Bleakley Financial Group LLC acquired a new position in shares of WW Grainger, Inc. (NYSE:GWW – Get Rating) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 695 shares of the industrial products company’s stock, valued at approximately $387,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management boosted its holdings in WW Grainger by 220.0% in the 4th quarter. Spire Wealth Management now owns 48 shares of the industrial products company’s stock valued at $27,000 after buying an additional 33 shares in the last quarter. Trifecta Capital Advisors LLC purchased a new stake in WW Grainger in the 4th quarter valued at approximately $28,000. Boyd Watterson Asset Management LLC OH purchased a new stake in WW Grainger in the 4th quarter valued at approximately $31,000. Fairfield Bush & CO. purchased a new stake in WW Grainger during the first quarter valued at approximately $30,000. Finally, Almanack Investment Partners LLC. purchased a new stake in WW Grainger during the 3rd quarter valued at approximately $31,000. 71.76% of the stock is currently owned by hedge funds and other institutional investors.
WW Grainger Trading up 1.2%
Shares of GWW stock opened at $675.51 on Monday. The company has a debt-to-equity ratio of 0.75, a quick earnings ratio of 1.53 and a current ratio of 2.70. WW Grainger, Inc. has a 1-year low of $440.48 and a 1-year high of $709.21. The stock has a fifty day moving average of $672.63 and a two hundred day moving average of $620.15. The firm has a market cap of $33.89 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19.
WW Grainger (NYSE:GWW – Get Rating ) last announced its quarterly earnings results on Thursday, April 27th. The industrial products company reported $9.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.57 by $1.04. WW Grainger had a return on equity of 61.00% and a net margin of 10.65%. The company had revenue of $4.09 billion during the quarter, compared to analysts’ estimates of $4.08 billion. In the same quarter last year, the firm reported $7.07 EPS. The company’s quarterly revenue increased by 12.2% year over year. As a group, analysts expect WW Grainger, Inc. to post 35.89 EPS for the current year.
WW Grainger increases dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 8th will be given a $1.86 dividend. This is a positive change from WW Grainger’s previous quarterly dividend of $1.72. The ex-dividend date of this dividend is Friday, May 5th. This represents a $7.44 annual dividend and a dividend yield of 1.10%. WW Grainger’s dividend payout ratio is 21.10%.
Analysts set new price targets
A number of equities analysts recently weighed in on the company. Oppenheimer boosted their price objective on WW Grainger from $785.00 to $800.00 in a report on Friday, April 28th. UBS Group upped their target price on WW Grainger from $800.00 to $815.00 in a report on Friday, April 28th. StockNews.com started coverage on WW Grainger in a research report on Thursday, March 16th. They assign a “buy” rating to the company. 92 Resources reaffirmed a “hold” rating on shares of WW Grainger in a research report on Friday, April 28th. Finally, Loop Capital boosted their price objective on WW Grainger from $750.00 to $800.00 in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $704.88, based on data from MarketBeat.com.
Internal activity
In other news, VP Lori R. Thomson sold 476 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $683.74, for a total value of $325,460.24. Following the completion of the sale, the vice president now owns 1,731 shares in the company, valued at $1,183,553.94. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Kathleen S. Carroll sold 1,690 shares of the company’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $671.56, for a total value of $1,134,936.40. Following the completion of the sale, the senior vice president now owns 3,275 shares in the company, valued at $2,199,359. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Lori R. Thomson sold 476 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $683.74, for a total value of $325,460.24. Following the completion of the sale, the vice president now owns 1,731 shares of the company’s stock, valued at approximately $1,183,553.94. Disclosure of this sale can be found here. Insiders have sold a total of 55,910 shares of company stock valued at $38,640,777 over the last 90 days. 9.90% of shares are currently owned by company insiders.
About WW Grainger
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WW Grainger, Inc is a supplier of maintenance, repair and operation products with operations in North America, Japan and the United Kingdom. It operates through the following segments: High-Touch Solutions NA, Endless Assortment and Other. The High-Touch Solutions NA segment engages in value-added MRO solutions that are rooted in deep product knowledge and customer experience.
More information
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