W W Grainger (GWW) Price Target Increased to $316.00 by Analysts at Buckingham Research

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W W Grainger (NYSE:GWW) had its price target lifted by investment analysts at Buckingham Research from $309.00 to $316.00 in a report issued on Wednesday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Buckingham Research’s price target suggests a potential upside of 2.36% from the company’s current price.

Other research analysts also recently issued reports about the company. Peel Hunt upgraded W W Grainger from an “add” rating to a “buy” rating in a report on Thursday, April 4th. Zacks Investment Research upgraded W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 price target for the company in a report on Tuesday, December 18th. Jefferies Financial Group started coverage on W W Grainger in a report on Monday, January 7th. They issued a “hold” rating and a $300.00 price target for the company. Macquarie upgraded W W Grainger from a “neutral” rating to an “outperform” rating and set a $281.21 price target for the company in a report on Tuesday, January 15th. Finally, Gordon Haskett downgraded W W Grainger from a “hold” rating to an “underperform” rating and set a $308.99 price target for the company. in a report on Friday, April 12th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $311.66.

GWW traded up $2.72 during trading on Wednesday, hitting $308.72. The company’s stock had a trading volume of 1,445 shares, compared to its average volume of 392,493. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.34 and a current ratio of 2.37. The company has a market capitalization of $16.95 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.40 and a beta of 1.01. W W Grainger has a twelve month low of $265.00 and a twelve month high of $372.06.

W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Thursday, January 24th. The industrial products company reported $3.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.60 by $0.36. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.81 billion. W W Grainger had a return on equity of 46.52% and a net margin of 6.95%. W W Grainger’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.94 EPS. As a group, equities research analysts forecast that W W Grainger will post 17.99 earnings per share for the current fiscal year.

In other news, Chairman Donald G. Macpherson sold 2,317 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $310.03, for a total transaction of $718,339.51. Following the completion of the sale, the chairman now directly owns 45,848 shares in the company, valued at approximately $14,214,255.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John L. Howard sold 1,211 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $310.09, for a total value of $375,518.99. Following the sale, the vice president now owns 44,934 shares of the company’s stock, valued at $13,933,584.06. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in GWW. GSA Capital Partners LLP acquired a new stake in W W Grainger in the 3rd quarter valued at $386,000. Man Group plc lifted its position in shares of W W Grainger by 174.9% during the third quarter. Man Group plc now owns 23,757 shares of the industrial products company’s stock worth $8,491,000 after purchasing an additional 15,114 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of W W Grainger by 6.9% during the third quarter. Advisors Asset Management Inc. now owns 11,238 shares of the industrial products company’s stock worth $4,017,000 after purchasing an additional 724 shares during the last quarter. HPM Partners LLC lifted its position in shares of W W Grainger by 21.8% during the third quarter. HPM Partners LLC now owns 1,716 shares of the industrial products company’s stock worth $613,000 after purchasing an additional 307 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of W W Grainger by 24.5% during the third quarter. AQR Capital Management LLC now owns 569,141 shares of the industrial products company’s stock worth $203,417,000 after purchasing an additional 111,929 shares during the last quarter. Institutional investors and hedge funds own 78.21% of the company’s stock.

About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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Analyst Recommendations for W W Grainger (NYSE:GWW)

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