Members Wealth LLC acquired a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 288 shares of the industrial products company's stock, valued at approximately $296,000.
A number of other institutional investors also recently modified their holdings of the company. Cyrus J. Lawrence LLC bought a new stake in W.W. Grainger during the 4th quarter worth approximately $31,000. Iron Horse Wealth Management LLC boosted its position in shares of W.W. Grainger by 43.5% during the fourth quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company's stock valued at $35,000 after buying an additional 10 shares during the last quarter. Investment Management Corp VA ADV bought a new stake in W.W. Grainger during the fourth quarter worth $35,000. OFI Invest Asset Management purchased a new stake in W.W. Grainger in the 4th quarter valued at $42,000. Finally, Atala Financial Inc bought a new position in W.W. Grainger during the 4th quarter valued at $43,000. 80.70% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at W.W. Grainger
In other news, CFO Deidra C. Merriwether sold 1,164 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $997.12, for a total value of $1,160,647.68. Following the sale, the chief financial officer now owns 10,235 shares of the company's stock, valued at $10,205,523.20. The trade was a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Laurie R. Thomson sold 761 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $1,042.86, for a total transaction of $793,616.46. Following the sale, the vice president now owns 578 shares in the company, valued at $602,773.08. The trade was a 56.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock valued at $2,255,320 over the last three months. 6.10% of the stock is currently owned by insiders.
W.W. Grainger Stock Performance
Shares of GWW stock traded up $0.95 during trading hours on Friday, hitting $1,086.69. 360,822 shares of the company were exchanged, compared to its average volume of 252,424. The firm has a fifty day simple moving average of $1,022.35 and a 200 day simple moving average of $1,058.73. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. W.W. Grainger, Inc. has a 52-week low of $874.98 and a 52-week high of $1,227.66. The stock has a market capitalization of $52.20 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 2.70 and a beta of 1.24.
W.W. Grainger (NYSE:GWW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $9.86 earnings per share for the quarter, beating the consensus estimate of $9.51 by $0.35. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.31 billion. W.W. Grainger had a return on equity of 52.43% and a net margin of 11.12%. W.W. Grainger's revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $9.62 earnings per share. Research analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.
W.W. Grainger Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Monday, May 12th will be paid a $2.26 dividend. This is a boost 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 0.83%. The ex-dividend date of this dividend is Monday, May 12th. W.W. Grainger's payout ratio is currently 23.21%.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price 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. Wolfe Research cut shares of W.W. Grainger from a "peer perform" rating to an "underperform" rating and set a $966.00 price target on the stock. in a report on Thursday, April 3rd. William Blair upgraded shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a research note on Monday, March 10th. Finally, Royal Bank of Canada lifted their target price on shares of W.W. Grainger from $1,097.00 to $1,144.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $1,123.13.
Get Our Latest Report on GWW
W.W. Grainger 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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