W.W. Grainger Inc. (NYSE:GWW)‘s stock had its “outperform” rating restated by stock analysts at William Blair in a research note issued on Monday.
Other analysts also recently issued research reports about the stock. BMO Capital Markets reaffirmed a “buy” rating on shares of W.W. Grainger in a report on Wednesday, October 19th. Barclays PLC boosted their price objective on shares of W.W. Grainger from $209.00 to $213.00 and gave the company an “equal weight” rating in a report on Monday, July 18th. Stifel Nicolaus cut their price objective on shares of W.W. Grainger from $235.00 to $216.00 and set a “hold” rating for the company in a report on Wednesday, October 19th. Credit Suisse Group AG set a $205.00 price objective on shares of W.W. Grainger and gave the company a “hold” rating in a report on Wednesday, October 19th. Finally, Zacks Investment Research raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a report on Tuesday, September 20th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $226.33.
Shares of W.W. Grainger (NYSE:GWW) traded up 0.51% during mid-day trading on Monday, hitting $225.77. 128,285 shares of the company were exchanged. The company’s 50-day moving average price is $214.40 and its 200-day moving average price is $222.16. W.W. Grainger has a 12-month low of $176.85 and a 12-month high of $239.95. The firm has a market capitalization of $13.45 billion, a P/E ratio of 20.32 and a beta of 0.74.
W.W. Grainger (NYSE:GWW) last announced its earnings results on Tuesday, October 18th. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $2.99 by $0.07. The business earned $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. W.W. Grainger had a net margin of 6.81% and a return on equity of 31.67%. W.W. Grainger’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.03 EPS. Equities research analysts predict that W.W. Grainger will post $11.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Wednesday, November 9th. W.W. Grainger’s dividend payout ratio (DPR) is currently 43.88%.
A number of institutional investors have recently made changes to their positions in the stock. British Columbia Investment Management Corp boosted its position in shares of W.W. Grainger by 4.4% in the second quarter. British Columbia Investment Management Corp now owns 28,351 shares of the company’s stock valued at $6,443,000 after buying an additional 1,182 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in shares of W.W. Grainger during the first quarter valued at about $257,000. Euclid Advisors LLC acquired a new position in shares of W.W. Grainger during the first quarter valued at about $10,234,000. Squarepoint Ops LLC acquired a new position in shares of W.W. Grainger during the first quarter valued at about $717,000. Finally, Arizona State Retirement System boosted its position in shares of W.W. Grainger by 0.7% in the first quarter. Arizona State Retirement System now owns 15,350 shares of the company’s stock valued at $3,583,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 81.59% of the company’s stock.
W.W. Grainger Company Profile