W.W. Grainger, Inc. (NYSE:GWW) posted its quarterly earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.56 by $0.34, Bloomberg Earnings reports. 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 for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the prior year, the company posted $3.06 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. W.W. Grainger updated its FY17 guidance to $10.40-10.90 EPS.
W.W. Grainger (NYSE GWW) traded up 2.05% during trading on Thursday, hitting $201.18. The stock had a trading volume of 1,477,874 shares. The firm has a market cap of $11.46 billion, a PE ratio of 24.01 and a beta of 0.76. The company’s 50-day moving average is $180.64 and its 200 day moving average is $178.18. W.W. Grainger has a 52 week low of $155.00 and a 52 week high of $262.71.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be paid a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 2.60%. W.W. Grainger’s dividend payout ratio (DPR) is currently 60.95%.
In other news, VP Eric R. Tapia sold 190 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $208.26, for a total transaction of $39,569.40. Following the transaction, the vice president now owns 3,748 shares in the company, valued at $780,558.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.60% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in GWW. Cypress Wealth Advisors LLC increased its stake in W.W. Grainger by 0.4% during the 1st quarter. Cypress Wealth Advisors LLC now owns 988 shares of the industrial products company’s stock worth $230,000 after acquiring an additional 4 shares during the period. Salem Investment Counselors Inc. increased its stake in W.W. Grainger by 1.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 6 shares during the period. Trust Co. of Vermont increased its stake in W.W. Grainger by 0.7% during the 2nd quarter. Trust Co. of Vermont now owns 1,293 shares of the industrial products company’s stock worth $234,000 after acquiring an additional 9 shares during the period. Brown Advisory Securities LLC increased its stake in W.W. Grainger by 1.5% during the 1st quarter. Brown Advisory Securities LLC now owns 1,001 shares of the industrial products company’s stock worth $232,000 after acquiring an additional 15 shares during the period. Finally, Profund Advisors LLC increased its stake in W.W. Grainger by 1.2% during the 2nd quarter. Profund Advisors LLC now owns 1,394 shares of the industrial products company’s stock worth $252,000 after acquiring an additional 17 shares during the period. Institutional investors own 80.34% of the company’s stock.
A number of equities analysts have recently weighed in on GWW shares. Zacks Investment Research raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. BidaskClub upgraded shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Credit Suisse Group upgraded shares of W.W. Grainger to a “hold” rating and set a $175.00 price objective on the stock in a research report on Wednesday, July 19th. Wells Fargo & Company set a $210.00 price objective on shares of W.W. Grainger and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $178.00 price objective (up from $165.00) on shares of W.W. Grainger in a research report on Monday, October 9th. Seven equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $190.85.
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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.
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