W W Grainger (NYSE:GWW) had its target price lifted by Buckingham Research from $291.00 to $295.00 in a research note released on Friday morning, BenzingaRatingsTable reports. The firm currently has a neutral rating on the industrial products company’s stock.

GWW has been the subject of several other research reports. Atlantic Securities lowered W W Grainger from a neutral rating to an underweight rating in a report on Friday, June 21st. BMO Capital Markets set a C$2.00 price objective on Probe Metals and gave the stock an outperform rating in a report on Tuesday, April 23rd. Peel Hunt reissued a not rated rating on shares of Eco Atlantic Oil & Gas in a report on Thursday, April 4th. Zacks Investment Research lowered Wix.Com from a hold rating to a sell rating in a report on Monday, April 8th. Finally, William Blair reissued a market perform rating on shares of W W Grainger in a report on Monday, April 22nd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $299.89.

Shares of GWW traded down $0.33 during midday trading on Friday, hitting $299.80. 504,705 shares of the company traded hands, compared to its average volume of 512,425. The stock’s 50-day moving average is $272.13. W W Grainger has a one year low of $255.09 and a one year high of $372.06. The firm has a market cap of $16.38 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 1.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.36 and a current ratio of 2.38.

W W Grainger (NYSE:GWW) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.65 by ($0.01). W W Grainger had a return on equity of 46.27% and a net margin of 7.32%. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the previous year, the firm posted $4.37 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts predict that W W Grainger will post 17.74 earnings per share for the current fiscal year.

W W Grainger announced that its Board of Directors has initiated a stock buyback program on Wednesday, April 24th that permits the company to repurchase 5,000,000 shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

In other W W Grainger news, VP Eric R. Tapia sold 180 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $272.58, for a total value of $49,064.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.50% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Arrow Financial Corp boosted its stake in W W Grainger by 41.7% in the second quarter. Arrow Financial Corp now owns 170 shares of the industrial products company’s stock worth $46,000 after buying an additional 50 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in W W Grainger by 281.4% in the first quarter. Quadrant Capital Group LLC now owns 267 shares of the industrial products company’s stock worth $77,000 after buying an additional 197 shares in the last quarter. Mascoma Wealth Management LLC purchased a new stake in W W Grainger in the first quarter worth approximately $120,000. Carroll Financial Associates Inc. boosted its stake in W W Grainger by 43.3% in the first quarter. Carroll Financial Associates Inc. now owns 440 shares of the industrial products company’s stock worth $132,000 after buying an additional 133 shares in the last quarter. Finally, ETF Managers Group LLC boosted its stake in W W Grainger by 10.6% in the first quarter. ETF Managers Group LLC now owns 511 shares of the industrial products company’s stock worth $154,000 after buying an additional 49 shares in the last quarter. 74.25% 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, 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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