W.W. Grainger (NYSE:GWW) Given New $565.00 Price Target at Stephens

W.W. Grainger (NYSE:GWWGet Rating) had its price target upped by analysts at Stephens from $510.00 to $565.00 in a research note issued to investors on Monday, The Fly reports. Stephens’ price objective suggests a potential upside of 12.99% from the stock’s current price.

Other analysts also recently issued reports about the stock. Oppenheimer upped their price objective on shares of W.W. Grainger from $535.00 to $580.00 and gave the company an “outperform” rating in a report on Friday, February 4th. Atlantic Securities raised shares of W.W. Grainger from a “neutral” rating to an “overweight” rating and set a $580.00 price objective on the stock in a report on Tuesday, March 15th. William Blair reaffirmed a “market perform” rating on shares of W.W. Grainger in a report on Thursday, February 3rd. Royal Bank of Canada upped their price objective on shares of W.W. Grainger from $392.00 to $432.00 in a report on Friday, February 4th. Finally, Wolfe Research raised shares of W.W. Grainger from a “peer perform” rating to an “outperform” rating in a report on Wednesday, April 6th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $508.25.

NYSE:GWW opened at $500.03 on Monday. The company has a market cap of $25.55 billion, a PE ratio of 22.29, a P/E/G ratio of 1.57 and a beta of 1.25. W.W. Grainger has a twelve month low of $391.16 and a twelve month high of $529.91. The company has a current ratio of 2.63, a quick ratio of 1.40 and a debt-to-equity ratio of 1.09. The company’s 50 day moving average is $499.01 and its two-hundred day moving average is $491.05.

W.W. Grainger (NYSE:GWWGet Rating) last released its earnings results on Thursday, April 28th. The industrial products company reported $7.07 earnings per share for the quarter, topping the consensus estimate of $6.12 by $0.95. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.51 billion. W.W. Grainger had a net margin of 8.58% and a return on equity of 54.50%. W.W. Grainger’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.48 EPS. As a group, analysts expect that W.W. Grainger will post 24.9 EPS for the current fiscal year.

In other W.W. Grainger news, VP John L. Howard sold 1,732 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 20,567 shares in the company, valued at $10,473,539.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Deidra C. Merriwether sold 488 shares of the company’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $488.62, for a total transaction of $238,446.56. Following the transaction, the chief financial officer now owns 7,605 shares of the company’s stock, valued at $3,715,955.10. The disclosure for this sale can be found here. Corporate insiders own 10.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Riverview Trust Co acquired a new stake in shares of W.W. Grainger in the first quarter valued at about $26,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of W.W. Grainger in the fourth quarter valued at about $33,000. Cyrus J. Lawrence LLC acquired a new stake in shares of W.W. Grainger in the first quarter valued at about $32,000. Sandy Cove Advisors LLC acquired a new stake in shares of W.W. Grainger in the fourth quarter valued at about $43,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position 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 buying an additional 43 shares during the last quarter. Institutional investors and hedge funds own 79.47% of the company’s stock.

About W.W. Grainger (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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