Marble Wealth LLC bought a new position in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm bought 454 shares of the industrial products company’s stock, valued at approximately $458,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriflex Group Inc. lifted its holdings in W.W. Grainger by 211.1% during the 3rd quarter. Ameriflex Group Inc. now owns 28 shares of the industrial products company’s stock worth $27,000 after buying an additional 19 shares during the period. Harbor Investment Advisory LLC grew its stake in 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 worth $29,000 after purchasing an additional 22 shares during the period. Elyxium Wealth LLC acquired a new position in W.W. Grainger in the fourth quarter valued at approximately $30,000. State of Wyoming boosted its holdings in shares of W.W. Grainger by 650.0% during the 2nd quarter. State of Wyoming now owns 45 shares of the industrial products company’s stock worth $47,000 after buying an additional 39 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of W.W. Grainger during the 4th quarter worth approximately $57,000. 80.70% of the stock is owned by institutional investors and hedge funds.
W.W. Grainger Stock Performance
Shares of GWW opened at $1,285.87 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.60 and a current ratio of 2.69. The stock has a 50 day moving average price of $1,179.60 and a two-hundred day moving average price of $1,097.26. The firm has a market capitalization of $60.71 billion, a P/E ratio of 34.58, a P/E/G ratio of 2.35 and a beta of 1.04. W.W. Grainger, Inc. has a 52 week low of $906.52 and a 52 week high of $1,296.03.
W.W. Grainger Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were issued a dividend of $2.49 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $9.96 dividend on an annualized basis and a yield of 0.8%. This is an increase from W.W. Grainger’s previous quarterly dividend of $2.26. W.W. Grainger’s dividend payout ratio is presently 26.79%.
Analysts Set New Price Targets
Several analysts have recently commented on GWW shares. Sanford C. Bernstein raised their price objective on shares of W.W. Grainger from $1,052.00 to $1,125.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. raised their price objective on shares of W.W. Grainger from $1,100.00 to $1,165.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Weiss Ratings raised shares of W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Wall Street Zen raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, Morgan Stanley raised their price objective on shares of W.W. Grainger from $1,190.00 to $1,300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Three investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $1,212.88.
Read Our Latest Research Report on W.W. Grainger
Insider Buying and Selling
In other W.W. Grainger news, SVP Jonny M. Leroy sold 854 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,231.06, for a total transaction of $1,051,325.24. Following the completion of the sale, the senior vice president directly owned 1,554 shares of the company’s stock, valued at approximately $1,913,067.24. The trade was a 35.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Laurie R. Thomson sold 313 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,231.69, for a total value of $385,518.97. Following the sale, the vice president directly 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 6,451 shares of company stock valued at $7,380,743. Company insiders own 6.30% of the company’s stock.
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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