W W Grainger (GWW) Getting Somewhat Positive Press Coverage, Study Finds
Media stories about W W Grainger (NYSE:GWW) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. W W Grainger earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.4435913356051 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Hot Stock’s Alert: WW Grainger Inc (NYSE: GWW) – Alpha Beta Stock (alphabetastock.com)
- W W Grainger Inc (GWW) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Insider Selling: W W Grainger Inc (GWW) VP Sells 9,158 Shares of Stock (americanbankingnews.com)
- Renaissance Appoints New Chief Strategy Officer (prweb.com)
- W W Grainger (GWW) Receives Underperform Rating from Credit Suisse Group (americanbankingnews.com)
GWW has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded W W Grainger from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. TheStreet raised W W Grainger from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. BMO Capital Markets reaffirmed a “market perform” rating and set a $178.00 price target (up from $165.00) on shares of W W Grainger in a report on Monday, October 9th. Oppenheimer reaffirmed a “buy” rating and set a $245.00 price target on shares of W W Grainger in a report on Monday, November 13th. Finally, Royal Bank of Canada lifted their price target on W W Grainger from $148.00 to $151.00 and gave the stock an “underperform” rating in a report on Monday, November 13th. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. W W Grainger currently has a consensus rating of “Hold” and an average target price of $195.77.
W W Grainger (NYSE:GWW) last posted its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, topping the Zacks’ 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 analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the firm earned $3.06 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. equities research analysts forecast that W W Grainger will post 10.71 earnings per share for the current fiscal year.
In other news, VP John L. Howard sold 21,000 shares of W W Grainger stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $220.56, for a total transaction of $4,631,760.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Laura D. Brown sold 9,158 shares of W W Grainger stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $232.86, for a total value of $2,132,531.88. Following the sale, the vice president now owns 16,893 shares in the company, valued at approximately $3,933,703.98. The disclosure for this sale can be found here. Insiders have sold 30,694 shares of company stock worth $6,873,861 in the last quarter. Insiders own 9.60% of the company’s stock.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W W Grainger and related companies with MarketBeat.com's FREE daily email newsletter.