W.W. Grainger, Inc. (GWW) Lowered to Sell at UBS AG

UBS AG downgraded shares of W.W. Grainger, Inc. (NYSE:GWW) from a neutral rating to a sell rating in a research report report published on Thursday. The brokerage currently has $195.00 price objective on the industrial products company’s stock, up from their prior price objective of $170.00.

A number of other equities research analysts have also recently commented on the company. Credit Suisse Group raised W.W. Grainger to a hold rating and set a $175.00 price objective for the company in a research note on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a sell rating and set a $145.00 price objective on shares of W.W. Grainger in a research note on Wednesday, September 6th. Morgan Stanley decreased their target price on W.W. Grainger from $174.00 to $172.00 and set an underweight rating for the company in a research note on Thursday, July 20th. BidaskClub cut W.W. Grainger from a hold rating to a sell rating in a research note on Wednesday, July 12th. Finally, Zacks Investment Research cut W.W. Grainger from a hold rating to a sell rating in a research note on Tuesday, September 19th. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $190.85.

Shares of W.W. Grainger (GWW) traded up 1.54% during midday trading on Thursday, hitting $207.81. The stock had a trading volume of 881,352 shares. W.W. Grainger has a one year low of $155.00 and a one year high of $262.71. The firm’s 50-day moving average price is $177.81 and its 200-day moving average price is $179.17. The firm has a market capitalization of $11.99 billion, a PE ratio of 23.96 and a beta of 0.76.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.34. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the firm earned $3.06 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts predict that W.W. Grainger will post $10.68 EPS for the current year.

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In other news, VP Eric R. Tapia sold 190 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $208.26, for a total value of $39,569.40. Following the sale, the vice president now directly owns 3,748 shares in the company, valued at $780,558.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings 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 valued at $1,001,844,000 after purchasing an additional 111,244 shares in the last quarter. Longview Partners Guernsey LTD lifted its holdings 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 valued at $678,018,000 after purchasing an additional 923,948 shares in the last quarter. BlackRock Inc. lifted its holdings 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 valued at $627,699,000 after purchasing an additional 59,673 shares in the last quarter. State Street Corp lifted its holdings 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 valued at $586,971,000 after purchasing an additional 165,293 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings 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 valued at $232,633,000 after purchasing an additional 214,775 shares in the last quarter. Institutional investors own 80.48% of the company’s stock.

W.W. Grainger Company Profile

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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