W.W. Grainger (NYSE:GWW) PT Raised to $1,100.00

W.W. Grainger (NYSE:GWW) had its target price increased by Loop Capital from $900.00 to $1,100.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have a hold rating on the industrial products company’s stock.

A number of other analysts have also weighed in on GWW. JPMorgan Chase & Co. upped their price objective on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Bank of America began coverage on shares of W.W. Grainger in a research note on Monday, October 7th. They set an “underperform” rating and a $925.00 price objective on the stock. Royal Bank of Canada reduced their price objective on shares of W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. Wolfe Research raised W.W. Grainger to a “hold” rating in a research report on Sunday, September 22nd. Finally, Morgan Stanley started coverage on W.W. Grainger in a report on Friday, September 6th. They issued an “equal weight” rating and a $990.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, W.W. Grainger currently has an average rating of “Hold” and a consensus price target of $1,043.20.

W.W. Grainger Trading Down 0.9 %

GWW stock opened at $1,082.21 on Monday. W.W. Grainger has a 12 month low of $674.41 and a 12 month high of $1,129.92. The firm’s 50-day moving average is $1,020.02 and its 200 day moving average is $966.93. The company has a market capitalization of $53.10 billion, a PE ratio of 29.88, a P/E/G ratio of 2.88 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.30 and a quick ratio of 1.40.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share for the quarter, beating the consensus estimate of $9.58 by $0.18. The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.35 billion. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.28 earnings per share. On average, research analysts anticipate that W.W. Grainger will post 38.65 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Monday, August 12th were paid a dividend of $2.05 per share. The ex-dividend date was Monday, August 12th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.76%. W.W. Grainger’s payout ratio is 22.64%.

Insider Activity at W.W. Grainger

In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,992 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the sale, the chief executive officer now owns 98,567 shares of the company’s stock, valued at approximately $102,281,004.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Donald G. Macpherson sold 27,502 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the completion of the transaction, the chief executive officer now directly owns 111,559 shares in the company, valued at $111,650,478.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Donald G. Macpherson sold 12,992 shares of W.W. Grainger stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the sale, the chief executive officer now directly owns 98,567 shares of the company’s stock, valued at $102,281,004.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On W.W. Grainger

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its holdings in shares of W.W. Grainger by 45.6% during the fourth quarter. Wellington Management Group LLP now owns 9,443 shares of the industrial products company’s stock worth $7,825,000 after purchasing an additional 2,958 shares during the last quarter. Austin Private Wealth LLC acquired a new position in shares of W.W. Grainger in the 1st quarter valued at about $203,000. Gateway Investment Advisers LLC lifted its holdings in shares of W.W. Grainger by 31.9% in the 1st quarter. Gateway Investment Advisers LLC now owns 1,275 shares of the industrial products company’s stock valued at $1,297,000 after buying an additional 308 shares during the period. Riverview Trust Co purchased a new stake in shares of W.W. Grainger in the first quarter worth about $61,000. Finally, Dynamic Advisor Solutions LLC grew its holdings in W.W. Grainger by 192.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 1,918 shares of the industrial products company’s stock worth $1,951,000 after acquiring an additional 1,263 shares during the period. 80.70% of the stock is owned by hedge funds and other institutional investors.

W.W. Grainger Company Profile

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.