Investment analysts at UBS Group assumed coverage on shares of W W Grainger (NYSE:GWW) in a report released on Tuesday, Marketbeat reports. The brokerage set a “buy” rating and a $416.00 price target on the industrial products company’s stock. UBS Group’s target price would suggest a potential upside of 16.62% from the company’s current price.
A number of other equities research analysts have also recently weighed in on GWW. Longbow Research raised W W Grainger from a “neutral” rating to a “buy” rating and set a $380.00 price target on the stock in a report on Tuesday, June 2nd. Wells Fargo & Company lifted their price target on W W Grainger from $250.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, July 2nd. Royal Bank of Canada reaffirmed a “sell” rating and set a $241.00 price target on shares of W W Grainger in a report on Monday, July 20th. Gordon Haskett upgraded shares of W W Grainger from an “underperform” rating to a “hold” rating and set a $295.00 price objective on the stock in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of W W Grainger from $270.00 to $291.00 and gave the company a “neutral” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $340.21.
GWW opened at $356.71 on Tuesday. The business’s 50 day moving average is $353.04 and its 200-day moving average is $304.33. The stock has a market cap of $19.11 billion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 1.53. W W Grainger has a twelve month low of $200.61 and a twelve month high of $371.86.
W W Grainger (NYSE:GWW) last released its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $3.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.39 by $0.36. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.77 billion. W W Grainger had a return on equity of 42.19% and a net margin of 5.34%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.64 earnings per share. As a group, analysts forecast that W W Grainger will post 15.83 EPS for the current year.
In other W W Grainger news, VP Paige K. Robbins sold 2,790 shares of W W Grainger stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $367.68, for a total value of $1,025,827.20. Also, VP John L. Howard sold 2,679 shares of W W Grainger stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $342.98, for a total transaction of $918,843.42. Following the completion of the transaction, the vice president now owns 42,246 shares in the company, valued at approximately $14,489,533.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,469 shares of company stock worth $25,326,331. 13.97% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of GWW. Harbor Investment Advisory LLC grew its position in W W Grainger by 293.8% in the first quarter. Harbor Investment Advisory LLC now owns 126 shares of the industrial products company’s stock worth $31,000 after buying an additional 94 shares during the last quarter. BDO Wealth Advisors LLC boosted its stake in W W Grainger by 857.1% in the 1st quarter. BDO Wealth Advisors LLC now owns 134 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 120 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in W W Grainger in the 2nd quarter worth approximately $38,000. Pathstone Family Office LLC boosted its stake in W W Grainger by 17.3% in the 1st quarter. Pathstone Family Office LLC now owns 230 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 34 shares during the period. Finally, Toroso Investments LLC acquired a new position in W W Grainger in the 2nd quarter worth approximately $68,000. Hedge funds and other institutional investors own 72.27% 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, Europe, Japan, Mexico, 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, as well as gloves, ladders, motors, and janitorial supplies.
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