WINTON GROUP Ltd purchased a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 562 shares of the industrial products company’s stock, valued at approximately $567,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriflex Group Inc. raised its position in W.W. Grainger by 211.1% during the 3rd quarter. Ameriflex Group Inc. now owns 28 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 19 shares during the last quarter. Harbor Investment Advisory LLC raised its position in W.W. Grainger by 314.3% during the 4th 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. Elyxium Wealth LLC bought a new position in W.W. Grainger during the 4th quarter valued at approximately $30,000. State of Wyoming raised its position in W.W. Grainger by 650.0% during the 2nd quarter. State of Wyoming now owns 45 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 39 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in W.W. Grainger during the 4th quarter valued at approximately $57,000. Institutional investors own 80.70% of the company’s stock.
W.W. Grainger Stock Down 0.8%
Shares of NYSE:GWW opened at $1,319.42 on Thursday. W.W. Grainger, Inc. has a 52-week low of $906.52 and a 52-week high of $1,349.74. The firm has a market capitalization of $62.29 billion, a P/E ratio of 35.49, a P/E/G ratio of 2.46 and a beta of 1.04. The stock has a 50 day moving average price of $1,204.10 and a 200-day moving average price of $1,110.83. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.60 and a current ratio of 2.69.
W.W. Grainger Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were given a $2.49 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $9.96 annualized dividend and a dividend yield of 0.8%. This is an increase from W.W. Grainger’s previous quarterly dividend of $2.26. W.W. Grainger’s dividend payout ratio is currently 26.79%.
Analyst Ratings Changes
A number of research analysts have commented on the company. Royal Bank Of Canada upped their price target on W.W. Grainger from $1,170.00 to $1,337.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Barclays upped their price target on W.W. Grainger from $1,047.00 to $1,171.00 and gave the company an “underweight” rating in a research report on Tuesday, May 12th. Stephens upped their price target on W.W. Grainger from $1,300.00 to $1,355.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Morgan Stanley upped their price target on W.W. Grainger from $1,190.00 to $1,300.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings raised 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, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,212.88.
Get Our Latest Stock Report on GWW
Insider Transactions at W.W. Grainger
In other news, CFO Deidra C. Merriwether sold 2,339 shares of the 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 transaction, the chief financial officer owned 10,235 shares of the company’s stock, valued at approximately $10,897,511.55. This represents a 18.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Laurie R. Thomson sold 313 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,231.69, for a total value of $385,518.97. Following the completion of the sale, the vice president owned 399 shares in the company, valued at $491,444.31. The trade was a 43.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,451 shares of company stock worth $7,380,743 over the last 90 days. 6.30% of the stock is currently owned by insiders.
W.W. Grainger Company Profile
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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