W.W. Grainger Inc. (NYSE: GWW) is 22.76% higher on its value in year-to-date trading and has touched a low of $625.97 and a high of $1034.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GWW stock was last observed hovering at around $1020.17 in the last trading session, with the day’s loss setting it -2.87%.
Currently trading at $1017.30, the stock is 2.40% and 6.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing -0.28% at the moment leaves the stock 26.86% off its SMA200. GWW registered 50.52% gain for a year compared to 6-month gain of 45.31%. The firm has a 50-day simple moving average (SMA 50) of $3.16 and a 200-day simple moving average (SMA200) of $18.55.
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The stock witnessed a 4.37% loss in the last 1 month and extending the period to 3 months gives it a 22.37%, and is -1.19% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.19% over the week and 1.60% over the month.
W.W. Grainger Inc. (GWW) has around 26000 employees, a market worth around $50.02B and $16.48B in sales. Current P/E ratio is 27.90 and Fwd P/E is 23.55. Profit margin for the company is 11.10%. Distance from 52-week low is 62.52% and -1.63% from its 52-week high. The company has generated returns on investments over the last 12 months (31.74%).
W.W. Grainger Inc. quarterly earnings per share for the current quarter are estimated at $9.57 with sales reaching $4.26B over the same period.The EPS is expected to grow by 7.38% this year, but quarterly earnings will post 6.10% year-over-year. Quarterly sales are estimated to grow 4.00% in year-over-year returns.
1,513 institutions hold shares in W.W. Grainger Inc. (GWW), with institutional investors hold 82.79% of the company’s shares. The shares outstanding are 49.32M, and float is at 44.55M with Short Float at 2.87%. Institutions hold 74.96% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 5.33 million shares valued at $4.2 billion. The investor’s holdings represent 10.66% of the GWW Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 4.37 million shares valued at $3.45 billion to account for 8.74% of the shares outstanding. The other top investors are State Street Corporation which holds 2.04 million shares representing 4.07% and valued at over $1.61 billion, while FMR, LLC holds 2.38% of the shares totaling 1.19 million with a market value of $940.33 million.
W.W. Grainger Inc. (GWW) Insider Activity
The most recent transaction is an insider sale by Robbins Paige K, the company’s Sr. VP. SEC filings show that Robbins Paige K sold 3,813 shares of the company’s common stock on Feb 29 ’24 at a price of $968.88 per share for a total of $3.69 million. Following the sale, the insider now owns 4909.0 shares.
W.W. Grainger Inc. disclosed in a document filed with the SEC on Feb 08 ’24 that Merriwether Deidra C (Sr. VP & CFO) sold a total of 8,301 shares of the company’s common stock. The trade occurred on Feb 08 ’24 and was made at $950.40 per share for $7.89 million. Following the transaction, the insider now directly holds 9283.0 shares of the GWW stock.
Still, SEC filings show that on Feb 07 ’24, Robbins Paige K (Sr. VP) disposed off 3,122 shares at an average price of $950.22 for $2.97 million. The insider now directly holds 4,909 shares of W.W. Grainger Inc. (GWW).
