W.W. Grainger, Inc. (NYSE:GWW – Get Rating) has earned an average recommendation of "Hold" from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $590.29.
A number of equities analysts have issued reports on GWW shares. Morgan Stanley lifted their target price on shares of W.W. Grainger from $448.00 to $485.00 and gave the stock an "underweight" rating in a research report on Monday, October 31st. StockNews.com started coverage on shares of W.W. Grainger in a research report on Wednesday, October 12th. They set a "buy" rating for the company. Atlantic Securities cut shares of W.W. Grainger from an "overweight" rating to a "neutral" rating and set a $630.00 target price for the company. in a research report on Tuesday, November 15th. UBS Group lifted their price target on shares of W.W. Grainger from $635.00 to $695.00 and gave the stock a "buy" rating in a report on Tuesday, November 29th. Finally, Oppenheimer lifted their price target on shares of W.W. Grainger to $660.00 in a report on Tuesday, November 1st.Get W.W. Grainger alerts:
W.W. Grainger Stock Down 0.2 %
Shares of NYSE GWW opened at $602.08 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 2.63 and a debt-to-equity ratio of 0.90. W.W. Grainger has a 52 week low of $440.48 and a 52 week high of $612.06. The firm has a 50-day moving average price of $554.75 and a 200 day moving average price of $525.21. The stock has a market capitalization of $30.42 billion, a price-to- earnings ratio of 21.53, a price-to-earnings-growth ratio of 1.58 and a beta of 1.22.W.W. Grainger (NYSE:GWW – Get Rating) last announced its earnings results on Friday, October 28th. The industrial products company reported $8.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.19 by $1.08. The company had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.88 billion. W.W. Grainger had a net margin of 9.75% and a return on equity of 60.31%. Equities research analysts anticipate that W.W. Grainger will post 29.42 EPS for the current fiscal year.
W.W. Grainger Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Monday, November 14th were issued a $1.72 dividend. The ex-dividend date of this dividend was Thursday, November 10th. This represents a $6.88 dividend on an annualized basis and a yield of 1.14%. W.W. Grainger's payout ratio is 24.60%.
Institutional Investors Weigh In On W.W. Grainger
A number of institutional investors have recently bought and sold shares of the stock. Pinnacle Wealth Planning Services Inc. grew its holdings 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 during the period. Lumature Wealth Partners LLC grew its holdings 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 during the period. Clearstead Advisors LLC lifted its position 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 worth $393,000 after purchasing an additional 18 shares during the period. Quent Capital LLC increased its stake in shares of 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 buying an additional 19 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its position 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 worth $3,884,000 after purchasing an additional 20 shares during the period. 71.33% of the stock is currently owned by hedge funds and other institutional investors.
About W.W. Grainger
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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