TheStreet downgraded shares of W.W. Grainger, Inc. (NYSE:GWW) from a b rating to a c+ rating in a research note issued to investors on Wednesday.
A number of other research analysts also recently commented on the company. Stifel Nicolaus increased their target price on W.W. Grainger from $245.00 to $266.00 and gave the stock a hold rating in a report on Friday. Barclays PLC reissued an equal weight rating and issued a $239.00 price target (up previously from $226.00) on shares of W.W. Grainger in a report on Thursday. Deutsche Bank AG raised W.W. Grainger from a sell rating to a hold rating and raised their price target for the stock from $194.00 to $246.00 in a report on Thursday. Morgan Stanley raised their price target on W.W. Grainger from $229.00 to $233.00 and gave the stock an underweight rating in a report on Thursday. Finally, BMO Capital Markets reissued a buy rating on shares of W.W. Grainger in a report on Thursday. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. W.W. Grainger has a consensus rating of Hold and an average target price of $238.79.
Shares of W.W. Grainger (NYSE:GWW) opened at 256.39 on Wednesday. The firm has a market cap of $15.08 billion, a price-to-earnings ratio of 25.97 and a beta of 0.80. The firm has a 50-day moving average price of $239.00 and a 200 day moving average price of $225.98. W.W. Grainger has a 12-month low of $189.57 and a 12-month high of $262.71.
W.W. Grainger (NYSE:GWW) last released its earnings results on Wednesday, January 25th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.09. W.W. Grainger had a return on equity of 32.79% and a net margin of 5.98%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the business posted $2.49 EPS. W.W. Grainger’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities research analysts anticipate that W.W. Grainger will post $11.88 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Monday, February 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Thursday, February 9th. W.W. Grainger’s payout ratio is 49.64%.
In related news, VP John L. Howard sold 11,000 shares of W.W. Grainger stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $230.00, for a total value of $2,530,000.00. Following the transaction, the vice president now directly owns 49,406 shares in the company, valued at approximately $11,363,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman James T. Ryan sold 65,000 shares of W.W. Grainger stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $234.17, for a total value of $15,221,050.00. Following the completion of the transaction, the chairman now owns 163,478 shares in the company, valued at $38,281,643.26. The disclosure for this sale can be found here. Insiders own 9.60% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Assetmark Inc. boosted its stake in shares of W.W. Grainger by 18.4% in the third quarter. Assetmark Inc. now owns 489 shares of the company’s stock valued at $110,000 after buying an additional 76 shares during the period. NEXT Financial Group Inc boosted its stake in shares of W.W. Grainger by 22.3% in the third quarter. NEXT Financial Group Inc now owns 553 shares of the company’s stock valued at $124,000 after buying an additional 101 shares during the period. Cornerstone Advisors Inc. boosted its stake in shares of W.W. Grainger by 3,122.2% in the third quarter. Cornerstone Advisors Inc. now owns 580 shares of the company’s stock valued at $130,000 after buying an additional 562 shares during the period. Van ECK Associates Corp boosted its stake in shares of W.W. Grainger by 31.8% in the second quarter. Van ECK Associates Corp now owns 601 shares of the company’s stock valued at $137,000 after buying an additional 145 shares during the period. Finally, Virtus Investment Advisers Inc. acquired a new stake in shares of W.W. Grainger during the third quarter valued at approximately $183,000. 82.38% of the stock is owned by institutional investors and hedge funds.
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.