W.W. Grainger, Inc. (NYSE:GWW) was upgraded by investment analysts at Credit Suisse Group to a “hold” rating in a note issued to investors on Wednesday. The firm currently has a $175.00 price objective on the industrial products company’s stock. Credit Suisse Group’s price objective indicates a potential upside of 5.45% from the stock’s current price.
Several other brokerages have also commented on GWW. BMO Capital Markets lowered W.W. Grainger from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $290.00 to $255.00 in a research report on Thursday, March 30th. Royal Bank Of Canada reissued a “sell” rating and set a $209.00 price objective on shares of W.W. Grainger in a research report on Tuesday, April 11th. Stephens set a $190.00 price target on W.W. Grainger and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Zacks Investment Research lowered W.W. Grainger from a “hold” rating to a “strong sell” rating in a research report on Friday, April 21st. Finally, William Blair lowered W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Monday, April 24th. Six equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $180.33.
W.W. Grainger (NYSE GWW) opened at 165.96 on Wednesday. The firm’s 50-day moving average is $175.27 and its 200 day moving average is $213.21. The firm has a market cap of $9.69 billion, a P/E ratio of 16.94 and a beta of 0.76. W.W. Grainger has a 12-month low of $160.29 and a 12-month high of $262.71.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.65 by $0.09. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.63 billion. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.89 earnings per share. Equities analysts forecast that W.W. Grainger will post $10.38 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in GWW. BlackRock Inc. increased its stake in W.W. Grainger by 1,509.4% in the first quarter. BlackRock Inc. now owns 3,417,297 shares of the industrial products company’s stock valued at $795,411,000 after buying an additional 3,204,962 shares during the last quarter. Wellington Management Group LLP acquired a new stake in W.W. Grainger during the first quarter valued at approximately $147,000,000. Renaissance Technologies LLC acquired a new stake in W.W. Grainger during the first quarter valued at approximately $69,991,000. Morgan Stanley increased its stake in W.W. Grainger by 167.5% in the first quarter. Morgan Stanley now owns 384,565 shares of the industrial products company’s stock valued at $89,511,000 after buying an additional 240,827 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in W.W. Grainger by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,438,209 shares of the industrial products company’s stock valued at $1,265,798,000 after buying an additional 192,967 shares during the last quarter. Institutional investors own 79.75% of the company’s stock.
About W.W. Grainger
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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