Duncker Streett & Co. Inc. grew its position in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 154.3% in the 1st quarter, HoldingsChannel reports. The firm owned 712 shares of the industrial products company’s stock after acquiring an additional 432 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in W.W. Grainger were worth $777,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Miller Capital Partners Inc. purchased a new stake in shares of W.W. Grainger in the 4th quarter valued at $26,000. Ameriflex Group Inc. raised its position in W.W. Grainger by 211.1% in the 3rd quarter. Ameriflex Group Inc. now owns 28 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 19 shares during the period. MV Capital Management Inc. bought a new stake in W.W. Grainger in the fourth quarter worth $28,000. Harbor Investment Advisory LLC boosted its position in W.W. Grainger by 314.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 29 shares of the industrial products company’s stock valued at $29,000 after buying an additional 22 shares during the period. Finally, Elyxium Wealth LLC purchased a new stake in W.W. Grainger during the fourth quarter valued at about $30,000. 80.70% of the stock is currently owned by institutional investors.
W.W. Grainger Stock Down 1.1%
Shares of NYSE:GWW opened at $1,354.98 on Wednesday. The stock’s 50-day moving average is $1,279.90 and its 200 day moving average is $1,160.03. The company has a market cap of $63.97 billion, a PE ratio of 36.44, a P/E/G ratio of 2.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.69 and a quick ratio of 1.60. W.W. Grainger, Inc. has a 1 year low of $906.52 and a 1 year high of $1,390.96.
W.W. Grainger Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were given a dividend of $2.49 per share. This represents a $9.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, May 11th. This is an increase from W.W. Grainger’s previous quarterly dividend of $2.26. W.W. Grainger’s payout ratio is presently 26.79%.
Insiders Place Their Bets
In other news, VP Paige K. Robbins sold 1,457 shares of W.W. Grainger 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 sale, the vice president 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jonny M. Leroy sold 854 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,231.06, for a total transaction of $1,051,325.24. Following the transaction, the senior vice president owned 1,554 shares in the company, valued at $1,913,067.24. This represents a 35.47% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,624 shares of company stock worth $3,232,291. 6.30% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
GWW has been the topic of several analyst reports. Weiss Ratings downgraded W.W. Grainger from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Morgan Stanley lifted their price target on W.W. Grainger from $1,190.00 to $1,300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. DA Davidson began coverage on W.W. Grainger in a research report on Tuesday, June 16th. They issued a “neutral” rating and a $1,250.00 price objective for the company. Barclays dropped their price objective on W.W. Grainger from $1,171.00 to $1,166.00 and set an “underweight” rating for the company in a research note on Tuesday, June 23rd. Finally, Royal Bank Of Canada raised their target price on shares of W.W. Grainger from $1,170.00 to $1,337.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1,216.44.
Get Our Latest Stock Analysis on W.W. Grainger
W.W. Grainger Company 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.
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