Ritholtz Wealth Management boosted its stake in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 14.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 506 shares of the industrial products company’s stock after acquiring an additional 63 shares during the period. Ritholtz Wealth Management’s holdings in W.W. Grainger were worth $349,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. USS Investment Management Ltd lifted its position in W.W. Grainger by 2.2% in 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 acquiring an additional 193 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of W.W. Grainger by 4.7% in 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. raised its holdings in shares of W.W. Grainger by 11.4% in 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 raised its holdings in shares of W.W. Grainger by 13.2% in 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 raised its holdings in shares of W.W. Grainger by 4.3% in 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 owned by hedge funds and other institutional investors.
W.W. Grainger Trading Down 0.8 %
W.W. Grainger stock opened at $782.56 on Wednesday. The firm’s 50-day moving average is $701.90 and its 200-day moving average is $656.79. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.53 and a current ratio of 2.70. W.W. Grainger, Inc. has a 1 year low of $441.63 and a 1 year high of $795.83. The company has a market cap of $39.26 billion, a P/E ratio of 24.00, a PEG ratio of 1.69 and a beta of 1.23.
W.W. Grainger Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 8th were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 0.95%. This is an increase from W.W. Grainger’s previous quarterly dividend of $1.72. The ex-dividend date was Friday, May 5th. W.W. Grainger’s payout ratio is 22.82%.
Wall Street Analysts Forecast Growth
GWW has been the topic of several recent analyst reports. 92 Resources restated a “maintains” rating on shares of W.W. Grainger in a research report on Friday, April 28th. UBS Group upped their price objective on shares of W.W. Grainger from $800.00 to $815.00 in a research note on Friday, April 28th. Morgan Stanley increased their price target on shares of W.W. Grainger from $537.00 to $555.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 19th. Loop Capital increased their price target on shares of W.W. Grainger from $750.00 to $800.00 in a research note on Monday, May 1st. Finally, Robert W. Baird increased their price target on shares of W.W. Grainger from $730.00 to $760.00 in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, W.W. Grainger currently has an average rating of “Hold” and an average target price of $704.88.
Insider Transactions at W.W. Grainger
In other news, VP Laurie R. Thomson sold 476 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, May 2nd. The shares were 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 of the company’s stock, valued at approximately $1,183,553.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.90% of the company’s stock.
W.W. Grainger Company Profile
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.
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