W.W. Grainger (NYSE:GWW) Rating Lowered to Hold at StockNews.com

W.W. Grainger (NYSE:GWWGet Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

GWW has been the subject of a number of other reports. Royal Bank of Canada upped their price target on shares of W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a report on Monday. Jefferies Financial Group lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating and set a $825.00 price target for the company. in a report on Wednesday, December 20th. Finally, Oppenheimer upped their price target on shares of W.W. Grainger from $800.00 to $930.00 and gave the company an “outperform” rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, W.W. Grainger presently has an average rating of “Hold” and an average price target of $842.22.

Read Our Latest Report on W.W. Grainger

W.W. Grainger Trading Down 0.5 %

Shares of GWW opened at $940.60 on Monday. The firm has a market cap of $46.69 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 1.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.64 and a current ratio of 2.88. W.W. Grainger has a fifty-two week low of $625.97 and a fifty-two week high of $978.95. The firm has a 50 day moving average price of $842.78 and a 200-day moving average price of $767.25.

W.W. Grainger (NYSE:GWWGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, beating analysts’ consensus estimates of $8.05 by $0.28. W.W. Grainger had a net margin of 11.10% and a return on equity of 56.54%. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same period in the prior year, the business posted $7.14 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that W.W. Grainger will post 38.72 earnings per share for the current year.

Insiders Place Their Bets

In other W.W. Grainger news, VP Laurie R. Thomson sold 250 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $801.50, for a total value of $200,375.00. Following the completion of the sale, the vice president now directly owns 911 shares in the company, valued at $730,166.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Donald G. Macpherson sold 2,478 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $788.68, for a total transaction of $1,954,349.04. Following the completion of the transaction, the chief executive officer now directly owns 90,145 shares in the company, valued at $71,095,558.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Laurie R. Thomson sold 250 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $801.50, for a total transaction of $200,375.00. Following the completion of the transaction, the vice president now owns 911 shares of the company’s stock, valued at $730,166.50. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On W.W. Grainger

Hedge funds have recently added to or reduced their stakes in the company. Horizon Bancorp Inc. IN raised its holdings in W.W. Grainger by 400.0% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 35 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 28 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in W.W. Grainger in the 4th quarter worth approximately $30,000. OFI Invest Asset Management purchased a new position in W.W. Grainger in the 3rd quarter worth approximately $25,000. Coppell Advisory Solutions LLC purchased a new position in W.W. Grainger in the 2nd quarter worth approximately $34,000. Finally, Clear Street Markets LLC purchased a new position in W.W. Grainger in the 4th quarter worth approximately $26,000. 71.24% of the stock is currently owned by hedge funds and other institutional investors.

About W.W. Grainger

(Get Free Report)

W.W. Grainger, Inc distributes maintenance, repair, and operating 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. The company provides safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.

Further Reading

Analyst Recommendations for W.W. Grainger (NYSE:GWW)

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