W.W. Grainger, Inc. (NYSE:GWW) had its price target increased by Royal Bank Of Canada from $148.00 to $151.00 in a research note published on Monday. The brokerage currently has an underperform rating on the industrial products company’s stock.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of W.W. Grainger from a sell rating to a hold rating in a research report on Friday, July 21st. Credit Suisse Group AG raised shares of W.W. Grainger to a hold rating and set a $175.00 price target for the company in a research report on Wednesday, July 19th. Wells Fargo & Company set a $210.00 price target on shares of W.W. Grainger and gave the company a hold rating in a research report on Wednesday, October 18th. BMO Capital Markets reissued a market perform rating and set a $194.00 price target (up previously from $178.00) on shares of W.W. Grainger in a research report on Wednesday, October 18th. Finally, Northcoast Research initiated coverage on shares of W.W. Grainger in a research report on Tuesday, July 25th. They set a neutral rating for the company. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. W.W. Grainger presently has an average rating of Hold and an average target price of $191.23.
Shares of W.W. Grainger (GWW) traded down $7.69 during trading on Monday, hitting $195.79. 1,298,700 shares of the stock were exchanged, compared to its average volume of 955,557. W.W. Grainger has a 12 month low of $155.00 and a 12 month high of $262.71. The stock has a market cap of $11,594.94, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.97 and a beta of 0.78. The company has a quick ratio of 1.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.19.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the prior year, the company earned $3.06 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. analysts predict that W.W. Grainger will post 10.65 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Friday, November 10th. W.W. Grainger’s payout ratio is presently 60.95%.
In related news, VP Paige K. Robbins sold 346 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $202.31, for a total value of $69,999.26. Following the transaction, the vice president now owns 8,400 shares of the company’s stock, valued at $1,699,404. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Eric R. Tapia sold 190 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $208.26, for a total transaction of $39,569.40. Following the completion of the transaction, the vice president now directly owns 3,748 shares in the company, valued at approximately $780,558.48. The disclosure for this sale can be found here. Company insiders own 9.60% of the company’s stock.
Large investors have recently modified their holdings of the business. Tobam purchased a new position in W.W. Grainger during the second quarter valued at approximately $7,228,000. Neuberger Berman Group LLC lifted its holdings in W.W. Grainger by 16.3% during the second quarter. Neuberger Berman Group LLC now owns 852,421 shares of the industrial products company’s stock valued at $153,888,000 after purchasing an additional 119,186 shares in the last quarter. Ronna Sue Cohen purchased a new position in W.W. Grainger during the third quarter valued at approximately $3,651,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in W.W. Grainger by 2.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 168,049 shares of the industrial products company’s stock valued at $30,338,000 after purchasing an additional 4,210 shares in the last quarter. Finally, State Farm Mutual Automobile Insurance Co. lifted its holdings in W.W. Grainger by 102.3% during the second quarter. State Farm Mutual Automobile Insurance Co. now owns 41,570 shares of the industrial products company’s stock valued at $7,505,000 after purchasing an additional 21,017 shares in the last quarter. 85.98% of the stock is currently owned by institutional investors and hedge funds.
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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