Wells Fargo & Company restated their market perform rating on shares of W.W. Grainger, Inc. (NYSE:GWW) in a report issued on Wednesday, July 12th. The brokerage currently has a $174.00 target price on the industrial products company’s stock, down from their prior target price of $202.50.

Several other equities research analysts have also issued reports on GWW. BMO Capital Markets lowered W.W. Grainger from an outperform rating to a market perform rating and reduced their price target for the company from $290.00 to $255.00 in a report on Thursday, March 30th. Royal Bank Of Canada reissued a sell rating and issued a $209.00 price objective on shares of W.W. Grainger in a research note on Tuesday, April 11th. Credit Suisse Group downgraded W.W. Grainger from a neutral rating to an underperform rating and cut their price objective for the company from $235.00 to $175.00 in a research note on Wednesday, April 19th. Stephens set a $190.00 price objective on W.W. Grainger and gave the company a hold rating in a research note on Wednesday, April 19th. Finally, Zacks Investment Research downgraded W.W. Grainger from a hold rating to a strong sell rating in a research report on Friday, April 21st. Five equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The stock has an average rating of Hold and a consensus price target of $180.33.

W.W. Grainger (NYSE GWW) opened at 167.39 on Wednesday. The firm’s 50-day moving average is $173.85 and its 200 day moving average is $209.15. W.W. Grainger has a 12-month low of $160.29 and a 12-month high of $262.71. The stock has a market capitalization of $9.66 billion, a P/E ratio of 19.30 and a beta of 0.74.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.09. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.63 billion. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.89 EPS. Equities analysts expect that W.W. Grainger will post $10.38 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be issued a $1.28 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $5.12 dividend on an annualized basis and a yield of 3.06%. W.W. Grainger’s dividend payout ratio is presently 59.12%.

Several large investors have recently made changes to their positions in GWW. Harfst & Associates Inc. purchased a new position in shares of W.W. Grainger during the first quarter worth $116,000. Ibex Wealth Advisors bought a new position in W.W. Grainger during the fourth quarter worth approximately $134,000. Salem Investment Counselors Inc. bought a new position in W.W. Grainger during the first quarter worth approximately $138,000. NEXT Financial Group Inc raised its position in W.W. Grainger by 35.0% in the first quarter. NEXT Financial Group Inc now owns 783 shares of the industrial products company’s stock worth $151,000 after buying an additional 203 shares during the period. Finally, Chicago Partners Investment Group LLC raised its position in W.W. Grainger by 18,650.0% in the second quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock worth $155,000 after buying an additional 746 shares during the period. Institutional investors own 82.43% 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.

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

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