Stephens set a $318.00 price target on W W Grainger (NYSE:GWW) in a report released on Tuesday morning, TipRanks reports. The firm currently has a hold rating on the industrial products company’s stock.
A number of other research firms also recently commented on GWW. Zacks Investment Research downgraded W W Grainger from a buy rating to a hold rating in a report on Monday, April 8th. Peel Hunt upgraded W W Grainger from an add rating to a buy rating in a report on Thursday, April 4th. Gordon Haskett downgraded W W Grainger from a hold rating to an underperform rating and set a $308.99 price objective on the stock. in a report on Friday, April 12th. Buckingham Research raised their price objective on W W Grainger from $309.00 to $316.00 and gave the stock a neutral rating in a report on Wednesday, April 17th. Finally, BMO Capital Markets lowered their target price on W W Grainger from $320.00 to $310.00 and set a market perform rating for the company in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $311.73.
W W Grainger stock opened at $293.19 on Tuesday. The stock has a market capitalization of $15.88 billion, a PE ratio of 17.56, a PEG ratio of 1.42 and a beta of 1.01. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 1.00. W W Grainger has a 12 month low of $265.00 and a 12 month high of $372.06.
In other news, VP John L. Howard sold 1,211 shares of the stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $310.09, for a total value of $375,518.99. Following the completion of the sale, the vice president now owns 44,934 shares in the company, valued at $13,933,584.06. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Donald G. Macpherson sold 2,317 shares of the stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $310.03, for a total value of $718,339.51. Following the completion of the sale, the chairman now owns 45,848 shares of the company’s stock, valued at approximately $14,214,255.44. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its stake in W W Grainger by 4.2% during the 4th quarter. BlackRock Inc. now owns 3,372,604 shares of the industrial products company’s stock valued at $952,290,000 after purchasing an additional 135,674 shares in the last quarter. Longview Partners Guernsey LTD grew its stake in W W Grainger by 84.1% during the 4th quarter. Longview Partners Guernsey LTD now owns 3,155,394 shares of the industrial products company’s stock valued at $890,957,000 after purchasing an additional 1,441,615 shares in the last quarter. Ronna Sue Cohen grew its stake in W W Grainger by 27,609.9% during the 1st quarter. Ronna Sue Cohen now owns 2,981,867 shares of the industrial products company’s stock valued at $2,982,000 after purchasing an additional 2,971,106 shares in the last quarter. Northern Trust Corp grew its stake in W W Grainger by 8.9% during the 4th quarter. Northern Trust Corp now owns 1,245,244 shares of the industrial products company’s stock valued at $351,607,000 after purchasing an additional 101,464 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in W W Grainger by 12.9% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,164,524 shares of the industrial products company’s stock valued at $416,213,000 after purchasing an additional 133,501 shares in the last quarter. Institutional investors and hedge funds own 78.21% of the company’s stock.
About W W Grainger
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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