Freestone Grove Partners LP bought a new position in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,360 shares of the industrial products company’s stock, valued at approximately $33,139,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of W.W. Grainger in the 2nd quarter valued at $6,303,024,000. Wellington Management Group LLP lifted its stake in shares of W.W. Grainger by 1,462.1% during the 4th quarter. Wellington Management Group LLP now owns 1,071,854 shares of the industrial products company’s stock worth $1,081,554,000 after purchasing an additional 1,003,237 shares during the last quarter. Norges Bank purchased a new stake in shares of W.W. Grainger during the 4th quarter worth $518,958,000. Northwestern Mutual Wealth Management Co. boosted its position in W.W. Grainger by 34,269.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 435,466 shares of the industrial products company’s stock valued at $439,407,000 after purchasing an additional 434,199 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in W.W. Grainger by 61.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,027,286 shares of the industrial products company’s stock valued at $1,036,584,000 after purchasing an additional 389,589 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.
W.W. Grainger Trading Up 2.8%
W.W. Grainger stock opened at $1,337.59 on Thursday. The stock has a 50-day moving average of $1,345.00 and a two-hundred day moving average of $1,233.47. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.70 and a current ratio of 2.81. W.W. Grainger, Inc. has a one year low of $906.52 and a one year high of $1,419.91. The stock has a market cap of $63.00 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04.
W.W. Grainger Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be paid a $2.49 dividend. The ex-dividend date is Monday, August 10th. This represents a $9.96 dividend on an annualized basis and a yield of 0.7%. W.W. Grainger’s dividend payout ratio (DPR) is 25.40%.
Wall Street Analyst Weigh In
A number of brokerages have commented on GWW. Stephens downgraded shares of W.W. Grainger from an “overweight” rating to an “equal weight” rating and set a $1,355.00 target price for the company. in a report on Tuesday, July 14th. Wolfe Research upgraded shares of W.W. Grainger from an “underperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Barclays lifted their price objective on shares of W.W. Grainger from $1,166.00 to $1,185.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada reduced their price objective on shares of W.W. Grainger from $1,460.00 to $1,428.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $1,286.62.
View Our Latest Research Report on W.W. Grainger
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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