Shares of W.W. Grainger, Inc. (NYSE:GWW) have been assigned an average rating of “Hold” from the eighteen research firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation and eleven have given a hold recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $179.42.
A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated a “sell” rating and set a $145.00 price target on shares of W.W. Grainger in a research report on Wednesday, September 6th. KeyCorp reiterated a “sector weight” rating on shares of W.W. Grainger in a research report on Monday, August 21st. Northcoast Research assumed coverage on shares of W.W. Grainger in a research report on Tuesday, July 25th. They set a “neutral” rating for the company. Zacks Investment Research upgraded shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Finally, Morgan Stanley reduced their price target on shares of W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating for the company in a research report on Thursday, July 20th.
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Hedge funds have recently added to or reduced their stakes in the business. Harfst & Associates Inc. purchased a new stake in W.W. Grainger in the 1st quarter worth approximately $116,000. Salem Investment Counselors Inc. purchased a new stake in W.W. Grainger in the 1st quarter worth approximately $138,000. Chicago Partners Investment Group LLC grew its stake in W.W. Grainger by 18,650.0% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock worth $155,000 after acquiring an additional 746 shares during the period. NEXT Financial Group Inc grew its stake in W.W. Grainger by 35.0% in the 1st quarter. NEXT Financial Group Inc now owns 783 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 203 shares during the period. Finally, Twin Tree Management LP purchased a new stake in W.W. Grainger in the 1st quarter worth approximately $195,000. 80.57% of the stock is owned by hedge funds and other institutional investors.
W.W. Grainger (NYSE:GWW) traded up 1.03% during midday trading on Friday, reaching $166.29. The company’s stock had a trading volume of 521,400 shares. The company’s 50-day moving average is $164.26 and its 200 day moving average is $191.48. The firm has a market capitalization of $9.59 billion, a P/E ratio of 19.17 and a beta of 0.74. W.W. Grainger has a 52 week low of $155.00 and a 52 week high of $262.71.
W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.09. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same period last year, the firm earned $2.89 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts expect that W.W. Grainger will post $10.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were paid a $1.28 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $5.12 annualized dividend and a yield of 3.08%. W.W. Grainger’s payout ratio is currently 59.12%.
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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