W W Grainger Inc (NYSE:GWW) shares reached a new 52-week low on Monday . The stock traded as low as $258.71 and last traded at $259.91, with a volume of 10954 shares. The stock had previously closed at $267.69.
GWW has been the topic of several recent analyst reports. Macquarie raised W W Grainger from a “neutral” rating to an “outperform” rating and set a $281.21 price target on the stock in a research report on Tuesday, January 15th. Zacks Investment Research lowered W W Grainger from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Royal Bank of Canada boosted their price target on W W Grainger to $240.00 and gave the stock an “underperform” rating in a research report on Friday, January 25th. They noted that the move was a valuation call. Peel Hunt raised W W Grainger from an “add” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, Gordon Haskett lowered W W Grainger from a “hold” rating to an “underperform” rating and set a $308.99 price target on the stock. in a research report on Friday, April 12th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. W W Grainger has an average rating of “Hold” and an average target price of $312.30.
The company has a debt-to-equity ratio of 0.97, a current ratio of 2.40 and a quick ratio of 1.36. The firm has a market capitalization of $14.41 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.27 and a beta of 0.96.
The firm 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 dividend of $1.44 per share. The ex-dividend date is Friday, May 10th. This is a positive change from W W Grainger’s previous quarterly dividend of $1.36. This represents a $5.76 dividend on an annualized basis and a dividend yield of 2.20%. W W Grainger’s payout ratio is presently 34.49%.
W W Grainger declared that its board has authorized a share repurchase program on Wednesday, April 24th that allows the company to buyback 5,000,000 outstanding shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
In related news, VP John L. Howard sold 1,211 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $310.09, for a total transaction of $375,518.99. Following the transaction, the vice president now directly owns 44,934 shares of the company’s stock, valued at approximately $13,933,584.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Donald G. Macpherson sold 2,317 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $310.03, for a total value of $718,339.51. Following the transaction, the chairman now directly owns 45,848 shares in the company, valued at $14,214,255.44. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Clean Yield Group acquired a new position in shares of W W Grainger during the 4th quarter worth approximately $31,000. Financial Gravity Companies Inc. bought a new stake in W W Grainger in the 4th quarter valued at $52,000. Bessemer Group Inc. boosted its stake in W W Grainger by 102.2% in the 4th quarter. Bessemer Group Inc. now owns 186 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 94 shares during the period. Captrust Financial Advisors boosted its stake in W W Grainger by 284.0% in the 4th quarter. Captrust Financial Advisors now owns 192 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 142 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in W W Grainger by 281.4% in the 1st quarter. Quadrant Capital Group LLC now owns 267 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 197 shares during the period. 78.04% of the stock is currently owned by institutional investors and hedge funds.
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About W W Grainger (NYSE:GWW)
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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