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JPMorgan Chase & Co. Boosts Stake in W.W. Grainger, Inc. (NYSE:GWW)

W.W. Grainger logo with Industrials background

Key Points

  • JPMorgan Chase & Co. increased its stake in W.W. Grainger, Inc. by 10.1%, owning approximately 1.71% of the company, with shares valued at around $812 million.
  • Several major investors, including Vanguard Group and GAMMA Investing LLC, have also significantly boosted their positions in W.W. Grainger during the first quarter.
  • W.W. Grainger announced a quarterly dividend of $2.26 per share, with an annualized yield of 1.0%, set to be paid to stockholders on September 1st.
  • Need better tools to track W.W. Grainger? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

JPMorgan Chase & Co. boosted its holdings in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 10.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 822,411 shares of the industrial products company's stock after purchasing an additional 75,644 shares during the quarter. JPMorgan Chase & Co. owned 1.71% of W.W. Grainger worth $812,403,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of GWW. GAMMA Investing LLC lifted its holdings in shares of W.W. Grainger by 100,843.0% during the 1st 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. Northern Trust Corp lifted its holdings in shares of W.W. Grainger by 14.2% during the 4th quarter. Northern Trust Corp now owns 681,912 shares of the industrial products company's stock worth $718,769,000 after acquiring an additional 84,595 shares during the period. Vanguard Group Inc. lifted its holdings in shares of W.W. Grainger by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company's stock worth $5,322,801,000 after acquiring an additional 57,690 shares during the period. Siemens Fonds Invest GmbH lifted its holdings 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 worth $56,824,000 after acquiring an additional 52,612 shares during the period. Finally, Twinbeech Capital LP bought a new stake in shares of W.W. Grainger during the 4th quarter worth approximately $54,030,000. Institutional investors and hedge funds own 80.70% of the company's stock.

Wall Street Analysts Forecast Growth

GWW has been the subject of a number of research analyst reports. Morgan Stanley lowered 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 research report on Friday, July 11th. JPMorgan Chase & Co. upped 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 report on Tuesday, May 27th. Royal Bank Of Canada decreased their price target 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 report on Monday, August 4th. Finally, Loop Capital decreased their price target on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a research report on Monday, August 4th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $1,080.38.

View Our Latest Analysis on GWW

W.W. Grainger Trading Down 0.2%

Shares of GWW traded down $2.25 during trading hours on Friday, hitting $972.32. 64,988 shares of the stock were exchanged, compared to its average volume of 286,376. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,227.66. 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 business has a 50-day moving average of $1,028.38 and a 200-day moving average of $1,024.46. The firm has a market capitalization of $46.51 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 2.85 and a beta of 1.18.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued its earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.07 by ($0.10). The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%. The firm's revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $9.76 earnings per share. On average, research analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Monday, August 11th will be paid a $2.26 dividend. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 11th. W.W. Grainger's dividend payout ratio (DPR) is 22.94%.

Insider Buying and Selling at W.W. Grainger

In other W.W. Grainger news, VP Krantz Nancy L. Berardinelli sold 280 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $1,075.20, for a total value of $301,056.00. Following the transaction, the vice president directly owned 3,369 shares of the company's stock, valued at approximately $3,622,348.80. This trade represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.10% of the company's stock.

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.

See Also

Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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