Menard Financial Group LLC Has $733,000 Position in W.W. Grainger, Inc. (NYSE:GWW)

Menard Financial Group LLC grew its position in W.W. Grainger, Inc. (NYSE:GWWGet Rating) by 9.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,421 shares of the industrial products company’s stock after buying an additional 118 shares during the quarter. Menard Financial Group LLC’s holdings in W.W. Grainger were worth $733,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. State Street Corp raised its position in shares of W.W. Grainger by 3.4% in the 4th quarter. State Street Corp now owns 2,312,747 shares of the industrial products company’s stock valued at $1,198,558,000 after buying an additional 76,183 shares in the last quarter. Bank of America Corp DE raised its position in shares of W.W. Grainger by 4.6% in the 4th quarter. Bank of America Corp DE now owns 897,222 shares of the industrial products company’s stock valued at $464,975,000 after buying an additional 39,679 shares in the last quarter. Geode Capital Management LLC raised its position in shares of W.W. Grainger by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 859,371 shares of the industrial products company’s stock valued at $444,380,000 after buying an additional 58,449 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of W.W. Grainger by 12.1% in the 4th quarter. Nuveen Asset Management LLC now owns 633,138 shares of the industrial products company’s stock valued at $328,118,000 after buying an additional 68,577 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of W.W. Grainger in the 4th quarter valued at approximately $214,942,000. Institutional investors own 79.47% of the company’s stock.

GWW opened at $455.17 on Wednesday. W.W. Grainger, Inc. has a fifty-two week low of $391.16 and a fifty-two week high of $529.91. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.55 and a quick ratio of 1.44. The firm has a market capitalization of $23.26 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.35 and a beta of 1.18. The company’s 50 day moving average price is $475.12 and its two-hundred day moving average price is $489.55.

W.W. Grainger (NYSE:GWWGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The industrial products company reported $7.07 EPS for the quarter, beating analysts’ consensus estimates of $6.16 by $0.91. W.W. Grainger had a net margin of 8.58% and a return on equity of 53.07%. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period in the prior year, the firm posted $4.48 EPS. The company’s quarterly revenue was up 18.3% on a year-over-year basis. As a group, equities research analysts predict that W.W. Grainger, Inc. will post 26.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Monday, May 9th were paid a $1.72 dividend. This is a positive change from W.W. Grainger’s previous quarterly dividend of $1.62. This represents a $6.88 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Friday, May 6th. W.W. Grainger’s dividend payout ratio is currently 30.67%.

In related news, CEO Donald G. Macpherson sold 12,266 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $488.83, for a total transaction of $5,995,988.78. Following the transaction, the chief executive officer now owns 72,888 shares in the company, valued at approximately $35,629,841.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Laurie R. Thomson sold 276 shares of the business’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $492.05, for a total transaction of $135,805.80. Following the transaction, the vice president now owns 1,928 shares in the company, valued at approximately $948,672.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,030 shares of company stock worth $6,370,241. Insiders own 10.00% of the company’s stock.

A number of research firms recently issued reports on GWW. Atlantic Securities upgraded shares of W.W. Grainger from a “neutral” rating to an “overweight” rating and set a $580.00 price objective for the company in a research report on Tuesday, March 15th. Wolfe Research upgraded shares of W.W. Grainger from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, April 6th. StockNews.com cut shares of W.W. Grainger from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 16th. Morgan Stanley lowered their price objective on shares of W.W. Grainger from $474.00 to $449.00 and set an “underweight” rating for the company in a research report on Tuesday, May 31st. Finally, Stephens upped their price objective on shares of W.W. Grainger from $510.00 to $565.00 in a research report on Monday, May 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $511.38.

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.

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

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