W.W. Grainger (NYSE:GWW) Price Target Increased to $600.00 by Analysts at Stephens

W.W. Grainger (NYSE:GWWGet Rating) had its target price increased by Stephens from $565.00 to $600.00 in a research note released on Monday morning, Stock Target Advisor reports. They currently have an equal weight rating on the industrial products company’s stock.

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

W.W. Grainger Trading Up 1.1 %

Shares of GWW stock opened at $549.60 on Monday. The company has a quick ratio of 1.44, a current ratio of 2.58 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $473.41 and a two-hundred day moving average price of $485.28. W.W. Grainger has a 12-month low of $391.16 and a 12-month high of $553.53. The firm has a market cap of $28.09 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.23.

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

W.W. Grainger Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 8th will be issued a dividend of $1.72 per share. The ex-dividend date of this dividend is Friday, August 5th. This represents a $6.88 dividend on an annualized basis and a dividend yield of 1.25%. W.W. Grainger’s dividend payout ratio (DPR) is 27.14%.

Insiders Place Their Bets

In other W.W. Grainger news, VP Paige K. Robbins sold 2,330 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $500.03, for a total transaction of $1,165,069.90. Following the transaction, the vice president now owns 11,996 shares in the company, valued at approximately $5,998,359.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other W.W. Grainger news, VP Paige K. Robbins sold 2,330 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $500.03, for a total transaction of $1,165,069.90. Following the transaction, the vice president now owns 11,996 shares in the company, valued at approximately $5,998,359.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Laurie R. Thomson sold 276 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $492.05, for a total value of $135,805.80. Following the transaction, the vice president now owns 1,928 shares in the company, valued at approximately $948,672.40. The disclosure for this sale can be found here. Company insiders own 10.00% of the company’s stock.

Institutional Trading of W.W. Grainger

A number of hedge funds have recently made changes to their positions in GWW. Allspring Global Investments Holdings LLC bought a new stake in shares of W.W. Grainger in the 4th quarter worth approximately $9,584,000. Commonwealth Equity Services LLC boosted its position in shares of W.W. Grainger by 3.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,959 shares of the industrial products company’s stock worth $3,606,000 after purchasing an additional 212 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of W.W. Grainger by 3.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 25,108 shares of the industrial products company’s stock worth $13,012,000 after purchasing an additional 750 shares in the last quarter. D.A. Davidson & CO. lifted its position in W.W. Grainger by 1.3% in the 4th quarter. D.A. Davidson & CO. now owns 3,146 shares of the industrial products company’s stock valued at $1,630,000 after acquiring an additional 40 shares in the last quarter. Finally, CWM LLC bought a new position in W.W. Grainger in the 4th quarter valued at approximately $80,000. 79.47% of the stock is owned by institutional investors.

About W.W. Grainger

(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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