John L. Howard Sells 19,500 Shares of W. W. Grainger (GWW) Stock

W. W. Grainger (NYSE:GWW) VP John L. Howard sold 19,500 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $295.00, for a total value of $5,752,500.00. Following the transaction, the vice president now owns 57,906 shares in the company, valued at $17,082,270. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

GWW opened at $286.67 on Friday. W. W. Grainger has a one year low of $155.00 and a one year high of $298.14. The company has a market capitalization of $16,482.09, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 2.20 and a beta of 0.81. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.18 and a current ratio of 2.13.

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W. W. Grainger (NYSE:GWW) last released its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.76. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.57 billion. W. W. Grainger had a return on equity of 35.76% and a net margin of 5.62%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.45 earnings per share. analysts anticipate that W. W. Grainger will post 13.76 EPS for the current year.

GWW has been the topic of several recent research reports. Zacks Investment Research cut W. W. Grainger from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 16th. Royal Bank of Canada restated a “sell” rating and set a $192.00 target price on shares of W. W. Grainger in a report on Thursday, January 4th. TheStreet upgraded W. W. Grainger from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. Goldman Sachs reiterated a “neutral” rating on shares of W. W. Grainger in a report on Monday, March 19th. Finally, UBS assumed coverage on W. W. Grainger in a report on Tuesday, January 23rd. They issued a “sell” rating and a $215.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $244.85.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC raised its position in W. W. Grainger by 107.9% in the fourth quarter. Advisory Services Network LLC now owns 476 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 247 shares during the period. Fieldpoint Private Securities LLC purchased a new stake in W. W. Grainger in the third quarter valued at approximately $133,000. Tower Research Capital LLC TRC raised its position in W. W. Grainger by 420.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 781 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 631 shares during the period. Glenview State Bank Trust DEPT. purchased a new stake in W. W. Grainger in the fourth quarter valued at approximately $202,000. Finally, Cidel Asset Management Inc. purchased a new stake in W. W. Grainger in the fourth quarter valued at approximately $202,000. 83.66% of the stock is currently owned by institutional investors.

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About W. W. Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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