Credit Suisse Group reaffirmed their underperform rating on shares of W W Grainger (NYSE:GWW) in a report published on Tuesday, The Fly reports. They currently have a $190.00 price target on the industrial products company’s stock, up from their previous price target of $172.00. The analysts noted that the move was a valuation call.
A number of other research firms have also recently commented on GWW. Zacks Investment Research cut W W Grainger from a hold rating to a sell rating in a report on Tuesday, September 19th. Atlantic Securities raised W W Grainger from an underweight rating to a neutral rating in a report on Thursday, October 19th. Royal Bank of Canada boosted their price target on W W Grainger from $146.00 to $148.00 and gave the stock an underperform rating in a report on Tuesday, November 7th. Oppenheimer reissued a buy rating and set a $245.00 price target on shares of W W Grainger in a report on Monday, November 13th. Finally, BMO Capital Markets reissued a market perform rating and set a $178.00 price target (up previously from $165.00) on shares of W W Grainger in a report on Monday, October 9th. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. W W Grainger currently has an average rating of Hold and an average price target of $195.77.
W W Grainger (GWW) traded down $5.54 during trading on Tuesday, hitting $231.75. The stock had a trading volume of 835,800 shares, compared to its average volume of 830,614. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.28 and a quick ratio of 1.28. W W Grainger has a 12 month low of $155.00 and a 12 month high of $262.71. The firm has a market cap of $13,520.00, a PE ratio of 27.49, a P/E/G ratio of 2.22 and a beta of 0.82.
In related news, VP Eric R. Tapia sold 190 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $208.26, for a total transaction of $39,569.40. Following the sale, the vice president now owns 3,748 shares in the company, valued at approximately $780,558.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John L. Howard sold 21,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $220.56, for a total value of $4,631,760.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,536 shares of company stock worth $4,741,329 in the last 90 days. 9.60% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in W W Grainger by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,549,453 shares of the industrial products company’s stock worth $1,001,844,000 after acquiring an additional 111,244 shares during the last quarter. Longview Partners Guernsey LTD grew its position in W W Grainger by 33.2% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,001,477 shares of the industrial products company’s stock worth $899,015,000 after acquiring an additional 1,245,771 shares during the last quarter. BlackRock Inc. grew its position in shares of W W Grainger by 1.7% in the 2nd quarter. BlackRock Inc. now owns 3,476,970 shares of the industrial products company’s stock valued at $627,699,000 after buying an additional 59,673 shares during the last quarter. State Street Corp grew its position in shares of W W Grainger by 5.4% in the 2nd quarter. State Street Corp now owns 3,251,383 shares of the industrial products company’s stock valued at $586,971,000 after buying an additional 165,293 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of W W Grainger by 13.0% in the 3rd quarter. Mackenzie Financial Corp now owns 2,103,608 shares of the industrial products company’s stock valued at $378,124,000 after buying an additional 242,827 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.
W W Grainger Company Profile
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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