W W Grainger (NYSE:GWW) Raised to “Buy” at Peel Hunt

W W Grainger (NYSE:GWW) was upgraded by analysts at Peel Hunt from an “add” rating to a “buy” rating in a note issued to investors on Thursday, April 4th, MarketBeat.com reports.

Several other analysts have also recently issued reports on the company. Wolfe Research cut W W Grainger from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 8th. Zacks Investment Research raised W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 target price on the stock in a research report on Tuesday, December 18th. Royal Bank of Canada increased their target price on W W Grainger to $240.00 and gave the company an “underperform” rating in a research report on Friday, January 25th. They noted that the move was a valuation call. Morgan Stanley initiated coverage on W W Grainger in a research report on Tuesday, December 18th. They set an “underweight” rating and a $265.00 target price on the stock. Finally, Jefferies Financial Group initiated coverage on W W Grainger in a research report on Monday, January 7th. They set a “hold” rating and a $300.00 target price on the stock. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. W W Grainger has an average rating of “Hold” and a consensus price target of $312.30.

GWW traded down $3.09 during trading on Thursday, hitting $291.91. 277,049 shares of the stock were exchanged, compared to its average volume of 469,101. The company has a market capitalization of $16.26 billion, a P/E ratio of 17.48, a PEG ratio of 1.35 and a beta of 1.01. W W Grainger has a 1 year low of $265.00 and a 1 year high of $372.06. The company has a quick ratio of 1.34, a current ratio of 2.40 and a debt-to-equity ratio of 0.97.

W W Grainger (NYSE:GWW) last released its quarterly earnings data on Monday, April 22nd. The industrial products company reported $4.51 EPS for the quarter, topping the consensus estimate of $4.42 by $0.09. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.88 billion. W W Grainger had a return on equity of 46.09% and a net margin of 7.12%. W W Grainger’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $4.18 EPS. Equities analysts anticipate that W W Grainger will post 17.97 earnings per share for the current year.

In related news, VP John L. Howard sold 1,211 shares of the firm’s stock in a transaction on 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 transaction, the vice president now owns 44,934 shares in the company, valued at approximately $13,933,584.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Donald G. Macpherson sold 2,317 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $310.03, for a total value of $718,339.51. Following the completion of the transaction, 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 owned by company insiders.

Hedge funds have recently modified their holdings of the stock. First Midwest Bank Trust Division raised its stake in shares of W W Grainger by 0.8% during the 4th quarter. First Midwest Bank Trust Division now owns 6,815 shares of the industrial products company’s stock valued at $1,924,000 after buying an additional 52 shares during the last quarter. XR Securities LLC purchased a new position in shares of W W Grainger during the 4th quarter valued at about $1,694,000. TIAA CREF Investment Management LLC raised its stake in shares of 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 buying an additional 133,501 shares during the last quarter. Eaton Vance Management raised its stake in shares of W W Grainger by 45.4% during the 3rd quarter. Eaton Vance Management now owns 12,895 shares of the industrial products company’s stock valued at $4,609,000 after buying an additional 4,024 shares during the last quarter. Finally, Rational Advisors LLC increased its stake in shares of W W Grainger by 896.6% in the 4th quarter. Rational Advisors LLC now owns 2,661 shares of the industrial products company’s stock valued at $752,000 after purchasing an additional 2,394 shares in the last quarter. Institutional investors own 78.19% 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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Analyst Recommendations for W W Grainger (NYSE:GWW)

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