BMO Capital Markets Reiterates Market Perform Rating for W.W. Grainger, Inc. (GWW)

BMO Capital Markets restated their market perform rating on shares of W.W. Grainger, Inc. (NYSE:GWW) in a research report sent to investors on Monday. They currently have a $178.00 price target on the industrial products company’s stock, up from their previous price target of $165.00.

Several other research firms have also weighed in on GWW. BidaskClub upgraded shares of W.W. Grainger from a sell rating to a hold rating in a research report on Wednesday, July 5th. Morgan Stanley reaffirmed an underweight rating and set a $178.00 price objective (up from $172.00) on shares of W.W. Grainger in a research note on Monday, October 2nd. Wells Fargo & Company reaffirmed a market perform rating and set a $174.00 price objective (down from $202.50) on shares of W.W. Grainger in a research note on Wednesday, July 12th. Zacks Investment Research lowered shares of W.W. Grainger from a hold rating to a sell rating in a research note on Tuesday, September 19th. Finally, Northcoast Research began coverage on shares of W.W. Grainger in a research note on Tuesday, July 25th. They set a neutral rating for the company. Six investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $178.25.

W.W. Grainger (NYSE:GWW) opened at 179.58 on Monday. W.W. Grainger has a 12 month low of $155.00 and a 12 month high of $262.71. The firm has a market cap of $10.36 billion, a PE ratio of 20.70 and a beta of 0.76. The firm’s 50-day moving average is $171.05 and its 200-day moving average is $180.76.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.09. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same quarter last year, the firm posted $2.89 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities analysts expect that W.W. Grainger will post $10.36 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of W.W. Grainger by 2.0% in the second quarter. Vanguard Group Inc. now owns 5,549,453 shares of the industrial products company’s stock worth $1,001,844,000 after purchasing an additional 111,244 shares in the last quarter. Longview Partners Guernsey LTD lifted its position in shares of W.W. Grainger by 32.6% in the second quarter. Longview Partners Guernsey LTD now owns 3,755,706 shares of the industrial products company’s stock worth $678,018,000 after purchasing an additional 923,948 shares in the last quarter. BlackRock Inc. lifted its position in shares of W.W. Grainger by 1.7% in the second quarter. BlackRock Inc. now owns 3,476,970 shares of the industrial products company’s stock worth $627,699,000 after purchasing an additional 59,673 shares in the last quarter. State Street Corp lifted its position in shares of W.W. Grainger by 5.4% in the second quarter. State Street Corp now owns 3,251,383 shares of the industrial products company’s stock worth $586,971,000 after purchasing an additional 165,293 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of W.W. Grainger by 20.0% in the second quarter. Northern Trust Corp now owns 1,288,602 shares of the industrial products company’s stock worth $232,633,000 after purchasing an additional 214,775 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

About W.W. Grainger

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

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

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