W.W. Grainger VP Sells $800,820 in Stock (GWW)
W.W. Grainger (NYSE:GWW) VP Donald Macpherson sold 3,000 shares of W.W. Grainger stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $266.94, for a total transaction of $800,820.00. Following the sale, the vice president now directly owns 30,658 shares in the company. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
GWW has been the subject of a number of recent research reports. Analysts at Wunderlich reiterated a “buy” rating on shares of W.W. Grainger (NYSE:GWW) in a research note to investors on Monday, August 26th. They now have a $302.00 price target on the stock. Separately, analysts at Robert W. Baird cut their price target on shares of W.W. Grainger (NYSE:GWW) from $290.00 to $285.00 in a research note to investors on Tuesday, August 13th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of W.W. Grainger (NYSE:GWW) in a research note to investors on Friday, August 2nd. They now have a $283.00 price target on the stock.
One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $248.50.
W.W. Grainger (NYSE:GWW) traded down 0.38% during mid-day trading on Friday, hitting $267.06. The stock had a trading volume of 286,211 shares. W.W. Grainger has a one year low of $184.78 and a one year high of $271.32. The stock’s 50-day moving average is $257.4 and its 200-day moving average is $247.9. The company has a market cap of $18.560 billion and a P/E ratio of 26.04.
W.W. Grainger (NYSE:GWW) last released its earnings data on Wednesday, July 17th. The company reported $3.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.96 by $0.07. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the company posted $2.63 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts expect that W.W. Grainger will post $11.89 EPS for the current fiscal year.
W.W. Grainger, Inc(NYSE:GWW) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services used by businesses and institutions primarily in the United States and Canada .
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