Insider Selling: W.W. Grainger, Inc. (GWW) VP Sells 21,000 Shares of Stock

W.W. Grainger, Inc. (NYSE:GWW) VP John L. Howard sold 21,000 shares of W.W. Grainger stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $220.56, for a total transaction of $4,631,760.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of W.W. Grainger, Inc. (GWW) traded up $4.54 during mid-day trading on Friday, hitting $221.31. 1,092,900 shares of the stock traded hands, compared to its average volume of 945,272. The stock has a market capitalization of $12,350.00, a P/E ratio of 19.29, a P/E/G ratio of 2.04 and a beta of 0.77. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.28 and a current ratio of 2.28. W.W. Grainger, Inc. has a 52 week low of $155.00 and a 52 week high of $262.71.

W.W. Grainger (NYSE:GWW) last announced its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.56 by $0.34. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.65 billion. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.06 earnings per share. equities research analysts predict that W.W. Grainger, Inc. will post 10.71 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be issued a $1.28 dividend. The ex-dividend date is Friday, November 10th. This represents a $5.12 annualized dividend and a dividend yield of 2.31%. W.W. Grainger’s dividend payout ratio is currently 60.74%.

GWW has been the topic of a number of research reports. Royal Bank Of Canada reissued a “sell” rating and set a $145.00 target price on shares of W.W. Grainger in a report on Wednesday, September 6th. Zacks Investment Research downgraded shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. BMO Capital Markets reiterated a “market perform” rating and set a $178.00 target price (up previously from $165.00) on shares of W.W. Grainger in a research report on Monday, October 9th. Oppenheimer reiterated a “buy” rating and set a $245.00 target price on shares of W.W. Grainger in a research report on Monday, November 13th. Finally, Morgan Stanley set a $185.00 target price on shares of W.W. Grainger and gave the company a “sell” rating in a research report on Wednesday, October 18th. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. W.W. Grainger currently has an average rating of “Hold” and a consensus price target of $191.23.

Hedge funds have recently made changes to their positions in the company. Exane Derivatives bought a new position in W.W. Grainger during the third quarter worth about $101,000. Westside Investment Management Inc. bought a new position in W.W. Grainger during the third quarter worth about $107,000. Salem Investment Counselors Inc. boosted its position in W.W. Grainger by 1.0% during the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 6 shares during the period. Fieldpoint Private Securities LLC bought a new position in W.W. Grainger during the third quarter worth about $133,000. Finally, Chicago Partners Investment Group LLC boosted its position in W.W. Grainger by 18,650.0% during the second quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 746 shares during the period. Institutional investors own 85.21% of the company’s stock.

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W.W. Grainger Company Profile

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.

Insider Buying and Selling by Quarter for W.W. Grainger (NYSE:GWW)

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