Patron Partners LLC acquired a new stake in W.W. Grainger, Inc. (NYSE:GWW – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,256 shares of the industrial products company’s stock, valued at approximately $3,069,000. W.W. Grainger accounts for approximately 1.2% of Patron Partners LLC’s investment portfolio, making the stock its 18th biggest position.
Several other large investors have also recently made changes to their positions in the business. Miller Capital Partners Inc. bought a new stake in shares of W.W. Grainger during the 4th quarter worth $26,000. MV Capital Management Inc. purchased a new position in shares of W.W. Grainger in the 4th quarter worth about $28,000. Elyxium Wealth LLC bought a new position in W.W. Grainger during the fourth quarter valued at about $30,000. Elevation Wealth Partners LLC grew its position in W.W. Grainger by 420.0% during the second quarter. Elevation Wealth Partners LLC now owns 26 shares of the industrial products company’s stock valued at $35,000 after buying an additional 21 shares during the period. Finally, Caitlin John LLC purchased a new stake in W.W. Grainger during the fourth quarter worth about $35,000. 80.70% of the stock is owned by hedge funds and other institutional investors.
W.W. Grainger Trading Up 0.9%
Shares of W.W. Grainger stock opened at $1,312.12 on Friday. The stock has a market capitalization of $61.80 billion, a P/E ratio of 33.46, a P/E/G ratio of 2.31 and a beta of 1.04. W.W. Grainger, Inc. has a 52-week low of $906.52 and a 52-week high of $1,419.91. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.70 and a current ratio of 2.81. The stock’s 50-day simple moving average is $1,344.74 and its 200 day simple moving average is $1,229.54.
W.W. Grainger Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be issued a $2.49 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $9.96 annualized dividend and a yield of 0.8%. W.W. Grainger’s dividend payout ratio (DPR) is 25.40%.
Wall Street Analyst Weigh In
GWW has been the topic of several research reports. Barclays lifted their price objective on shares of W.W. Grainger from $1,166.00 to $1,185.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 11th. Oppenheimer increased their target price on shares of W.W. Grainger from $1,350.00 to $1,375.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. Wall Street Zen raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Finally, DA Davidson upped their price objective on W.W. Grainger from $1,250.00 to $1,260.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $1,274.12.
View 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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