Several crucial updates about
W.W. Grainger Inc. (GWW) have surfaced. Notably,
Sen. Shelley Moore Capito unloaded her shares in the company while other institutions like
Vontobel Holding Ltd. and
Marks Group Wealth Management Inc. have reduced their holdings. The possibility of a
stock split in the near future is being raised, and the company is touted as one of the
top dividend stocks for investment, with a quarterly dividend of
$2.05 announced. There have also been fluctuations in ownership with entities like
Entropy Technologies LP, Vest Financial LLC, and
Apollon Wealth Management LLC increasing their stakes, and
Meritage Portfolio Management and
OLD National Bancorp IN reducing theirs.
The company missed its quarterly earnings estimates by
$0.04 EPS, leading to lowered expectations for the stock price. Despite these challenges, the company boasts a strong institutional ownership of
74%. Observations note that Grainger has had tech-like returns in a boring industry while providing stability. Construction has commenced on a massive
Grainger distribution center, and
Grainger CEO sold over
$27 million in company stock.
Amazon's Business Prime Shipping launch has caused a dip in Grainger shares.
Grainger Stocks GWW News Analytics from Wed, 25 Oct 2017 07:00:00 GMT to Sat, 15 Feb 2025 20:13:48 GMT -
Rating 4
- Innovation 6
- Information 7
- Rumor 3
