Nykredit A S bought a new position in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,126 shares of the industrial products company’s stock, valued at approximately $27,379,000.
Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its position in W.W. Grainger by 46.8% in the fourth quarter. Brighton Jones LLC now owns 320 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 102 shares during the period. Empowered Funds LLC raised its holdings in shares of W.W. Grainger by 18.0% in the 1st quarter. Empowered Funds LLC now owns 2,851 shares of the industrial products company’s stock valued at $2,816,000 after buying an additional 435 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in W.W. Grainger by 169.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,826 shares of the industrial products company’s stock worth $3,980,000 after acquiring an additional 2,407 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in W.W. Grainger during the 2nd quarter worth about $208,000. Finally, Sei Investments Co. boosted its holdings in W.W. Grainger by 35.2% during the 2nd quarter. Sei Investments Co. now owns 41,388 shares of the industrial products company’s stock valued at $43,051,000 after acquiring an additional 10,784 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.
W.W. Grainger Price Performance
Shares of NYSE GWW opened at $1,311.08 on Friday. The stock’s 50-day moving average is $1,339.59 and its two-hundred day moving average is $1,239.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.81 and a quick ratio of 1.70. W.W. Grainger, Inc. has a 1-year low of $906.52 and a 1-year high of $1,419.91. The company has a market cap of $61.75 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 2.28 and a beta of 1.03.
W.W. Grainger Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 10th were issued a $2.49 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $9.96 annualized dividend and a yield of 0.8%. W.W. Grainger’s dividend payout ratio (DPR) is 25.40%.
Analysts Set New Price Targets
Several research firms have weighed in on GWW. Morgan Stanley lifted their target price on W.W. Grainger from $1,300.00 to $1,400.00 and gave the company an “equal weight” rating in a research report on Monday, August 24th. Wall Street Zen raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Stephens cut shares of W.W. Grainger from an “overweight” rating to an “equal weight” rating and set a $1,355.00 price objective for the company. in a report on Tuesday, July 14th. Royal Bank Of Canada cut their target price on shares of W.W. Grainger from $1,460.00 to $1,428.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 5th. Finally, Oppenheimer increased their target price on shares of W.W. Grainger from $1,350.00 to $1,375.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,286.62.
View Our Latest Analysis 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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