National Pension Service increased its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 10.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,522 shares of the industrial products company’s stock after buying an additional 5,117 shares during the period. National Pension Service owned about 0.10% of W.W. Grainger worth $10,115,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in W.W. Grainger by 1,509.4% in the first quarter. BlackRock Inc. now owns 3,417,297 shares of the industrial products company’s stock valued at $795,411,000 after buying an additional 3,204,962 shares in the last quarter. Wellington Management Group LLP bought a new stake in W.W. Grainger during the first quarter valued at $147,000,000. Renaissance Technologies LLC bought a new stake in W.W. Grainger during the first quarter valued at $69,991,000. Morgan Stanley raised its stake in W.W. Grainger by 167.5% in the first quarter. Morgan Stanley now owns 384,565 shares of the industrial products company’s stock valued at $89,511,000 after buying an additional 240,827 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in W.W. Grainger by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,438,209 shares of the industrial products company’s stock valued at $1,265,798,000 after buying an additional 192,967 shares in the last quarter. Institutional investors own 82.43% of the company’s stock.
W.W. Grainger, Inc. (NYSE:GWW) traded down 1.58% during trading on Monday, reaching $167.66. 296,505 shares of the company’s stock were exchanged. The stock has a market cap of $9.67 billion, a PE ratio of 19.33 and a beta of 0.74. W.W. Grainger, Inc. has a 12 month low of $160.29 and a 12 month high of $262.71. The firm has a 50 day moving average of $173.85 and a 200-day moving average of $209.15.
W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.65 by $0.09. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same period last year, the firm posted $2.89 earnings per share. W.W. Grainger’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that W.W. Grainger, Inc. will post $10.38 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be given a dividend of $1.28 per share. The ex-dividend date is Thursday, August 10th. This represents a $5.12 annualized dividend and a dividend yield of 3.01%. W.W. Grainger’s dividend payout ratio (DPR) is presently 59.12%.
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Several analysts have recently weighed in on GWW shares. Royal Bank Of Canada reiterated a “sell” rating and issued a $166.00 price objective (down previously from $209.00) on shares of W.W. Grainger in a research note on Wednesday, April 19th. Stephens set a $190.00 price target on shares of W.W. Grainger and gave the company a “hold” rating in a research report on Wednesday, April 19th. William Blair downgraded shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Monday, April 24th. Zacks Investment Research downgraded shares of W.W. Grainger from a “hold” rating to a “strong sell” rating in a research report on Friday, April 21st. Finally, Credit Suisse Group downgraded shares of W.W. Grainger from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $235.00 to $175.00 in a research report on Wednesday, April 19th. Five equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $180.33.
About W.W. Grainger
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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