Advyzon Investment Management LLC bought a new stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 342 shares of the industrial products company's stock, valued at approximately $338,000.
Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in W.W. Grainger by 100,843.0% in the first quarter. GAMMA Investing LLC now owns 692,469 shares of the industrial products company's stock worth $684,042,000 after acquiring an additional 691,783 shares during the period. Invesco Ltd. raised its holdings in W.W. Grainger by 28.9% in the 4th quarter. Invesco Ltd. now owns 514,326 shares of the industrial products company's stock worth $542,126,000 after purchasing an additional 115,290 shares in the last quarter. Northern Trust Corp lifted its position in shares of W.W. Grainger by 14.2% in the 4th quarter. Northern Trust Corp now owns 681,912 shares of the industrial products company's stock worth $718,769,000 after purchasing an additional 84,595 shares during the period. Siemens Fonds Invest GmbH boosted its stake in shares of W.W. Grainger by 4,053.3% during the 4th quarter. Siemens Fonds Invest GmbH now owns 53,910 shares of the industrial products company's stock valued at $56,824,000 after purchasing an additional 52,612 shares in the last quarter. Finally, Twinbeech Capital LP bought a new stake in shares of W.W. Grainger during the 4th quarter valued at about $54,030,000. Institutional investors own 80.70% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on GWW. Morgan Stanley decreased their price target on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating for the company in a research note on Friday, July 11th. Royal Bank Of Canada decreased their target price on W.W. Grainger from $1,176.00 to $1,007.00 and set a "sector perform" rating for the company in a research report on Monday. JPMorgan Chase & Co. lifted their price target on W.W. Grainger from $1,100.00 to $1,125.00 and gave the company a "neutral" rating in a research report on Tuesday, May 27th. Finally, Loop Capital decreased their price objective on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $1,080.38.
Check Out Our Latest Stock Analysis on W.W. Grainger
W.W. Grainger Stock Up 0.7%
W.W. Grainger stock traded up $6.24 during mid-day trading on Friday, reaching $948.75. The stock had a trading volume of 208,663 shares, compared to its average volume of 404,106. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64. The company has a market capitalization of $45.38 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 2.73 and a beta of 1.18. W.W. Grainger, Inc. has a one year low of $893.99 and a one year high of $1,227.66. The company has a 50-day moving average price of $1,037.69 and a two-hundred day moving average price of $1,028.88.
W.W. Grainger (NYSE:GWW - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 earnings per share for the quarter, missing analysts' consensus estimates of $10.07 by ($0.10). W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%. The firm had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter in the previous year, the firm earned $9.76 earnings per share. W.W. Grainger's revenue was up 5.6% on a year-over-year basis. On average, analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.
W.W. Grainger Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Monday, August 11th will be issued a dividend of $2.26 per share. This represents a $9.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, August 11th. W.W. Grainger's dividend payout ratio (DPR) is presently 22.94%.
Insider Activity
In other news, VP Krantz Nancy L. Berardinelli sold 280 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $1,075.20, for a total transaction of $301,056.00. Following the completion of the transaction, the vice president directly owned 3,369 shares of the company's stock, valued at $3,622,348.80. The trade was a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is currently owned by insiders.
About W.W. Grainger
(
Free Report)
W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.
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