W W Grainger Inc (NYSE:GWW) Director Brian P. Anderson sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $360.18, for a total value of $360,180.00. Following the transaction, the director now owns 4,040 shares of the company’s stock, valued at approximately $1,455,127.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of GWW opened at $357.73 on Friday. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 1.08. W W Grainger Inc has a 52-week low of $155.00 and a 52-week high of $365.00. The firm has a market capitalization of $19.72 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 1.76 and a beta of 0.86.

W W Grainger (NYSE:GWW) last issued its quarterly earnings data on Wednesday, July 18th. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.78 by $0.59. W W Grainger had a return on equity of 42.66% and a net margin of 7.16%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $1.67 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. equities research analysts forecast that W W Grainger Inc will post 16.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 1st. Shareholders of record on Monday, August 13th will be given a $1.36 dividend. The ex-dividend date is Friday, August 10th. This represents a $5.44 annualized dividend and a yield of 1.52%. W W Grainger’s payout ratio is 47.47%.

A number of institutional investors and hedge funds have recently modified their holdings of GWW. FMR LLC raised its position in W W Grainger by 94.6% in the 2nd quarter. FMR LLC now owns 1,386,729 shares of the industrial products company’s stock valued at $427,667,000 after purchasing an additional 673,993 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in W W Grainger by 34,096.9% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 445,586 shares of the industrial products company’s stock valued at $1,454,000 after purchasing an additional 444,283 shares during the last quarter. Bank of Montreal Can raised its position in W W Grainger by 493.8% in the 2nd quarter. Bank of Montreal Can now owns 404,210 shares of the industrial products company’s stock valued at $124,656,000 after purchasing an additional 336,133 shares during the last quarter. Millennium Management LLC raised its position in W W Grainger by 4,050.2% in the 1st quarter. Millennium Management LLC now owns 283,503 shares of the industrial products company’s stock valued at $80,024,000 after purchasing an additional 276,672 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in W W Grainger by 680.6% in the 2nd quarter. Voya Investment Management LLC now owns 239,514 shares of the industrial products company’s stock valued at $73,866,000 after purchasing an additional 208,829 shares during the last quarter. Hedge funds and other institutional investors own 77.56% of the company’s stock.

Several research firms recently commented on GWW. Wolfe Research began coverage on W W Grainger in a research report on Wednesday, June 27th. They set a “market perform” rating for the company. Zacks Investment Research downgraded W W Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. BMO Capital Markets raised their target price on W W Grainger from $255.00 to $267.00 and gave the stock a “market perform” rating in a research report on Friday, July 6th. Oppenheimer raised their target price on W W Grainger from $350.00 to $380.00 and gave the stock an “outperform” rating in a research report on Thursday, July 19th. Finally, ValuEngine upgraded W W Grainger from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $295.36.

About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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