W.W. Grainger Inc. (GWW) Shares Gap Up to $230.93
W.W. Grainger Inc. (NYSE:GWW)’s share price gapped up before the market opened on Friday . The stock had previously closed at $230.90, but opened at $230.93. W.W. Grainger shares last traded at $231.96, with a volume of 274,995 shares traded.
Several equities research analysts have recently issued reports on the company. Deutsche Bank AG restated a “sell” rating and set a $186.00 price target on shares of W.W. Grainger in a research note on Saturday, May 7th. Zacks Investment Research cut shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Barclays PLC raised their price target on shares of W.W. Grainger from $209.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Monday, July 18th. Macquarie began coverage on shares of W.W. Grainger in a research note on Thursday. They set an “outperform” rating and a $274.00 price target for the company. Finally, BMO Capital Markets reiterated a “buy” rating on shares of W.W. Grainger in a research note on Friday, June 10th. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $227.25.
The company has a 50 day moving average of $225.01 and a 200 day moving average of $225.21. The firm has a market cap of $14.06 billion and a PE ratio of 21.16.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $2.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.17 by $0.28. During the same quarter last year, the firm earned $3.27 EPS. The firm earned $2.60 million during the quarter, compared to analyst estimates of $2.58 billion. Equities analysts anticipate that W.W. Grainger Inc. will post $11.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 8th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, August 4th.
In related news, VP Laura D. Brown sold 1,776 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $225.61, for a total transaction of $400,683.36. Following the completion of the sale, the vice president now directly owns 13,011 shares in the company, valued at $2,935,411.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joseph C. High sold 1,722 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $220.00, for a total value of $378,840.00. Following the sale, the vice president now owns 7,531 shares of the company’s stock, valued at $1,656,820. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in W.W. Grainger stock. I.G. Investment Management LTD. boosted its stake in W.W. Grainger Inc. (NYSE:GWW) by 63.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,205 shares of the company’s stock after buying an additional 19,566 shares during the period. I.G. Investment Management LTD. owned approximately 0.08% of W.W. Grainger worth $10,171,000 as of its most recent filing with the SEC.
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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