W W Grainger (NYSE:GWW) had its target price trimmed by Oppenheimer from $410.00 to $365.00 in a research report released on Wednesday, October 17th, The Fly reports. The firm currently has an outperform rating on the industrial products company’s stock. Oppenheimer also issued estimates for W W Grainger’s Q4 2018 earnings at $3.42 EPS, FY2018 earnings at $16.15 EPS, Q1 2019 earnings at $4.57 EPS, Q2 2019 earnings at $4.76 EPS, Q3 2019 earnings at $4.66 EPS, Q4 2019 earnings at $4.30 EPS and FY2019 earnings at $18.30 EPS.
A number of other research firms have also weighed in on GWW. BMO Capital Markets upped their target price on shares of W W Grainger from $255.00 to $267.00 and gave the stock a market perform rating in a report on Friday, July 6th. UBS Group upgraded shares of W W Grainger from a sell rating to a neutral rating and increased their price objective for the company from $240.00 to $340.00 in a research note on Wednesday, July 18th. ValuEngine lowered shares of W W Grainger from a buy rating to a hold rating in a research note on Wednesday, October 17th. Wells Fargo & Co reiterated a hold rating on shares of W W Grainger in a research note on Wednesday, July 18th. Finally, Macquarie increased their price objective on shares of W W Grainger from $314.00 to $358.00 and gave the company a neutral rating in a research note on Wednesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $308.43.
Shares of NYSE GWW traded up $0.73 during trading on Wednesday, hitting $293.75. 470,989 shares of the company traded hands, compared to its average volume of 1,121,798. W W Grainger has a fifty-two week low of $191.39 and a fifty-two week high of $372.06. The firm has a market capitalization of $16.67 billion, a P/E ratio of 25.63, a P/E/G ratio of 1.47 and a beta of 1.06. The company has a current ratio of 2.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.02.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Monday, November 12th will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 1.85%. The ex-dividend date is Thursday, November 8th. W W Grainger’s dividend payout ratio (DPR) is presently 47.47%.
In other W W Grainger news, Director Brian P. Anderson sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $360.18, for a total value of $360,180.00. Following the sale, the director now directly owns 4,040 shares in the company, valued at approximately $1,455,127.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John L. Howard sold 14,990 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $368.20, for a total transaction of $5,519,318.00. Following the completion of the sale, the vice president now owns 58,207 shares in the company, valued at $21,431,817.40. The disclosure for this sale can be found here. 10.10% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of GWW. Financial Architects Inc raised its position in shares of W W Grainger by 1,195.7% during the 3rd quarter. Financial Architects Inc now owns 298 shares of the industrial products company’s stock valued at $107,000 after buying an additional 275 shares in the last quarter. Sun Life Financial INC raised its position in shares of W W Grainger by 60.4% during the 2nd quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock valued at $126,000 after buying an additional 154 shares in the last quarter. First Interstate Bank raised its position in shares of W W Grainger by 161.3% during the 3rd quarter. First Interstate Bank now owns 405 shares of the industrial products company’s stock valued at $145,000 after buying an additional 250 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of W W Grainger during the 2nd quarter valued at $178,000. Finally, Global Financial Private Capital LLC purchased a new stake in shares of W W Grainger during the 2nd quarter valued at $203,000. Institutional investors and hedge funds own 75.28% of the company’s stock.
About W W Grainger
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.
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