National Bank of Canada FI cut its position in shares of W.W. Grainger, Inc. (NYSE:GWW – Get Rating) by 12.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,383 shares of the industrial products company’s stock after selling 354 shares during the quarter. National Bank of Canada FI’s holdings in W.W. Grainger were worth $1,220,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Regentatlantic Capital LLC boosted its position in shares of W.W. Grainger by 1.7% during the first quarter. Regentatlantic Capital LLC now owns 1,259 shares of the industrial products company’s stock valued at $649,000 after purchasing an additional 21 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in W.W. Grainger by 1.6% in the first quarter. Stratos Wealth Partners LTD. now owns 1,380 shares of the industrial products company’s stock worth $712,000 after acquiring an additional 22 shares in the last quarter. Grandeur Peak Global Advisors LLC boosted its holdings in W.W. Grainger by 0.7% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 3,649 shares of the industrial products company’s stock worth $1,891,000 after acquiring an additional 24 shares in the last quarter. HighTower Advisors LLC boosted its holdings in W.W. Grainger by 0.4% in the fourth quarter. HighTower Advisors LLC now owns 7,304 shares of the industrial products company’s stock worth $3,793,000 after acquiring an additional 27 shares in the last quarter. Finally, MAI Capital Management boosted its holdings in W.W. Grainger by 2.4% in the fourth quarter. MAI Capital Management now owns 1,171 shares of the industrial products company’s stock worth $607,000 after acquiring an additional 27 shares in the last quarter. 79.47% of the stock is currently owned by institutional investors.
W.W. Grainger Stock Up 2.7 %
W.W. Grainger stock opened at $556.02 on Friday. The stock has a market cap of $28.28 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.49 and a beta of 1.23. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.44 and a current ratio of 2.58. W.W. Grainger, Inc. has a one year low of $391.16 and a one year high of $556.44. The stock has a fifty day moving average of $480.53 and a 200 day moving average of $486.92.
W.W. Grainger (NYSE:GWW – Get Rating) last posted its quarterly earnings data on Friday, July 29th. The industrial products company reported $7.19 EPS for the quarter, beating analysts’ consensus estimates of $6.65 by $0.54. The company had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.69 billion. W.W. Grainger had a return on equity of 57.59% and a net margin of 9.23%. W.W. Grainger’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.27 earnings per share. As a group, sell-side analysts predict that W.W. Grainger, Inc. will post 28.03 EPS for the current year.
W.W. Grainger Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 8th will be given a $1.72 dividend. This represents a $6.88 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, August 5th. W.W. Grainger’s payout ratio is 27.14%.
Analysts Set New Price Targets
Several research firms have commented on GWW. Stephens boosted their target price on W.W. Grainger from $565.00 to $600.00 and gave the stock an “equal weight” rating in a report on Monday, August 1st. Robert W. Baird upped their price target on W.W. Grainger from $505.00 to $600.00 and gave the company an “outperform” rating in a report on Monday, August 1st. Royal Bank of Canada upped their price target on W.W. Grainger from $399.00 to $422.00 and gave the company an “underperform” rating in a report on Monday, August 1st. Morgan Stanley upped their price target on W.W. Grainger from $421.00 to $448.00 and gave the company an “underweight” rating in a report on Monday, August 1st. Finally, StockNews.com downgraded W.W. Grainger from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 16th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $518.57.
Insiders Place Their Bets
In other W.W. Grainger news, VP Paige K. Robbins sold 2,330 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $500.03, for a total value of $1,165,069.90. Following the completion of the sale, the vice president now owns 11,996 shares in the company, valued at $5,998,359.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 10.00% of the company’s stock.
About W.W. Grainger
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. It offers safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.
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