Forsta AP Fonden lifted its position in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 26.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,540 shares of the industrial products company’s stock after buying an additional 4,540 shares during the period. Forsta AP Fonden’s holdings in W.W. Grainger were worth $21,735,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in GWW. Ameriflex Group Inc. increased its holdings in shares of W.W. Grainger by 211.1% during the 3rd quarter. Ameriflex Group Inc. now owns 28 shares of the industrial products company’s stock worth $27,000 after buying an additional 19 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of 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 worth $29,000 after buying an additional 22 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in shares of W.W. Grainger during the 4th quarter worth $30,000. State of Wyoming increased its holdings in shares of W.W. Grainger by 650.0% during the 2nd quarter. State of Wyoming now owns 45 shares of the industrial products company’s stock worth $47,000 after buying an additional 39 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of W.W. Grainger during the 4th quarter worth $57,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.
W.W. Grainger Stock Down 1.1%
Shares of W.W. Grainger stock opened at $1,234.01 on Friday. The company has a fifty day moving average price of $1,166.47 and a 200 day moving average price of $1,089.45. The company has a current ratio of 2.69, a quick ratio of 1.60 and a debt-to-equity ratio of 0.55. W.W. Grainger, Inc. has a twelve month low of $906.52 and a twelve month high of $1,286.56. The stock has a market cap of $58.26 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04.
W.W. Grainger Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be given a $2.49 dividend. 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, May 11th. 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 Upgrades and Downgrades
GWW has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on W.W. Grainger from $1,190.00 to $1,300.00 and gave the stock an “equal weight” rating in a report on Wednesday. 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 report on Friday, February 6th. Sanford C. Bernstein upped their price objective on W.W. Grainger from $1,052.00 to $1,125.00 and gave the stock a “market perform” rating in a report on Tuesday, April 21st. Barclays upped their price target on shares of W.W. Grainger from $1,047.00 to $1,171.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings raised shares of W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, W.W. Grainger currently has an average rating of “Hold” and an average target price of $1,212.88.
Read Our Latest Stock Report on W.W. Grainger
Insider Activity
In other W.W. Grainger news, SVP Jonny M. Leroy sold 854 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,231.06, for a total value of $1,051,325.24. Following the completion of the transaction, the senior vice president directly owned 1,554 shares of the company’s stock, valued at $1,913,067.24. This represents a 35.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Paige K. Robbins sold 1,457 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were 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 approximately $2,750,471.28. The trade was a 39.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 6,451 shares of company stock valued at $7,380,743. Corporate insiders own 6.30% of the company’s stock.
W.W. Grainger 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.
Read More
- Five stocks we like better than W.W. Grainger
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.W. Grainger, Inc. (NYSE:GWW – Free Report).
Receive News & Ratings for W.W. Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.W. Grainger and related companies with MarketBeat.com's FREE daily email newsletter.
