W W Grainger Inc (GWW) was Initiated by Macquarie to “Outperform” and the brokerage firm has set the Price Target at $274. Macquarie advised their investors in a research report released on Aug 26, 2016.
Many Wall Street Analysts have commented on W W Grainger Inc. Shares were Reiterated by UBS on Jul 20, 2016 to “Neutral” and Lowered the Price Target to $ 225 from a previous price target of $235 .Shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Underperform” and Lowered the Price Target to $ 187 from a previous price target of $197 .W W Grainger Inc was Downgraded by Credit Suisse to ” Neutral” on Jun 17, 2016.
On the company’s financial health, W W Grainger Inc reported $2.89 EPS for the quarter, missing the analyst consensus estimate by $ -0.28 based on the information available during the earnings call on Jul 19, 2016. Analyst had a consensus of $3.17. The company had revenue of $2564.00 million for the quarter, compared to analysts expectations of $2573.40 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.27 EPS.
W W Grainger Inc opened for trading at $231.44 and hit $231.95 on the upside on Tuesday, eventually ending the session at $230.8, with a gain of 0.02% or 0.04 points. The heightened volatility saw the trading volume jump to 2,80,262 shares. Company has a market cap of $13,946 M.
In a different news, on Jul 27, 2016, Joseph C High (Sr. VP & Chief People Officer) sold 1,722 shares at $220.00 per share price. According to the SEC, on May 31, 2016, Laura D Brown (Sr. VP, Inv Rel & Comm) sold 1,776 shares at $225.61 per share price. On Feb 23, 2016, William Lomax (Vice President and Controller) sold 3,069 shares at $221.69 per share price, according to the Form-4 filing with the securities and exchange commission.
W.W. Grainger Inc. 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. It operates in two segments: the United States and Canada. The United States business offers a selection of maintenance repair and operating supplies and other related products and services. Acklands – Grainger is a distributor of industrial and safety supplies that distributes tools fasteners safety supplies instruments welding and shop equipment among others. Other businesses include Zoro the single channel online business in the United States and operations in Europe Asia and Latin America. The Company provides customers with a range of options for finding and purchasing products utilizing sales representatives contact centers direct marketing materials catalogs and e-commerce.