Zions Bancorporation National Association UT bought a new position 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 Securities and Exchange Commission. The institutional investor bought 6,262 shares of the industrial products company's stock, valued at approximately $6,186,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new position in W.W. Grainger in the 1st quarter worth about $25,000. Investment Management Corp VA ADV bought a new position in shares of W.W. Grainger in the fourth quarter valued at approximately $35,000. Cornerstone Planning Group LLC boosted its holdings in shares of W.W. Grainger by 34.3% in the first quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company's stock valued at $47,000 after acquiring an additional 12 shares in the last quarter. Quarry LP bought a new position in shares of W.W. Grainger in the fourth quarter valued at approximately $54,000. Finally, Columbia River Financial Group LLC bought a new position in shares of W.W. Grainger in the first quarter valued at approximately $65,000. Institutional investors own 80.70% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on GWW. Loop Capital decreased their price objective on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a report on Monday, August 4th. Royal Bank Of Canada decreased their price objective 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 report on Monday, August 4th. Morgan Stanley decreased their price objective on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating for the company in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of W.W. Grainger from $1,100.00 to $1,125.00 and gave the company a "neutral" rating in a research note on Tuesday, May 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $1,080.38.
View Our Latest Stock Analysis on GWW
W.W. Grainger Trading Up 0.7%
Shares of NYSE:GWW traded up $6.24 during mid-day trading on Friday, hitting $948.75. The stock had a trading volume of 208,663 shares, compared to its average volume of 404,106. 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 company has a market cap of $45.38 billion, a PE ratio of 24.07, a P/E/G ratio of 2.76 and a beta of 1.18. W.W. Grainger, Inc. has a 12-month low of $893.99 and a 12-month high of $1,227.66. The company's 50 day moving average is $1,037.69 and its 200-day moving average is $1,028.23.
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 EPS for the quarter, missing the consensus estimate of $10.07 by ($0.10). The firm had revenue of $4.55 billion during 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 firm's revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $9.76 EPS. On average, sell-side analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.
W.W. Grainger Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Monday, August 11th will be paid a $2.26 dividend. This represents a $9.04 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, August 11th. W.W. Grainger's dividend payout ratio is currently 22.94%.
Insiders Place Their Bets
In other W.W. Grainger news, 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 value of $301,056.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.10% of the company's stock.
W.W. Grainger Company 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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