Facilities maintenance products distributor W.W. Grainger, Inc.
) 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
W.W. Grainger shares were mostly flat in premarket trading
The Bottom Line
Shares of W.W. Grainger (
) 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. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
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, as well as a detailed explanation of
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