W W Grainger Inc (NYSE:GWW) has been given a consensus recommendation of “Hold” by the eighteen analysts that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $301.53.
GWW has been the subject of several research analyst reports. Stephens upped their price target on shares of W W Grainger from $292.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. BMO Capital Markets reduced their price target on shares of W W Grainger from $320.00 to $310.00 and set a “market perform” rating for the company in a research report on Tuesday, April 23rd. William Blair restated a “market perform” rating on shares of W W Grainger in a research report on Monday, April 22nd. ValuEngine upgraded shares of W W Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Gordon Haskett upgraded shares of W W Grainger from an “underperform” rating to a “hold” rating and set a $264.58 price target for the company in a research report on Friday, May 17th.
Shares of GWW traded up $1.16 during mid-day trading on Friday, hitting $265.51. 17,030 shares of the company were exchanged, compared to its average volume of 570,763. W W Grainger has a 1-year low of $255.09 and a 1-year high of $372.06. The company has a current ratio of 2.38, a quick ratio of 1.32 and a debt-to-equity ratio of 0.98. The firm’s 50 day simple moving average is $274.02. The stock has a market cap of $14.43 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92.
W W Grainger announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, April 24th that allows the company to buyback 5,000,000 shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Monday, August 12th will be paid a dividend of $1.44 per share. The ex-dividend date is Friday, August 9th. This represents a $5.76 annualized dividend and a yield of 2.17%. W W Grainger’s dividend payout ratio is presently 34.49%.
In other news, VP Eric R. Tapia sold 180 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $272.58, for a total value of $49,064.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.50% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of GWW. Ronna Sue Cohen lifted its holdings in W W Grainger by 27,609.9% during the 1st quarter. Ronna Sue Cohen now owns 2,981,867 shares of the industrial products company’s stock worth $2,982,000 after buying an additional 2,971,106 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in W W Grainger by 25,367.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,215,578 shares of the industrial products company’s stock worth $326,055,000 after buying an additional 1,210,805 shares in the last quarter. Longview Partners Guernsey LTD lifted its holdings in W W Grainger by 20.7% during the 2nd quarter. Longview Partners Guernsey LTD now owns 4,113,145 shares of the industrial products company’s stock worth $1,103,269,000 after buying an additional 704,783 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in W W Grainger by 25.2% during the 2nd quarter. Mackenzie Financial Corp now owns 902,724 shares of the industrial products company’s stock worth $242,138,000 after buying an additional 181,743 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in W W Grainger by 4.3% during the 1st quarter. Clearbridge Investments LLC now owns 2,229,414 shares of the industrial products company’s stock worth $670,897,000 after buying an additional 92,579 shares in the last quarter. 74.28% of the stock is owned by hedge funds and other institutional investors.
W W Grainger Company Profile
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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