Salem Investment Counselors Inc. grew its position in W.W. Grainger by 1.0% during the second quarter. W W Grainger Inc (NYSE:GWW) has declined 21.15% since November 16, 2016 and is downtrending. They now have a $245.00 price target on the industrial products company's stock.
Several brokerages have weighed in on GWW. The value of the total investment in W.W. Grainger went from $5,765,000 to $5,718,000 decreasing 0.8% for the reporting period.
Royal Bank Of Canada raised the price target of the stock on November 7 changing the forecast from $146.00 to $148.00 and issued a "Underperform" recommendation. BMO Capital Markets reaffirmed a "market perform" rating and set a $178.00 target price (up previously from $165.00) on shares of W.W. Grainger in a research note on Monday, October 9th.
Morgan Stanley updated guidance on GWW and giving a rating of "Sell" and price target of $185.00. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. 581,200 shares of the company traded hands, compared to its average volume of 953,862. W.W. Grainger has a one year low of $155.00 and a one year high of $262.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.28 and a quick ratio of 1.28. The firm has a market capitalization of $11,153.32, a PE ratio of 17.84, a PEG ratio of 1.88 and a beta of 0.78. Lord Abbett Communication Lc invested 0.02% of its portfolio in W W Grainger Inc (NYSE:GWW). In the latest earnings report the EPS was $8.43 with 56.98M shares now outstanding. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the company earned $3.18 earnings per share. The firm's quarterly revenue was up 1.5% on a year-over-year basis. analysts predict that W.W. Grainger will post 10.71 EPS for the current year. W.W. Grainger Inc. now has $11.23B valuation. "(GWW)" was originally posted by BBNS and is the sole property of of BBNS. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & worldwide copyright legislation. The correct version of this story can be viewed at https://stocknewstimes.com/2017/11/18/w-w-grainger-inc-gww-shares-bought-by-dupont-capital-management-corp.html.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be given a $1.28 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $5.12 annualized dividend and a yield of 2.69%. W.W. Grainger had 86 analyst reports since July 21, 2015 according to SRatingsIntel. Also, VP Eric R. Tapia sold 190 shares of the business's stock in a transaction on Friday, October 20th. The total value of its holdings increased 58,410.4%. Following the completion of the transaction, the vice president now owns 3,748 shares of the company's stock, valued at approximately $780,558.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other W W Grainger news, Chairman James T. Ryan sold 2,369 shares of the stock in a transaction dated Thursday, February 16th. Following the sale, the vice president now directly owns 51,645 shares of the company's stock, valued at $12,862,703.70. The disclosure for this sale can be found here.
A number of research firms recently commented on GWW. State Street Corp now owns 3,251,383 shares of the industrial products company's stock valued at $586,971,000 after buying an additional 165,293 shares in the last 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 during the period. Atlantic Securities raised shares of W.W. Grainger from an "underweight" rating to a "neutral" rating in a research report on Thursday, October 19th. The firm owned 8,601 shares of the industrial products company's stock after buying an additional 8,236 shares during the quarter.
As of quarter end Haverford Financial Services, Inc. had sold 123 shares trimming its position 0.4%. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company's stock valued at $109,000 after buying an additional 6 shares during the period. Finally, Thrivent Financial For Lutherans lifted its holdings in W.W. Grainger by 1.5% during the second quarter. Nippon Life Insurance Co. lifted its holdings in W.W. Grainger by 0.3% during the second quarter.
W.W. Grainger, Inc.is a distributor of maintenance, fix and operating (MRO) supplies and other related services and products.