W W Grainger Inc (NYSE:GWW) announced a quarterly dividend on Wednesday, July 29th, RTT News reports. Shareholders of record on Monday, August 10th will be given a dividend of 1.53 per share by the industrial products company on Tuesday, September 1st. This represents a $6.12 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Friday, August 7th. This is a positive change from W W Grainger’s previous quarterly dividend of $1.44.
W W Grainger has raised its dividend payment by an average of 17.6% per year over the last three years and has raised its dividend annually for the last 48 consecutive years. W W Grainger has a payout ratio of 41.0% meaning its dividend is sufficiently covered by earnings. Analysts expect W W Grainger to earn $17.83 per share next year, which means the company should continue to be able to cover its $5.76 annual dividend with an expected future payout ratio of 32.3%.
GWW opened at $339.79 on Friday. W W Grainger has a fifty-two week low of $200.61 and a fifty-two week high of $347.45. The company has a debt-to-equity ratio of 1.53, a current ratio of 3.54 and a quick ratio of 2.32. The firm’s fifty day moving average price is $316.51 and its two-hundred day moving average price is $295.50. The company has a market capitalization of $18.26 billion, a P/E ratio of 21.13, a P/E/G ratio of 2.27 and a beta of 0.99.
Several equities research analysts have recently commented on GWW shares. Stephens reduced their target price on shares of W W Grainger from $322.00 to $300.00 in a research note on Sunday, April 19th. Wells Fargo & Co boosted their target price on shares of W W Grainger from $250.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, July 2nd. Gordon Haskett upgraded shares of W W Grainger from an “underperform” rating to a “hold” rating and set a $295.00 target price on the stock in a research note on Thursday, July 9th. Robert W. Baird boosted their target price on shares of W W Grainger from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Finally, Deutsche Bank boosted their target price on shares of W W Grainger from $359.00 to $383.00 and gave the company a “hold” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $329.75.
In related news, VP Paige K. Robbins sold 3,840 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $312.66, for a total transaction of $1,200,614.40. Following the transaction, the vice president now owns 15,033 shares in the company, valued at approximately $4,700,217.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 13.97% of the stock is owned by corporate insiders.
About W W Grainger
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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