OMERS ADMINISTRATION Corp increased its stake in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 124.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,181 shares of the industrial products company’s stock after buying an additional 2,316 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in W.W. Grainger were worth $4,561,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in GWW. Miller Capital Partners Inc. bought a new stake in shares of W.W. Grainger during the 4th quarter worth approximately $26,000. MV Capital Management Inc. purchased a new position in W.W. Grainger during the 4th quarter valued at about $28,000. Elyxium Wealth LLC purchased a new position in W.W. Grainger during the fourth quarter valued at approximately $30,000. Caitlin John LLC bought a new position in shares of W.W. Grainger in the 4th quarter worth $35,000. Finally, Reflection Asset Management bought a new position in W.W. Grainger in the fourth quarter worth about $43,000. Institutional investors own 80.70% of the company’s stock.
W.W. Grainger Trading Up 1.1%
Shares of GWW stock opened at $1,397.48 on Tuesday. 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 market cap of $65.98 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 2.55 and a beta of 1.03. The company has a 50-day moving average of $1,326.02 and a two-hundred day moving average of $1,194.83. W.W. Grainger, Inc. has a 1-year low of $906.52 and a 1-year high of $1,419.91.
W.W. Grainger Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were given a dividend of $2.49 per share. This is an increase from W.W. Grainger’s previous quarterly dividend of $2.26. This represents a $9.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, May 11th. W.W. Grainger’s dividend payout ratio is currently 26.79%.
Wall Street Analyst Weigh In
GWW has been the subject of a number of research analyst reports. Stephens cut W.W. Grainger from an “overweight” rating to an “equal weight” rating and set a $1,355.00 price target for the company. in a research note on Tuesday, July 14th. Wolfe Research raised W.W. Grainger from an “underperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Morgan Stanley lifted their target price on shares of W.W. Grainger from $1,190.00 to $1,300.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. Royal Bank Of Canada upped their price target on W.W. Grainger from $1,337.00 to $1,460.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. Finally, Barclays decreased their price objective on shares of W.W. Grainger from $1,171.00 to $1,166.00 and set an “underweight” rating on the stock in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1,230.11.
Get Our Latest Stock Analysis on W.W. Grainger
Insiders Place Their Bets
In other W.W. Grainger news, VP Laurie R. Thomson sold 313 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,231.69, for a total transaction of $385,518.97. Following the sale, the vice president owned 399 shares in the company, valued at $491,444.31. This represents a 43.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jonny M. Leroy sold 854 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,231.06, for a total transaction of $1,051,325.24. Following the completion of the sale, the senior vice president directly owned 1,554 shares in the company, valued at approximately $1,913,067.24. This trade represents a 35.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,624 shares of company stock worth $3,232,291 in the last quarter. 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.
Read More
- Five stocks we like better than W.W. Grainger
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
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.
