W.W. Grainger’s (GWW) “Hold” Rating Reiterated at Erste Group Bank

Erste Group Bank reiterated their hold rating on shares of W.W. Grainger (NYSE:GWWFree Report) in a research note released on Friday morning, Benzinga reports.

A number of other research analysts have also recently weighed in on the company. Robert W. Baird cut W.W. Grainger from an outperform rating to a neutral rating and lowered their price objective for the company from $1,000.00 to $975.00 in a research report on Wednesday, May 29th. Loop Capital lowered their price target on shares of W.W. Grainger from $1,000.00 to $975.00 and set a hold rating on the stock in a report on Monday, April 29th. Oppenheimer increased 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 research note on Tuesday, March 5th. Stephens upgraded shares of W.W. Grainger from an equal weight rating to an overweight rating and lifted their target price for the company from $1,000.00 to $1,250.00 in a research note on Monday, April 29th. Finally, UBS Group increased their price target on W.W. Grainger from $740.00 to $1,000.00 and gave the stock a neutral rating in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $959.44.

Check Out Our Latest Research Report on W.W. Grainger

W.W. Grainger Stock Performance

Shares of NYSE GWW opened at $917.45 on Friday. W.W. Grainger has a 12-month low of $674.41 and a 12-month high of $1,034.18. The firm has a market capitalization of $45.02 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 1.77 and a beta of 1.16. The company has a current ratio of 2.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $939.57 and a 200 day moving average of $918.82.

W.W. Grainger (NYSE:GWWGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $9.62 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the previous year, the firm posted $9.61 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, research analysts anticipate that W.W. Grainger will post 39.34 earnings per share for the current year.

W.W. Grainger Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Monday, May 13th were issued a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Friday, May 10th. This is a boost from W.W. Grainger’s previous quarterly dividend of $1.86. W.W. Grainger’s dividend payout ratio (DPR) is currently 22.64%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GWW. Bfsg LLC bought a new position in W.W. Grainger during the first quarter valued at $26,000. Valued Wealth Advisors LLC lifted its holdings in shares of W.W. Grainger by 170.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 27 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 17 shares during the last quarter. Scarborough Advisors LLC purchased a new position in W.W. Grainger in the fourth quarter worth about $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in W.W. Grainger during the fourth quarter worth approximately $30,000. Finally, Newbridge Financial Services Group Inc. raised its position in W.W. Grainger by 275.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 45 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 33 shares during the period. 80.70% of the stock is currently owned by institutional investors.

About W.W. Grainger

(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.

Further Reading

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

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