W.W. Grainger Inc. (GWW) Stock Rating Reaffirmed by Wells Fargo & Co.
W.W. Grainger Inc. (NYSE:GWW)‘s stock had its “hold” rating reiterated by stock analysts at Wells Fargo & Co. in a research note issued to investors on Wednesday.
A number of other analysts have also weighed in on GWW. Zacks Investment Research lowered shares of W.W. Grainger from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Macquarie began coverage on shares of W.W. Grainger in a report on Thursday, August 25th. They issued an “outperform” rating and a $274.00 price target on the stock. RBC Capital Markets reissued an “underperform” rating and issued a $211.00 price target on shares of W.W. Grainger in a report on Monday, September 19th. Stifel Nicolaus decreased their price target on shares of W.W. Grainger from $235.00 to $216.00 and set a “hold” rating on the stock in a report on Wednesday, October 19th. Finally, BMO Capital Markets reissued a “buy” rating on shares of W.W. Grainger in a report on Wednesday, October 19th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. W.W. Grainger currently has an average rating of “Hold” and a consensus price target of $225.50.
W.W. Grainger (NYSE:GWW) opened at 227.25 on Wednesday. W.W. Grainger has a one year low of $176.85 and a one year high of $239.95. The stock’s 50 day moving average is $214.11 and its 200-day moving average is $222.93. The firm has a market cap of $13.54 billion, a price-to-earnings ratio of 20.45 and a beta of 0.74.
W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Tuesday, October 18th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.07. W.W. Grainger had a net margin of 6.81% and a return on equity of 31.67%. The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the previous year, the firm posted $3.03 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that W.W. Grainger will post $11.53 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be issued a $1.22 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $4.88 annualized dividend and a yield of 2.15%. W.W. Grainger’s dividend payout ratio (DPR) is presently 43.88%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. raised its position in shares of W.W. Grainger by 18.4% in the third quarter. Assetmark Inc. now owns 489 shares of the company’s stock valued at $110,000 after buying an additional 76 shares during the period. NEXT Financial Group Inc raised its position in shares of W.W. Grainger by 22.3% in the third quarter. NEXT Financial Group Inc now owns 553 shares of the company’s stock valued at $124,000 after buying an additional 101 shares during the last quarter. Cornerstone Advisors Inc. raised its position in shares of W.W. Grainger by 3,122.2% in the third quarter. Cornerstone Advisors Inc. now owns 580 shares of the company’s stock valued at $130,000 after buying an additional 562 shares during the last quarter. Van ECK Associates Corp raised its position in shares of 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 during the last quarter. Finally, CENTRAL TRUST Co raised its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 83.78% 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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