W.W. Grainger (NYSE:GWW) PT Lowered to $975.00

W.W. Grainger (NYSE:GWW) had its price target lowered by stock analysts at Loop Capital from $1,000.00 to $975.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the industrial products company’s stock. Loop Capital’s target price suggests a potential upside of 4.79% from the stock’s previous close.

A number of other research firms have also weighed in on GWW. Oppenheimer increased their price objective on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. raised their target price on shares of W.W. Grainger from $800.00 to $925.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. UBS Group raised their target price on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Royal Bank of Canada raised their target price on shares of W.W. Grainger from $809.00 to $907.00 and gave the stock a “sector perform” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $938.89.

W.W. Grainger Trading Up 0.1 %

Shares of NYSE:GWW traded up $1.19 during trading on Monday, reaching $930.45. The company’s stock had a trading volume of 122,096 shares, compared to its average volume of 234,395. The company has a current ratio of 2.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. W.W. Grainger has a 12 month low of $641.95 and a 12 month high of $1,034.18. The firm’s 50 day simple moving average is $979.95 and its two-hundred day simple moving average is $876.26. The stock has a market capitalization of $45.66 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 1.82 and a beta of 1.14.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $9.62 EPS for the quarter, beating analysts’ consensus estimates of $9.57 by $0.05. W.W. Grainger had a net margin of 10.94% and a return on equity of 54.31%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the firm earned $9.61 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, research analysts predict that W.W. Grainger will post 39.3 EPS for the current fiscal year.

Insider Activity at W.W. Grainger

In other W.W. Grainger news, VP Paige K. Robbins sold 3,813 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $968.88, for a total value of $3,694,339.44. Following the completion of the sale, the vice president now directly owns 4,909 shares in the company, valued at $4,756,231.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other W.W. Grainger news, VP Paige K. Robbins sold 3,813 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $968.88, for a total value of $3,694,339.44. Following the completion of the sale, the vice president now directly owns 4,909 shares in the company, valued at $4,756,231.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Paige K. Robbins sold 3,122 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the completion of the sale, the vice president now owns 4,909 shares of the company’s stock, valued at $4,664,629.98. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On W.W. Grainger

A number of large investors have recently made changes to their positions in the stock. Nichols & Pratt Advisers LLP MA purchased a new stake in shares of W.W. Grainger during the first quarter valued at $215,000. Pinnacle Associates Ltd. grew its holdings in shares of W.W. Grainger by 8.4% during the first quarter. Pinnacle Associates Ltd. now owns 336 shares of the industrial products company’s stock valued at $342,000 after buying an additional 26 shares during the last quarter. Trueblood Wealth Management LLC grew its holdings in shares of W.W. Grainger by 6.1% during the first quarter. Trueblood Wealth Management LLC now owns 432 shares of the industrial products company’s stock valued at $439,000 after buying an additional 25 shares during the last quarter. YHB Investment Advisors Inc. grew its holdings in shares of W.W. Grainger by 9.5% during the first quarter. YHB Investment Advisors Inc. now owns 3,180 shares of the industrial products company’s stock valued at $3,235,000 after buying an additional 275 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. grew its holdings in shares of W.W. Grainger by 1.9% during the first quarter. McKinley Carter Wealth Services Inc. now owns 10,252 shares of the industrial products company’s stock valued at $10,429,000 after buying an additional 189 shares during the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

W.W. Grainger Company Profile

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.