W W Grainger (GWW) Stock Rating Lowered by Gordon Haskett

Share on StockTwits

W W Grainger (NYSE:GWW) was downgraded by investment analysts at Gordon Haskett from a “hold” rating to an “underperform” rating in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They currently have a $308.99 target price on the industrial products company’s stock. Gordon Haskett’s target price points to a potential upside of 1.35% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley began coverage on shares of W W Grainger in a research note on Tuesday, December 18th. They set an “underweight” rating and a $265.00 target price for the company. Zacks Investment Research raised shares of W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 target price for the company in a research note on Tuesday, December 18th. Jefferies Financial Group began coverage on shares of W W Grainger in a research note on Monday, January 7th. They set a “hold” rating and a $300.00 target price for the company. Wolfe Research downgraded shares of W W Grainger from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 8th. Finally, Macquarie raised shares of W W Grainger from a “neutral” rating to an “outperform” rating and set a $281.21 target price for the company in a research note on Tuesday, January 15th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $312.30.

GWW stock opened at $304.86 on Friday. W W Grainger has a 1 year low of $265.00 and a 1 year high of $372.06. The stock has a market capitalization of $17.18 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.42 and a beta of 1.01. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 1.00.

W W Grainger (NYSE:GWW) last released its quarterly earnings results on Thursday, January 24th. The industrial products company reported $3.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.60 by $0.36. W W Grainger had a net margin of 6.95% and a return on equity of 46.52%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the firm earned $2.94 earnings per share. W W Grainger’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts anticipate that W W Grainger will post 17.99 earnings per share for the current fiscal year.

In other news, VP John L. Howard sold 1,211 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $310.09, for a total transaction of $375,518.99. Following the sale, the vice president now owns 44,934 shares in the company, valued at $13,933,584.06. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Donald G. Macpherson sold 2,317 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $310.03, for a total transaction of $718,339.51. Following the sale, the chairman now owns 45,848 shares in the company, valued at approximately $14,214,255.44. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company’s stock.

Large investors have recently bought and sold shares of the company. Clean Yield Group purchased a new stake in shares of W W Grainger during the fourth quarter valued at approximately $31,000. Financial Gravity Companies Inc. purchased a new stake in shares of W W Grainger during the fourth quarter valued at approximately $52,000. Bessemer Group Inc. grew its holdings in shares of W W Grainger by 102.2% during the fourth quarter. Bessemer Group Inc. now owns 186 shares of the industrial products company’s stock valued at $53,000 after buying an additional 94 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of W W Grainger by 284.0% during the fourth quarter. Captrust Financial Advisors now owns 192 shares of the industrial products company’s stock valued at $54,000 after buying an additional 142 shares during the last quarter. Finally, We Are One Seven LLC purchased a new stake in shares of W W Grainger during the fourth quarter valued at approximately $112,000. Hedge funds and other institutional investors own 78.22% of the company’s stock.

About W W Grainger

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.

Featured Article: Risk Tolerance

Analyst Recommendations for W W Grainger (NYSE:GWW)

Receive News & Ratings for W W Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W W Grainger and related companies with MarketBeat.com's FREE daily email newsletter.