IFP Advisors Inc lifted its position in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 33.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,235 shares of the industrial products company’s stock after buying an additional 559 shares during the period. IFP Advisors Inc’s holdings in W.W. Grainger were worth $2,255,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Mattern Capital Management LLC increased its holdings in shares of W.W. Grainger by 4.8% during the 4th quarter. Mattern Capital Management LLC now owns 12,234 shares of the industrial products company’s stock worth $12,345,000 after buying an additional 563 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in W.W. Grainger by 15.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,523 shares of the industrial products company’s stock valued at $7,169,000 after purchasing an additional 987 shares in the last quarter. Caprock Group LLC acquired a new stake in W.W. Grainger in the 3rd quarter valued at $4,205,000. Azzad Asset Management Inc. ADV increased its holdings in W.W. Grainger by 20.4% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 5,947 shares of the industrial products company’s stock valued at $5,667,000 after purchasing an additional 1,008 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in W.W. Grainger by 212.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 54,215 shares of the industrial products company’s stock valued at $55,795,000 after purchasing an additional 36,855 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.
W.W. Grainger Stock Performance
NYSE:GWW opened at $1,247.95 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.69 and a quick ratio of 1.60. The firm has a 50-day moving average of $1,148.54 and a two-hundred day moving average of $1,079.40. The stock has a market cap of $58.92 billion, a P/E ratio of 33.57, a PEG ratio of 2.29 and a beta of 1.04. W.W. Grainger, Inc. has a 1-year low of $906.52 and a 1-year high of $1,286.56.
W.W. Grainger Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be given a dividend of $2.49 per share. 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. This represents a $9.96 annualized dividend and a dividend yield of 0.8%. W.W. Grainger’s dividend payout ratio is 26.79%.
Insider Activity at W.W. Grainger
In other news, VP Paige K. Robbins sold 1,457 shares of the 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 transaction, the vice president owned 2,232 shares of the company’s stock, valued at approximately $2,750,471.28. This trade represents a 39.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Deidra C. Merriwether sold 2,339 shares of the stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $1,064.73, for a total transaction of $2,490,403.47. Following the transaction, the chief financial officer directly owned 10,235 shares in the company, valued at $10,897,511.55. The trade was a 18.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 6,451 shares of company stock worth $7,380,743. 6.30% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on GWW. Wall Street Zen upgraded W.W. Grainger from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley increased their price target on W.W. Grainger from $1,100.00 to $1,190.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Barclays increased their price target on W.W. Grainger from $1,047.00 to $1,171.00 and gave the company an “underweight” rating in a report on Tuesday, May 12th. Stephens increased their price target on W.W. Grainger from $1,300.00 to $1,355.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Finally, Sanford C. Bernstein increased their price target on W.W. Grainger from $1,052.00 to $1,125.00 and gave the company a “market perform” rating in a report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1,199.13.
Check Out Our Latest 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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