Riverhead Capital Management LLC decreased its holdings in W W Grainger Inc (NYSE:GWW) by 69.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,767 shares of the industrial products company’s stock after selling 6,351 shares during the quarter. Riverhead Capital Management LLC’s holdings in W W Grainger were worth $742,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of GWW. Comerica Securities Inc. boosted its position in shares of W W Grainger by 11.6% in the fourth quarter. Comerica Securities Inc. now owns 2,024 shares of the industrial products company’s stock worth $571,000 after acquiring an additional 210 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in W W Grainger by 14.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 329,535 shares of the industrial products company’s stock worth $93,049,000 after purchasing an additional 40,688 shares during the period. Geode Capital Management LLC raised its stake in W W Grainger by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 698,700 shares of the industrial products company’s stock worth $196,990,000 after purchasing an additional 24,362 shares during the period. First Republic Investment Management Inc. boosted its holdings in shares of W W Grainger by 8.5% in the 1st quarter. First Republic Investment Management Inc. now owns 1,236 shares of the industrial products company’s stock valued at $372,000 after purchasing an additional 97 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of W W Grainger by 14.2% in the 1st quarter. Victory Capital Management Inc. now owns 10,965 shares of the industrial products company’s stock valued at $3,300,000 after purchasing an additional 1,364 shares during the last quarter. 72.75% of the stock is owned by institutional investors.
A number of analysts have recently commented on the company. Buckingham Research upped their price objective on W W Grainger from $291.00 to $295.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Gabelli reaffirmed a “hold” rating on shares of W W Grainger in a research report on Friday, July 26th. Zacks Investment Research upgraded W W Grainger from a “sell” rating to a “hold” rating and set a $315.00 target price on the stock in a report on Friday, July 26th. Atlantic Securities downgraded W W Grainger from a “neutral” rating to an “underweight” rating in a research report on Friday, June 21st. Finally, ValuEngine upgraded W W Grainger from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $295.18.
Shares of GWW stock traded up $1.41 during mid-day trading on Wednesday, reaching $292.14. The company’s stock had a trading volume of 10,369 shares, compared to its average volume of 318,347. The company’s 50 day simple moving average is $276.36 and its 200-day simple moving average is $281.85. W W Grainger Inc has a 12-month low of $255.09 and a 12-month high of $361.54. The company has a quick ratio of 1.32, a current ratio of 2.38 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $15.60 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93.
W W Grainger (NYSE:GWW) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.64 earnings per share for the quarter, missing analysts’ consensus estimates of $4.65 by ($0.01). W W Grainger had a return on equity of 46.27% and a net margin of 7.32%. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the company posted $4.37 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, research analysts anticipate that W W Grainger Inc will post 17.66 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Monday, August 12th were paid a dividend of $1.44 per share. This represents a $5.76 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, August 9th. W W Grainger’s dividend payout ratio is presently 34.49%.
In other W W Grainger news, VP Eric R. Tapia sold 180 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $272.58, for a total transaction of $49,064.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.50% of the company’s stock.
W W Grainger Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.
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