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Nuveen LLC Buys Shares of 289,092 W.W. Grainger, Inc. (NYSE:GWW)

W.W. Grainger logo with Industrials background

Key Points

  • Nuveen LLC has acquired a new stake in W.W. Grainger, purchasing 289,092 shares valued at approximately $285.57 million, representing about 0.60% ownership of the company.
  • The stock has recently received mixed ratings from analysts, with a consensus rating of "Hold" and an average price target of $1,080.38.
  • W.W. Grainger announced a quarterly dividend of $2.26 per share, highlighting an annualized dividend of $9.04 and a yield of 1.0%.
  • Looking to export and analyze W.W. Grainger data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Nuveen LLC acquired a new stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 289,092 shares of the industrial products company's stock, valued at approximately $285,574,000. Nuveen LLC owned approximately 0.60% of W.W. Grainger at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC grew its position in shares of W.W. Grainger by 46.8% during the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company's stock worth $338,000 after purchasing an additional 102 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of W.W. Grainger by 4.7% during the 4th quarter. Sterling Capital Management LLC now owns 980 shares of the industrial products company's stock worth $1,033,000 after purchasing an additional 44 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new position in shares of W.W. Grainger during the 4th quarter worth approximately $390,000. Advisors Capital Management LLC grew its position in shares of W.W. Grainger by 2.0% during the 4th quarter. Advisors Capital Management LLC now owns 771 shares of the industrial products company's stock worth $813,000 after purchasing an additional 15 shares in the last quarter. Finally, Synovus Financial Corp lifted its holdings in shares of W.W. Grainger by 4.6% during the 4th quarter. Synovus Financial Corp now owns 7,399 shares of the industrial products company's stock worth $7,799,000 after acquiring an additional 326 shares during the period. Institutional investors own 80.70% of the company's stock.

Insiders Place Their Bets

In related news, VP Krantz Nancy L. Berardinelli sold 280 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $1,075.20, for a total transaction of $301,056.00. Following the sale, the vice president owned 3,369 shares of the company's stock, valued at $3,622,348.80. This trade represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is owned by corporate insiders.

W.W. Grainger Price Performance

Shares of W.W. Grainger stock traded up $20.64 on Wednesday, hitting $981.34. 306,767 shares of the company traded hands, compared to its average volume of 383,724. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. The business has a 50-day simple moving average of $1,030.54 and a 200 day simple moving average of $1,025.54. The stock has a market capitalization of $46.94 billion, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 2.79 and a beta of 1.18. W.W. Grainger, Inc. has a 52 week low of $893.99 and a 52 week high of $1,227.66.

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

W.W. Grainger Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Investors 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 yield of 0.9%. The ex-dividend date of this dividend is Monday, August 11th. W.W. Grainger's dividend payout ratio is currently 22.94%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Loop Capital cut their target price on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a research report on Monday, August 4th. Morgan Stanley cut their target price on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating on the stock in a research report on Friday, July 11th. JPMorgan Chase & Co. upped 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, W.W. Grainger presently has an average rating of "Hold" and a consensus price target of $1,080.38.

View Our Latest Report on GWW

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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