W.W. Grainger, Inc. (NYSE:GWW) was upgraded by analysts at Atlantic Securities from an “underweight” rating to a “neutral” rating in a research note issued to investors on Thursday.

Several other research firms have also issued reports on GWW. Zacks Investment Research lowered W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Credit Suisse Group reiterated an “underperform” rating and set a $150.00 target price (down from $175.00) on shares of W.W. Grainger in a report on Thursday, July 20th. BMO Capital Markets reiterated a “market perform” rating and set a $178.00 target price (up from $165.00) on shares of W.W. Grainger in a report on Monday, October 9th. Wells Fargo & Company reiterated a “market perform” rating and set a $174.00 target price (down from $202.50) on shares of W.W. Grainger in a report on Wednesday, July 12th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $178.00 target price (up from $172.00) on shares of W.W. Grainger in a report on Monday, October 2nd. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $190.85.

Shares of W.W. Grainger (NYSE:GWW) traded up 1.54% during midday trading on Thursday, hitting $207.81. The stock had a trading volume of 881,352 shares. W.W. Grainger has a 52 week low of $155.00 and a 52 week high of $262.71. The stock has a 50 day moving average price of $177.81 and a 200-day moving average price of $179.17. The stock has a market capitalization of $11.84 billion, a price-to-earnings ratio of 24.80 and a beta of 0.76.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.56 by $0.34. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the company earned $3.06 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. Equities research analysts anticipate that W.W. Grainger will post $10.68 earnings per share for the current year.

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In other W.W. Grainger news, VP Eric R. Tapia sold 190 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $208.26, for a total transaction of $39,569.40. Following the transaction, the vice president now owns 3,748 shares of the company’s stock, valued at $780,558.48. The sale was disclosed in a document filed with the SEC, which is available through this link. 9.60% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cypress Wealth Advisors LLC increased its position in W.W. Grainger by 0.4% during the first quarter. Cypress Wealth Advisors LLC now owns 988 shares of the industrial products company’s stock worth $230,000 after buying an additional 4 shares during the last quarter. Salem Investment Counselors Inc. increased its position in W.W. Grainger by 1.0% during the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after buying an additional 6 shares during the last quarter. Trust Co. of Vermont increased its position in W.W. Grainger by 0.7% during the second quarter. Trust Co. of Vermont now owns 1,293 shares of the industrial products company’s stock worth $234,000 after buying an additional 9 shares during the last quarter. Brown Advisory Securities LLC increased its position in W.W. Grainger by 1.5% during the first quarter. Brown Advisory Securities LLC now owns 1,001 shares of the industrial products company’s stock worth $232,000 after buying an additional 15 shares during the last quarter. Finally, Profund Advisors LLC increased its position in W.W. Grainger by 1.2% during the second quarter. Profund Advisors LLC now owns 1,394 shares of the industrial products company’s stock worth $252,000 after buying an additional 17 shares during the last quarter. 80.48% of the stock is currently owned by hedge funds and other institutional investors.

W.W. Grainger Company Profile

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.

Analyst Recommendations for W.W. Grainger (NYSE:GWW)

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