W W Grainger (GWW) PT Raised to $316.00

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W W Grainger (NYSE:GWW) had its target price boosted by Buckingham Research from $309.00 to $316.00 in a report released on Wednesday, BenzingaRatingsTable reports. Buckingham Research currently has a neutral rating on the industrial products company’s stock.

A number of other equities analysts have also recently weighed in on GWW. Morgan Stanley started coverage on shares of W W Grainger in a research report on Tuesday, December 18th. They set an underweight rating and a $265.00 price objective for the company. Zacks Investment Research raised shares of W W Grainger from a hold rating to a buy rating and set a $319.00 price objective for the company in a research report on Tuesday, December 18th. Jefferies Financial Group started coverage on shares of W W Grainger in a research report on Monday, January 7th. They set a hold rating and a $300.00 price objective for the company. Wolfe Research cut shares of W W Grainger from a market perform rating to an underperform rating in a research report on Tuesday, January 8th. Finally, Macquarie raised shares of W W Grainger from a neutral rating to an outperform rating and set a $281.21 price target for the company in a research report on Tuesday, January 15th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $311.66.

NYSE:GWW opened at $308.18 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.37 and a quick ratio of 1.34. The company has a market cap of $17.14 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.42 and a beta of 1.01. W W Grainger has a fifty-two week low of $265.00 and a fifty-two week high of $372.06.

W W Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, January 24th. The industrial products company reported $3.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.60 by $0.36. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.81 billion. W W Grainger had a net margin of 6.95% and a return on equity of 46.52%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $2.94 EPS. As a group, equities analysts forecast that W W Grainger will post 17.99 EPS for the current year.

In other W W Grainger news, VP John L. Howard sold 1,211 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $310.09, for a total value of $375,518.99. Following the completion of the transaction, the vice president now owns 44,934 shares of the company’s stock, valued at approximately $13,933,584.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Donald G. Macpherson sold 2,317 shares of W W Grainger stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $310.03, for a total transaction of $718,339.51. Following the sale, the chairman now directly owns 45,848 shares of the company’s stock, valued at $14,214,255.44. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in GWW. GSA Capital Partners LLP purchased a new stake in shares of W W Grainger during the 3rd quarter worth $386,000. Man Group plc lifted its position in shares of W W Grainger by 174.9% during the 3rd quarter. Man Group plc now owns 23,757 shares of the industrial products company’s stock worth $8,491,000 after purchasing an additional 15,114 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of W W Grainger by 6.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 11,238 shares of the industrial products company’s stock worth $4,017,000 after purchasing an additional 724 shares during the last quarter. HPM Partners LLC lifted its position in shares of W W Grainger by 21.8% during the 3rd quarter. HPM Partners LLC now owns 1,716 shares of the industrial products company’s stock worth $613,000 after purchasing an additional 307 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of W W Grainger by 24.5% during the 3rd quarter. AQR Capital Management LLC now owns 569,141 shares of the industrial products company’s stock worth $203,417,000 after purchasing an additional 111,929 shares during the last quarter. 78.21% of the stock is owned by institutional investors and hedge funds.

W W Grainger Company Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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Analyst Recommendations for W W Grainger (NYSE:GWW)

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