W.W. Grainger, Inc. (NYSE:GWW) VP Sells $10,705,553.68 in Stock

W.W. Grainger, Inc. (NYSE:GWW) VP Paige K. Robbins sold 9,577 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total value of $10,705,553.68. Following the sale, the vice president now owns 4,379 shares in the company, valued at approximately $4,895,021.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

W.W. Grainger Trading Down 0.5 %

NYSE GWW opened at $1,189.42 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. The stock’s 50-day simple moving average is $1,050.17 and its two-hundred day simple moving average is $977.46. W.W. Grainger, Inc. has a twelve month low of $772.13 and a twelve month high of $1,199.00. The company has a market capitalization of $57.92 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 3.03 and a beta of 1.15.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing the consensus estimate of $9.98 by ($0.11). The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.40 billion. W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. W.W. Grainger’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $9.43 earnings per share. Research analysts forecast that W.W. Grainger, Inc. will post 38.87 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Monday, November 11th will be issued a $2.05 dividend. The ex-dividend date is Friday, November 8th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.69%. W.W. Grainger’s payout ratio is 22.23%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GWW shares. Loop Capital upped their price target on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Baird R W raised shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Robert W. Baird raised shares of W.W. Grainger from a “neutral” rating to an “outperform” rating and raised their price target for the company from $975.00 to $1,230.00 in a report on Wednesday, October 16th. Royal Bank of Canada upped their price target on shares of W.W. Grainger from $1,018.00 to $1,125.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Finally, Wolfe Research raised W.W. Grainger to a “hold” rating in a research note on Sunday, September 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $1,058.50.

Institutional Investors Weigh In On W.W. Grainger

A number of institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC increased its stake in W.W. Grainger by 36.6% in the 1st quarter. Janus Henderson Group PLC now owns 9,506 shares of the industrial products company’s stock worth $9,664,000 after purchasing an additional 2,548 shares during the period. ORG Partners LLC increased its stake in shares of W.W. Grainger by 1,201.6% in the second quarter. ORG Partners LLC now owns 833 shares of the industrial products company’s stock worth $748,000 after buying an additional 769 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in W.W. Grainger by 11.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 59,822 shares of the industrial products company’s stock valued at $60,857,000 after buying an additional 6,042 shares during the last quarter. Cetera Advisors LLC boosted its position in W.W. Grainger by 576.3% during the 1st quarter. Cetera Advisors LLC now owns 5,559 shares of the industrial products company’s stock valued at $5,655,000 after buying an additional 4,737 shares during the period. Finally, Diversified Trust Co boosted its position in W.W. Grainger by 280.4% during the 2nd quarter. Diversified Trust Co now owns 2,621 shares of the industrial products company’s stock valued at $2,365,000 after buying an additional 1,932 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Company Profile

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.