PNC Financial Services Group Inc. lifted its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,504 shares of the industrial products company's stock after purchasing an additional 305 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.10% of W.W. Grainger worth $48,901,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in GWW. Golden State Wealth Management LLC raised its holdings in shares of W.W. Grainger by 1,685.7% in 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 last quarter. Cambridge Investment Research Advisors Inc. increased its position in W.W. Grainger by 5.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,095 shares of the industrial products company's stock valued at $5,033,000 after acquiring an additional 256 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in W.W. Grainger by 116.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,917 shares of the industrial products company's stock valued at $33,506,000 after acquiring an additional 18,216 shares during the period. GAMMA Investing LLC raised its stake in W.W. Grainger by 2.2% during the 1st quarter. GAMMA Investing LLC now owns 701 shares of the industrial products company's stock valued at $692,000 after acquiring an additional 15 shares during the last quarter. Finally, World Investment Advisors lifted its position in W.W. Grainger by 38.1% during the 4th quarter. World Investment Advisors now owns 1,476 shares of the industrial products company's stock worth $1,556,000 after acquiring an additional 407 shares during the period. Hedge funds and other institutional investors own 80.70% of the company's stock.
W.W. Grainger Stock Down 10.3%
Shares of NYSE GWW opened at $932.25 on Monday. The stock has a market capitalization of $44.79 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 2.47 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. The firm has a 50-day moving average price of $1,051.42 and a 200 day moving average price of $1,033.62. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57.
W.W. Grainger (NYSE:GWW - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.07 by ($0.10). The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. W.W. Grainger's revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.76 earnings per share. Equities research analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.
W.W. Grainger Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Monday, August 11th will be given a $2.26 dividend. The ex-dividend date is Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 1.0%. W.W. Grainger's dividend payout ratio (DPR) is currently 22.94%.
Insiders Place Their Bets
In other news, VP Laurie R. Thomson sold 761 shares of W.W. Grainger stock in a transaction on 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 completion of the transaction, the vice president owned 578 shares of the company's stock, valued at $602,773.08. The trade was a 56.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Krantz Nancy L. Berardinelli sold 280 shares of the 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 completion of the sale, the vice president directly owned 3,369 shares in the company, valued at approximately $3,622,348.80. The trade was a 7.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.10% of the company's stock.
Analyst Ratings Changes
GWW has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on W.W. Grainger from $1,100.00 to $1,125.00 and gave the company a "neutral" rating in a report on Tuesday, May 27th. Morgan Stanley dropped their price objective 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 note on Friday, July 11th. Finally, Royal Bank Of Canada raised 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 note on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $1,116.25.
Read Our Latest Research 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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Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.W. Grainger, Inc. (NYSE:GWW - Free Report).
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