W.W. Grainger, Inc. (NYSE:GWW) Receives Average Rating of “Hold” from Analysts

Shares of W.W. Grainger, Inc. (NYSE:GWW) have been assigned an average recommendation of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $463.00.

A number of research firms have issued reports on GWW. Royal Bank of Canada boosted their price objective on shares of W.W. Grainger from $369.00 to $378.00 and gave the company an “underperform” rating in a report on Monday, August 2nd. Raymond James downgraded shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a report on Monday, August 2nd. Morgan Stanley boosted their price objective on shares of W.W. Grainger from $462.00 to $492.00 and gave the company an “equal weight” rating in a report on Monday, August 2nd. Finally, Loop Capital began coverage on shares of W.W. Grainger in a report on Tuesday, August 3rd. They issued a “buy” rating and a $525.00 price objective for the company.

Shares of GWW stock traded up $3.48 during midday trading on Thursday, hitting $405.66. 27 shares of the company were exchanged, compared to its average volume of 278,106. The firm has a market capitalization of $21.12 billion, a P/E ratio of 24.70, a PEG ratio of 1.66 and a beta of 1.22. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.48 and a current ratio of 2.55. The firm’s 50 day moving average price is $434.25 and its two-hundred day moving average price is $433.87. W.W. Grainger has a 52 week low of $337.25 and a 52 week high of $479.87.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, July 29th. The industrial products company reported $4.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.61 by ($0.34). The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.22 billion. W.W. Grainger had a net margin of 7.09% and a return on equity of 41.62%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.75 EPS. Analysts expect that W.W. Grainger will post 19.23 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Monday, August 9th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Friday, August 6th. W.W. Grainger’s payout ratio is presently 40.05%.

Hedge funds have recently added to or reduced their stakes in the stock. IFM Investors Pty Ltd increased its position in W.W. Grainger by 29.5% during the 2nd quarter. IFM Investors Pty Ltd now owns 6,101 shares of the industrial products company’s stock worth $2,672,000 after purchasing an additional 1,391 shares in the last quarter. Handelsbanken Fonder AB increased its position in W.W. Grainger by 50.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 18,421 shares of the industrial products company’s stock worth $8,068,000 after purchasing an additional 6,162 shares in the last quarter. Advisors Asset Management Inc. increased its position in W.W. Grainger by 5.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,877 shares of the industrial products company’s stock worth $2,136,000 after purchasing an additional 240 shares in the last quarter. Edgestream Partners L.P. increased its position in W.W. Grainger by 87.1% during the 2nd quarter. Edgestream Partners L.P. now owns 4,658 shares of the industrial products company’s stock worth $2,040,000 after purchasing an additional 2,168 shares in the last quarter. Finally, Aigen Investment Management LP increased its position in W.W. Grainger by 751.8% during the 1st quarter. Aigen Investment Management LP now owns 4,523 shares of the industrial products company’s stock worth $1,813,000 after purchasing an additional 3,992 shares in the last quarter. Institutional investors and hedge funds own 69.33% of the company’s stock.

About W.W. Grainger

W.W. Grainger, Inc operates as a supplier of maintenance, repair and operating products (MRO), with operations also in Europe, Asia and Latin America. It operates through two segments: United States and Canada. The United States segment offers a selection of MRO products and services through its eCommerce platforms, catalogs, branches and sales and service representatives.

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Analyst Recommendations for W.W. Grainger (NYSE:GWW)

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