Investment House LLC decreased its position in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,559 shares of the industrial products company’s stock after selling 1,265 shares during the quarter. Investment House LLC’s holdings in W.W. Grainger were worth $9,646,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of GWW. Accredited Investors Inc. acquired a new position in shares of W.W. Grainger during the third quarter valued at $25,000. Ameriflex Group Inc. boosted its holdings in shares of W.W. Grainger by 211.1% during the third quarter. Ameriflex Group Inc. now owns 28 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 19 shares during the period. Harbor Investment Advisory LLC boosted its holdings in shares of W.W. Grainger by 314.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 29 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 22 shares during the period. Elyxium Wealth LLC acquired a new position in shares of W.W. Grainger during the fourth quarter valued at $30,000. Finally, State of Wyoming boosted its holdings in shares of W.W. Grainger by 650.0% during the second quarter. State of Wyoming now owns 45 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.
W.W. Grainger Stock Performance
GWW stock opened at $1,244.53 on Wednesday. The company has a market capitalization of $58.75 billion, a P/E ratio of 33.47, a PEG ratio of 2.34 and a beta of 1.04. The company has a 50-day simple moving average of $1,140.56 and a 200 day simple moving average of $1,074.34. W.W. Grainger, Inc. has a fifty-two week low of $906.52 and a fifty-two week high of $1,286.56. The company has a quick ratio of 1.60, a current ratio of 2.69 and a debt-to-equity ratio of 0.55.
W.W. Grainger Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be issued a $2.49 dividend. The ex-dividend date of this dividend is Monday, May 11th. This is an increase from W.W. Grainger’s previous quarterly dividend of $2.26. This represents a $9.96 annualized dividend and a yield of 0.8%. W.W. Grainger’s dividend payout ratio is currently 26.79%.
Insider Activity at W.W. Grainger
In related news, VP Laurie R. Thomson sold 313 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,231.69, for a total value of $385,518.97. Following the completion of the sale, the vice president owned 399 shares of the company’s stock, valued at $491,444.31. This represents a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Paige K. Robbins sold 1,457 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,232.29, for a total transaction of $1,795,446.53. Following the completion of the sale, the vice president directly owned 2,232 shares of the company’s stock, valued at $2,750,471.28. The trade was a 39.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 6,451 shares of company stock worth $7,380,743. 6.30% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several brokerages have recently issued reports on GWW. Weiss Ratings raised shares of W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Royal Bank Of Canada boosted their price target on shares of W.W. Grainger from $1,170.00 to $1,337.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Oppenheimer boosted their price target on shares of W.W. Grainger from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Sanford C. Bernstein boosted their price target on shares of W.W. Grainger from $1,052.00 to $1,125.00 and gave the company a “market perform” rating in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of W.W. Grainger from $1,100.00 to $1,165.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,199.13.
View Our Latest Stock Report on W.W. Grainger
W.W. Grainger Profile
W.W. Grainger, Inc (NYSE: GWW) is an industrial supply distributor founded in 1927 and headquartered in Lake Forest, Illinois. The company supplies maintenance, repair and operations (MRO) products and services to businesses, institutions and government customers. Over its long history Grainger has developed a broad product assortment and a national distribution network that supports operations across a range of end markets, including manufacturing, healthcare, hospitality, transportation and public sector organizations.
Grainger’s product portfolio spans core categories such as electrical and lighting, safety and personal protective equipment, material handling, motors and power transmission, plumbing and HVAC, fasteners and adhesives, hand and power tools, and janitorial and facility supplies.
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