Eurizon SLJ Capital Ltd bought a new stake in W.W. Grainger, Inc. (NYSE:GWW – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,538 shares of the industrial products company’s stock, valued at approximately $4,579,000. W.W. Grainger comprises about 1.8% of Eurizon SLJ Capital Ltd’s holdings, making the stock its 19th largest position.
A number of other large investors have also recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. purchased a new stake in W.W. Grainger in the fourth quarter valued at approximately $10,318,000. Fideuram Asset Management Ireland dac purchased a new stake in W.W. Grainger in the fourth quarter valued at approximately $3,986,000. National Pension Service boosted its position in W.W. Grainger by 4.3% in the fourth quarter. National Pension Service now owns 62,742 shares of the industrial products company’s stock valued at $63,310,000 after buying an additional 2,578 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in W.W. Grainger by 2.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,299 shares of the industrial products company’s stock valued at $1,311,000 after buying an additional 32 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in W.W. Grainger by 10.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 272 shares of the industrial products company’s stock valued at $275,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.
W.W. Grainger Trading Down 1.1%
W.W. Grainger stock opened at $1,234.01 on Friday. The company has a current ratio of 2.69, a quick ratio of 1.60 and a debt-to-equity ratio of 0.55. The firm has a market cap of $58.26 billion, a PE ratio of 33.19, a P/E/G ratio of 2.31 and a beta of 1.04. The stock’s 50 day simple moving average is $1,166.47 and its two-hundred day simple moving average is $1,089.45. W.W. Grainger, Inc. has a 12 month low of $906.52 and a 12 month high of $1,286.56.
W.W. Grainger Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be paid a dividend of $2.49 per share. This represents a $9.96 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, May 11th. This is a positive change 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 brokerages recently commented on GWW. Sanford C. Bernstein upped their target price on W.W. Grainger from $1,052.00 to $1,125.00 and gave the company a “market perform” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. upped their price objective on W.W. Grainger from $1,100.00 to $1,165.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Oppenheimer upped their price objective on W.W. Grainger from $1,250.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Wall Street Zen upgraded W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, Stephens upped their price objective on W.W. Grainger from $1,300.00 to $1,355.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, W.W. Grainger presently has a consensus rating of “Hold” and an average target price of $1,212.88.
View Our Latest Stock Analysis on W.W. Grainger
Insiders Place Their Bets
In other news, VP Paige K. Robbins sold 1,457 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,232.29, for a total transaction of $1,795,446.53. Following the completion of the transaction, the vice president directly owned 2,232 shares of the company’s stock, valued at $2,750,471.28. This represents a 39.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction, the vice president directly owned 399 shares of the company’s stock, valued at approximately $491,444.31. The trade was a 43.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 6,451 shares of company stock valued at $7,380,743. Corporate insiders own 6.30% of the company’s stock.
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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