at $101,000. Westside Investment Management Inc. bought a new stake in W.W. Grainger in the third quarter valued at $107,000. Salem Investment Counselors Inc. increased its stake in W.W. Grainger by 1.0% in the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 6 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in W.W. Grainger by 18,650.0% in the second quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 746 shares in the last quarter. Finally, Enterprise Financial Services Corp increased its stake in W.W. Grainger by 80.8% in the second quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock valued at $163,000 after purchasing an additional 403 shares in the last quarter. 85.98% of the stock is owned by hedge funds and other 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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