W.W. Grainger, Inc. (GWW) Receives Average Rating of “Hold” from Brokerages
W.W. Grainger, Inc. (NYSE:GWW) has been given an average rating of “Hold” by the seventeen ratings firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating and eleven have issued a hold rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $180.33.
A number of brokerages have commented on GWW. BMO Capital Markets reiterated a “hold” rating and set a $198.00 target price on shares of W.W. Grainger in a report on Thursday, May 25th. BidaskClub upgraded W.W. Grainger from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Morgan Stanley lowered their target price on W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating on the stock in a report on Thursday, July 20th. Stephens set a $190.00 target price on W.W. Grainger and gave the company a “hold” rating in a report on Wednesday, April 19th. Finally, Deutsche Bank AG cut W.W. Grainger from a “hold” rating to a “sell” rating and lowered their target price for the company from $246.00 to $145.00 in a report on Thursday, May 18th.
Shares of W.W. Grainger (NYSE:GWW) traded down 1.14% during trading on Tuesday, reaching $165.08. The company had a trading volume of 771,418 shares. The firm’s 50 day moving average price is $171.36 and its 200 day moving average price is $204.17. The firm has a market capitalization of $9.52 billion, a P/E ratio of 19.03 and a beta of 0.74. W.W. Grainger has a 12 month low of $160.29 and a 12 month high of $262.71.
W.W. Grainger (NYSE:GWW) last announced its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.09. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.63 billion. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. W.W. Grainger’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.89 EPS. Equities analysts predict that W.W. Grainger will post $10.38 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Thursday, August 10th. W.W. Grainger’s dividend payout ratio (DPR) is 59.12%.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in W.W. Grainger by 1,509.4% in the first quarter. BlackRock Inc. now owns 3,417,297 shares of the industrial products company’s stock valued at $795,411,000 after buying an additional 3,204,962 shares during the period. Longview Partners Guernsey LTD boosted its stake in W.W. Grainger by 32.6% in the second quarter. Longview Partners Guernsey LTD now owns 3,755,706 shares of the industrial products company’s stock valued at $678,018,000 after buying an additional 923,948 shares during the period. The Manufacturers Life Insurance Company boosted its stake in W.W. Grainger by 1,082.1% in the second quarter. The Manufacturers Life Insurance Company now owns 904,298 shares of the industrial products company’s stock valued at $163,253,000 after buying an additional 827,796 shares during the period. Wellington Management Group LLP acquired a new stake in W.W. Grainger during the first quarter valued at about $147,000,000. Finally, Koch Industries Inc. boosted its stake in W.W. Grainger by 27,293.0% in the second quarter. Koch Industries Inc. now owns 471,433 shares of the industrial products company’s stock valued at $469,000 after buying an additional 469,712 shares during the period. Institutional investors and hedge funds own 79.59% of the company’s stock.
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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.
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