W.W. Grainger Inc. (NYSE:GWW) had its price objective cut by equities research analysts at RBC Capital Markets from $186.00 to $174.00 in a research report issued to clients and investors on Monday. The brokerage currently has an “underperform” rating on the stock. RBC Capital Markets’ target price indicates a potential downside of 23.21% from the company’s current price.

Other analysts have also recently issued research reports about the company. Zacks Investment Research cut W.W. Grainger from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Royal Bank Of Canada dropped their price objective on W.W. Grainger from $186.00 to $174.00 and set an “underperform” rating on the stock in a report on Monday. Macquarie began coverage on W.W. Grainger in a report on Thursday, August 25th. They set an “outperform” rating and a $274.00 price objective on the stock. BMO Capital Markets dropped their price objective on W.W. Grainger from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of W.W. Grainger in a report on Wednesday, November 9th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $222.38.

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

Shares of W.W. Grainger (NYSE:GWW) opened at 226.58 on Monday. W.W. Grainger has a 12-month low of $176.85 and a 12-month high of $239.95. The company has a market capitalization of $13.50 billion, a PE ratio of 20.39 and a beta of 0.74. The stock’s 50 day moving average price is $214.27 and its 200 day moving average price is $222.91.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results 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 firm had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the prior year, the firm earned $3.03 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that W.W. Grainger will post $11.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be given a $1.22 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.15%. W.W. Grainger’s dividend payout ratio is currently 43.88%.

Several large investors have recently modified their holdings of GWW. Nuveen Asset Management LLC raised its stake in shares of W.W. Grainger by 33.3% in the first quarter. Nuveen Asset Management LLC now owns 7,184 shares of the company’s stock worth $1,677,000 after buying an additional 1,793 shares in the last quarter. AMP Capital Investors Ltd raised its stake in shares of W.W. Grainger by 6.3% in the first quarter. AMP Capital Investors Ltd now owns 18,515 shares of the company’s stock worth $4,324,000 after buying an additional 1,100 shares in the last quarter. National Pension Service raised its stake in shares of W.W. Grainger by 4.4% in the first quarter. National Pension Service now owns 38,613 shares of the company’s stock worth $9,013,000 after buying an additional 1,640 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of W.W. Grainger by 7.4% in the first quarter. Envestnet Asset Management Inc. now owns 37,967 shares of the company’s stock worth $8,863,000 after buying an additional 2,614 shares in the last quarter. Finally, Babson Capital Management LLC acquired a new stake in shares of W.W. Grainger during the first quarter worth $769,000. Hedge funds and other 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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