FSA Advisors Inc. acquired a new stake in W.W. Grainger, Inc. (NYSE:GWW – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 504 shares of the industrial products company’s stock, valued at approximately $685,000.
A number of other institutional investors also recently modified their holdings of GWW. Banco BTG Pactual S.A. acquired a new stake in shares of W.W. Grainger in the 4th quarter valued at $1,048,000. Bank of New York Mellon Corp acquired a new position in shares of W.W. Grainger during the second quarter valued at $324,824,000. Assenagon Asset Management S.A. lifted its stake in shares of W.W. Grainger by 1,353.1% during the second quarter. Assenagon Asset Management S.A. now owns 31,242 shares of the industrial products company’s stock valued at $42,502,000 after acquiring an additional 29,092 shares during the period. UBS Group AG boosted its holdings in W.W. Grainger by 11.6% in the fourth quarter. UBS Group AG now owns 180,990 shares of the industrial products company’s stock valued at $182,628,000 after acquiring an additional 18,868 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in W.W. Grainger in the second quarter valued at about $11,591,000. 80.70% of the stock is owned by institutional investors.
W.W. Grainger Stock Down 1.2%
Shares of W.W. Grainger stock opened at $1,319.67 on Friday. The business has a fifty day simple moving average of $1,344.10 and a 200 day simple moving average of $1,234.33. The stock has a market cap of $62.16 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 2.38 and a beta of 1.04. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.53. W.W. Grainger, Inc. has a 12 month low of $906.52 and a 12 month high of $1,419.91.
W.W. Grainger Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be issued a $2.49 dividend. This represents a $9.96 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, August 10th. W.W. Grainger’s dividend payout ratio is 25.40%.
Analyst Ratings Changes
A number of analysts recently commented on the company. DA Davidson lifted their price objective on W.W. Grainger from $1,250.00 to $1,260.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Wolfe Research raised shares of W.W. Grainger from an “underperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Morgan Stanley raised their target price on shares of W.W. Grainger from $1,300.00 to $1,400.00 and gave the company an “equal weight” rating in a research note on Monday. Weiss Ratings upgraded shares of W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Finally, Stephens downgraded shares of W.W. Grainger from an “overweight” rating to an “equal weight” rating and set a $1,355.00 price target for the company. in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, W.W. Grainger currently has an average rating of “Hold” and an average target price of $1,286.62.
View Our Latest Stock Report on GWW
About W.W. Grainger
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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