W.W. Grainger, Inc. (NYSE:GWW) Shares Acquired by Retirement Planning Group LLC
by Michael Walen · The Markets DailyRetirement Planning Group LLC increased its position in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 6.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213 shares of the industrial products company’s stock after acquiring an additional 13 shares during the period. Retirement Planning Group LLC’s holdings in W.W. Grainger were worth $210,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of GWW. GAMMA Investing LLC grew its holdings in shares of W.W. Grainger by 100,843.0% in the 1st quarter. GAMMA Investing LLC now owns 692,469 shares of the industrial products company’s stock worth $684,042,000 after acquiring an additional 691,783 shares during the period. Norges Bank purchased a new stake in W.W. Grainger in the 4th quarter valued at approximately $535,910,000. Raymond James Financial Inc. purchased a new stake in W.W. Grainger in the 4th quarter valued at approximately $267,529,000. Proficio Capital Partners LLC purchased a new stake in W.W. Grainger in the 4th quarter valued at approximately $175,000. Finally, Invesco Ltd. lifted its stake in W.W. Grainger by 28.9% in the 4th quarter. Invesco Ltd. now owns 514,326 shares of the industrial products company’s stock valued at $542,126,000 after buying an additional 115,290 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.
Insider Buying and Selling
In related news, VP Krantz Nancy L. Berardinelli sold 280 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $1,075.20, for a total value of $301,056.00. Following the completion of the sale, the vice president now directly owns 3,369 shares in the company, valued at approximately $3,622,348.80. This represents a 7.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Deidra C. Merriwether sold 1,164 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $997.12, for a total value of $1,160,647.68. Following the completion of the sale, the chief financial officer now owns 10,235 shares of the company’s stock, valued at approximately $10,205,523.20. This represents a 10.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,205 shares of company stock valued at $2,255,320. 6.10% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on GWW shares. JPMorgan Chase & Co. upped their target price on W.W. Grainger from $1,100.00 to $1,125.00 and gave the company a “neutral” rating in a research note on Tuesday, May 27th. Royal Bank of Canada upped their target price on W.W. Grainger from $1,097.00 to $1,144.00 and gave the company a “sector perform” rating in a research note on Friday, May 2nd. William Blair raised W.W. Grainger from a “market perform” rating to an “outperform” rating in a research note on Monday, March 10th. Finally, Wolfe Research lowered W.W. Grainger from a “peer perform” rating to an “underperform” rating and set a $966.00 target price on the stock. in a research note on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, W.W. Grainger has a consensus rating of “Hold” and a consensus target price of $1,123.13.
Get Our Latest Analysis on GWW
W.W. Grainger Trading Up 0.7%
Shares of W.W. Grainger stock opened at $1,083.54 on Friday. W.W. Grainger, Inc. has a fifty-two week low of $874.98 and a fifty-two week high of $1,227.66. The firm has a market cap of $52.05 billion, a PE ratio of 27.99, a P/E/G ratio of 2.70 and a beta of 1.24. The business’s fifty day moving average is $1,030.08 and its two-hundred day moving average is $1,057.73. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62.
W.W. Grainger (NYSE:GWW – Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $9.86 earnings per share for the quarter, topping analysts’ consensus estimates of $9.51 by $0.35. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.31 billion. W.W. Grainger had a return on equity of 52.43% and a net margin of 11.12%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.62 EPS. Analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.
W.W. Grainger Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Monday, May 12th were given a $2.26 dividend. This is a positive change from W.W. Grainger’s previous quarterly dividend of $2.05. This represents a $9.04 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Monday, May 12th. W.W. Grainger’s dividend payout ratio (DPR) is 23.21%.
About W.W. Grainger
W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.
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