TABR Capital Management LLC purchased a new stake in W.W. Grainger, Inc. (NYSE:GWW – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 2,560 shares of the industrial products company’s stock, valued at approximately $2,583,000.
Several other hedge funds have also bought and sold shares of GWW. DAVENPORT & Co LLC boosted its holdings in shares of W.W. Grainger by 0.6% during the 4th quarter. DAVENPORT & Co LLC now owns 1,789 shares of the industrial products company’s stock valued at $1,805,000 after purchasing an additional 10 shares during the last quarter. CWA Asset Management Group LLC increased its holdings in shares of W.W. Grainger by 4.5% in the third quarter. CWA Asset Management Group LLC now owns 277 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 12 shares during the last quarter. Wells Trecaso Financial Group LLC lifted its position in shares of W.W. Grainger by 6.0% in the third quarter. Wells Trecaso Financial Group LLC now owns 212 shares of the industrial products company’s stock worth $202,000 after buying an additional 12 shares in the last quarter. Rafferty Asset Management LLC lifted its position in shares of W.W. Grainger by 0.3% in the third quarter. Rafferty Asset Management LLC now owns 3,958 shares of the industrial products company’s stock worth $3,772,000 after buying an additional 12 shares in the last quarter. Finally, AGH Wealth Advisors LLC boosted its stake in W.W. Grainger by 3.9% during the third quarter. AGH Wealth Advisors LLC now owns 344 shares of the industrial products company’s stock valued at $328,000 after buying an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.
W.W. Grainger Price Performance
Shares of W.W. Grainger stock opened at $1,172.07 on Wednesday. The stock has a market cap of $55.47 billion, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 2.45 and a beta of 1.09. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.59 and a current ratio of 2.83. The stock has a 50 day moving average price of $1,115.91 and a 200-day moving average price of $1,043.73. W.W. Grainger, Inc. has a one year low of $906.52 and a one year high of $1,218.63.
W.W. Grainger Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Monday, February 9th were issued a $2.26 dividend. This represents a $9.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, February 9th. W.W. Grainger’s dividend payout ratio (DPR) is 25.54%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. Barclays lifted their price objective on W.W. Grainger from $1,044.00 to $1,047.00 and gave the stock an “underweight” rating in a research note on Monday, March 16th. Weiss Ratings upgraded shares of W.W. Grainger from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. Oppenheimer increased their price objective on shares of W.W. Grainger from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Morgan Stanley lifted their price objective on shares of W.W. Grainger from $1,100.00 to $1,190.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of 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. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,118.14.
Check Out Our Latest Report on GWW
Insider Activity
In related news, CFO Deidra C. Merriwether sold 1,488 shares of W.W. Grainger stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $1,114.28, for a total transaction of $1,658,048.64. Following the completion of the transaction, the chief financial officer directly owned 10,541 shares of the company’s stock, valued at approximately $11,745,625.48. The trade was a 12.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 6.30% of the company’s stock.
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.
See Also
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.
