W.W. Grainger Inc. (NYSE:GWW) had its price target reduced by analysts at Royal Bank Of Canada from $186.00 to $174.00 in a note issued to investors on Monday. The brokerage presently has an “underperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential downside of 23.21% from the company’s current price.

Other research analysts also recently issued research reports about the company. BMO Capital Markets reiterated a “buy” rating on shares of W.W. Grainger in a report on Wednesday, October 19th. Barclays PLC increased their price objective on W.W. Grainger from $209.00 to $213.00 and gave the company an “equal weight” rating in a report on Monday, July 18th. Wells Fargo & Co. reiterated a “hold” rating on shares of W.W. Grainger in a report on Wednesday, November 9th. Stifel Nicolaus dropped their price objective on 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, Credit Suisse Group AG set a $205.00 price objective on W.W. Grainger and gave the company a “hold” rating in a report on Wednesday, October 19th. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $224.69.

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

Shares of W.W. Grainger (NYSE:GWW) opened at 226.58 on Monday. The firm has a market capitalization of $13.50 billion, a P/E ratio of 20.39 and a beta of 0.74. The firm’s 50-day moving average is $214.27 and its 200 day moving average is $222.91. W.W. Grainger has a 52 week low of $176.85 and a 52 week high of $239.95.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Tuesday, October 18th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.07. W.W. Grainger had a return on equity of 31.67% and a net margin of 6.81%. The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the business posted $3.03 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts forecast that W.W. Grainger will post $11.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be issued a dividend of $1.22 per share. 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 43.88%.

A number of large investors have recently modified their holdings of GWW. Assetmark Inc. increased its position in W.W. Grainger by 18.4% in the third quarter. Assetmark Inc. now owns 489 shares of the company’s stock worth $110,000 after buying an additional 76 shares during the last quarter. NEXT Financial Group Inc increased its position in W.W. Grainger by 22.3% in the third quarter. NEXT Financial Group Inc now owns 553 shares of the company’s stock worth $124,000 after buying an additional 101 shares during the last quarter. Cornerstone Advisors Inc. increased its position in W.W. Grainger by 3,122.2% in the third quarter. Cornerstone Advisors Inc. now owns 580 shares of the company’s stock worth $130,000 after buying an additional 562 shares during the last quarter. Van ECK Associates Corp increased its position in W.W. Grainger by 31.8% in the second quarter. Van ECK Associates Corp now owns 601 shares of the company’s stock worth $137,000 after buying an additional 145 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in W.W. Grainger by 5.1% in the second quarter. CENTRAL TRUST Co now owns 832 shares of the company’s stock worth $189,000 after buying an additional 40 shares during the last quarter. Institutional investors own 83.20% 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.

5 Day Chart for NYSE:GWW

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