Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its position in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 13.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,691 shares of the industrial products company’s stock after selling 1,840 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in W.W. Grainger were worth $11,797,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. lifted its stake in shares of W.W. Grainger by 211.1% in the 3rd quarter. Ameriflex Group Inc. now owns 28 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 19 shares during the period. Harbor Investment Advisory LLC lifted its position in 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 valued at $29,000 after acquiring an additional 22 shares during the period. Elyxium Wealth LLC purchased a new position in W.W. Grainger during the 4th quarter valued at about $30,000. State of Wyoming lifted its position in W.W. Grainger by 650.0% during the 2nd quarter. State of Wyoming now owns 45 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 39 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in W.W. Grainger during the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.
W.W. Grainger Stock Up 0.9%
Shares of W.W. Grainger stock opened at $1,300.83 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.60 and a current ratio of 2.69. The stock has a market capitalization of $61.41 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 2.40 and a beta of 1.04. W.W. Grainger, Inc. has a 52-week low of $906.52 and a 52-week high of $1,306.51. The company has a 50-day simple moving average of $1,188.64 and a two-hundred day simple moving average of $1,101.24.
W.W. Grainger Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were paid a $2.49 dividend. This is an increase 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%. The ex-dividend date was Monday, May 11th. W.W. Grainger’s dividend payout ratio (DPR) is presently 26.79%.
Insiders Place Their Bets
In other news, VP Laurie R. Thomson sold 313 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,231.69, for a total transaction of $385,518.97. Following the completion of the transaction, the vice president directly owned 399 shares of the company’s stock, valued at $491,444.31. The trade was a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Deidra C. Merriwether sold 2,339 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The shares were 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 of the company’s stock, valued at $10,897,511.55. The trade was a 18.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,451 shares of company stock worth $7,380,743 over the last three months. Company insiders own 6.30% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on GWW shares. Morgan Stanley lifted their price target on shares of W.W. Grainger from $1,190.00 to $1,300.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Sanford C. Bernstein lifted their price target on shares of W.W. Grainger from $1,052.00 to $1,125.00 and gave the company a “market perform” rating in a research report on Tuesday, April 21st. Barclays lifted their price objective on W.W. Grainger from $1,047.00 to $1,171.00 and gave the company an “underweight” rating in a research note on Tuesday, May 12th. Stephens lifted their price objective on W.W. Grainger from $1,300.00 to $1,355.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada lifted their price objective on W.W. Grainger from $1,170.00 to $1,337.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, W.W. Grainger presently has a consensus rating of “Hold” and an average target price of $1,212.88.
Get Our Latest Analysis on W.W. Grainger
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.
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