A number of other research firms also recently issued reports on GWW. BMO Capital Markets reiterated a buy rating on shares of W.W. Grainger in a research report on Thursday, January 26th. Deutsche Bank AG upgraded shares of W.W. Grainger from a sell rating to a hold rating and raised their price target for the company from $194.00 to $246.00 in a report on Thursday, January 26th. William Blair downgraded shares of W.W. Grainger from an outperform rating to a market perform rating in a report on Monday, April 24th. Wells Fargo & Company restated a market perform rating on shares of W.W. Grainger in a report on Saturday, January 28th. Finally, Zacks Investment Research downgraded shares of W.W. Grainger from a hold rating to a strong sell rating in a report on Friday, April 21st. Six analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $189.60.
Shares of W.W. Grainger (NYSE:GWW) opened at 180.32 on Thursday. The firm has a market capitalization of $10.53 billion, a P/E ratio of 18.41 and a beta of 0.74. W.W. Grainger has a 12-month low of $168.58 and a 12-month high of $262.71. The stock’s 50 day moving average price is $179.61 and its 200-day moving average price is $223.27.
W.W. Grainger (NYSE:GWW) last released its earnings results on Tuesday, April 18th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.99 by $0.11. W.W. Grainger had a return on equity of 33.24% and a net margin of 5.84%. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the company earned $3.18 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts expect that W.W. Grainger will post $10.38 EPS for the current year.
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The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 8th were issued a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 2.84%. The ex-dividend date was Thursday, May 4th. This is an increase from W.W. Grainger’s previous quarterly dividend of $1.22. W.W. Grainger’s dividend payout ratio (DPR) is 52.35%.
A number of hedge funds and other institutional investors have recently made changes to their positions in GWW. Harfst & Associates Inc. purchased a new position in shares of W.W. Grainger during the first quarter valued at approximately $116,000. Northwest Quadrant Wealth Management LLC purchased a new position in shares of W.W. Grainger during the fourth quarter valued at approximately $127,000. Ibex Wealth Advisors purchased a new position in shares of W.W. Grainger during the fourth quarter valued at approximately $134,000. Salem Investment Counselors Inc. purchased a new position in shares of W.W. Grainger during the first quarter valued at approximately $138,000. Finally, NEXT Financial Group Inc increased its position in shares of W.W. Grainger by 35.0% in the first quarter. NEXT Financial Group Inc now owns 783 shares of the industrial products company’s stock valued at $151,000 after buying an additional 203 shares during the period. Hedge funds and other institutional investors own 80.59% of the company’s stock.
About W.W. Grainger
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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