W.W. Grainger (GWW) Raised to B- at TheStreet
W.W. Grainger (NYSE:GWW) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a report released on Wednesday.
A number of other equities research analysts have also recently commented on GWW. KeyCorp reiterated a “sector weight” rating on shares of W.W. Grainger in a report on Monday, August 21st. Royal Bank of Canada reiterated a “sell” rating and set a $145.00 price target on shares of W.W. Grainger in a report on Wednesday, September 6th. Zacks Investment Research cut shares of W.W. Grainger from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Morgan Stanley reiterated an “underweight” rating and set a $178.00 price target (up previously from $172.00) on shares of W.W. Grainger in a report on Monday, October 2nd. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $178.00 price target (up previously from $165.00) on shares of W.W. Grainger in a report on Monday, October 9th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $191.23.
Shares of W.W. Grainger (GWW) opened at $222.67 on Wednesday. The firm has a market cap of $12,781.33, a PE ratio of 20.45, a price-to-earnings-growth ratio of 2.16 and a beta of 0.82. The company has a quick ratio of 1.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.19. W.W. Grainger has a fifty-two week low of $155.00 and a fifty-two week high of $262.71.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.56 by $0.34. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.65 billion. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.06 earnings per share. equities analysts expect that W.W. Grainger will post 10.71 EPS for the current year.
In other W.W. Grainger news, VP John L. Howard sold 21,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $220.56, for a total value of $4,631,760.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Paige K. Robbins sold 346 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $202.31, for a total transaction of $69,999.26. Following the completion of the transaction, the vice president now owns 8,400 shares in the company, valued at $1,699,404. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,536 shares of company stock worth $4,741,329. 9.60% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Exane Derivatives bought a new position in W.W. Grainger in the third quarter worth approximately $101,000. Westside Investment Management Inc. bought a new position in W.W. Grainger in the third quarter worth approximately $107,000. Salem Investment Counselors Inc. raised its position in W.W. Grainger by 1.0% in the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 6 shares during the period. Fieldpoint Private Securities LLC bought a new position in W.W. Grainger in the third quarter worth approximately $133,000. Finally, Legacy Advisors LLC bought a new position in W.W. Grainger in the third quarter worth approximately $198,000. Institutional investors and hedge funds own 85.21% 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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