Railway Pension Investments Ltd lessened its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,048 shares of the industrial products company’s stock after selling 1,160 shares during the period. Railway Pension Investments Ltd owned 0.11% of W.W. Grainger worth $73,527,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oarsman Capital Inc. grew its holdings in shares of W.W. Grainger by 4.8% during the second quarter. Oarsman Capital Inc. now owns 2,342 shares of the industrial products company’s stock worth $3,186,000 after purchasing an additional 108 shares during the last quarter. Ancora Advisors LLC grew its stake in W.W. Grainger by 18.8% during the 2nd quarter. Ancora Advisors LLC now owns 259 shares of the industrial products company’s stock worth $352,000 after buying an additional 41 shares during the last quarter. Moore Capital Management LP increased its position in W.W. Grainger by 1,611.2% during the second quarter. Moore Capital Management LP now owns 3,217 shares of the industrial products company’s stock worth $4,376,000 after buying an additional 3,029 shares during the period. Alyeska Investment Group L.P. lifted its stake in W.W. Grainger by 46.4% in the second quarter. Alyeska Investment Group L.P. now owns 30,865 shares of the industrial products company’s stock valued at $41,989,000 after buying an additional 9,776 shares during the last quarter. Finally, Wedbush Securities Inc. grew its position in shares of W.W. Grainger by 0.4% during the second quarter. Wedbush Securities Inc. now owns 2,358 shares of the industrial products company’s stock worth $3,208,000 after acquiring an additional 9 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.
W.W. Grainger Stock Performance
W.W. Grainger stock opened at $1,311.04 on Tuesday. The firm has a market capitalization of $61.75 billion, a P/E ratio of 33.43, a PEG ratio of 2.32 and a beta of 1.04. The stock has a fifty day moving average price of $1,342.26 and a 200 day moving average price of $1,236.01. W.W. Grainger, Inc. has a 52 week low of $906.52 and a 52 week high of $1,419.91. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.53.
W.W. Grainger Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be given a dividend of $2.49 per share. This represents a $9.96 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, August 10th. W.W. Grainger’s payout ratio is 25.40%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Wolfe Research raised W.W. Grainger from an “underperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Wall Street Zen upgraded shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Royal Bank Of Canada lowered their target price on shares of W.W. Grainger from $1,460.00 to $1,428.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th. Barclays upped their price target on shares of W.W. Grainger from $1,166.00 to $1,185.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 11th. Finally, DA Davidson boosted their target price 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. Two 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 company’s stock. According to MarketBeat, W.W. Grainger presently has an average rating of “Hold” and a consensus target price of $1,286.62.
View Our Latest Research 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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