W.W. Grainger (NYSE:GWW) PT Raised to $1,000.00 at Stephens

W.W. Grainger (NYSE:GWWGet Free Report) had its target price boosted by research analysts at Stephens from $775.00 to $1,000.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Stephens’ price objective suggests a potential upside of 5.82% from the stock’s previous close.

A number of other equities analysts have also commented on the company. Royal Bank of Canada lifted their price objective on W.W. Grainger from $809.00 to $907.00 and gave the stock a “sector perform” rating in a research note on Monday. StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Monday. Jefferies Financial Group lowered W.W. Grainger from a “buy” rating to a “hold” rating and set a $825.00 price objective on the stock. in a research note on Wednesday, December 20th. Finally, Oppenheimer lifted their price objective on W.W. Grainger from $800.00 to $930.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $842.22.

View Our Latest Research Report on GWW

W.W. Grainger Stock Performance

Shares of GWW stock opened at $945.00 on Tuesday. The business’s 50-day moving average price is $846.16 and its 200-day moving average price is $768.49. W.W. Grainger has a 12 month low of $625.97 and a 12 month high of $978.95. The firm has a market capitalization of $46.90 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 1.86 and a beta of 1.13. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.66.

W.W. Grainger (NYSE:GWWGet Free Report) last announced 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 return on equity of 56.54% and a net margin of 11.10%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same period last year, the firm posted $7.14 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts forecast that W.W. Grainger will post 39.03 EPS for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On W.W. Grainger

Institutional investors have recently modified their holdings of the company. Sigma Planning Corp lifted its holdings in W.W. Grainger by 23.4% in the 3rd quarter. Sigma Planning Corp now owns 633 shares of the industrial products company’s stock worth $438,000 after buying an additional 120 shares during the period. US Bancorp DE lifted its stake in shares of W.W. Grainger by 11.3% in the 3rd quarter. US Bancorp DE now owns 71,748 shares of the industrial products company’s stock valued at $49,638,000 after purchasing an additional 7,273 shares during the period. Natixis purchased a new position in shares of W.W. Grainger in the 2nd quarter valued at approximately $355,000. Verus Capital Partners LLC purchased a new position in shares of W.W. Grainger in the 2nd quarter valued at approximately $208,000. Finally, Van ECK Associates Corp lifted its stake in shares of W.W. Grainger by 6.0% in the 2nd quarter. Van ECK Associates Corp now owns 9,085 shares of the industrial products company’s stock valued at $7,164,000 after purchasing an additional 514 shares during the period. 71.24% of the stock is currently owned by 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.

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

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