MAI Capital Management Boosts Stock Position in W.W. Grainger, Inc. (NYSE:GWW)

MAI Capital Management grew its stake in W.W. Grainger, Inc. (NYSE:GWWGet Rating) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,171 shares of the industrial products company’s stock after purchasing an additional 27 shares during the period. MAI Capital Management’s holdings in W.W. Grainger were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in shares of W.W. Grainger in the fourth quarter valued at about $33,000. Sandy Cove Advisors LLC purchased a new position in W.W. Grainger in the fourth quarter worth approximately $43,000. Whittier Trust Co. of Nevada Inc. grew its position in W.W. Grainger by 100.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 86 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 43 shares during the period. Atticus Wealth Management LLC purchased a new position in W.W. Grainger in the fourth quarter worth approximately $53,000. Finally, Confluence Wealth Services Inc. purchased a new position in W.W. Grainger in the fourth quarter worth approximately $59,000. Institutional investors and hedge funds own 79.47% of the company’s stock.

GWW stock opened at $464.54 on Friday. W.W. Grainger, Inc. has a twelve month low of $391.16 and a twelve month high of $529.91. The company has a market capitalization of $23.74 billion, a P/E ratio of 20.71, a PEG ratio of 1.37 and a beta of 1.19. The business has a 50 day simple moving average of $498.34 and a 200-day simple moving average of $494.05. The company has a current ratio of 2.55, a quick ratio of 1.44 and a debt-to-equity ratio of 0.99.

W.W. Grainger (NYSE:GWWGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The industrial products company reported $7.07 earnings per share for the quarter, topping the consensus estimate of $6.16 by $0.91. W.W. Grainger had a return on equity of 53.07% and a net margin of 8.58%. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the company earned $4.48 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Research analysts predict that W.W. Grainger, Inc. will post 26.27 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Monday, May 9th will be given a $1.72 dividend. The ex-dividend date of this dividend is Friday, May 6th. This represents a $6.88 dividend on an annualized basis and a yield of 1.48%. This is an increase from W.W. Grainger’s previous quarterly dividend of $1.62. W.W. Grainger’s dividend payout ratio (DPR) is presently 30.67%.

In related news, VP Laurie R. Thomson sold 276 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $492.05, for a total value of $135,805.80. Following the completion of the transaction, the vice president now directly owns 1,928 shares of the company’s stock, valued at approximately $948,672.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John L. Howard sold 1,732 shares of the business’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $509.24, for a total value of $882,003.68. Following the sale, the vice president now owns 20,567 shares in the company, valued at $10,473,539.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,762 shares of company stock valued at $7,252,245. 10.00% of the stock is owned by insiders.

Several research analysts have weighed in on the stock. Oppenheimer increased their target price on shares of W.W. Grainger from $535.00 to $580.00 and gave the stock an “outperform” rating in a research note on Friday, February 4th. StockNews.com raised shares of W.W. Grainger from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 12th. Morgan Stanley lowered W.W. Grainger from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $562.00 to $480.00 in a research report on Thursday, April 14th. Wolfe Research upgraded W.W. Grainger from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, April 6th. Finally, Stephens raised their price objective on shares of W.W. Grainger from $510.00 to $565.00 in a research note on Monday, May 2nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $517.89.

W.W. Grainger Company Profile (Get Rating)

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. It offers safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.

Read More

Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.W. Grainger, Inc. (NYSE:GWWGet Rating).

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

Receive News & Ratings for W.W. Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.W. Grainger and related companies with MarketBeat.com's FREE daily email newsletter.