W.W. Grainger (NYSE:GWW – Get Rating) had its target price increased by UBS Group from $635.00 to $695.00 in a research report sent to investors on Tuesday, The Fly reports. They currently have a buy rating on the industrial products company's stock.
A number of other analysts also recently commented on GWW. Oppenheimer boosted their price objective on W.W. Grainger to $660.00 in a research note on Tuesday, November 1st. Morgan Stanley boosted their price objective on W.W. Grainger from $448.00 to $485.00 and gave the stock an underweight rating in a research note on Monday, October 31st. Stephens boosted their price objective on W.W. Grainger from $565.00 to $600.00 and gave the stock an equal weight rating in a research note on Monday, August 1st. StockNews.com initiated coverage on W.W. Grainger in a report on Wednesday, October 12th. They issued a buy rating on the stock. Finally, Wolfe Research cut W.W. Grainger from an outperform rating to a peer perform rating in a report on Monday, November 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, W.W. Grainger has a consensus rating of Hold and an average price target of $590.29.
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W.W. Grainger Stock Down 0.6 %
GWW opened at $590.99 on Tuesday. W.W. Grainger has a one year low of $440.48 and a one year high of $612.06. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.46 and a current ratio of 2.63. The stock's fifty day moving average is $548.90 and its 200-day moving average is $522.91. The company has a market capitalization of $29.86 billion, a PE ratio of 21.13, a P/E/G ratio of 1.58 and a beta of 1.25.
W.W. Grainger Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be issued a dividend of $1.72 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $6.88 dividend on an annualized basis and a dividend yield of 1.16%. W.W. Grainger's dividend payout ratio is 24.60%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Pinnacle Wealth Planning Services Inc. grew its stake in W.W. Grainger by 2.2% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 792 shares of the industrial products company's stock valued at $387,000 after purchasing an additional 17 shares in the last quarter. Lumature Wealth Partners LLC grew its stake in W.W. Grainger by 3.5% in the third quarter. Lumature Wealth Partners LLC now owns 505 shares of the industrial products company's stock valued at $247,000 after purchasing an additional 17 shares in the last quarter. Clearstead Advisors LLC grew its stake in W.W. Grainger by 2.1% in the second quarter. Clearstead Advisors LLC now owns 865 shares of the industrial products company's stock valued at $393,000 after purchasing an additional 18 shares in the last quarter. Quent Capital LLC grew its stake in W.W. Grainger by 7.2% in the second quarter. Quent Capital LLC now owns 282 shares of the industrial products company's stock valued at $128,000 after purchasing an additional 19 shares in the last quarter. Finally, Gulf International Bank UK Ltd grew its stake in W.W. Grainger by 0.3% in the third quarter. Gulf International Bank UK Ltd now owns 7,940 shares of the industrial products company's stock valued at $3,884,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 71.33% of the company's stock.
About W.W. Grainger
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W.W. Grainger, Inc operates as a supplier of maintenance, repair and operating products (MRO), with operations also in Europe, Asia and Latin America. It operates through two segments: United States and Canada. The United States segment offers a selection of MRO products and services through its eCommerce platforms, catalogs, branches and sales and service representatives.
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