W W Grainger Inc (NYSE:GWW) Declares $1.44 Quarterly Dividend

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W W Grainger Inc (NYSE:GWW) announced a quarterly dividend on Wednesday, October 30th, RTT News reports. Investors of record on Monday, November 11th will be given a dividend of 1.44 per share by the industrial products company on Sunday, December 1st. This represents a $5.76 dividend on an annualized basis and a dividend yield of 1.86%.

GWW opened at $310.38 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.16 and a quick ratio of 1.19. W W Grainger has a fifty-two week low of $255.09 and a fifty-two week high of $321.07. The firm has a market capitalization of $16.86 billion, a PE ratio of 18.59, a P/E/G ratio of 1.63 and a beta of 0.95. The company’s 50-day moving average is $299.44 and its 200 day moving average is $281.17.

W W Grainger (NYSE:GWW) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $4.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.40 by ($0.14). W W Grainger had a return on equity of 46.07% and a net margin of 8.38%. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the company earned $4.19 EPS. The company’s revenue was up 4.1% on a year-over-year basis. As a group, analysts expect that W W Grainger will post 17.45 EPS for the current year.

In other W W Grainger news, VP John L. Howard sold 11,716 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $305.68, for a total value of $3,581,346.88. Following the completion of the sale, the vice president now owns 54,933 shares in the company, valued at approximately $16,791,919.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 8.50% of the company’s stock.

A number of equities research analysts recently weighed in on GWW shares. Robert W. Baird upped their target price on shares of W W Grainger from $320.00 to $340.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on shares of W W Grainger from $297.00 to $301.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Gabelli restated a “hold” rating on shares of W W Grainger in a report on Friday, July 26th. Buckingham Research upped their target price on shares of W W Grainger from $325.00 to $329.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, Morgan Stanley upped their target price on shares of W W Grainger from $276.00 to $281.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $296.98.

About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

See Also: Yield Curve

Dividend History for W W Grainger (NYSE:GWW)

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