W.W. Grainger, Inc. (NYSE:GWW - Get Free Report) CEO Donald Macpherson sold 12,163 shares of the company's stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $972.57, for a total value of $11,829,368.91. Following the transaction, the chief executive officer owned 103,885 shares in the company, valued at $101,035,434.45. This trade represents a 10.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
W.W. Grainger Trading Down 1.6%
GWW opened at $959.64 on Tuesday. The company has a quick ratio of 1.59, a current ratio of 2.72 and a debt-to-equity ratio of 0.60. W.W. Grainger, Inc. has a 52 week low of $893.99 and a 52 week high of $1,189.64. The stock has a market cap of $45.63 billion, a PE ratio of 26.91, a PEG ratio of 2.81 and a beta of 1.11. The business has a 50 day moving average of $953.52 and a 200-day moving average of $998.43.
W.W. Grainger (NYSE:GWW - Get Free Report) last issued its quarterly earnings results on Friday, October 31st. The industrial products company reported $10.21 earnings per share for the quarter, topping the consensus estimate of $9.95 by $0.26. The company had revenue of $4.66 billion for the quarter, compared to analysts' expectations of $4.64 billion. W.W. Grainger had a return on equity of 49.40% and a net margin of 9.75%.The firm's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $9.87 earnings per share. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. Equities research analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.
W.W. Grainger Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 10th were given a dividend of $2.26 per share. This represents a $9.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, November 10th. W.W. Grainger's dividend payout ratio (DPR) is 25.35%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Sanford C. Bernstein initiated coverage on shares of W.W. Grainger in a report on Wednesday, November 12th. They issued a "market perform" rating and a $975.00 price objective on the stock. Royal Bank Of Canada boosted their price target on W.W. Grainger from $1,006.00 to $1,050.00 and gave the stock a "sector perform" rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. raised their price objective on W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a "neutral" rating in a research report on Wednesday, October 15th. Morgan Stanley lowered their price objective on W.W. Grainger from $1,150.00 to $1,100.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 25th. Finally, Barclays raised their price target on W.W. Grainger from $963.00 to $975.00 and gave the company an "underweight" rating in a report on Friday, November 7th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $1,009.43.
Check Out Our Latest Research Report on W.W. Grainger
Institutional Trading of W.W. Grainger
Several institutional investors have recently added to or reduced their stakes in GWW. Hilltop National Bank purchased a new position in shares of W.W. Grainger in the second quarter worth $25,000. Quaker Wealth Management LLC increased its holdings in W.W. Grainger by 196.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 24 shares of the industrial products company's stock worth $25,000 after buying an additional 49 shares in the last quarter. Accredited Investors Inc. bought a new stake in W.W. Grainger in the 3rd quarter worth about $25,000. Brown Lisle Cummings Inc. raised its position in W.W. Grainger by 316.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company's stock worth $26,000 after buying an additional 19 shares during the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in W.W. Grainger during the 2nd quarter valued at about $27,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.
W.W. Grainger Company Profile
(
Get Free Report)
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.
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