A number of other brokerages also recently issued reports on GWW. Peel Hunt raised shares of W W Grainger from an add rating to a buy rating in a research report on Thursday, April 4th. Zacks Investment Research downgraded shares of W W Grainger from a buy rating to a hold rating in a research report on Monday, April 8th. Gordon Haskett downgraded shares of W W Grainger from a hold rating to an underperform rating and set a $308.99 price objective for the company. in a research report on Friday, April 12th. William Blair reissued a market perform rating on shares of W W Grainger in a research report on Monday, April 22nd. Finally, BMO Capital Markets cut their price objective on shares of W W Grainger from $320.00 to $310.00 and set a market perform rating for the company in a research report on Tuesday, April 23rd. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $309.13.
Shares of GWW stock opened at $267.10 on Friday. W W Grainger has a 1 year low of $258.42 and a 1 year high of $372.06. The company has a quick ratio of 1.36, a current ratio of 2.40 and a debt-to-equity ratio of 0.97. The firm has a market cap of $14.81 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 1.31 and a beta of 0.96.
The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Monday, May 13th will be issued a $1.44 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.76 annualized dividend and a yield of 2.16%. This is an increase from W W Grainger’s previous quarterly dividend of $1.36. W W Grainger’s dividend payout ratio is currently 34.49%.
W W Grainger declared that its Board of Directors has authorized a stock repurchase program on Wednesday, April 24th that permits the company to repurchase 5,000,000 shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
In related news, VP John L. Howard sold 1,211 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $310.09, for a total value of $375,518.99. Following the completion of the transaction, the vice president now owns 44,934 shares of the company’s stock, valued at approximately $13,933,584.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Donald G. Macpherson sold 2,317 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $310.03, for a total transaction of $718,339.51. Following the completion of the transaction, the chairman now directly owns 45,848 shares of the company’s stock, valued at approximately $14,214,255.44. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. CNB Bank lifted its stake in W W Grainger by 16.5% in the 1st quarter. CNB Bank now owns 1,491 shares of the industrial products company’s stock worth $448,000 after purchasing an additional 211 shares in the last quarter. Rational Advisors LLC lifted its stake in W W Grainger by 896.6% in the 4th quarter. Rational Advisors LLC now owns 2,661 shares of the industrial products company’s stock worth $752,000 after purchasing an additional 2,394 shares in the last quarter. Machina Capital S.A.S. purchased a new stake in W W Grainger in the 4th quarter worth $190,000. FDx Advisors Inc. lifted its stake in W W Grainger by 40.0% in the 4th quarter. FDx Advisors Inc. now owns 4,274 shares of the industrial products company’s stock worth $1,207,000 after purchasing an additional 1,221 shares in the last quarter. Finally, Korea Investment CORP lifted its stake in W W Grainger by 6.7% in the 4th quarter. Korea Investment CORP now owns 49,353 shares of the industrial products company’s stock worth $13,935,000 after purchasing an additional 3,100 shares in the last quarter. 78.04% of the stock is owned by institutional investors.
About W W Grainger
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.
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