Investors sold shares of W W Grainger Inc (NYSE:GWW) on strength during trading on Wednesday. $41.28 million flowed into the stock on the tick-up and $117.21 million flowed out of the stock on the tick-down, for a money net flow of $75.93 million out of the stock. Of all equities tracked, W W Grainger had the 0th highest net out-flow for the day. W W Grainger traded up $0.88 for the day and closed at $259.89
A number of brokerages have recently issued reports on GWW. Stifel Nicolaus restated a “hold” rating and issued a $278.00 price objective on shares of W W Grainger in a research note on Friday, January 26th. Zacks Investment Research upgraded shares of W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 price objective for the company in a research note on Tuesday, January 30th. Stephens reiterated a “hold” rating and set a $264.00 target price on shares of W W Grainger in a research report on Thursday, January 25th. Robert W. Baird upgraded shares of W W Grainger from a “neutral” rating to a “buy” rating in a research report on Thursday, January 25th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $206.00 target price on shares of W W Grainger in a research report on Thursday, January 25th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. W W Grainger currently has a consensus rating of “Hold” and a consensus target price of $234.38.
The company has a current ratio of 2.13, a quick ratio of 1.18 and a debt-to-equity ratio of 1.23. The firm has a market cap of $14,589.74, a PE ratio of 22.60, a price-to-earnings-growth ratio of 1.93 and a beta of 0.88.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be given a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, February 9th. W W Grainger’s payout ratio is presently 51.10%.
In other W W Grainger news, VP John L. Howard sold 21,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $220.56, for a total value of $4,631,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lucas E. Watson acquired 195 shares of the stock in a transaction on Monday, February 5th. The stock was bought at an average price of $256.51 per share, with a total value of $50,019.45. The disclosure for this purchase can be found here. Insiders sold a total of 30,258 shares of company stock valued at $6,790,898 in the last 90 days. Corporate insiders own 9.60% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of GWW. Profund Advisors LLC increased its position in W W Grainger by 1.2% in the 2nd quarter. Profund Advisors LLC now owns 1,394 shares of the industrial products company’s stock valued at $252,000 after acquiring an additional 17 shares in the last quarter. Thrivent Financial For Lutherans increased its position in W W Grainger by 1.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 2,050 shares of the industrial products company’s stock valued at $370,000 after acquiring an additional 30 shares in the last quarter. Dimensional Fund Advisors LP increased its position in W W Grainger by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 252,445 shares of the industrial products company’s stock valued at $45,572,000 after acquiring an additional 3,140 shares in the last quarter. QS Investors LLC boosted its stake in shares of W W Grainger by 296.9% in the 2nd quarter. QS Investors LLC now owns 3,060 shares of the industrial products company’s stock valued at $552,000 after purchasing an additional 2,289 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of W W Grainger by 329.7% in the 2nd quarter. Janus Henderson Group PLC now owns 144,730 shares of the industrial products company’s stock valued at $26,128,000 after purchasing an additional 111,052 shares during the last quarter. Hedge funds and other institutional investors own 85.92% of the company’s stock.
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About W W Grainger
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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