W. W. Grainger (NYSE:GWW) has been assigned a $282.00 price target by equities research analysts at Stephens in a report issued on Friday. The brokerage currently has a “hold” rating on the industrial products company’s stock. Stephens’ target price would suggest a potential upside of 0.26% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird upgraded shares of W. W. Grainger from a “neutral” rating to a “buy” rating in a research report on Thursday, January 25th. Zacks Investment Research upgraded shares of W. W. Grainger from a “hold” rating to a “buy” rating and set a $319.00 price objective on the stock in a research report on Tuesday, January 30th. Stifel Nicolaus reiterated a “hold” rating and set a $278.00 price objective on shares of W. W. Grainger in a research report on Friday, January 26th. Deutsche Bank set a $275.00 price objective on shares of W. W. Grainger and gave the company a “hold” rating in a research report on Friday, April 6th. Finally, Wells Fargo lifted their price objective on shares of W. W. Grainger from $220.00 to $260.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $246.92.
Shares of W. W. Grainger stock traded down $2.64 on Friday, hitting $281.26. 522,153 shares of the company traded hands, compared to its average volume of 1,002,168. The stock has a market cap of $15,662.95, a P/E ratio of 24.56, a PEG ratio of 2.09 and a beta of 0.81. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.13 and a quick ratio of 1.18. W. W. Grainger has a 52 week low of $155.00 and a 52 week high of $298.14.
W. W. Grainger (NYSE:GWW) last released its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.76. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.57 billion. W. W. Grainger had a net margin of 5.62% and a return on equity of 35.76%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.45 earnings per share. equities analysts expect that W. W. Grainger will post 13.76 EPS for the current year.
In related news, VP Eric R. Tapia sold 100 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $266.06, for a total value of $26,606.00. Following the sale, the vice president now owns 3,563 shares in the company, valued at $947,971.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lucas E. Watson purchased 195 shares of W. W. Grainger stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average price of $256.51 per share, for a total transaction of $50,019.45. The disclosure for this purchase can be found here. Insiders own 10.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in W. W. Grainger by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 262,424 shares of the industrial products company’s stock worth $47,171,000 after buying an additional 9,979 shares during the period. Stifel Financial Corp boosted its stake in shares of W. W. Grainger by 12.6% during the third quarter. Stifel Financial Corp now owns 33,421 shares of the industrial products company’s stock valued at $6,031,000 after purchasing an additional 3,729 shares during the period. Vident Investment Advisory LLC purchased a new stake in shares of W. W. Grainger during the third quarter valued at $772,000. Cubist Systematic Strategies LLC purchased a new stake in shares of W. W. Grainger during the third quarter valued at $701,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of W. W. Grainger by 3.1% during the third quarter. Janney Montgomery Scott LLC now owns 10,716 shares of the industrial products company’s stock valued at $1,926,000 after purchasing an additional 320 shares during the period. Institutional investors own 83.69% of the company’s stock.
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About W. W. Grainger
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.
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