W W Grainger Inc (NYSE:GWW) VP Laura D. Brown sold 9,158 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $232.86, for a total value of $2,132,531.88. Following the sale, the vice president now owns 16,893 shares of the company’s stock, valued at $3,933,703.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
W W Grainger Inc (NYSE:GWW) traded down $6.44 during midday trading on Friday, reaching $259.69. The company had a trading volume of 840,244 shares, compared to its average volume of 1,367,627. The company has a current ratio of 2.13, a quick ratio of 1.18 and a debt-to-equity ratio of 1.23. W W Grainger Inc has a one year low of $155.00 and a one year high of $298.14. The stock has a market cap of $14,628.08, a PE ratio of 25.92, a PEG ratio of 1.95 and a beta of 0.88.
W W Grainger (NYSE:GWW) last posted its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.94 EPS for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.76. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the firm earned $2.45 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. sell-side analysts predict that W W Grainger Inc will post 13.83 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be issued a dividend of $1.28 per share. The ex-dividend date is Friday, February 9th. This represents a $5.12 annualized dividend and a dividend yield of 1.97%. W W Grainger’s dividend payout ratio (DPR) is 51.10%.
A number of research analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $278.00 price objective on shares of W W Grainger in a research report on Friday, January 26th. Zacks Investment Research raised W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 price objective on the stock in a research report on Tuesday, January 30th. Stephens reaffirmed a “hold” rating and set a $264.00 price objective on shares of W W Grainger in a research report on Thursday, January 25th. Robert W. Baird raised W W Grainger from a “neutral” rating to a “buy” rating in a research report on Thursday, January 25th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $206.00 price objective on shares of W W Grainger in a research report on Thursday, January 25th. Six analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $234.38.
Institutional investors and hedge funds have recently modified their holdings of the company. Exane Derivatives purchased a new stake in shares of W W Grainger during the 3rd quarter worth approximately $101,000. Westside Investment Management Inc. purchased a new stake in shares of W W Grainger during the 3rd quarter worth approximately $107,000. Salem Investment Counselors Inc. raised its holdings in shares of 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 in the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of W W Grainger during the 3rd quarter worth approximately $133,000. Finally, Legacy Advisors LLC purchased a new stake in shares of W W Grainger during the 3rd quarter worth approximately $198,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.
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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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