W W Grainger’s (GWW) “Underperform” Rating Reiterated at Credit Suisse Group
Credit Suisse Group reiterated their underperform rating on shares of W W Grainger (NYSE:GWW) in a research note published on Tuesday morning, The Fly reports. Credit Suisse Group currently has a $190.00 price objective on the industrial products company’s stock, up from their previous price objective of $172.00. The analysts noted that the move was a valuation call.
GWW has been the topic of a number of other research reports. Zacks Investment Research lowered shares of W W Grainger from a hold rating to a sell rating in a research note on Tuesday, September 19th. Royal Bank of Canada raised their price objective on shares of W W Grainger from $145.00 to $146.00 and gave the company an underperform rating in a research note on Wednesday, October 18th. BMO Capital Markets reiterated a market perform rating and set a $178.00 price objective (up previously from $165.00) on shares of W W Grainger in a research note on Monday, October 9th. Wells Fargo & Co set a $210.00 price objective on shares of W W Grainger and gave the company a hold rating in a research note on Wednesday, October 18th. Finally, TheStreet upgraded shares of W W Grainger from a c+ rating to a b- rating in a research note on Wednesday, December 13th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $195.77.
W W Grainger (NYSE GWW) traded up $5.97 during midday trading on Tuesday, hitting $237.72. 677,700 shares of the company were exchanged, compared to its average volume of 811,500. W W Grainger has a fifty-two week low of $155.00 and a fifty-two week high of $262.71. The company has a quick ratio of 1.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $13,550.00, a price-to-earnings ratio of 28.20, a PEG ratio of 2.22 and a beta of 0.82.
In other W W Grainger news, VP Eric R. Tapia sold 190 shares of W W Grainger stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $208.26, for a total value of $39,569.40. Following the transaction, the vice president now owns 3,748 shares in the company, valued at $780,558.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Laura D. Brown sold 9,158 shares of W W Grainger stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $232.86, for a total transaction of $2,132,531.88. Following the completion of the transaction, the vice president now owns 16,893 shares in the company, valued at approximately $3,933,703.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,694 shares of company stock worth $6,873,861. 9.60% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Exane Derivatives acquired a new position in W W Grainger in the 3rd quarter worth approximately $101,000. Westside Investment Management Inc. acquired a new position in W W Grainger in the 3rd quarter worth approximately $107,000. Salem Investment Counselors Inc. boosted its stake in 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 worth $109,000 after purchasing an additional 6 shares during the period. Fieldpoint Private Securities LLC acquired a new position in W W Grainger in the 3rd quarter worth approximately $133,000. Finally, Legacy Advisors LLC acquired a new position in W W Grainger in the 3rd quarter worth approximately $198,000. Hedge funds and other institutional investors own 85.02% 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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