Raiffeisen Bank International AG increased its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 47.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,855 shares of the industrial products company's stock after purchasing an additional 599 shares during the period. Raiffeisen Bank International AG's holdings in W.W. Grainger were worth $1,809,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its stake in shares of W.W. Grainger by 1,685.7% in the 1st quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company's stock worth $123,000 after buying an additional 118 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings 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 worth $5,033,000 after acquiring an additional 256 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in W.W. Grainger by 116.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 33,917 shares of the industrial products company's stock worth $33,506,000 after acquiring an additional 18,216 shares in the last quarter. GAMMA Investing LLC lifted its holdings in W.W. Grainger by 2.2% in 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 boosted its position in shares of 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 valued at $1,556,000 after purchasing an additional 407 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.
W.W. Grainger Trading Down 10.3%
NYSE GWW opened at $932.25 on Monday. The firm's 50 day moving average price is $1,051.42 and its two-hundred day moving average price is $1,033.62. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.66. The stock has a market cap of $44.79 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.47 and a beta of 1.18.
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 analysts' consensus estimates of $10.07 by ($0.10). The business had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The business's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.76 EPS. Equities analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current year.
W.W. Grainger Dividend Announcement
The business 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. This represents a $9.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, August 11th. W.W. Grainger's dividend payout ratio is 22.94%.
Insider Buying and Selling
In related news, VP Laurie R. Thomson sold 761 shares of the business'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 transaction, the vice president directly owned 578 shares of the company's stock, valued at approximately $602,773.08. The trade was a 56.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Krantz Nancy L. Berardinelli sold 280 shares of the company's stock in a transaction that occurred on 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 transaction, the vice president owned 3,369 shares in the company, valued at approximately $3,622,348.80. This represents a 7.67% decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
GWW has been the topic of a number of research reports. Morgan Stanley dropped 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 report on Friday, July 11th. JPMorgan Chase & Co. upped their price target 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. Finally, Royal Bank Of Canada increased their price objective on W.W. Grainger from $1,097.00 to $1,144.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, W.W. Grainger has a consensus rating of "Hold" and a consensus price target of $1,116.25.
Check Out Our Latest Report on W.W. Grainger
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
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).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider W.W. Grainger, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and W.W. Grainger wasn't on the list.
While W.W. Grainger currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
