Deutsche Bank Reiterates $275.00 Price Target for W. W. Grainger (GWW)

Deutsche Bank set a $275.00 target price on W. W. Grainger (NYSE:GWW) in a report issued on Friday. The brokerage currently has a hold rating on the industrial products company’s stock.

A number of other brokerages have also weighed in on GWW. Zacks Investment Research upgraded W. W. Grainger from a hold rating to a buy rating and set a $318.00 price objective on the stock in a report on Wednesday, April 4th. Stephens restated a hold rating and issued a $264.00 price objective on shares of W. W. Grainger in a report on Thursday, January 25th. BMO Capital Markets raised their price objective on W. W. Grainger from $235.00 to $242.00 and gave the company a market perform rating in a report on Friday, March 16th. They noted that the move was a valuation call. Oppenheimer raised their price objective on W. W. Grainger from $245.00 to $320.00 and gave the company an outperform rating in a report on Thursday, January 25th. Finally, TheStreet upgraded W. W. Grainger from a c+ rating to a b- rating in a report on Wednesday, December 13th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $244.85.

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Shares of GWW stock opened at $286.67 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.18 and a current ratio of 2.13. The firm has a market capitalization of $16,083.62, a price-to-earnings ratio of 25.01, a PEG ratio of 2.15 and a beta of 0.81. W. W. Grainger has a fifty-two week low of $155.00 and a fifty-two week high of $298.14.

W. W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.76. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.57 billion. W. W. Grainger had a return on equity of 35.76% and a net margin of 5.62%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.45 EPS. sell-side analysts expect that W. W. Grainger will post 13.76 EPS for the current year.

In other news, VP Laura D. Brown sold 9,158 shares of W. W. Grainger stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $232.86, for a total transaction of $2,132,531.88. Following the transaction, the vice president now owns 16,893 shares in the company, valued at approximately $3,933,703.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John L. Howard sold 19,500 shares of W. W. Grainger stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $295.00, for a total value of $5,752,500.00. Following the transaction, the vice president now owns 57,906 shares in the company, valued at approximately $17,082,270. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,758 shares of company stock worth $7,911,638. Insiders own 10.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC raised its holdings in shares of W. W. Grainger by 107.9% during the 4th quarter. Advisory Services Network LLC now owns 476 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 247 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in shares of W. W. Grainger during the 3rd quarter worth about $133,000. Tower Research Capital LLC TRC increased its position in shares of W. W. Grainger by 420.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 781 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 631 shares during the last quarter. Glenview State Bank Trust DEPT. acquired a new stake in shares of W. W. Grainger during the 4th quarter worth about $202,000. Finally, Cidel Asset Management Inc. acquired a new stake in shares of W. W. Grainger during the 4th quarter worth about $202,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

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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.

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

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