Facilities maintenance supplier W.W. Grainger, Inc. (GWW) on Friday provided a solid monthly sales update.
The Lake Forest, IL-based company said its July sales rose 11% from last year. The results were aided by 5 percentage points stemming from acquisitions, while numbers were hurt by 2 percentage points from foreign currency exchange.
On a daily basis, organic sales rose 8 percent, with 4 points coming from higher volume, and the remaining four points from price increases.
W.W. Grainger shares were mostly flat in premarket trading Friday.
The Bottom Line
Shares of W.W. Grainger (GWW) have a 1.56% dividend yield, based on last night’s closing stock price of $204.51. The stock has technical support in the $190-$193 price area. The shares are trading near all-time highs.
W.W. Grainger, Inc. (GWW) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.