W W Grainger (NYSE:GWW) had its target price upped by analysts at Oppenheimer from $400.00 to $410.00 in a note issued to investors on Friday, The Fly reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s target price suggests a potential upside of 15.14% from the company’s current price. Oppenheimer also issued estimates for W W Grainger’s FY2019 earnings at $18.90 EPS.

Several other research analysts also recently issued reports on GWW. Zacks Investment Research downgraded W W Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Wolfe Research initiated coverage on W W Grainger in a research note on Wednesday, June 27th. They issued a “market perform” rating for the company. Robert W. Baird downgraded W W Grainger from an “outperform” rating to a “neutral” rating and set a $240.00 price objective for the company. in a research note on Tuesday, July 3rd. BMO Capital Markets upped their price objective on W W Grainger from $255.00 to $267.00 and gave the company a “market perform” rating in a research note on Friday, July 6th. Finally, Gabelli downgraded W W Grainger from a “buy” rating to a “hold” rating and set a $386.00 price objective for the company. in a research note on Monday, July 16th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company’s stock. W W Grainger presently has a consensus rating of “Hold” and a consensus target price of $303.20.

Shares of NYSE GWW opened at $356.09 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.37 and a quick ratio of 1.34. The stock has a market cap of $19.93 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 1.78 and a beta of 0.83. W W Grainger has a 12 month low of $166.46 and a 12 month high of $372.06.

W W Grainger (NYSE:GWW) last released its quarterly earnings data on Wednesday, July 18th. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.78 by $0.59. W W Grainger had a return on equity of 42.66% and a net margin of 7.16%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. sell-side analysts predict that W W Grainger will post 16.05 earnings per share for the current year.

In other W W Grainger news, VP Eric R. Tapia sold 1,534 shares of the stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $338.19, for a total transaction of $518,783.46. Following the completion of the sale, the vice president now owns 2,278 shares of the company’s stock, valued at approximately $770,396.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John L. Howard sold 14,990 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $368.20, for a total transaction of $5,519,318.00. Following the sale, the vice president now directly owns 58,207 shares of the company’s stock, valued at approximately $21,431,817.40. The disclosure for this sale can be found here. Insiders have sold a total of 38,972 shares of company stock valued at $13,741,862 in the last three months. Insiders own 10.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Sun Life Financial INC boosted its holdings in shares of W W Grainger by 60.4% during the 2nd quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock worth $126,000 after buying an additional 154 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of W W Grainger by 1.1% during the 1st quarter. LPL Financial LLC now owns 16,240 shares of the industrial products company’s stock worth $4,584,000 after buying an additional 171 shares in the last quarter. Martingale Asset Management L P boosted its holdings in shares of W W Grainger by 1.3% during the 2nd quarter. Martingale Asset Management L P now owns 15,083 shares of the industrial products company’s stock worth $4,652,000 after buying an additional 190 shares in the last quarter. Suntrust Banks Inc. boosted its holdings in shares of W W Grainger by 5.5% during the 1st quarter. Suntrust Banks Inc. now owns 3,702 shares of the industrial products company’s stock worth $1,043,000 after buying an additional 194 shares in the last quarter. Finally, Advisor Partners LLC boosted its holdings in shares of W W Grainger by 21.2% during the 2nd quarter. Advisor Partners LLC now owns 1,167 shares of the industrial products company’s stock worth $360,000 after buying an additional 204 shares in the last quarter. 79.11% of the stock is owned by institutional investors and hedge funds.

About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

Further Reading: Hedge Funds

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