W W Grainger Inc (NYSE:GWW)‘s stock had its “sell” rating reaffirmed by equities research analysts at Royal Bank of Canada in a report released on Wednesday. They currently have a $166.00 price target on the industrial products company’s stock, down from their previous price target of $209.00. Royal Bank of Canada’s target price would indicate a potential downside of 15.29% from the stock’s current price.

Several other research firms also recently commented on GWW. BMO Capital Markets restated a “buy” rating on shares of W W Grainger in a research report on Thursday, January 26th. Deutsche Bank AG upgraded W W Grainger from a “sell” rating to a “hold” rating and raised their target price for the stock from $194.00 to $246.00 in a research report on Thursday, January 26th. TheStreet upgraded W W Grainger from a “c+” rating to a “b-” rating in a research report on Monday, February 27th. Wells Fargo & Co restated a “market perform” rating on shares of W W Grainger in a research report on Saturday, January 28th. Finally, Credit Suisse Group AG downgraded W W Grainger from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $235.00 to $175.00 in a research report on Wednesday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $230.00.

Analyst Recommendations for W W Grainger (NYSE:GWW)

W W Grainger (NYSE:GWW) opened at 195.96 on Wednesday. The firm has a 50 day moving average price of $234.85 and a 200-day moving average price of $233.23. The firm has a market capitalization of $11.53 billion, a price-to-earnings ratio of 19.85 and a beta of 0.82. W W Grainger has a 12 month low of $192.50 and a 12 month high of $262.71.



W W Grainger (NYSE:GWW) last posted its earnings results on Tuesday, April 18th. The industrial products company reported $2.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.99 by $0.11. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.57 billion. W W Grainger had a return on equity of 32.79% and a net margin of 5.98%. W W Grainger’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.18 EPS. On average, equities analysts forecast that W W Grainger will post $11.87 EPS for the current year.

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In other W W Grainger news, Chairman James T. Ryan sold 2,369 shares of W W Grainger stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $252.46, for a total value of $598,077.74. Following the completion of the transaction, the chairman now owns 167,842 shares in the company, valued at approximately $42,373,391.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Joseph C. High sold 690 shares of W W Grainger stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $252.58, for a total value of $174,280.20. Following the completion of the transaction, the vice president now owns 6,378 shares of the company’s stock, valued at approximately $1,610,955.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,940 shares of company stock valued at $8,712,647. Corporate insiders own 9.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. State Street Corp increased its position in shares of W W Grainger by 5.3% in the fourth quarter. State Street Corp now owns 3,247,283 shares of the industrial products company’s stock valued at $754,163,000 after buying an additional 164,272 shares during the last quarter. Longview Partners Guernsey LTD increased its position in shares of W W Grainger by 1.5% in the third quarter. Longview Partners Guernsey LTD now owns 3,032,124 shares of the industrial products company’s stock valued at $681,743,000 after buying an additional 45,052 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of W W Grainger by 2.8% in the third quarter. Wells Fargo & Company MN now owns 1,351,780 shares of the industrial products company’s stock valued at $303,934,000 after buying an additional 37,263 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of W W Grainger by 3.0% in the third quarter. BlackRock Fund Advisors now owns 928,279 shares of the industrial products company’s stock valued at $208,714,000 after buying an additional 27,349 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of W W Grainger by 12.9% in the third quarter. Mackenzie Financial Corp now owns 857,608 shares of the industrial products company’s stock valued at $192,825,000 after buying an additional 97,875 shares during the last quarter. Hedge funds and other institutional investors own 80.18% 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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