Swedbank AB reduced its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 6.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,786 shares of the industrial products company’s stock after selling 1,878 shares during the quarter. Swedbank AB’s holdings in W.W. Grainger were worth $29,218,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GWW. Avantax Planning Partners Inc. grew its position in shares of W.W. Grainger by 1.9% in the fourth quarter. Avantax Planning Partners Inc. now owns 483 shares of the industrial products company’s stock valued at $487,000 after purchasing an additional 9 shares during the last quarter. Hohimer Wealth Management LLC raised its position in shares of W.W. Grainger by 1.2% during the 4th quarter. Hohimer Wealth Management LLC now owns 788 shares of the industrial products company’s stock worth $795,000 after purchasing an additional 9 shares during the last quarter. DAVENPORT & Co LLC raised its position 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 worth $1,805,000 after purchasing an additional 10 shares during the last quarter. Sawyer & Company Inc raised its position in shares of W.W. Grainger by 1.5% during the 4th quarter. Sawyer & Company Inc now owns 676 shares of the industrial products company’s stock worth $682,000 after purchasing an additional 10 shares during the last quarter. Finally, Dearborn Partners LLC lifted its stake in W.W. Grainger by 3.4% in the 4th quarter. Dearborn Partners LLC now owns 305 shares of the industrial products company’s stock valued at $308,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.
W.W. Grainger Trading Down 0.5%
Shares of GWW opened at $1,349.53 on Thursday. W.W. Grainger, Inc. has a fifty-two week low of $906.52 and a fifty-two week high of $1,390.96. The company has a market capitalization of $63.71 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 2.50 and a beta of 1.03. The stock has a fifty day moving average of $1,283.72 and a two-hundred day moving average of $1,162.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.60 and a current ratio of 2.69.
W.W. Grainger Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were paid a $2.49 dividend. 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 a positive change from W.W. Grainger’s previous quarterly dividend of $2.26. W.W. Grainger’s dividend payout ratio is 26.79%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on GWW shares. Weiss Ratings downgraded W.W. Grainger from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Morgan Stanley upped their price objective on 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 increased their price objective on W.W. Grainger from $1,052.00 to $1,125.00 and gave the company a “market perform” rating in a research note on Tuesday, April 21st. Stephens lifted their price objective on W.W. Grainger from $1,300.00 to $1,355.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada boosted their target price on shares of 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 analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, W.W. Grainger currently has a consensus rating of “Hold” and a consensus price target of $1,216.44.
Get Our Latest Stock Report on W.W. Grainger
Insider Buying and Selling at W.W. Grainger
In other W.W. Grainger news, SVP Jonny M. Leroy sold 854 shares of W.W. Grainger stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,231.06, for a total value of $1,051,325.24. Following the completion of the sale, the senior vice president owned 1,554 shares in the company, valued at $1,913,067.24. The trade was a 35.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Laurie R. Thomson sold 313 shares of the company’s stock in a transaction dated 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 transaction, the vice president directly owned 399 shares of the company’s stock, valued at approximately $491,444.31. This represents a 43.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,624 shares of company stock worth $3,232,291 in the last 90 days. 6.30% of the stock is owned by company insiders.
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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