W.W. Grainger, Inc. (GWW) Receives Consensus Rating of “Hold” from Brokerages
Shares of W.W. Grainger, Inc. (NYSE:GWW) have earned a consensus recommendation of “Hold” from the eighteen analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell recommendation and eleven have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $179.42.
A number of analysts have recently commented on GWW shares. Credit Suisse Group upgraded W.W. Grainger to a “hold” rating and set a $175.00 price objective for the company in a report on Wednesday, July 19th. Deutsche Bank AG lowered shares of W.W. Grainger from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $246.00 to $145.00 in a research note on Thursday, May 18th. Royal Bank Of Canada dropped their price target on shares of W.W. Grainger from $166.00 to $156.00 and set an “underperform” rating on the stock in a research note on Monday, May 15th. Morgan Stanley dropped their price target on shares of W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating on the stock in a research note on Thursday, July 20th. Finally, BidaskClub lowered shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.
W.W. Grainger (NYSE GWW) traded up 1.47% during midday trading on Friday, hitting $164.97. The company had a trading volume of 760,377 shares. The stock has a 50 day moving average price of $164.27 and a 200-day moving average price of $193.04. W.W. Grainger has a 52 week low of $155.00 and a 52 week high of $262.71. The stock has a market capitalization of $9.52 billion, a PE ratio of 19.02 and a beta of 0.74.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.09. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the previous year, the company earned $2.89 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts predict that W.W. Grainger will post $10.37 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 14th were given a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, August 10th. W.W. Grainger’s payout ratio is presently 59.12%.
A number of institutional investors have recently made changes to their positions in GWW. Salem Investment Counselors Inc. boosted its stake in shares of W.W. Grainger by 1.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 6 shares in the last quarter. Harfst & Associates Inc. acquired a new stake in shares of W.W. Grainger in the 1st quarter valued at approximately $116,000. NEXT Financial Group Inc boosted its stake in shares of W.W. Grainger by 35.0% in the 1st quarter. NEXT Financial Group Inc now owns 783 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 203 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of W.W. Grainger by 18,650.0% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 746 shares in the last quarter. Finally, Enterprise Financial Services Corp boosted its stake in shares of W.W. Grainger by 80.8% in the 2nd quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock valued at $163,000 after purchasing an additional 403 shares in the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.
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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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