Azimuth Capital Investment Management LLC Purchases Shares of 595 W.W. Grainger, Inc. (NYSE:GWW)

Azimuth Capital Investment Management LLC purchased a new stake in W.W. Grainger, Inc. (NYSE:GWWGet Rating) in the second quarter, HoldingsChannel reports. The fund purchased 595 shares of the industrial products company’s stock, valued at approximately $270,000.

A number of other hedge funds also recently made changes to their positions in the business. Quent Capital LLC raised its stake in shares of W.W. Grainger by 7.2% in the 2nd quarter. Quent Capital LLC now owns 282 shares of the industrial products company’s stock valued at $128,000 after buying an additional 19 shares in the last quarter. V Wealth Advisors LLC raised its stake in shares of W.W. Grainger by 3.8% in the 2nd quarter. V Wealth Advisors LLC now owns 629 shares of the industrial products company’s stock valued at $286,000 after buying an additional 23 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of W.W. Grainger by 4.2% in the 2nd quarter. Park Avenue Securities LLC now owns 574 shares of the industrial products company’s stock valued at $261,000 after buying an additional 23 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of W.W. Grainger by 2.2% in the 1st quarter. Private Advisor Group LLC now owns 1,067 shares of the industrial products company’s stock valued at $550,000 after buying an additional 23 shares in the last quarter. Finally, McDonald Partners LLC raised its stake in shares of W.W. Grainger by 1.2% in the 2nd quarter. McDonald Partners LLC now owns 2,001 shares of the industrial products company’s stock valued at $909,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 71.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GWW. Stephens increased their price objective on shares of W.W. Grainger from $565.00 to $600.00 and gave the company an “equal weight” rating in a research note on Monday, August 1st. Wolfe Research cut shares of W.W. Grainger from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 14th. Robert W. Baird raised their price objective on shares of W.W. Grainger from $590.00 to $640.00 and gave the company an “outperform” rating in a research report on Monday, October 31st. StockNews.com assumed coverage on shares of W.W. Grainger in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. Finally, Morgan Stanley raised their price objective on shares of W.W. Grainger from $448.00 to $485.00 and gave the company an “underweight” rating in a research report on Monday, October 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, W.W. Grainger has a consensus rating of “Hold” and a consensus target price of $572.83.

W.W. Grainger Stock Down 0.2 %

Shares of NYSE GWW opened at $604.32 on Thursday. The firm has a market capitalization of $30.54 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 1.58 and a beta of 1.25. The company has a current ratio of 2.63, a quick ratio of 1.46 and a debt-to-equity ratio of 0.90. W.W. Grainger, Inc. has a 1 year low of $440.48 and a 1 year high of $612.06. The firm’s 50-day moving average is $543.52 and its 200-day moving average is $518.95.

W.W. Grainger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 14th will be paid a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, November 10th. W.W. Grainger’s payout ratio is 24.60%.

About W.W. Grainger

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W.W. Grainger, Inc operates as a supplier of maintenance, repair and operating products (MRO), with operations also in Europe, Asia and Latin America. It operates through two segments: United States and Canada. The United States segment offers a selection of MRO products and services through its eCommerce platforms, catalogs, branches and sales and service representatives.

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Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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