W.W. Grainger (NYSE:GWW) PT Raised to $520.00


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W.W. Grainger (NYSE:GWW) had its price objective increased by Jefferies Financial Group from $460.00 to $520.00 in a report released on Monday, Analyst Ratings Network reports. The firm presently has a “buy” rating on the industrial products company’s stock. Jefferies Financial Group’s price target indicates a potential upside of 13.95% from the company’s current price. Jefferies Financial Group also issued estimates for W.W. Grainger’s Q2 2021 earnings at $4.54 EPS, FY2021 earnings at $20.04 EPS, Q1 2022 earnings at $5.29 EPS, Q2 2022 earnings at $4.97 EPS, Q1 2023 earnings at $5.91 EPS and FY2023 earnings at $25.52 EPS.

Other research analysts have also issued research reports about the stock. Royal Bank of Canada raised their price target on shares of W.W. Grainger from $354.00 to $369.00 and gave the company an “underperform” rating in a report on Monday. Robert W. Baird raised their price target on shares of W.W. Grainger from $452.00 to $500.00 and gave the company an “outperform” rating in a report on Monday. Deutsche Bank Aktiengesellschaft raised their price target on shares of W.W. Grainger from $409.00 to $458.00 and gave the company a “hold” rating in a report on Monday. Morgan Stanley lowered their price objective on shares of W.W. Grainger from $433.00 to $427.00 and set an “equal weight” rating for the company in a research report on Monday, April 19th. Finally, Raymond James raised their price target on shares of W.W. Grainger from $400.00 to $460.00 and gave the stock an “outperform” rating in a research report on Monday. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. W.W. Grainger has an average rating of “Hold” and an average price target of $421.15.

Shares of GWW stock opened at $456.34 on Monday. The firm has a market cap of $23.89 billion, a P/E ratio of 39.41, a PEG ratio of 2.13 and a beta of 1.15. W.W. Grainger has a 1-year low of $263.83 and a 1-year high of $456.88. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.97 and a quick ratio of 1.73. The firm’s 50-day simple moving average is $408.63 and its 200-day simple moving average is $395.09.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Thursday, April 29th. The industrial products company reported $4.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.30 by $0.18. W.W. Grainger had a net margin of 5.37% and a return on equity of 41.31%. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period in the prior year, the firm posted $4.24 EPS. The company’s revenue was up 2.8% on a year-over-year basis. Analysts expect that W.W. Grainger will post 16.29 earnings per share for the current fiscal year.

In related news, CEO Donald G. Macpherson sold 4,276 shares of W.W. Grainger 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 sale, the chief executive officer now directly owns 61,175 shares in the company, valued at $24,898,836.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John L. Howard sold 2,535 shares of W.W. Grainger stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $407.21, for a total transaction of $1,032,277.35. Following the sale, the vice president now owns 40,893 shares in the company, valued at $16,652,038.53. The disclosure for this sale can be found here. 13.97% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Greenleaf Trust raised its position in W.W. Grainger by 2.4% in the first quarter. Greenleaf Trust now owns 1,112 shares of the industrial products company’s stock worth $446,000 after acquiring an additional 26 shares in the last quarter. Penserra Capital Management LLC raised its position in W.W. Grainger by 39.7% in the fourth quarter. Penserra Capital Management LLC now owns 95 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 27 shares in the last quarter. Harfst & Associates Inc. raised its position in W.W. Grainger by 3.0% in the fourth quarter. Harfst & Associates Inc. now owns 985 shares of the industrial products company’s stock worth $402,000 after acquiring an additional 29 shares in the last quarter. Bremer Bank National Association raised its position in W.W. Grainger by 0.5% in the fourth quarter. Bremer Bank National Association now owns 5,882 shares of the industrial products company’s stock worth $2,402,000 after acquiring an additional 30 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in W.W. Grainger by 4.1% in the first quarter. Private Advisor Group LLC now owns 753 shares of the industrial products company’s stock worth $302,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 70.63% of the company’s stock.

About W.W. Grainger

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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