W W Grainger Inc (NYSE:GWW) has been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $298.45.
A number of research firms recently weighed in on GWW. Gabelli raised shares of W W Grainger from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Wells Fargo & Co lowered their price target on shares of W W Grainger from $330.00 to $290.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Wolfe Research raised shares of W W Grainger from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 9th. Buckingham Research lowered their price target on shares of W W Grainger from $342.00 to $326.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Finally, Stephens lowered their price target on shares of W W Grainger from $330.00 to $322.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Americana Partners LLC bought a new stake in shares of W W Grainger during the fourth quarter worth about $27,000. Engrave Wealth Partners LLC bought a new stake in shares of W W Grainger in the fourth quarter worth $30,000. Delta Asset Management LLC TN bought a new stake in shares of W W Grainger in the fourth quarter worth $34,000. FSA Wealth Management LLC bought a new stake in shares of W W Grainger in the fourth quarter worth $34,000. Finally, Whittier Trust Co. grew its holdings in shares of W W Grainger by 149.0% in the fourth quarter. Whittier Trust Co. now owns 122 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 73 shares during the period. 72.48% of the stock is currently owned by institutional investors and hedge funds.
W W Grainger (NYSE:GWW) last released its earnings results on Thursday, January 30th. The industrial products company reported $3.88 EPS for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.12). W W Grainger had a net margin of 7.39% and a return on equity of 45.63%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the company posted $3.96 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, analysts anticipate that W W Grainger will post 18.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Monday, February 10th were issued a $1.44 dividend. This represents a $5.76 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Friday, February 7th. W W Grainger’s payout ratio is 33.31%.
W W Grainger Company Profile
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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