RBC Capital Markets reiterated their underperform rating on shares of W.W. Grainger Inc. (NYSE:GWW) in a research report released on Monday. RBC Capital Markets currently has a $211.00 price objective on the stock.
A number of other analysts have also issued reports on GWW. Wells Fargo & Co. reissued a hold rating on shares of W.W. Grainger in a research note on Sunday, September 4th. Zacks Investment Research lowered shares of W.W. Grainger from a hold rating to a sell rating in a research note on Tuesday, July 12th. BMO Capital Markets lowered their price objective on shares of W.W. Grainger from $300.00 to $270.00 and set a buy rating for the company in a research note on Wednesday, July 20th. Barclays PLC upped their price objective on shares of W.W. Grainger from $209.00 to $213.00 and gave the stock an equal weight rating in a research note on Monday, July 18th. Finally, Credit Suisse Group AG began coverage on shares of W.W. Grainger in a research note on Friday, June 17th. They issued a neutral rating and a $222.00 price objective for the company. Seven research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. W.W. Grainger has a consensus rating of Hold and a consensus price target of $228.75.
Shares of W.W. Grainger (NYSE:GWW) opened at 220.57 on Monday. The company has a market capitalization of $13.33 billion, a price-to-earnings ratio of 20.06 and a beta of 0.77. The firm’s 50-day moving average is $226.49 and its 200-day moving average is $226.59. W.W. Grainger has a 1-year low of $176.85 and a 1-year high of $239.95.
W.W. Grainger (NYSE:GWW) last issued its earnings results on Tuesday, July 19th. The company reported $2.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.17 by $0.28. The company had revenue of $2.60 million for the quarter, compared to analysts’ expectations of $2.58 billion. W.W. Grainger had a net margin of 6.91% and a return on equity of 31.26%. During the same period in the prior year, the firm posted $3.27 earnings per share. Analysts forecast that W.W. Grainger will post $11.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 8th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Thursday, August 4th. W.W. Grainger’s payout ratio is presently 44.40%.
In other news, VP Joseph C. High sold 1,722 shares of W.W. Grainger stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $220.00, for a total value of $378,840.00. Following the completion of the transaction, the vice president now owns 7,531 shares in the company, valued at approximately $1,656,820. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.60% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in GWW. Williams Jones & Associates LLC boosted its position in shares of W.W. Grainger by 2,123.9% in the second quarter. Williams Jones & Associates LLC now owns 16,724 shares of the company’s stock valued at $3,801,000 after buying an additional 15,972 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of W.W. Grainger during the second quarter valued at about $518,000. Kentucky Retirement Systems bought a new position in shares of W.W. Grainger during the second quarter valued at about $1,090,000. Mason Street Advisors LLC bought a new position in shares of W.W. Grainger during the second quarter valued at about $1,727,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of W.W. Grainger by 3.5% in the second quarter. Public Employees Retirement System of Ohio now owns 22,494 shares of the company’s stock valued at $5,112,000 after buying an additional 760 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.
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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