LPL Financial LLC boosted its holdings in W W Grainger Inc (NYSE:GWW) by 1.1% in the first quarter, HoldingsChannel reports. The firm owned 16,240 shares of the industrial products company’s stock after purchasing an additional 171 shares during the quarter. LPL Financial LLC’s holdings in W W Grainger were worth $4,584,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in GWW. Interval Partners LP grew its position in W W Grainger by 1,100.0% in the first quarter. Interval Partners LP now owns 120,000 shares of the industrial products company’s stock valued at $33,872,000 after purchasing an additional 132,000 shares in the last quarter. Clearbridge Investments LLC grew its position in W W Grainger by 7.6% in the fourth quarter. Clearbridge Investments LLC now owns 1,724,480 shares of the industrial products company’s stock valued at $407,408,000 after purchasing an additional 121,831 shares in the last quarter. Mackay Shields LLC bought a new position in W W Grainger in the first quarter valued at $33,928,000. WBI Investments Inc. bought a new position in W W Grainger in the first quarter valued at $33,645,000. Finally, UBS Group AG lifted its stake in W W Grainger by 165.5% in the first quarter. UBS Group AG now owns 173,745 shares of the industrial products company’s stock valued at $49,043,000 after acquiring an additional 108,293 shares during the last quarter. 78.52% of the stock is owned by institutional investors and hedge funds.
In other news, VP Eric R. Tapia sold 2,265 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $315.57, for a total transaction of $714,766.05. Following the completion of the sale, the vice president now owns 4,637 shares in the company, valued at approximately $1,463,298.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Ronald L. Jadin sold 29,000 shares of the firm’s stock in a transaction dated Tuesday, April 24th. The stock was sold at an average price of $286.93, for a total transaction of $8,320,970.00. Following the sale, the vice president now owns 49,459 shares of the company’s stock, valued at approximately $14,191,270.87. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,981 shares of company stock valued at $14,848,442. 10.10% of the stock is currently owned by corporate insiders.
A number of brokerages have commented on GWW. Zacks Investment Research cut shares of W W Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. ValuEngine upgraded shares of W W Grainger from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Stifel Nicolaus increased their price target on shares of W W Grainger from $270.00 to $297.00 and gave the company a “hold” rating in a research note on Monday, April 23rd. BMO Capital Markets increased their price target on shares of W W Grainger from $247.00 to $255.00 and gave the company a “market perform” rating in a research note on Friday, April 20th. Finally, Royal Bank of Canada reiterated a “sell” rating and issued a $221.00 price target on shares of W W Grainger in a research note on Friday, April 20th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. W W Grainger presently has an average rating of “Hold” and an average price target of $261.55.
W W Grainger opened at $306.48 on Wednesday, according to Marketbeat.com. The company has a quick ratio of 1.24, a current ratio of 2.20 and a debt-to-equity ratio of 1.17. The stock has a market cap of $17.12 billion, a PE ratio of 23.95, a P/E/G ratio of 1.69 and a beta of 0.81. W W Grainger Inc has a 52-week low of $155.00 and a 52-week high of $322.34.
W W Grainger (NYSE:GWW) last posted its earnings results on Thursday, April 19th. The industrial products company reported $4.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.74. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.72 billion. W W Grainger had a net margin of 6.03% and a return on equity of 39.23%. W W Grainger’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.88 EPS. equities research analysts expect that W W Grainger Inc will post 14.96 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Monday, May 14th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Friday, May 11th. This is a boost from W W Grainger’s previous quarterly dividend of $1.28. W W Grainger’s dividend payout ratio (DPR) is currently 47.47%.
About W W Grainger
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.
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