W.W. Grainger, Inc. (NYSE:GWW) had its target price increased by research analysts at Royal Bank Of Canada from $148.00 to $151.00 in a report released on Monday. The brokerage currently has an “underperform” rating on the industrial products company’s stock. Royal Bank Of Canada’s target price would suggest a potential downside of 22.79% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Credit Suisse Group set a $172.00 price target on shares of W.W. Grainger and gave the stock a “sell” rating in a research report on Wednesday, October 18th. BMO Capital Markets reiterated a “market perform” rating and set a $178.00 price target (up previously from $165.00) on shares of W.W. Grainger in a research report on Monday, October 9th. Wells Fargo & Company set a $210.00 price target on shares of W.W. Grainger and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Finally, Morgan Stanley set a $185.00 price target on shares of W.W. Grainger and gave the stock a “sell” rating in a research report on Wednesday, October 18th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $191.23.

Shares of W.W. Grainger (GWW) opened at $195.58 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.28 and a quick ratio of 1.28. The firm has a market cap of $11,156.74, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.89 and a beta of 0.78. W.W. Grainger has a 1 year low of $155.00 and a 1 year high of $262.71.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.34. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.65 billion. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.06 EPS. equities research analysts forecast that W.W. Grainger will post 10.68 earnings per share for the current fiscal year.

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In related news, VP Paige K. Robbins sold 346 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $202.31, for a total transaction of $69,999.26. Following the transaction, the vice president now directly owns 8,400 shares in the company, valued at $1,699,404. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Eric R. Tapia sold 190 shares of the business’s stock in a transaction 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 in the company, valued at $780,558.48. The disclosure for this sale can be found here. Insiders own 9.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Exane Derivatives acquired a new position in W.W. Grainger during the third quarter worth $101,000. Westside Investment Management Inc. acquired a new position in W.W. Grainger during the third quarter worth $107,000. Salem Investment Counselors Inc. increased its holdings in shares of W.W. Grainger by 1.0% in the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 6 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of W.W. Grainger by 18,650.0% in the second quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 746 shares during the last quarter. Finally, Enterprise Financial Services Corp increased its holdings in shares of W.W. Grainger by 80.8% in the second quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock valued at $163,000 after purchasing an additional 403 shares during the last quarter. Institutional investors and hedge funds own 85.98% of the company’s stock.

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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