Raymond James & Associates increased its holdings in W W Grainger Inc (NYSE:GWW) by 10.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,890 shares of the industrial products company’s stock after buying an additional 7,742 shares during the period. Raymond James & Associates owned about 0.16% of W W Grainger worth $26,358,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Pathstone Family Office LLC raised its stake in W W Grainger by 17.3% in the 1st quarter. Pathstone Family Office LLC now owns 230 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 34 shares during the last quarter. EPG Wealth Management LLC raised its stake in W W Grainger by 68.3% in the 1st quarter. EPG Wealth Management LLC now owns 101 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 41 shares during the last quarter. Harfst & Associates Inc. raised its stake in W W Grainger by 5.0% in the 1st quarter. Harfst & Associates Inc. now owns 910 shares of the industrial products company’s stock valued at $226,000 after purchasing an additional 43 shares during the last quarter. Pinnacle Bank raised its stake in W W Grainger by 13.3% in the 1st quarter. Pinnacle Bank now owns 426 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 50 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC raised its stake in W W Grainger by 4.7% in the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 1,106 shares of the industrial products company’s stock valued at $275,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 70.45% of the company’s stock.
Shares of NYSE:GWW opened at $341.53 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.32 and a current ratio of 3.54. W W Grainger Inc has a 1 year low of $200.61 and a 1 year high of $347.45. The stock has a market capitalization of $18.20 billion, a P/E ratio of 29.91, a PEG ratio of 2.27 and a beta of 0.99. The stock has a 50-day simple moving average of $316.78 and a 200-day simple moving average of $295.49.
W W Grainger (NYSE:GWW) last issued its earnings results on Thursday, July 23rd. The industrial products company reported $3.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.39 by $0.36. W W Grainger had a return on equity of 42.19% and a net margin of 5.34%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the business earned $4.64 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts predict that W W Grainger Inc will post 15.61 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th will be issued a dividend of $1.53 per share. The ex-dividend date is Friday, August 7th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 1.79%. This is a boost from W W Grainger’s previous quarterly dividend of $1.44. W W Grainger’s payout ratio is presently 33.31%.
In other news, VP Paige K. Robbins sold 3,840 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $312.66, for a total transaction of $1,200,614.40. Following the completion of the sale, the vice president now owns 15,033 shares in the company, valued at approximately $4,700,217.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.97% of the stock is currently owned by insiders.
Several research analysts recently weighed in on GWW shares. Royal Bank of Canada reissued a “sell” rating and issued a $241.00 target price on shares of W W Grainger in a research note on Monday, July 20th. JPMorgan Chase & Co. boosted their target price on shares of W W Grainger from $270.00 to $291.00 and gave the company a “neutral” rating in a research note on Tuesday, June 23rd. Robert W. Baird upped their price objective on shares of W W Grainger from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Longbow Research raised shares of W W Grainger from a “neutral” rating to a “buy” rating and set a $380.00 price objective for the company in a research note on Tuesday, June 2nd. Finally, Oppenheimer dropped their price objective on shares of W W Grainger from $335.00 to $325.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $329.75.
W W Grainger Company Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.
Further Reading: Profit margin is different from the revenue
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).
Receive News & Ratings for W W Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W W Grainger and related companies with MarketBeat.com's FREE daily email newsletter.