Early on Tuesday, maintenance and repair company W.W. Grainger, Inc. (GWW) said its February daily sales increased 6%. However, investors apparently did not like the company’s lower March outlook, causing shares to fall slightly during morning trading.
Commenting on the situation, Wells Fargo analyst Allison Poliniak-Cusic said, “The shares could react negatively to the March outlook. Trading at roughly 18x our 2014 EPS estimate, we believe that near term potential upside to the shares could be limited given the uncertain macro outlook and maintain our Market Perform rating.”
W.W. Grainger shares were down $5.72, or -2.54%, during Tuesday morning trading. The stock is up 5.28% over the past twelve months.
The Bottom Line
Shares of W.W. Grainger (GWW) have a dividend yield of 1.42% based on Tuesday’s intraday trading price fo $224.85 and the company’s annualized dividend payout of $3.20 per share.
W.W. Grainger, Inc. (GWW) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
FREE Dividend Stock Newsletter
Get the Dividend.com email newsletter to receive:
- A free copy of our acclaimed report, 5 Rules of Winning Dividend Stock Investing
- Free daily investing tips and picks from Dividend.com CEO Paul Rubillo
- Tons of great market analysis and recommendations