W.W. Grainger Inc. (GWW) Earns Buy Rating from BMO Capital Markets
W.W. Grainger Inc. (NYSE:GWW)‘s stock had its “buy” rating restated by BMO Capital Markets in a note issued to investors on Wednesday.
Several other brokerages also recently issued reports on GWW. RBC Capital Markets reaffirmed an “underperform” rating and issued a $211.00 price target on shares of W.W. Grainger in a research report on Monday, September 19th. Credit Suisse Group AG lowered their price target on W.W. Grainger from $211.00 to $205.00 and set a “neutral” rating on the stock in a research report on Wednesday. Zacks Investment Research downgraded W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Stifel Nicolaus lowered their price target on W.W. Grainger from $235.00 to $216.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Barclays PLC raised their price target on W.W. Grainger from $209.00 to $213.00 and gave the company an “equal weight” rating in a research report on Monday, July 18th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. W.W. Grainger has a consensus rating of “Hold” and a consensus price target of $225.50.
Shares of W.W. Grainger (NYSE:GWW) traded down 0.29% during mid-day trading on Wednesday, reaching $205.27. The company’s stock had a trading volume of 652,332 shares. W.W. Grainger has a 12 month low of $176.85 and a 12 month high of $239.95. The stock has a market capitalization of $12.40 billion, a P/E ratio of 18.67 and a beta of 0.81. The company has a 50 day moving average price of $222.13 and a 200 day moving average price of $225.65.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.99 by $0.07. W.W. Grainger had a return on equity of 31.26% and a net margin of 6.91%. The business earned $2.60 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the company earned $3.03 earnings per share. W.W. Grainger’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that W.W. Grainger will post $11.54 earnings per share for the current fiscal year.
In other news, VP Joseph C. High sold 1,722 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $220.00, for a total value of $378,840.00. Following the completion of the transaction, the vice president now owns 7,531 shares in the company, valued at $1,656,820. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.60% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can boosted its position in W.W. Grainger by 32.0% in the third quarter. Bank of Montreal Can now owns 50,829 shares of the company’s stock valued at $11,430,000 after buying an additional 12,308 shares during the period. Farmers & Merchants Investments Inc. boosted its position in W.W. Grainger by 1.7% in the third quarter. Farmers & Merchants Investments Inc. now owns 9,983 shares of the company’s stock valued at $2,245,000 after buying an additional 170 shares during the period. Somerset Trust Co boosted its position in W.W. Grainger by 3.5% in the third quarter. Somerset Trust Co now owns 3,099 shares of the company’s stock valued at $697,000 after buying an additional 104 shares during the period. BTIM Corp. boosted its position in W.W. Grainger by 0.6% in the third quarter. BTIM Corp. now owns 319,414 shares of the company’s stock valued at $71,817,000 after buying an additional 1,816 shares during the period. Finally, National Pension Service boosted its position in W.W. Grainger by 9.3% in the third quarter. National Pension Service now owns 44,202 shares of the company’s stock valued at $9,938,000 after buying an additional 3,767 shares during the period. Institutional investors own 82.56% of the company’s stock.
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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