W.W. Grainger Inc. (GWW) PT Set at $213.00 by Barclays PLC
W.W. Grainger Inc. (NYSE:GWW) has been assigned a $213.00 target price by investment analysts at Barclays PLC in a research report issued on Monday. The firm currently has a a “hold” rating on the stock. Barclays PLC’s price target points to a potential downside of 4.86% from the company’s current price.
A number of other equities analysts have also weighed in on the company. Zacks Investment Research upgraded W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Tuesday, September 20th. RBC Capital Markets restated an “underperform” rating and issued a $211.00 target price on shares of W.W. Grainger in a research note on Monday, September 19th. Macquarie initiated coverage on W.W. Grainger in a research note on Thursday, August 25th. They issued an “outperform” rating and a $274.00 target price on the stock. Royal Bank Of Canada decreased their target price on W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 20th. Finally, BMO Capital Markets restated a “buy” rating on shares of W.W. Grainger in a research note on Wednesday, October 19th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $223.63.
Shares of W.W. Grainger (NYSE:GWW) opened at 223.89 on Monday. The firm’s 50-day moving average price is $214.27 and its 200 day moving average price is $222.91. The firm has a market cap of $13.34 billion, a P/E ratio of 20.15 and a beta of 0.74. W.W. Grainger has a one year low of $176.85 and a one year high of $239.95.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Tuesday, October 18th. The company reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.07. The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.59 billion. W.W. Grainger had a return on equity of 31.67% and a net margin of 6.81%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.03 EPS. Analysts predict that W.W. Grainger will post $11.52 EPS for the current year.
The firm 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. This represents a $4.88 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Wednesday, November 9th. W.W. Grainger’s dividend payout ratio (DPR) is currently 43.88%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GWW. Assetmark Inc. boosted 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 boosted 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. boosted 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 boosted 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, Virtus Investment Advisers Inc. purchased a new position in W.W. Grainger during the third quarter worth approximately $183,000. 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.
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