Shares of W.W. Grainger, Inc. (NYSE:GWW) have received a consensus rating of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $380.00.
Several research firms have recently weighed in on GWW. Wells Fargo & Company lowered W.W. Grainger from an “equal weight” rating to an “underweight” rating and set a $350.00 price objective on the stock. in a research note on Monday, December 14th. Deutsche Bank Aktiengesellschaft upped their price objective on W.W. Grainger from $391.00 to $405.00 and gave the company a “hold” rating in a research note on Monday, February 1st. Morgan Stanley boosted their target price on W.W. Grainger from $405.00 to $433.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 16th. UBS Group reduced their target price on W.W. Grainger from $465.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday, February 4th. Finally, Oppenheimer boosted their target price on W.W. Grainger from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, March 10th.
Shares of W.W. Grainger stock traded down $0.83 during trading on Thursday, reaching $397.91. The company’s stock had a trading volume of 318,383 shares, compared to its average volume of 343,889. W.W. Grainger has a one year low of $256.19 and a one year high of $427.90. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.73 and a current ratio of 2.97. The firm has a market cap of $20.83 billion, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 2.13 and a beta of 1.15. The business’s fifty day moving average price is $392.21 and its 200-day moving average price is $388.26.
The business also recently declared a quarterly dividend, which was paid on Monday, March 1st. Stockholders of record on Monday, February 8th were paid a $1.53 dividend. This represents a $6.12 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Friday, February 5th. W.W. Grainger’s dividend payout ratio (DPR) is currently 35.40%.
In other news, VP John L. Howard sold 2,535 shares of the stock in a transaction on Monday, April 5th. The shares were sold at an average price of $407.21, for a total transaction of $1,032,277.35. Following the completion of the sale, the vice president now owns 40,893 shares of the company’s stock, valued at $16,652,038.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Donald G. Macpherson sold 4,276 shares of the stock in a transaction on Monday, April 5th. The stock was sold at an average price of $407.01, for a total transaction of $1,740,374.76. Following the sale, the chief executive officer now directly owns 61,175 shares of the company’s stock, valued at approximately $24,898,836.75. The disclosure for this sale can be found here. Corporate insiders own 13.97% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Everence Capital Management Inc. bought a new position in W.W. Grainger in the first quarter valued at $930,000. TrimTabs Asset Management LLC bought a new position in W.W. Grainger in the first quarter valued at $760,000. Fulton Bank N.A. grew its position in W.W. Grainger by 11.8% in the first quarter. Fulton Bank N.A. now owns 757 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 80 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in W.W. Grainger by 23.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 61,398 shares of the industrial products company’s stock valued at $24,838,000 after purchasing an additional 11,594 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its position in W.W. Grainger by 54.6% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 116,339 shares of the industrial products company’s stock valued at $47,507,000 after purchasing an additional 41,105 shares in the last quarter. 70.63% of the stock is owned by institutional investors and hedge funds.
W.W. Grainger Company Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, 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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