W W Grainger Inc (NYSE:GWW) has been given a consensus recommendation of “Hold” by the twenty-two research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $310.92.

GWW has been the topic of a number of analyst reports. Gabelli lowered shares of W W Grainger from a “buy” rating to a “hold” rating and set a $386.00 target price on the stock. in a research report on Monday, July 16th. UBS Group increased their target price on shares of W W Grainger from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Thursday, August 30th. Robert W. Baird lowered shares of W W Grainger from an “outperform” rating to a “neutral” rating and set a $240.00 target price on the stock. in a research report on Tuesday, July 3rd. Royal Bank of Canada increased their target price on shares of W W Grainger to $243.00 and gave the stock an “underperform” rating in a research report on Thursday, July 19th. They noted that the move was a valuation call. Finally, Oppenheimer upped their price target on shares of W W Grainger from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, September 21st.

Shares of NYSE:GWW traded up $2.84 on Friday, reaching $277.77. 25,496 shares of the company’s stock were exchanged, compared to its average volume of 922,243. W W Grainger has a twelve month low of $191.39 and a twelve month high of $372.06. The firm has a market cap of $15.68 billion, a PE ratio of 23.97, a PEG ratio of 1.38 and a beta of 0.82. The company has a quick ratio of 1.34, a current ratio of 2.44 and a debt-to-equity ratio of 1.02.

W W Grainger (NYSE:GWW) last announced its earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.96 by $0.23. W W Grainger had a net margin of 6.51% and a return on equity of 45.22%. The firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the business posted $2.79 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. On average, research analysts expect that W W Grainger will post 16.29 EPS for the current year.

In related news, Chairman Donald G. Macpherson sold 21,448 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $342.39, for a total value of $7,343,580.72. Following the completion of the transaction, the chairman now owns 39,118 shares of the company’s stock, valued at approximately $13,393,612.02. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Brian P. Anderson sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $360.18, for a total transaction of $360,180.00. Following the completion of the transaction, the director now directly owns 4,040 shares of the company’s stock, valued at approximately $1,455,127.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,972 shares of company stock valued at $13,741,862. 10.10% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. FMR LLC raised its stake in shares of W W Grainger by 94.6% during the second quarter. FMR LLC now owns 1,386,729 shares of the industrial products company’s stock valued at $427,667,000 after acquiring an additional 673,993 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in shares of W W Grainger by 32.5% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 759,809 shares of the industrial products company’s stock valued at $271,563,000 after acquiring an additional 186,332 shares during the last quarter. Bank of Montreal Can raised its stake in shares of W W Grainger by 21.0% during the third quarter. Bank of Montreal Can now owns 489,278 shares of the industrial products company’s stock valued at $174,874,000 after acquiring an additional 85,068 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of W W Grainger by 34,096.9% during the second quarter. Cornerstone Wealth Management LLC now owns 445,586 shares of the industrial products company’s stock valued at $1,454,000 after acquiring an additional 444,283 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of W W Grainger by 92.6% during the second quarter. Morgan Stanley now owns 325,769 shares of the industrial products company’s stock valued at $100,468,000 after acquiring an additional 156,607 shares during the last quarter. 79.16% of the stock is owned by institutional investors and hedge funds.

About W W Grainger

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.

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Analyst Recommendations for W W Grainger (NYSE:GWW)

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