Brokerages Set W.W. Grainger Inc. (NYSE:GWW) Target Price at $229.17
Shares of W.W. Grainger Inc. (NYSE:GWW) have been given a consensus recommendation of “Hold” by the twenty analysts that are covering the company. Six investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $229.17.
Several equities analysts recently weighed in on GWW shares. BMO Capital Markets reaffirmed a “buy” rating on shares of W.W. Grainger in a research note on Friday, June 10th. Credit Suisse Group AG started coverage on shares of W.W. Grainger in a research note on Friday, June 17th. They set a “neutral” rating and a $222.00 target price for the company. Zacks Investment Research cut shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Barclays PLC raised their target price on shares of W.W. Grainger from $209.00 to $213.00 and gave the company an “equal weight” rating in a research note on Monday, July 18th. Finally, Royal Bank Of Canada cut their target price on shares of W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating for the company in a research note on Wednesday, July 20th.
In related news, VP Joseph C. High sold 1,722 shares of W.W. Grainger stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $220.00, for a total transaction of $378,840.00. Following the completion of the sale, 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 available at this link. Corporate insiders own 9.60% of the company’s stock.
Several large investors have recently bought and sold shares of GWW. Van ECK Associates Corp raised its stake in W.W. Grainger by 31.8% in the second quarter. Van ECK Associates Corp now owns 601 shares of the company’s stock valued at $137,000 after buying an additional 145 shares in the last quarter. CENTRAL TRUST Co raised its stake in W.W. Grainger by 5.1% in the second quarter. CENTRAL TRUST Co now owns 832 shares of the company’s stock valued at $189,000 after buying an additional 40 shares in the last quarter. Evercore Wealth Management LLC raised its stake in W.W. Grainger by 4.4% in the second quarter. Evercore Wealth Management LLC now owns 861 shares of the company’s stock valued at $195,000 after buying an additional 36 shares in the last quarter. Ingalls & Snyder LLC acquired a new stake in W.W. Grainger during the second quarter valued at approximately $200,000. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in W.W. Grainger during the second quarter valued at approximately $205,000. Institutional investors and hedge funds own 82.63% of the company’s stock.
Shares of W.W. Grainger (NYSE:GWW) opened at 224.84 on Thursday. W.W. Grainger has a 12-month low of $176.85 and a 12-month high of $239.95. The company has a 50 day moving average of $226.22 and a 200-day moving average of $226.41. The company has a market cap of $13.59 billion, a PE ratio of 20.45 and a beta of 0.77.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $2.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by $0.28. The firm had revenue of $2.60 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $3.27 earnings per share. Equities research analysts anticipate that W.W. Grainger will post $11.54 earnings per share for the current year.
About W.W. Grainger
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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