W.W. Grainger (NYSE:GWW) PT Raised to $1,100.00 at Loop Capital

by · The Markets Daily

W.W. Grainger (NYSE:GWW – Get Free Report) had its price objective upped by analysts at Loop Capital from $900.00 to $1,100.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the industrial products company’s stock. Loop Capital’s price objective points to a potential downside of 2.44% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Morgan Stanley began coverage on shares of W.W. Grainger in a report on Friday, September 6th. They set an “equal weight” rating and a $990.00 target price on the stock. Bank of America began coverage on shares of W.W. Grainger in a report on Monday, October 7th. They set an “underperform” rating and a $925.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Royal Bank of Canada lowered their target price on shares of W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. Finally, Baird R W raised shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $1,043.20.

Get Our Latest Stock Report on GWW

W.W. Grainger Stock Performance

W.W. Grainger stock traded up $0.54 during trading on Monday, hitting $1,127.54. The stock had a trading volume of 7,313 shares, compared to its average volume of 234,470. W.W. Grainger has a 1 year low of $674.41 and a 1 year high of $1,129.92. The company has a quick ratio of 1.40, a current ratio of 2.30 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average is $1,008.79 and its two-hundred day moving average is $964.03. The stock has a market cap of $55.33 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 2.88 and a beta of 1.16.

W.W. Grainger (NYSE:GWW – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, beating the consensus estimate of $9.58 by $0.18. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the business earned $9.28 earnings per share. W.W. Grainger’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, analysts predict that W.W. Grainger will post 38.65 EPS for the current year.

Insider Transactions at W.W. Grainger

In related news, CEO Donald G. Macpherson sold 12,992 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the transaction, the chief executive officer now owns 98,567 shares of the company’s stock, valued at $102,281,004.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,000.82, for a total transaction of $27,524,551.64. Following the completion of the sale, the chief executive officer now directly owns 111,559 shares in the company, valued at $111,650,478.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Donald G. Macpherson sold 12,992 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the sale, the chief executive officer now owns 98,567 shares of the company’s stock, valued at approximately $102,281,004.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.

Institutional Trading of W.W. Grainger

Institutional investors have recently added to or reduced their stakes in the business. HWG Holdings LP purchased a new stake in W.W. Grainger during the second quarter valued at about $26,000. Valued Wealth Advisors LLC boosted its holdings in shares of W.W. Grainger by 170.0% during the first quarter. Valued Wealth Advisors LLC now owns 27 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 17 shares during the period. Washington Trust Advisors Inc. boosted its holdings in shares of W.W. Grainger by 225.0% during the first quarter. Washington Trust Advisors Inc. now owns 39 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 27 shares during the period. Headlands Technologies LLC purchased a new stake in shares of W.W. Grainger during the first quarter worth about $41,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of W.W. Grainger during the second quarter worth about $42,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

W.W. Grainger Company Profile

(Get Free Report)

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.

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