Aigen Investment Management LP purchased a new position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,779 shares of the industrial products company's stock, valued at approximately $1,757,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strengthening Families & Communities LLC increased its holdings in W.W. Grainger by 78.0% during the 1st quarter. Strengthening Families & Communities LLC now owns 73 shares of the industrial products company's stock worth $66,000 after purchasing an additional 32 shares during the last quarter. King Luther Capital Management Corp increased its stake in shares of W.W. Grainger by 1.1% in the first quarter. King Luther Capital Management Corp now owns 5,444 shares of the industrial products company's stock worth $5,378,000 after buying an additional 59 shares during the last quarter. Entropy Technologies LP raised its holdings in W.W. Grainger by 226.3% in the first quarter. Entropy Technologies LP now owns 6,200 shares of the industrial products company's stock valued at $6,125,000 after acquiring an additional 4,300 shares in the last quarter. Fiduciary Family Office LLC bought a new position in W.W. Grainger during the 1st quarter valued at $576,000. Finally, JPMorgan Chase & Co. grew its holdings in W.W. Grainger by 10.1% during the 1st quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company's stock worth $812,403,000 after acquiring an additional 75,644 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.
Insider Buying and Selling at W.W. Grainger
In related news, VP Krantz Nancy L. Berardinelli sold 280 shares of the 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 sale, the vice president directly owned 3,369 shares of the company's stock, valued at $3,622,348.80. This represents 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. Company insiders own 6.10% of the company's stock.
Analyst Ratings Changes
GWW has been the topic of several research reports. Loop Capital cut their price objective on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a research note on Monday, August 4th. Morgan Stanley decreased their price objective 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 report on Friday, July 11th. Royal Bank Of Canada lowered their target price on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a "sector perform" rating for the company in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of W.W. Grainger from $1,100.00 to $1,125.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $1,080.38.
Read Our Latest Research Report on GWW
W.W. Grainger Price Performance
Shares of GWW stock traded down $6.61 during midday trading on Thursday, reaching $975.47. 129,619 shares of the company were exchanged, compared to its average volume of 287,283. The company's 50 day moving average price is $1,030.54 and its two-hundred day moving average price is $1,025.54. The company has a market cap of $46.66 billion, a P/E ratio of 24.75, a PEG ratio of 2.79 and a beta of 1.18. W.W. Grainger, Inc. has a 12 month low of $893.99 and a 12 month high of $1,227.66. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82.
W.W. Grainger (NYSE:GWW - Get Free Report) last released its earnings results 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 analyst estimates of $4.52 billion. During the same quarter last year, the company earned $9.76 earnings per share. The business's revenue for the quarter was up 5.6% on a year-over-year basis. On average, sell-side analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.
W.W. Grainger Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Monday, August 11th will be issued a $2.26 dividend. This represents a $9.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 11th. W.W. Grainger's dividend payout ratio is presently 22.94%.
W.W. Grainger Company Profile
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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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