Trivium Point Advisory LLC bought a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 408 shares of the industrial products company’s stock, valued at approximately $555,000.
Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of W.W. Grainger by 46.8% in the fourth quarter. Brighton Jones LLC now owns 320 shares of the industrial products company’s stock valued at $338,000 after acquiring an additional 102 shares in the last quarter. Empowered Funds LLC grew its position in shares of W.W. Grainger by 18.0% during the first quarter. Empowered Funds LLC now owns 2,851 shares of the industrial products company’s stock worth $2,816,000 after purchasing an additional 435 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of W.W. Grainger by 169.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,826 shares of the industrial products company’s stock worth $3,980,000 after purchasing an additional 2,407 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in W.W. Grainger during the 2nd quarter valued at approximately $208,000. Finally, Sei Investments Co. raised its stake in W.W. Grainger by 35.2% during the 2nd quarter. Sei Investments Co. now owns 41,388 shares of the industrial products company’s stock valued at $43,051,000 after purchasing an additional 10,784 shares during the period. Institutional investors own 80.70% of the company’s stock.
W.W. Grainger Price Performance
Shares of W.W. Grainger stock opened at $1,322.34 on Monday. The firm has a market cap of $62.28 billion, a PE ratio of 33.72, a PEG ratio of 2.35 and a beta of 1.04. The stock has a 50 day moving average of $1,345.39 and a 200 day moving average of $1,222.27. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.53. W.W. Grainger, Inc. has a 12 month low of $906.52 and a 12 month high of $1,419.91.
W.W. Grainger Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be given a $2.49 dividend. This represents a $9.96 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, August 10th. W.W. Grainger’s payout ratio is currently 25.40%.
Analyst Ratings Changes
GWW has been the subject of several recent analyst reports. Weiss Ratings upgraded W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. Wolfe Research upgraded shares of W.W. Grainger from an “underperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. DA Davidson boosted their target price on shares of W.W. Grainger from $1,250.00 to $1,260.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Morgan Stanley upped their target price on shares of W.W. Grainger from $1,190.00 to $1,300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of W.W. Grainger from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, W.W. Grainger has a consensus rating of “Hold” and an average price target of $1,274.12.
Check Out Our Latest Research Report 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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