National Pension Service raised 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 SEC. The firm 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 approximately 0.10% of W.W. Grainger worth $10,115,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Federated Investors Inc. PA raised its position in shares of W.W. Grainger by 46.4% in the fourth quarter. Federated Investors Inc. PA now owns 2,334 shares of the industrial products company’s stock worth $542,000 after buying an additional 740 shares during the last quarter. FMR LLC raised its position in W.W. Grainger by 11.5% in the fourth quarter. FMR LLC now owns 183,047 shares of the industrial products company’s stock valued at $42,512,000 after buying an additional 18,937 shares in the last quarter. Thrivent Financial for Lutherans raised its position in W.W. Grainger by 5.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,950 shares of the industrial products company’s stock valued at $453,000 after buying an additional 100 shares in the last quarter. Ibex Wealth Advisors bought a new position in W.W. Grainger during the fourth quarter valued at about $134,000. Finally, HighPoint Advisor Group LLC bought a new position in W.W. Grainger during the fourth quarter valued at about $206,000. 79.59% of the stock is owned by institutional investors.
W.W. Grainger, Inc. (NYSE:GWW) opened at 166.99 on Tuesday. W.W. Grainger, Inc. has a 12-month low of $160.29 and a 12-month high of $262.71. The firm has a market cap of $9.63 billion, a PE ratio of 19.25 and a beta of 0.74. The stock’s 50 day moving average price is $171.36 and its 200-day moving average price is $204.17.
W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.09. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.63 billion. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.89 EPS. Equities research analysts anticipate that W.W. Grainger, Inc. will post $10.38 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be paid a dividend of $1.28 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $5.12 dividend on an annualized basis and a yield of 3.07%. W.W. Grainger’s dividend payout ratio is presently 59.12%.
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A number of analysts have recently weighed in on the company. UBS AG restated a “neutral” rating and issued a $180.00 target price (down from $275.00) on shares of W.W. Grainger in a research note on Wednesday, May 24th. BidaskClub upgraded W.W. Grainger from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Northcoast Research assumed coverage on W.W. Grainger in a report on Tuesday, July 25th. They issued a “neutral” rating on the stock. Macquarie cut W.W. Grainger from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $286.00 to $200.00 in a report on Friday, May 26th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $174.00 target price (down previously from $202.50) on shares of W.W. Grainger in a report on Wednesday, July 12th. Five research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $180.33.
W.W. Grainger Company Profile
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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