Somewhat Positive Media Coverage Somewhat Unlikely to Impact W. W. Grainger (GWW) Share Price
Headlines about W. W. Grainger (NYSE:GWW) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. W. W. Grainger earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.1812513829391 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
GWW traded down $0.34 on Monday, hitting $295.71. 346,500 shares of the company were exchanged, compared to its average volume of 980,159. W. W. Grainger has a 12 month low of $292.49 and a 12 month high of $297.17. The firm has a market capitalization of $16.58 billion, a PE ratio of 25.80, a PEG ratio of 1.65 and a beta of 0.79. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.24 and a current ratio of 2.20.
W. W. Grainger (NYSE:GWW) last announced its earnings results on Thursday, April 19th. The industrial products company reported $4.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.44 by $0.74. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.72 billion. W. W. Grainger had a return on equity of 39.23% and a net margin of 6.03%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.88 earnings per share. research analysts forecast that W. W. Grainger will post 14.85 earnings per share for the current year.
A number of research analysts have issued reports on GWW shares. Zacks Investment Research cut W. W. Grainger from a “buy” rating to a “hold” rating and set a $327.00 target price for the company. in a research note on Wednesday, April 11th. Stephens reissued a “hold” rating and issued a $264.00 target price on shares of W. W. Grainger in a research note on Thursday, January 25th. ValuEngine raised W. W. Grainger from a “hold” rating to a “buy” rating in a research report on Saturday, April 21st. BMO Capital Markets upped their price objective on W. W. Grainger from $235.00 to $242.00 and gave the stock a “market perform” rating in a research report on Friday, March 16th. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their price objective on W. W. Grainger from $270.00 to $297.00 and gave the stock a “hold” rating in a research report on Monday, April 23rd. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $250.54.
In related news, VP Eric R. Tapia sold 216 shares of the stock in a transaction that occurred on Thursday, May 3rd. The stock was sold at an average price of $278.73, for a total transaction of $60,205.68. Following the sale, the vice president now owns 3,870 shares of the company’s stock, valued at $1,078,685.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Ronald L. Jadin sold 29,000 shares of the stock in a transaction that occurred on Tuesday, April 24th. The stock was sold at an average price of $286.93, for a total value of $8,320,970.00. Following the sale, the vice president now directly owns 49,459 shares in the company, valued at approximately $14,191,270.87. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,716 shares of company stock worth $14,133,676. 10.10% of the stock is owned by corporate insiders.
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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