W.W. Grainger (NYSE:GWW) Price Target Increased to $422.00 by Analysts at Royal Bank of Canada

W.W. Grainger (NYSE:GWWGet Rating) had its price objective hoisted by Royal Bank of Canada from $399.00 to $422.00 in a report issued on Monday, The Fly reports.

Several other brokerages have also commented on GWW. Robert W. Baird raised their price objective on W.W. Grainger from $505.00 to $600.00 and gave the company an outperform rating in a research report on Monday. Stephens raised their price objective on W.W. Grainger from $565.00 to $600.00 and gave the company an equal weight rating in a research report on Monday. StockNews.com lowered W.W. Grainger from a strong-buy rating to a buy rating in a research report on Thursday, June 16th. Wolfe Research raised W.W. Grainger from a peer perform rating to an outperform rating in a research report on Wednesday, April 6th. Finally, Morgan Stanley lifted their price target on W.W. Grainger from $421.00 to $448.00 and gave the stock an underweight rating in a research report on Monday. Three analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, W.W. Grainger currently has a consensus rating of Hold and a consensus price target of $519.38.

W.W. Grainger Stock Performance

NYSE:GWW opened at $549.60 on Monday. The stock has a market cap of $28.09 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 1.49 and a beta of 1.23. The firm’s fifty day simple moving average is $475.06 and its 200 day simple moving average is $485.60. W.W. Grainger has a twelve month low of $391.16 and a twelve month high of $553.53. The company has a quick ratio of 1.44, a current ratio of 2.58 and a debt-to-equity ratio of 0.94.

W.W. Grainger (NYSE:GWWGet Rating) last released its quarterly earnings results on Friday, July 29th. The industrial products company reported $7.19 earnings per share for the quarter, beating the consensus estimate of $6.65 by $0.54. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.69 billion. W.W. Grainger had a net margin of 9.23% and a return on equity of 57.59%. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.27 earnings per share. As a group, research analysts predict that W.W. Grainger will post 28 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 8th will be issued a $1.72 dividend. The ex-dividend date is Friday, August 5th. This represents a $6.88 annualized dividend and a yield of 1.25%. W.W. Grainger’s payout ratio is 27.14%.

Insider Buying and Selling

In related news, VP Paige K. Robbins sold 2,330 shares of W.W. Grainger stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $500.03, for a total value of $1,165,069.90. Following the completion of the sale, the vice president now directly owns 11,996 shares in the company, valued at approximately $5,998,359.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Laurie R. Thomson sold 276 shares of W.W. Grainger stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $492.05, for a total value of $135,805.80. Following the completion of the sale, the vice president now directly owns 1,928 shares in the company, valued at approximately $948,672.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Paige K. Robbins sold 2,330 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $500.03, for a total value of $1,165,069.90. Following the sale, the vice president now owns 11,996 shares of the company’s stock, valued at $5,998,359.88. The disclosure for this sale can be found here. 10.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On W.W. Grainger

Large investors have recently made changes to their positions in the company. State of New Jersey Common Pension Fund D grew its stake in shares of W.W. Grainger by 3.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 25,108 shares of the industrial products company’s stock valued at $13,012,000 after purchasing an additional 750 shares during the period. American National Bank grew its stake in shares of W.W. Grainger by 113.4% during the 1st quarter. American National Bank now owns 1,923 shares of the industrial products company’s stock valued at $992,000 after purchasing an additional 1,022 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of W.W. Grainger by 7.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 462 shares of the industrial products company’s stock valued at $238,000 after purchasing an additional 31 shares during the period. Arizona State Retirement System grew its stake in shares of W.W. Grainger by 1.1% during the 1st quarter. Arizona State Retirement System now owns 12,190 shares of the industrial products company’s stock valued at $6,287,000 after purchasing an additional 138 shares during the period. Finally, Vestmark Advisory Solutions Inc. grew its stake in shares of W.W. Grainger by 24.1% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 4,206 shares of the industrial products company’s stock valued at $2,170,000 after purchasing an additional 816 shares during the period. 79.47% of the stock is currently owned by institutional investors.

W.W. Grainger Company Profile

(Get Rating)

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. It offers safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.

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