W W Grainger Inc (NYSE:GWW) has earned an average rating of “Hold” from the seventeen research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $306.17.

A number of equities research analysts recently commented on GWW shares. Stephens lowered their price target on W W Grainger from $322.00 to $300.00 in a research report on Sunday, April 19th. Gordon Haskett downgraded W W Grainger from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $313.00 to $278.00 in a research note on Tuesday, April 7th. Wells Fargo & Co upped their price objective on W W Grainger from $250.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday. Longbow Research upgraded W W Grainger from a “neutral” rating to a “buy” rating and set a $380.00 price objective for the company in a research note on Tuesday, June 2nd. Finally, Deutsche Bank started coverage on W W Grainger in a research note on Wednesday. They issued a “hold” rating and a $344.00 price objective for the company.

In other news, VP Paige K. Robbins sold 3,840 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $312.66, for a total transaction of $1,200,614.40. Following the completion of the transaction, the vice president now owns 15,033 shares in the company, valued at approximately $4,700,217.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.97% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of GWW. EPG Wealth Management LLC boosted its stake in W W Grainger by 68.3% in the 1st quarter. EPG Wealth Management LLC now owns 101 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 41 shares during the period. Americana Partners LLC bought a new position in W W Grainger in the 4th quarter worth about $27,000. Engrave Wealth Partners LLC bought a new position in W W Grainger in the 4th quarter worth about $30,000. Harbor Investment Advisory LLC boosted its stake in W W Grainger by 293.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 126 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 94 shares during the period. Finally, BDO Wealth Advisors LLC boosted its stake in W W Grainger by 857.1% in the 1st quarter. BDO Wealth Advisors LLC now owns 134 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 120 shares during the period. Institutional investors own 70.46% of the company’s stock.

NYSE GWW traded up $9.55 on Tuesday, reaching $317.51. The company had a trading volume of 311,808 shares, compared to its average volume of 347,299. The stock has a market capitalization of $16.98 billion, a P/E ratio of 22.70, a P/E/G ratio of 2.23 and a beta of 0.99. The company’s fifty day moving average is $304.27 and its 200 day moving average is $296.90. W W Grainger has a 52-week low of $200.61 and a 52-week high of $346.60. The company has a quick ratio of 2.20, a current ratio of 3.28 and a debt-to-equity ratio of 1.63.

W W Grainger (NYSE:GWW) last released its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $4.24 EPS for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.18). The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.87 billion. W W Grainger had a net margin of 6.56% and a return on equity of 45.00%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.51 earnings per share. On average, research analysts expect that W W Grainger will post 14.82 EPS for the current year.

W W Grainger Company Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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Analyst Recommendations for W W Grainger (NYSE:GWW)

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