HB Wealth Management LLC Purchases 44 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Posted by Defense World Staff on Jun 27th, 2023

W.W. Grainger logo HB Wealth Management LLC lifted its position in W.W. Grainger, Inc. (NYSE:GWW – Get Rating) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 787 shares of the industrial products company’s stock after acquiring an additional 44 shares during the quarter. HB Wealth Management LLC’s holdings in W.W. Grainger were worth $542,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. USS Investment Management Ltd lifted its position in shares of W.W. Grainger by 2.2% during the fourth quarter. USS Investment Management Ltd now owns 9,072 shares of the industrial products company’s stock valued at $5,046,000 after buying an additional 193 shares during the last quarter. First Trust Advisors LP lifted its position in shares of W.W. Grainger by 4.7% during the fourth quarter. First Trust Advisors LP now owns 67,432 shares of the industrial products company’s stock valued at $37,513,000 after buying an additional 3,022 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of W.W. Grainger by 11.4% during the fourth quarter. Moors & Cabot Inc. now owns 518 shares of the industrial products company’s stock valued at $288,000 after buying an additional 53 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of W.W. Grainger by 13.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 65,782 shares of the industrial products company’s stock valued at $36,591,000 after buying an additional 7,657 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in shares of W.W. Grainger by 4.3% during the fourth quarter. Ieq Capital LLC now owns 1,834 shares of the industrial products company’s stock valued at $1,020,000 after buying an additional 75 shares during the last quarter. 72.65% of the stock is currently owned by institutional investors.

W.W. Grainger Trading Up 1.4 %

Shares of NYSE:GWW opened at $748.09 on Tuesday. W.W. Grainger, Inc. has a 1 year low of $441.63 and a 1 year high of $751.22. The firm has a market capitalization of $37.53 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 1.58 and a beta of 1.19. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.70 and a quick ratio of 1.53. The business’s 50 day moving average price is $688.64 and its 200-day moving average price is $648.22.

W.W. Grainger (NYSE:GWW – Get Rating) last announced its earnings results on Thursday, April 27th. The industrial products company reported $9.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.57 by $1.04. W.W. Grainger had a return on equity of 61.00% and a net margin of 10.65%. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the firm posted $7.07 EPS. The business’s revenue was up 12.2% on a year-over-year basis. On average, equities research analysts forecast that W.W. Grainger, Inc. will post 35.94 earnings per share for the current fiscal year.

W.W. Grainger Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 8th were issued a $1.86 dividend. The ex-dividend date of this dividend was Friday, May 5th. This represents a $7.44 dividend on an annualized basis and a yield of 0.99%. This is a positive change from W.W. Grainger’s previous quarterly dividend of $1.72. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.82%.

Analysts Set New Price Targets

GWW has been the subject of several analyst reports. Morgan Stanley increased their price target on shares of W.W. Grainger from $537.00 to $555.00 and gave the company an “underweight” rating in a research report on Wednesday, April 19th. Loop Capital increased their price objective on shares of W.W. Grainger from $750.00 to $800.00 in a research report on Monday, May 1st. Robert W. Baird increased their price objective on shares of W.W. Grainger from $730.00 to $760.00 in a research report on Friday, April 28th. 92 Resources reaffirmed a “maintains” rating on shares of W.W. Grainger in a research report on Friday, April 28th. Finally, StockNews.com began coverage on shares of W.W. Grainger in a research report on Thursday, May 18th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, W.W. Grainger presently has an average rating of “Hold” and a consensus price target of $704.88.

Insider Buying and Selling at W.W. Grainger

In other W.W. Grainger news, VP Laurie R. Thomson sold 476 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $683.74, for a total value of $325,460.24. Following the transaction, the vice president now owns 1,731 shares in the company, valued at approximately $1,183,553.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.90% of the stock is currently owned by insiders.

W.W. Grainger Profile

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W.W. Grainger, Inc distributes maintenance, repair, and operating products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.