W.W. Grainger (NYSE:GWW) PT Raised to $460.00 at Raymond James

W.W. Grainger (NYSE:GWW) had its target price increased by research analysts at Raymond James from $400.00 to $460.00 in a report issued on Monday, Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Raymond James’ price objective indicates a potential downside of 0.58% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley boosted their price objective on W.W. Grainger from $427.00 to $462.00 and gave the company an “equal weight” rating in a report on Monday. UBS Group decreased their price objective on W.W. Grainger from $465.00 to $455.00 and set a “buy” rating for the company in a report on Thursday, February 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on W.W. Grainger from $409.00 to $458.00 and gave the company a “hold” rating in a report on Monday. Jefferies Financial Group boosted their price objective on W.W. Grainger from $460.00 to $520.00 and gave the company a “buy” rating in a report on Monday. Finally, Robert W. Baird boosted their price objective on W.W. Grainger from $452.00 to $500.00 and gave the company an “outperform” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $425.36.

Shares of GWW opened at $462.70 on Monday. W.W. Grainger has a 52-week low of $263.83 and a 52-week high of $479.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.73 and a current ratio of 2.97. The business’s 50 day moving average price is $417.66 and its two-hundred day moving average price is $398.25. The firm has a market cap of $24.11 billion, a PE ratio of 39.96, a price-to-earnings-growth ratio of 2.13 and a beta of 1.15.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Thursday, April 29th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.30 by $0.18. W.W. Grainger had a return on equity of 41.31% and a net margin of 5.37%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period in the previous year, the firm earned $4.24 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. Research analysts predict that W.W. Grainger will post 16.29 EPS for the current fiscal year.

In related news, CEO Donald G. Macpherson sold 4,276 shares of the firm’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $407.01, for a total transaction of $1,740,374.76. Following the transaction, the chief executive officer now directly owns 61,175 shares of the company’s stock, valued at $24,898,836.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Laurie R. Thomson sold 1,994 shares of W.W. Grainger stock in a transaction dated Wednesday, May 5th. The stock was sold at an average price of $459.46, for a total transaction of $916,163.24. Following the completion of the sale, the vice president now directly owns 2,680 shares in the company, valued at approximately $1,231,352.80. The disclosure for this sale can be found here. Insiders have sold 8,805 shares of company stock worth $3,688,815 over the last three months. 13.97% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. bought a new stake in W.W. Grainger in the fourth quarter worth about $89,000. Perigon Wealth Management LLC bought a new stake in W.W. Grainger in the fourth quarter worth about $29,000. Wolff Wiese Magana LLC bought a new stake in W.W. Grainger in the fourth quarter worth about $33,000. Harvest Fund Management Co. Ltd bought a new stake in W.W. Grainger in the fourth quarter worth about $33,000. Finally, International Assets Investment Management LLC raised its position in W.W. Grainger by 112.8% in the first quarter. International Assets Investment Management LLC now owns 83 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 44 shares during the period. 70.63% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Company Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools.

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

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