W.W. Grainger Inc. (GWW) Shares Gap Up to $230.93
W.W. Grainger Inc. (NYSE:GWW) 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 issued reports on the stock. Zacks Investment Research downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th. BMO Capital Markets decreased their target price on shares of W.W. Grainger from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. RBC Capital Markets restated an “underperform” rating and issued a $187.00 target price (down from $197.00) on shares of W.W. Grainger in a research note on Wednesday, July 20th. Royal Bank Of Canada decreased their target price on shares of W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating for the company in a research note on Wednesday, July 20th. Finally, Barclays PLC upped their target price on shares of W.W. Grainger from $209.00 to $213.00 and gave the company an “equal weight” rating in a research note on Monday, July 18th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. W.W. Grainger currently has an average rating of “Hold” and an average price target of $227.25.
The firm has a market cap of $14.06 billion and a P/E ratio of 21.16. The firm has a 50 day moving average price of $225.01 and a 200 day moving average price of $225.21.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $2.89 earnings per share for the quarter, missing the consensus estimate of $3.17 by $0.28. During the same quarter in the previous year, the firm posted $3.27 earnings per share. The company had revenue of $2.60 million for the quarter, compared to analysts’ expectations of $2.58 billion. Equities analysts anticipate that W.W. Grainger Inc. will post $11.53 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 8th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, August 4th.
In other W.W. Grainger news, VP Joseph C. High sold 1,722 shares of the stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $220.00, for a total transaction of $378,840.00. Following the transaction, the vice president now owns 7,531 shares in the company, valued at $1,656,820. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Laura D. Brown sold 1,776 shares of the stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $225.61, for a total value of $400,683.36. Following the transaction, the vice president now owns 13,011 shares in the company, valued at approximately $2,935,411.71. The disclosure for this sale can be found here.
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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