W.W. Grainger, Inc. (NYSE:GWW – Get Free Report) declared a quarterly dividend on Wednesday, January 28th. Stockholders of record on Monday, February 9th will be given a dividend of 2.26 per share by the industrial products company on Sunday, March 1st. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, February 9th.
W.W. Grainger has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 55 consecutive years. W.W. Grainger has a dividend payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Analysts expect W.W. Grainger to earn $44.80 per share next year, which means the company should continue to be able to cover its $9.04 annual dividend with an expected future payout ratio of 20.2%.
W.W. Grainger Trading Up 1.3%
Shares of GWW stock opened at $1,198.11 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.83 and a debt-to-equity ratio of 0.57. The firm has a market cap of $56.97 billion, a P/E ratio of 33.85, a PEG ratio of 2.49 and a beta of 1.10. The company has a 50 day moving average of $1,038.94 and a 200-day moving average of $997.27. W.W. Grainger has a 12-month low of $893.99 and a 12-month high of $1,204.36.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on GWW. Oppenheimer lifted their price objective on W.W. Grainger from $1,250.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Wednesday. Morgan Stanley lowered their price target on shares of W.W. Grainger from $1,150.00 to $1,100.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Sanford C. Bernstein assumed coverage on shares of W.W. Grainger in a report on Wednesday, November 12th. They issued a “market perform” rating and a $975.00 price objective for the company. Barclays lifted their price objective on shares of W.W. Grainger from $963.00 to $975.00 and gave the company an “underweight” rating in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. increased their target price on W.W. Grainger from $1,100.00 to $1,165.00 and gave the stock a “neutral” rating in a research report on Friday. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, W.W. Grainger presently has a consensus rating of “Hold” and a consensus price target of $1,060.13.
Get Our Latest Analysis on W.W. Grainger
W.W. Grainger Company Profile
W.W. Grainger, Inc (NYSE: GWW) is an industrial supply distributor founded in 1927 and headquartered in Lake Forest, Illinois. The company supplies maintenance, repair and operations (MRO) products and services to businesses, institutions and government customers. Over its long history Grainger has developed a broad product assortment and a national distribution network that supports operations across a range of end markets, including manufacturing, healthcare, hospitality, transportation and public sector organizations.
Grainger’s product portfolio spans core categories such as electrical and lighting, safety and personal protective equipment, material handling, motors and power transmission, plumbing and HVAC, fasteners and adhesives, hand and power tools, and janitorial and facility supplies.
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