W.W. Grainger (NYSE:GWW) Cut to “Hold” at Baird R W

Baird R W downgraded shares of W.W. Grainger (NYSE:GWWFree Report) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning, Zacks.com reports.

GWW has been the subject of a number of other reports. Oppenheimer boosted their price objective on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an outperform rating in a report on Tuesday, March 5th. Royal Bank of Canada boosted their target price on shares of W.W. Grainger from $809.00 to $907.00 and gave the company a sector perform rating in a research note on Monday, February 5th. Robert W. Baird lowered shares of W.W. Grainger from an outperform rating to a neutral rating and decreased their target price for the company from $1,000.00 to $975.00 in a research note on Wednesday. StockNews.com lowered shares of W.W. Grainger from a buy rating to a hold rating in a research note on Wednesday. Finally, Stephens upgraded shares of W.W. Grainger from an equal weight rating to an overweight rating and boosted their target price for the company from $1,000.00 to $1,250.00 in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $959.44.

View Our Latest Stock Analysis on GWW

W.W. Grainger Price Performance

Shares of NYSE GWW opened at $921.46 on Wednesday. W.W. Grainger has a twelve month low of $641.95 and a twelve month high of $1,034.18. The firm has a market cap of $45.22 billion, a P/E ratio of 25.44, a PEG ratio of 1.77 and a beta of 1.18. The company has a 50 day moving average of $961.83 and a 200 day moving average of $911.14. The company has a quick ratio of 1.33, a current ratio of 2.19 and a debt-to-equity ratio of 0.51.

W.W. Grainger (NYSE:GWWGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $9.62 earnings per share for the quarter, topping analysts’ consensus estimates of $9.57 by $0.05. W.W. Grainger had a net margin of 10.94% and a return on equity of 54.31%. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the business earned $9.61 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, research analysts expect that W.W. Grainger will post 39.34 EPS for the current fiscal year.

W.W. Grainger Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Monday, May 13th were given a dividend of $2.05 per share. This is an increase from W.W. Grainger’s previous quarterly dividend of $1.86. The ex-dividend date was Friday, May 10th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.89%. W.W. Grainger’s payout ratio is presently 22.64%.

Institutional Investors Weigh In On W.W. Grainger

A number of hedge funds have recently modified their holdings of the business. Cetera Advisors LLC grew its position in shares of W.W. Grainger by 576.3% during the 1st quarter. Cetera Advisors LLC now owns 5,559 shares of the industrial products company’s stock valued at $5,655,000 after acquiring an additional 4,737 shares during the period. Cetera Investment Advisers boosted its holdings in W.W. Grainger by 72.6% in the 1st quarter. Cetera Investment Advisers now owns 13,795 shares of the industrial products company’s stock worth $14,034,000 after buying an additional 5,804 shares during the period. Swedbank AB bought a new position in W.W. Grainger in the 1st quarter worth $159,365,000. Sanibel Captiva Trust Company Inc. boosted its holdings in W.W. Grainger by 1.8% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 814 shares of the industrial products company’s stock worth $828,000 after buying an additional 14 shares during the period. Finally, Virtu Financial LLC bought a new position in W.W. Grainger in the 1st quarter worth $2,110,000. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Company Profile

(Get Free Report)

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.

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Analyst Recommendations for W.W. Grainger (NYSE:GWW)

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