Insider Selling: Court Carruthers Unloads 5,000 Shares of W.W. Grainger Stock (GWW)
W.W. Grainger (NYSE:GWW) VP Court Carruthers sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $255.28, for a total transaction of $1,276,400.00. Following the sale, the vice president now directly owns 22,952 shares of the company’s stock, valued at approximately $5,859,187. The sale was disclosed in a 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 Raymond James cut their price target on shares of W.W. Grainger from $280.00 to $268.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of W.W. Grainger from $285.00 to $290.00 in a research note to investors on Friday, October 4th. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. upgraded shares of W.W. Grainger from a “sell” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $256.85.
W.W. Grainger (NYSE:GWW) traded up 1.05% during mid-day trading on Thursday, hitting $260.47. 182,478 shares of the company’s stock traded hands. W.W. Grainger has a 1-year low of $184.78 and a 1-year high of $276.38. The stock has a 50-day moving average of $262.1 and a 200-day moving average of $254.. The company has a market cap of $18.102 billion and a P/E ratio of 25.04.
W.W. Grainger (NYSE:GWW) last announced its earnings results on Wednesday, October 16th. The company reported $2.95 earnings per share for the quarter, missing the analysts’ consensus estimate of $3.06 by $0.11. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter last year, the company posted $2.81 earnings per share. W.W. Grainger’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that W.W. Grainger will post $11.70 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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