News stories about W.W. Grainger (NYSE:GWW) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. W.W. Grainger earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.2386960706416 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Grainger Receives ‘Follow-On’ Multiple Award Schedule From The General Services Administration (finance.yahoo.com)
- Amazon disrupting again: WW Grainger shares drop after Business Prime Shipping launch (finance.yahoo.com)
- Morgan Stanley Just Found 37 Challenged Stocks That Still Have No Hope (finance.yahoo.com)
- W.W. Grainger, Inc. (GWW) Declares Quarterly Dividend of $1.28 (americanbankingnews.com)
- Amazon is giving businesses two-day shipping for items like industrial and medical supplies (finance.yahoo.com)
Shares of W.W. Grainger (NYSE GWW) opened at 199.76 on Monday. The stock has a 50 day moving average price of $182.71 and a 200 day moving average price of $178.13. The firm has a market capitalization of $11.38 billion, a P/E ratio of 23.84 and a beta of 0.76. W.W. Grainger has a 12 month low of $155.00 and a 12 month high of $262.71.
W.W. Grainger (NYSE:GWW) last issued its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.56 by $0.34. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.65 billion. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. W.W. Grainger’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.06 EPS. On average, analysts expect that W.W. Grainger will post $10.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be issued a $1.28 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 2.56%. W.W. Grainger’s payout ratio is 60.95%.
Several brokerages recently issued reports on GWW. Oppenheimer Holdings, Inc. upgraded W.W. Grainger from a “market perform” rating to an “outperform” rating and set a $245.00 price objective for the company in a report on Wednesday, October 18th. BMO Capital Markets reiterated a “market perform” rating and set a $194.00 price objective (up from $178.00) on shares of W.W. Grainger in a report on Wednesday, October 18th. Atlantic Securities upgraded W.W. Grainger from an “underweight” rating to a “neutral” rating in a report on Thursday, October 19th. KeyCorp reiterated a “sector weight” rating on shares of W.W. Grainger in a report on Monday, August 21st. Finally, Royal Bank Of Canada increased their price objective on W.W. Grainger from $145.00 to $146.00 and gave the stock an “underperform” rating in a report on Wednesday, October 18th. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $190.85.
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In other news, VP Eric R. Tapia sold 190 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $208.26, for a total value of $39,569.40. Following the sale, the vice president now directly owns 3,748 shares of the company’s stock, valued at approximately $780,558.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.60% of the stock is currently owned by corporate insiders.
W.W. Grainger Company Profile
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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