W.W. Grainger Inc. (GWW) Stock Rating Reaffirmed by Stifel Nicolaus
W.W. Grainger Inc. (NYSE:GWW)‘s stock had its “hold” rating reaffirmed by research analysts at Stifel Nicolaus in a research note issued on Wednesday. They presently have a $224.00 target price on the stock, up from their prior target price of $210.00. Stifel Nicolaus’ target price indicates a potential upside of 1.74% from the company’s current price.
Other analysts also recently issued reports about the company. BMO Capital Markets decreased their price target on W.W. Grainger from $300.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, July 20th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of W.W. Grainger in a report on Wednesday, November 9th. Credit Suisse Group AG set a $205.00 price target on W.W. Grainger and gave the stock a “hold” rating in a report on Wednesday, October 19th. Zacks Investment Research raised W.W. Grainger from a “sell” rating to a “hold” rating in a report on Tuesday, September 20th. Finally, Barclays PLC set a $213.00 target price on W.W. Grainger and gave the stock a “hold” rating in a research report on Monday. Five investment 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 company has a consensus rating of “Hold” and a consensus price target of $226.33.
Shares of W.W. Grainger (NYSE:GWW) opened at 220.16 on Wednesday. The stock has a 50 day moving average price of $214.85 and a 200-day moving average price of $222.57. W.W. Grainger has a 52 week low of $176.85 and a 52 week high of $239.95. The stock has a market cap of $13.11 billion, a P/E ratio of 19.81 and a beta of 0.74.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Tuesday, October 18th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.99 by $0.07. The company earned $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. W.W. Grainger had a return on equity of 31.67% and a net margin of 6.81%. W.W. Grainger’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.03 EPS. Equities analysts predict that W.W. Grainger will post $11.52 EPS for the current fiscal 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 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Wednesday, November 9th. W.W. Grainger’s dividend payout ratio is presently 43.88%.
A number of large investors have recently made changes to their positions in GWW. Assetmark Inc. raised its stake in shares of 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 in the last quarter. NEXT Financial Group Inc raised its stake 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 period. Cornerstone Advisors Inc. raised its stake 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 period. Van ECK Associates Corp raised its stake 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 period. Finally, Virtus Investment Advisers Inc. purchased a new stake in shares of W.W. Grainger during the third quarter valued at approximately $183,000. 83.20% of the stock is currently owned by institutional investors.
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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