Keybank National Association OH lessened its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,712 shares of the industrial products company's stock after selling 660 shares during the quarter. Keybank National Association OH's holdings in W.W. Grainger were worth $7,618,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bancreek Capital Management LP acquired a new stake in W.W. Grainger during the fourth quarter valued at $3,687,000. Golden State Wealth Management LLC grew its position in W.W. Grainger by 1,685.7% during the first quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company's stock valued at $123,000 after buying an additional 118 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in W.W. Grainger by 5.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,095 shares of the industrial products company's stock valued at $5,033,000 after buying an additional 256 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in W.W. Grainger by 116.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 33,917 shares of the industrial products company's stock valued at $33,506,000 after buying an additional 18,216 shares during the period. Finally, GAMMA Investing LLC grew its position in W.W. Grainger by 2.2% during the first quarter. GAMMA Investing LLC now owns 701 shares of the industrial products company's stock valued at $692,000 after buying an additional 15 shares during the period. Institutional investors and hedge funds own 80.70% of the company's stock.
Insider Transactions at W.W. Grainger
In other W.W. Grainger news, VP Krantz Nancy L. Berardinelli sold 280 shares of W.W. Grainger stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Laurie R. Thomson sold 761 shares of W.W. Grainger stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $1,042.86, for a total transaction of $793,616.46. Following the transaction, the vice president directly owned 578 shares in the company, valued at $602,773.08. This trade represents a 56.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.
Wall Street Analyst Weigh In
GWW has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of 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. Royal Bank Of Canada increased their price objective on shares of W.W. Grainger from $1,097.00 to $1,144.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Wolfe Research downgraded shares of W.W. Grainger from a "peer perform" rating to an "underperform" rating and set a $966.00 price objective on the stock. in a report on Thursday, April 3rd. Finally, William Blair raised shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $1,123.13.
Check Out Our Latest Research Report on GWW
W.W. Grainger Price Performance
Shares of NYSE:GWW traded up $15.21 during midday trading on Friday, hitting $1,050.49. The company's stock had a trading volume of 158,261 shares, compared to its average volume of 249,697. The business's 50 day simple moving average is $1,060.91 and its 200 day simple moving average is $1,038.56. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.60 and a current ratio of 2.74. The company has a market cap of $50.47 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 2.75 and a beta of 1.18. W.W. Grainger, Inc. has a 12-month low of $888.75 and a 12-month high of $1,227.66.
W.W. Grainger (NYSE:GWW - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $9.86 earnings per share for the quarter, topping the consensus estimate of $9.51 by $0.35. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.31 billion. W.W. Grainger had a net margin of 11.08% and a return on equity of 51.28%. The company's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $9.62 earnings per share. On average, analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current year.
W.W. Grainger Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Monday, May 12th were paid a dividend of $2.26 per share. The ex-dividend date was Monday, May 12th. This is an increase from W.W. Grainger's previous quarterly dividend of $2.05. This represents a $9.04 dividend on an annualized basis and a yield of 0.86%. W.W. Grainger's payout ratio is 23.21%.
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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