W.R. Grace & Co. (NYSE:GRA) had its price target reduced by Monness Crespi & Hardt from $86.00 to $83.00 in a report released on Thursday morning, MarketBeat Ratings reports. They currently have a buy rating on the specialty chemicals company’s stock.

A number of other research analysts also recently issued reports on GRA. Zacks Investment Research downgraded shares of W.R. Grace & Co. from a buy rating to a hold rating in a research report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) downgraded shares of W.R. Grace & Co. from a buy rating to a neutral rating and set a $83.00 target price on the stock. in a research report on Thursday, June 8th. Vertical Research assumed coverage on shares of W.R. Grace & Co. in a research report on Thursday, May 25th. They set a buy rating and a $81.00 target price on the stock. Aegis restated a buy rating on shares of W.R. Grace & Co. in a research report on Wednesday, May 31st. Finally, TheStreet upgraded shares of W.R. Grace & Co. from a c rating to a b- rating in a research report on Thursday, June 1st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $80.18.

Shares of W.R. Grace & Co. (GRA) traded down 1.11% during trading on Thursday, hitting $68.81. 150,404 shares of the stock traded hands. The company has a 50 day moving average of $70.94 and a 200-day moving average of $70.33. W.R. Grace & Co. has a 1-year low of $63.37 and a 1-year high of $80.56. The company has a market cap of $4.69 billion, a PE ratio of 33.50 and a beta of 1.14.

W.R. Grace & Co. (NYSE:GRA) last released its earnings results on Thursday, July 27th. The specialty chemicals company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. W.R. Grace & Co. had a net margin of 8.20% and a return on equity of 43.48%. The company had revenue of $429.50 million for the quarter, compared to the consensus estimate of $407.72 million. During the same period in the prior year, the company posted $0.74 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. On average, equities analysts anticipate that W.R. Grace & Co. will post $3.37 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be given a $0.21 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.21%. W.R. Grace & Co.’s dividend payout ratio is 42.21%.

In related news, VP Mark A. Shelnitz sold 26,853 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $71.44, for a total value of $1,918,378.32. Following the sale, the vice president now directly owns 83,437 shares in the company, valued at approximately $5,960,739.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William C. Dockman sold 4,940 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $70.02, for a total transaction of $345,898.80. Following the completion of the sale, the vice president now owns 6,275 shares in the company, valued at $439,375.50. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. TIAA CREF Investment Management LLC boosted its stake in W.R. Grace & Co. by 70.4% in the first quarter. TIAA CREF Investment Management LLC now owns 2,058,989 shares of the specialty chemicals company’s stock worth $143,532,000 after buying an additional 850,772 shares during the last quarter. Teachers Advisors LLC boosted its stake in W.R. Grace & Co. by 191.5% in the first quarter. Teachers Advisors LLC now owns 1,782,872 shares of the specialty chemicals company’s stock worth $124,284,000 after buying an additional 1,171,266 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in W.R. Grace & Co. by 8.2% in the first quarter. Neuberger Berman Group LLC now owns 1,306,502 shares of the specialty chemicals company’s stock worth $91,076,000 after buying an additional 98,913 shares during the last quarter. State Street Corp boosted its stake in W.R. Grace & Co. by 1.2% in the first quarter. State Street Corp now owns 1,282,155 shares of the specialty chemicals company’s stock worth $89,390,000 after buying an additional 14,641 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in W.R. Grace & Co. by 5.3% in the first quarter. Geode Capital Management LLC now owns 518,485 shares of the specialty chemicals company’s stock worth $36,128,000 after buying an additional 26,059 shares during the last quarter. 83.74% of the stock is owned by institutional investors and hedge funds.

About W.R. Grace & Co.

W. R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in two segments: Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.

Analyst Recommendations for W.R. Grace & Co. (NYSE:GRA)

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