W.W. Grainger Inc. (NYSE:GWW) dropped 1.4% during mid-day trading on Monday . The company traded as low as $227.72 and last traded at $228.10, with a volume of 608,095 shares changing hands. The stock had previously closed at $231.31.

GWW has been the subject of a number of analyst reports. Sterne Agee CRT initiated coverage on W.W. Grainger in a research report on Monday, March 21st. They issued a “buy” rating and a $274.00 price target for the company. Wunderlich upped their price target on W.W. Grainger from $302.00 to $320.00 in a research report on Monday, March 28th. Stifel Nicolaus lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Friday, April 1st. BMO Capital Markets assumed coverage on W.W. Grainger in a research report on Tuesday, April 5th. They issued an “outperform” rating and a $300.00 price objective for the company. Finally, Morgan Stanley increased their price objective on W.W. Grainger from $189.00 to $201.00 in a research report on Thursday, April 7th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $229.36.

The company has a market cap of $14.03 billion and a price-to-earnings ratio of 19.95. The stock’s 50 day moving average is $225.41 and its 200 day moving average is $219.71.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Monday, April 18th. The company reported $3.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.86 by $0.32. During the same quarter in the prior year, the firm earned $3.10 earnings per share. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that W.W. Grainger Inc. will post $11.95 EPS for the current year.

In other W.W. Grainger news, VP Laura D. Brown sold 1,776 shares of the business’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $225.61, for a total value of $400,683.36. Following the completion of the transaction, the vice president now directly owns 13,011 shares in the company, valued at approximately $2,935,411.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

A number of hedge funds and institutional investors have modified their holdings of GWW. Sawtooth Asset Management Inc. increased its position in shares of W.W. Grainger by 228.8% in the fourth quarter. Sawtooth Asset Management Inc. now owns 5,416 shares of the company’s stock valued at $1,097,000 after buying an additional 3,769 shares during the period. Dean Investment Associates LLC increased its position in shares of W.W. Grainger by 168.5% in the fourth quarter. Dean Investment Associates LLC now owns 5,703 shares of the company’s stock valued at $1,155,000 after buying an additional 3,579 shares during the period. Sei Investments Co. increased its position in shares of W.W. Grainger by 88.3% in the fourth quarter. Sei Investments Co. now owns 7,550 shares of the company’s stock valued at $1,530,000 after buying an additional 3,540 shares during the period. Stephens Inc. AR increased its position in shares of W.W. Grainger by 624.3% in the fourth quarter. Stephens Inc. AR now owns 7,685 shares of the company’s stock valued at $1,557,000 after buying an additional 6,624 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of W.W. Grainger by 4.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 7,856 shares of the company’s stock valued at $1,592,000 after buying an additional 319 shares during the period.

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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