W.W. Grainger’s May Daily Sales Rise 13% (GWW)

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Facilities maintenance products distributor W.W. Grainger, Inc. ( GWW ) on Monday posted a 13% rise in daily May sales.

The results included a five percentage-point increase from acquisitions, and a one percentage-point loss from unfavorable foreign exchange rates.

Organic daily sales rose 9%, with two thirds of that increase coming from higher volume, while the other third came from higher selling prices.

W.W. Grainger shares were mostly flat in premarket trading Monday.

The Bottom Line
Shares of W.W. Grainger ( GWW ) have a 1.68% dividend yield, based on Friday's closing stock price of $189.98. The stock has technical support in the $178-$180 price area. If the shares can firm up, we see overhead resistance around the $196-$200 price levels.

W.W. Grainger, Inc. ( GWW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com

This article appears in: Investing , Stocks

Referenced Stocks: GWW

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