W.W. Grainger, Inc. (NYSE:GWW) Given Average Recommendation of “Hold” by Brokerages

Shares of W.W. Grainger, Inc. (NYSE:GWWGet Rating) have received an average rating of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $507.40.

Several research analysts have recently commented on the company. Morgan Stanley lowered W.W. Grainger from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $562.00 to $480.00 in a research report on Thursday. Royal Bank of Canada boosted their price objective on W.W. Grainger from $392.00 to $432.00 in a research report on Friday, February 4th. Oppenheimer boosted their price objective on W.W. Grainger from $535.00 to $580.00 and gave the company an “outperform” rating in a research report on Friday, February 4th. Atlantic Securities upgraded W.W. Grainger from a “neutral” rating to an “overweight” rating and set a $580.00 price objective for the company in a research report on Tuesday, March 15th. Finally, Wolfe Research upgraded W.W. Grainger from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, April 6th.

Shares of GWW opened at $491.43 on Monday. The firm has a market cap of $25.11 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 1.54 and a beta of 1.25. The stock has a 50 day moving average of $493.55 and a 200-day moving average of $484.77. The company has a current ratio of 2.63, a quick ratio of 1.40 and a debt-to-equity ratio of 1.09. W.W. Grainger has a 52 week low of $391.16 and a 52 week high of $529.91.

W.W. Grainger (NYSE:GWWGet Rating) last issued its earnings results on Thursday, February 3rd. The industrial products company reported $5.44 EPS for the quarter, topping the consensus estimate of $5.25 by $0.19. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.26 billion. W.W. Grainger had a return on equity of 48.91% and a net margin of 7.98%. The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.66 EPS. On average, sell-side analysts predict that W.W. Grainger will post 24.52 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 1st. Investors of record on Monday, February 14th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, February 11th. W.W. Grainger’s dividend payout ratio is currently 32.66%.

In related news, VP John L. Howard sold 1,732 shares of the firm’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $509.24, for a total transaction of $882,003.68. Following the completion of the sale, the vice president now directly owns 20,567 shares in the company, valued at $10,473,539.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 10.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in W.W. Grainger during the fourth quarter worth $33,000. Herold Advisors Inc. bought a new position in shares of W.W. Grainger in the third quarter valued at approximately $39,000. Sandy Cove Advisors LLC bought a new position in shares of W.W. Grainger in the fourth quarter valued at approximately $43,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of W.W. Grainger by 100.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 86 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 43 shares during the last quarter. Finally, Atticus Wealth Management LLC acquired a new stake in shares of W.W. Grainger in the fourth quarter valued at approximately $53,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

W.W. Grainger Company Profile (Get Rating)

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. It offers safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.

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Analyst Recommendations for W.W. Grainger (NYSE:GWW)

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