Tobam lifted its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 3,283.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,658 shares of the industrial products company’s stock after purchasing an additional 1,609 shares during the period. Tobam’s holdings in W.W. Grainger were worth $1,673,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Miller Capital Partners Inc. purchased a new position in W.W. Grainger in the fourth quarter valued at about $26,000. Ameriflex Group Inc. raised its holdings in shares of W.W. Grainger by 211.1% in the 3rd quarter. Ameriflex Group Inc. now owns 28 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 19 shares during the period. MV Capital Management Inc. purchased a new position in W.W. Grainger in the fourth quarter valued at approximately $28,000. Harbor Investment Advisory LLC lifted its stake in W.W. Grainger by 314.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 29 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 22 shares during the last quarter. Finally, Elyxium Wealth LLC bought a new position in W.W. Grainger during the fourth quarter valued at $30,000. Institutional investors own 80.70% of the company’s stock.
W.W. Grainger Stock Down 0.0%
GWW stock opened at $1,364.88 on Friday. The company’s 50 day moving average is $1,234.04 and its 200 day moving average is $1,128.54. The stock has a market cap of $64.44 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 2.52 and a beta of 1.04. The company has a current ratio of 2.69, a quick ratio of 1.60 and a debt-to-equity ratio of 0.55. W.W. Grainger, Inc. has a 1-year low of $906.52 and a 1-year high of $1,365.42.
W.W. Grainger Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were given a $2.49 dividend. This represents a $9.96 annualized dividend and a yield of 0.7%. This is a boost from W.W. Grainger’s previous quarterly dividend of $2.26. The ex-dividend date was Monday, May 11th. W.W. Grainger’s dividend payout ratio (DPR) is presently 26.79%.
Insider Transactions at W.W. Grainger
In related news, CFO Deidra C. Merriwether sold 2,339 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $1,064.73, for a total value of $2,490,403.47. Following the completion of the sale, the chief financial officer owned 10,235 shares in the company, valued at $10,897,511.55. The trade was a 18.60% decrease in their position. The transaction was disclosed in a filing 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 on Tuesday, May 12th. The shares were 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. This trade represents a 39.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,451 shares of company stock worth $7,380,743 in the last three months. Insiders own 6.30% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on GWW. Barclays increased their price target on W.W. Grainger from $1,047.00 to $1,171.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 12th. DA Davidson began coverage on shares of W.W. Grainger in a report on Tuesday. They set a “neutral” rating and a $1,250.00 price objective on the stock. Royal Bank Of Canada increased their target price on shares of W.W. Grainger from $1,170.00 to $1,337.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Sanford C. Bernstein lifted their target price 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 note on Tuesday, April 21st. Finally, 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. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, W.W. Grainger presently has an average rating of “Hold” and a consensus target price of $1,217.00.
Get Our Latest Stock Report on GWW
About W.W. Grainger
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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