W W Grainger Inc (NYSE:GWW) has received a consensus recommendation of “Hold” from the twenty ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $310.92.
A number of equities analysts recently commented on GWW shares. Oppenheimer raised their target price on W W Grainger from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, September 21st. BMO Capital Markets decreased their target price on W W Grainger from $332.00 to $330.00 and set a “market perform” rating on the stock in a report on Wednesday, October 17th. Macquarie raised their target price on W W Grainger from $314.00 to $358.00 and gave the stock a “neutral” rating in a report on Wednesday, August 22nd. ValuEngine cut W W Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, Gordon Haskett started coverage on W W Grainger in a report on Friday, October 12th. They issued a “hold” rating on the stock.
Large investors have recently bought and sold shares of the business. Financial Architects Inc raised its holdings in W W Grainger by 1,195.7% during the third quarter. Financial Architects Inc now owns 298 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 275 shares during the period. Sun Life Financial INC raised its holdings in W W Grainger by 60.4% during the second quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 154 shares during the period. First Interstate Bank raised its holdings in W W Grainger by 161.3% during the third quarter. First Interstate Bank now owns 405 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 250 shares during the period. American Beacon Advisors Inc. bought a new stake in W W Grainger during the third quarter valued at about $146,000. Finally, Piedmont Investment Advisors LLC bought a new stake in W W Grainger during the second quarter valued at about $178,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.
W W Grainger stock traded down $10.14 during trading on Monday, reaching $289.43. The company had a trading volume of 496,619 shares, compared to its average volume of 483,676. W W Grainger has a 52 week low of $221.24 and a 52 week high of $372.06. The stock has a market cap of $16.87 billion, a P/E ratio of 25.26, a P/E/G ratio of 1.48 and a beta of 1.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.44 and a current ratio of 2.44.
W W Grainger (NYSE:GWW) last announced its earnings results on Tuesday, October 16th. The industrial products company reported $4.19 EPS for the quarter, topping the Zacks’ consensus estimate of $3.96 by $0.23. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period last year, the firm earned $2.79 EPS. W W Grainger’s revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts predict that W W Grainger will post 16.3 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Monday, November 12th were issued a dividend of $1.36 per share. The ex-dividend date was Thursday, November 8th. This represents a $5.44 dividend on an annualized basis and a yield of 1.88%. W W Grainger’s dividend payout ratio is presently 47.47%.
W W Grainger Company Profile
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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