RBC Capital Markets Reiterates Underperform Rating for W.W. Grainger Inc. (GWW)
W.W. Grainger Inc. (NYSE:GWW)‘s stock had its “underperform” rating reissued by research analysts at RBC Capital Markets in a research report issued to clients and investors on Monday. They currently have a $211.00 price target on the stock. RBC Capital Markets’ target price indicates a potential downside of 2.58% from the stock’s current price.
Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of W.W. Grainger from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. BMO Capital Markets cut their price objective on shares of W.W. Grainger from $300.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, July 20th. Royal Bank Of Canada cut their price objective on shares of W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating for the company in a report on Wednesday, July 20th. Barclays PLC boosted their price objective on shares of W.W. Grainger from $209.00 to $213.00 and gave the company an “equal weight” rating in a report on Monday, July 18th. Finally, Credit Suisse Group AG began coverage on shares of W.W. Grainger in a report on Friday, June 17th. They issued a “neutral” rating and a $222.00 price objective for the company. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. W.W. Grainger currently has an average rating of “Hold” and an average target price of $228.75.
Shares of W.W. Grainger (NYSE:GWW) opened at 216.59 on Monday. The stock’s 50 day moving average is $226.45 and its 200 day moving average is $226.55. W.W. Grainger has a 1-year low of $176.85 and a 1-year high of $239.95. The company has a market capitalization of $13.09 billion, a PE ratio of 19.70 and a beta of 0.77.
W.W. Grainger (NYSE:GWW) last announced its earnings results on Tuesday, July 19th. The company reported $2.89 EPS for the quarter, missing the consensus estimate of $3.17 by $0.28. The company had revenue of $2.60 million for the quarter, compared to the consensus estimate of $2.58 billion. W.W. Grainger had a return on equity of 31.26% and a net margin of 6.91%. During the same period in the previous year, the firm posted $3.27 EPS. On average, equities research analysts anticipate that W.W. Grainger will post $11.54 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 8th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Thursday, August 4th. W.W. Grainger’s payout ratio is 44.40%.
In other W.W. Grainger news, VP Joseph C. High sold 1,722 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $220.00, for a total transaction of $378,840.00. Following the sale, the vice president now directly owns 7,531 shares of the company’s stock, valued at approximately $1,656,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 9.60% of the company’s stock.
A number of large investors have recently bought and sold shares of GWW. Vanguard Group Inc. raised its stake in W.W. Grainger by 0.7% in the second quarter. Vanguard Group Inc. now owns 5,328,701 shares of the company’s stock worth $1,210,948,000 after buying an additional 38,526 shares in the last quarter. First Eagle Investment Management LLC raised its stake in W.W. Grainger by 1.1% in the second quarter. First Eagle Investment Management LLC now owns 1,810,545 shares of the company’s stock worth $411,446,000 after buying an additional 19,999 shares in the last quarter. Franklin Resources Inc. raised its stake in W.W. Grainger by 0.6% in the first quarter. Franklin Resources Inc. now owns 1,208,371 shares of the company’s stock worth $282,071,000 after buying an additional 7,725 shares in the last quarter. Mackenzie Financial Corp raised its stake in W.W. Grainger by 34.5% in the second quarter. Mackenzie Financial Corp now owns 759,733 shares of the company’s stock worth $172,649,000 after buying an additional 195,054 shares in the last quarter. Finally, Norges Bank purchased a new stake in W.W. Grainger during the fourth quarter worth approximately $111,107,000. 82.63% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for W.W. Grainger Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.W. Grainger Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.