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MarketScreener Homepage  >  Equities  >  Nyse  >  Grainger (WW)    GWW

GRAINGER (WW) (GWW)
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Delayed Quote. Delayed  - 11/16 10:02:01 pm
310.56 USD   +1.45%
11/08GRAINGER (WW) : Ex-dividend day for
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11/02GRAINGER WW : Names Kathleen Carroll CHRO
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10/31GRAINGER WW : Declares Quarterly Dividend
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W.W. Grainger, Inc. : DOJ : WW Grainger Agrees to Pay $70 Million to Settle False-Claims Charges

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12/26/2012 | 10:30pm CET
   By Tess Stynes 
 

W.W. Grainger Inc. (GWW) agreed to pay $70 million in a settlement of allegations that the hardware distributor submitted false claims under contracts with the U.S. General Services Administration and the U.S. Postal Service, according to the Justice Department.

The settlement resolves issues raised in a post-award General Services Administration audit that apparently showed the Illinois company failed to provide complete and accurate information about its commercial sales practices, including discounts provided to other customers, resulting in the administration paying higher prices, the DOJ said.

The accord also settles allegations that Grainger failed to meet contract requirements to prove "most favored customer" pricing under two Postal Service contracts for sanitation and maintenance supplies, the department said.

A Grainger spokesman wasn't immediately available to comment.

The company is often viewed as a proxy for the U.S. economy because of the its broad product lines and a diverse customer base that includes factories, hospitals and commercial real-estate operators.

Shares were down 56 cents at $198.88 in late trading. The stock is up 6.2% this year.

Write to Tess Stynes at Tess.Stynes@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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Latest news on GRAINGER (WW)
11/08GRAINGER (WW) : Ex-dividend day for
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Financials ($)
Sales 2018 11 262 M
EBIT 2018 1 344 M
Net income 2018 800 M
Debt 2018 1 566 M
Yield 2018 1,73%
P/E ratio 2018 22,47
P/E ratio 2019 17,39
EV / Sales 2018 1,69x
EV / Sales 2019 1,56x
Capitalization 17 491 M
Chart GRAINGER (WW)
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Technical analysis trends GRAINGER (WW)
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 323 $
Spread / Average Target 4,1%
EPS Revisions
Managers
NameTitle
Donald G. Macpherson Chairman & Chief Executive Officer
Thomas Bernard Okray Chief Financial Officer & Senior Vice President
James D. Slavik Independent Director
Brian P. Anderson Lead Independent Director
Neil S. Novich Independent Director
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