Wagner Bowman Management Corp lowered its position in W.W. Grainger, Inc. (NYSE:GWW) by 23.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,660 shares of the industrial products company’s stock after selling 500 shares during the period. Wagner Bowman Management Corp’s holdings in W.W. Grainger were worth $299,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of W.W. Grainger by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,438,209 shares of the industrial products company’s stock worth $1,265,798,000 after buying an additional 192,967 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in W.W. Grainger by 6.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 10,020 shares of the industrial products company’s stock valued at $2,332,000 after buying an additional 599 shares during the period. Princeton Alpha Management LP acquired a new position in W.W. Grainger during the first quarter valued at $393,000. First Business Financial Services Inc. boosted its position in W.W. Grainger by 21.4% in the first quarter. First Business Financial Services Inc. now owns 2,000 shares of the industrial products company’s stock valued at $466,000 after buying an additional 353 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in W.W. Grainger by 134.7% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 22,793 shares of the industrial products company’s stock valued at $5,305,000 after buying an additional 13,083 shares during the period. Hedge funds and other institutional investors own 82.43% of the company’s stock.
W.W. Grainger, Inc. (GWW) traded up 0.18% on Friday, hitting $163.82. The company had a trading volume of 485,475 shares. The stock has a market capitalization of $9.45 billion, a PE ratio of 18.88 and a beta of 0.74. W.W. Grainger, Inc. has a one year low of $160.29 and a one year high of $262.71. The stock has a 50 day moving average of $171.63 and a 200-day moving average of $205.48.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.09. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.63 billion. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. W.W. Grainger’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the business posted $2.89 earnings per share. Equities analysts anticipate that W.W. Grainger, Inc. will post $10.38 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Thursday, August 10th. W.W. Grainger’s payout ratio is 59.12%.
Several equities analysts have recently weighed in on the company. Northcoast Research assumed coverage on W.W. Grainger in a report on Tuesday, July 25th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded W.W. Grainger from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Morgan Stanley cut their target price on W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating on the stock in a research note on Thursday, July 20th. Credit Suisse Group restated an “underperform” rating and issued a $150.00 target price (down previously from $175.00) on shares of W.W. Grainger in a research note on Thursday, July 20th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $174.00 target price (down previously from $202.50) on shares of W.W. Grainger in a research note on Wednesday, July 12th. Five analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $180.33.
About W.W. Grainger
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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