W. W. Grainger (NYSE:GWW) VP Ronald L. Jadin sold 29,000 shares of the business’s stock in a transaction on Tuesday, April 24th. The shares were sold at an average price of $286.93, for a total transaction of $8,320,970.00. Following the completion of the transaction, the vice president now directly owns 49,459 shares of the company’s stock, valued at approximately $14,191,270.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of NYSE GWW opened at $276.89 on Friday. The firm has a market capitalization of $15,684.83, a P/E ratio of 24.16, a P/E/G ratio of 1.56 and a beta of 0.81. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.20 and a quick ratio of 1.24. W. W. Grainger has a 1-year low of $155.00 and a 1-year high of $309.80.
W. W. Grainger (NYSE:GWW) last announced its earnings results on Thursday, April 19th. The industrial products company reported $4.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.44 by $0.74. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.72 billion. W. W. Grainger had a net margin of 6.03% and a return on equity of 39.23%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.88 EPS. sell-side analysts expect that W. W. Grainger will post 14.85 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC boosted its stake in W. W. Grainger by 107.9% in the 4th quarter. Advisory Services Network LLC now owns 476 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 247 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of W. W. Grainger by 420.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 781 shares of the industrial products company’s stock worth $185,000 after buying an additional 631 shares during the last quarter. Glenview State Bank Trust DEPT. acquired a new position in shares of W. W. Grainger during the 4th quarter worth about $202,000. Cidel Asset Management Inc. acquired a new position in shares of W. W. Grainger during the 4th quarter worth about $202,000. Finally, Welch & Forbes LLC acquired a new position in shares of W. W. Grainger during the 4th quarter worth about $203,000. 81.95% of the stock is owned by hedge funds and other institutional investors.
GWW has been the subject of several research analyst reports. Royal Bank of Canada reissued a “sell” rating and issued a $192.00 price target on shares of W. W. Grainger in a report on Thursday, January 4th. Zacks Investment Research lowered shares of W. W. Grainger from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 16th. Credit Suisse Group reissued an “underperform” rating and issued a $190.00 price target (up previously from $172.00) on shares of W. W. Grainger in a report on Tuesday, January 9th. They noted that the move was a valuation call. Goldman Sachs reissued a “neutral” rating on shares of W. W. Grainger in a report on Monday, March 19th. Finally, Robert W. Baird raised shares of W. W. Grainger from a “neutral” rating to a “buy” rating in a report on Thursday, January 25th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. W. W. Grainger presently has a consensus rating of “Hold” and a consensus target price of $250.54.
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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