Recent Analysts’ Ratings Changes for W.W. Grainger (GWW)

Several brokerages have updated their recommendations and price targets on shares of W.W. Grainger (NYSE: GWW) in the last few weeks:

  • 3/8/2024 – W.W. Grainger was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 3/5/2024 – W.W. Grainger had its price target raised by analysts at Oppenheimer Holdings Inc. from $1,075.00 to $1,125.00. They now have an “outperform” rating on the stock.
  • 2/26/2024 – W.W. Grainger was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 2/20/2024 – W.W. Grainger was downgraded by analysts at Loop Capital from a “buy” rating to a “hold” rating. They now have a $1,000.00 price target on the stock, up previously from $925.00.
  • 2/13/2024 – W.W. Grainger was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 2/6/2024 – W.W. Grainger had its price target raised by analysts at JPMorgan Chase & Co. from $800.00 to $925.00. They now have a “neutral” rating on the stock.
  • 2/6/2024 – W.W. Grainger had its price target raised by analysts at Stephens from $775.00 to $1,000.00. They now have an “equal weight” rating on the stock.
  • 2/5/2024 – W.W. Grainger had its price target raised by analysts at Royal Bank of Canada from $809.00 to $907.00. They now have a “sector perform” rating on the stock.
  • 2/5/2024 – W.W. Grainger was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 1/12/2024 – W.W. Grainger was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

W.W. Grainger Stock Performance

W.W. Grainger stock traded down $6.20 during mid-day trading on Monday, hitting $964.12. 158,871 shares of the company’s stock traded hands, compared to its average volume of 246,366. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.88 and a quick ratio of 1.64. The stock has a market cap of $47.41 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 1.90 and a beta of 1.14. The firm has a 50 day simple moving average of $908.95 and a two-hundred day simple moving average of $805.82. W.W. Grainger, Inc. has a fifty-two week low of $625.97 and a fifty-two week high of $999.00.

W.W. Grainger (NYSE:GWWGet Free Report) last released its quarterly earnings data on Friday, February 2nd. The industrial products company reported $8.33 earnings per share for the quarter, beating the consensus estimate of $8.05 by $0.28. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $4.04 billion. W.W. Grainger had a return on equity of 56.54% and a net margin of 11.10%. W.W. Grainger’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $7.14 earnings per share. On average, research analysts expect that W.W. Grainger, Inc. will post 39.22 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, February 9th. W.W. Grainger’s dividend payout ratio is currently 20.55%.

Insider Buying and Selling

In other W.W. Grainger news, VP Paige K. Robbins sold 3,813 shares of W.W. Grainger stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $968.88, for a total value of $3,694,339.44. Following the completion of the sale, the vice president now directly owns 4,909 shares in the company, valued at $4,756,231.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Paige K. Robbins sold 3,813 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the completion of the sale, the vice president now owns 4,909 shares in the company, valued at $4,756,231.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Paige K. Robbins sold 3,122 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total value of $2,966,586.84. Following the completion of the sale, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,664,629.98. The disclosure for this sale can be found here. 9.90% of the stock is owned by insiders.

Institutional Trading of W.W. Grainger

Institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of W.W. Grainger during the fourth quarter valued at approximately $392,470,000. Stifel Financial Corp raised its position in shares of W.W. Grainger by 536.8% during the 2nd quarter. Stifel Financial Corp now owns 447,603 shares of the industrial products company’s stock valued at $352,994,000 after purchasing an additional 377,309 shares during the period. BlackRock Inc. raised its position in shares of W.W. Grainger by 7.2% during the 2nd quarter. BlackRock Inc. now owns 4,372,006 shares of the industrial products company’s stock valued at $3,447,721,000 after purchasing an additional 294,558 shares during the period. FMR LLC raised its position in shares of W.W. Grainger by 17.2% during the 3rd quarter. FMR LLC now owns 1,396,928 shares of the industrial products company’s stock valued at $966,451,000 after purchasing an additional 204,507 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in W.W. Grainger by 1,568.4% in the 1st quarter. Lazard Asset Management LLC now owns 165,035 shares of the industrial products company’s stock valued at $85,122,000 after acquiring an additional 155,143 shares during the last quarter. 71.24% of the stock is currently owned by hedge funds and other institutional investors.

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

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