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

W.W. Grainger (NYSE:GWW) had its target price raised by investment analysts at Loop Capital from $900.00 to $1,100.00 in a report released on Monday, Benzinga reports. The firm currently has a “hold” rating on the industrial products company’s stock. Loop Capital’s price objective points to a potential upside of 0.10% from the stock’s previous close.

Several other brokerages also recently weighed in on GWW. Baird R W raised W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Morgan Stanley started coverage on W.W. Grainger in a research note on Friday, September 6th. They set an “equal weight” rating and a $990.00 target price on the stock. Wolfe Research raised W.W. Grainger to a “hold” rating in a research note on Sunday, September 22nd. Robert W. Baird raised W.W. Grainger from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $975.00 to $1,230.00 in a research note on Wednesday, October 16th. Finally, Bank of America started coverage on W.W. Grainger in a research note on Monday, October 7th. They set an “underperform” rating and a $925.00 target price on the stock. 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. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $1,043.20.

W.W. Grainger Trading Down 1.9 %

Shares of NYSE GWW opened at $1,098.93 on Monday. The company has a market cap of $53.92 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 2.88 and a beta of 1.16. W.W. Grainger has a 12-month low of $674.41 and a 12-month high of $1,129.92. The company has a current ratio of 2.30, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. The stock’s 50 day simple moving average is $1,012.00 and its 200 day simple moving average is $964.63.

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

Insider Buying and Selling

In related news, CEO Donald G. Macpherson sold 27,502 shares of W.W. Grainger stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the transaction, the chief executive officer now directly owns 111,559 shares in the company, valued at $111,650,478.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Donald G. Macpherson sold 27,502 shares of W.W. Grainger stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the transaction, the chief executive officer now directly owns 111,559 shares in the company, valued at $111,650,478.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Donald G. Macpherson sold 12,992 shares of W.W. Grainger 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 completion of the transaction, the chief executive officer now owns 98,567 shares in the company, valued at $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 Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. HWG Holdings LP purchased a new position in shares of W.W. Grainger during the second quarter valued at $26,000. Valued Wealth Advisors LLC grew 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 valued at $27,000 after buying an additional 17 shares in the last quarter. Washington Trust Advisors Inc. grew 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 valued at $39,000 after buying an additional 27 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of W.W. Grainger during the first quarter valued at $41,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of W.W. Grainger during the second quarter valued at $42,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

About W.W. Grainger

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.