W.W. Grainger, Inc. (NYSE:GWW - Get Free Report) CFO Deidra C. Merriwether sold 1,164 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $997.12, for a total transaction of $1,160,647.68. Following the completion of the transaction, the chief financial officer now directly owns 10,235 shares of the company's stock, valued at $10,205,523.20. This trade represents a 10.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
W.W. Grainger Stock Performance
Shares of GWW stock traded down $18.90 on Monday, reaching $923.53. The stock had a trading volume of 442,624 shares, compared to its average volume of 251,162. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $44.53 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 2.70 and a beta of 1.20. The firm's 50-day moving average is $1,013.43 and its two-hundred day moving average is $1,076.89.
W.W. Grainger (NYSE:GWW - Get Free Report) last issued its earnings results on Friday, January 31st. The industrial products company reported $9.71 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.04). W.W. Grainger had a return on equity of 52.43% and a net margin of 11.12%. During the same period in the prior year, the company earned $8.33 EPS. On average, research analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.
W.W. Grainger Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were issued a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, February 10th. W.W. Grainger's payout ratio is 21.18%.
Analyst Upgrades and Downgrades
GWW has been the subject of several research analyst reports. William Blair upgraded W.W. Grainger from a "market perform" rating to an "outperform" rating in a research report on Monday, March 10th. Royal Bank of Canada lowered their price objective on shares of W.W. Grainger from $1,113.00 to $1,112.00 and set a "sector perform" rating for the company in a research report on Monday, February 3rd. Wolfe Research lowered shares of W.W. Grainger from a "peer perform" rating to an "underperform" rating and set a $966.00 target price for the company. in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on W.W. Grainger from $1,125.00 to $1,100.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Finally, StockNews.com cut W.W. Grainger from a "buy" rating to a "hold" rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $1,130.89.
View Our Latest Report on GWW
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of GWW. GAMMA Investing LLC grew its position in shares of W.W. Grainger by 100,843.0% in the first quarter. GAMMA Investing LLC now owns 692,469 shares of the industrial products company's stock valued at $684,042,000 after purchasing an additional 691,783 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in W.W. Grainger by 250.0% in the 1st quarter. AdvisorNet Financial Inc now owns 140 shares of the industrial products company's stock valued at $138,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc grew its holdings in W.W. Grainger by 102.5% in the 1st quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company's stock valued at $322,000 after buying an additional 165 shares in the last quarter. Insight Wealth Strategies LLC grew its holdings in W.W. Grainger by 1.0% in the 1st quarter. Insight Wealth Strategies LLC now owns 4,370 shares of the industrial products company's stock valued at $4,317,000 after buying an additional 42 shares in the last quarter. Finally, DSG Capital Advisors LLC bought a new position in W.W. Grainger during the 4th quarter worth $2,565,000. Institutional investors and hedge funds own 80.70% of the company's stock.
About W.W. Grainger
(
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W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.
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