W W Grainger (NYSE:GWW) Hits New 1-Year High at $328.06

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W W Grainger Inc (NYSE:GWW) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $328.06 and last traded at $326.16, with a volume of 25767 shares traded. The stock had previously closed at $323.57.

GWW has been the topic of several recent research reports. Morgan Stanley raised shares of W W Grainger from an “underweight” rating to an “equal” rating and raised their target price for the stock from $281.00 to $338.00 in a report on Wednesday. Buckingham Research raised their target price on shares of W W Grainger from $295.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. raised 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. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $297.98.

The company has a current ratio of 2.16, a quick ratio of 1.19 and a debt-to-equity ratio of 0.93. The firm has a market cap of $17.32 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97. The company’s 50-day moving average is $318.61 and its 200-day moving average is $288.19.

W W Grainger (NYSE:GWW) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.40 by ($0.14). The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.94 billion. W W Grainger had a return on equity of 46.07% and a net margin of 8.38%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.19 EPS. Equities research analysts forecast that W W Grainger Inc will post 17.48 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Monday, November 11th were given a dividend of $1.44 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $5.76 annualized dividend and a dividend yield of 1.76%. W W Grainger’s dividend payout ratio is 34.49%.

In other W W Grainger news, VP Eric R. Tapia sold 865 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $319.52, for a total value of $276,384.80. Following the sale, the vice president now owns 3,276 shares in the company, valued at $1,046,747.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paige K. Robbins sold 340 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $318.32, for a total transaction of $108,228.80. Following the completion of the sale, the vice president now owns 9,914 shares in the company, valued at approximately $3,155,824.48. The disclosure for this sale can be found here. Insiders have sold a total of 12,921 shares of company stock worth $3,965,960 in the last quarter. 8.50% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its position in W W Grainger by 6.2% in the second quarter. Bank of America Corp DE now owns 740,780 shares of the industrial products company’s stock valued at $198,699,000 after buying an additional 43,437 shares in the last quarter. Stone Ridge Asset Management LLC boosted its position in W W Grainger by 5.9% in the second quarter. Stone Ridge Asset Management LLC now owns 5,358 shares of the industrial products company’s stock valued at $1,437,000 after buying an additional 300 shares in the last quarter. Raymond James Trust N.A. boosted its position in W W Grainger by 6.1% in the third quarter. Raymond James Trust N.A. now owns 2,010 shares of the industrial products company’s stock valued at $598,000 after buying an additional 115 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in W W Grainger by 13.2% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 4,898 shares of the industrial products company’s stock valued at $1,439,000 after buying an additional 571 shares in the last quarter. Finally, Bartlett & Co. LLC boosted its position in W W Grainger by 702.0% in the third quarter. Bartlett & Co. LLC now owns 2,807 shares of the industrial products company’s stock valued at $834,000 after buying an additional 2,457 shares in the last quarter. Hedge funds and other institutional investors own 72.07% of the company’s stock.

W W Grainger Company Profile (NYSE:GWW)

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.

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