W.W. Grainger, Inc. (NYSE:GWW – Get Rating) VP Paige K. Robbins sold 2,330 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $500.03, for a total transaction of $1,165,069.90. Following the transaction, the vice president now directly owns 11,996 shares of the company’s stock, valued at approximately $5,998,359.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
W.W. Grainger Stock Up 8.3 %
GWW stock opened at $543.53 on Friday. The stock has a market capitalization of $27.78 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.41 and a beta of 1.18. The firm has a 50-day simple moving average of $471.83 and a 200-day simple moving average of $485.35. The company has a quick ratio of 1.44, a current ratio of 2.55 and a debt-to-equity ratio of 0.99. W.W. Grainger, Inc. has a 52 week low of $391.16 and a 52 week high of $544.82.
W.W. Grainger (NYSE:GWW – Get Rating) last released its earnings results on Friday, July 29th. The industrial products company reported $7.19 EPS for the quarter, topping analysts’ consensus estimates of $6.66 by $0.53. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.69 billion. W.W. Grainger had a net margin of 8.58% and a return on equity of 53.07%. The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.27 earnings per share. Equities analysts forecast that W.W. Grainger, Inc. will post 26.29 earnings per share for the current fiscal year.
W.W. Grainger Dividend Announcement
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Wolfe Research raised shares of W.W. Grainger from a “peer perform” rating to an “outperform” rating in a report on Wednesday, April 6th. Morgan Stanley cut their price objective on shares of W.W. Grainger from $449.00 to $421.00 and set an “underweight” rating for the company in a report on Friday, July 15th. StockNews.com cut shares of W.W. Grainger from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 16th. Finally, Stephens lifted their price objective on shares of W.W. Grainger from $510.00 to $565.00 in a report on Monday, May 2nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, W.W. Grainger presently has a consensus rating of “Hold” and an average price target of $507.88.
Hedge Funds Weigh In On W.W. Grainger
A number of institutional investors and hedge funds have recently bought and sold shares of GWW. BlackRock Inc. boosted its holdings in W.W. Grainger by 3.7% in the 1st quarter. BlackRock Inc. now owns 3,915,066 shares of the industrial products company’s stock valued at $2,019,353,000 after purchasing an additional 140,892 shares during the last quarter. State Street Corp boosted its holdings in W.W. Grainger by 3.4% in the 4th quarter. State Street Corp now owns 2,312,747 shares of the industrial products company’s stock valued at $1,198,558,000 after purchasing an additional 76,183 shares during the last quarter. Bank of America Corp DE boosted its holdings in W.W. Grainger by 4.6% in the 4th quarter. Bank of America Corp DE now owns 897,222 shares of the industrial products company’s stock valued at $464,975,000 after purchasing an additional 39,679 shares during the last quarter. Geode Capital Management LLC boosted its holdings in W.W. Grainger by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 859,371 shares of the industrial products company’s stock valued at $444,380,000 after purchasing an additional 58,449 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in W.W. Grainger by 12.1% in the 4th quarter. Nuveen Asset Management LLC now owns 633,138 shares of the industrial products company’s stock valued at $328,118,000 after purchasing an additional 68,577 shares during the last quarter. 79.47% of the stock is currently owned by institutional investors and hedge funds.
About W.W. Grainger
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. It offers safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.
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