367 Shares in W.W. Grainger, Inc. (NYSE:GWW) Purchased by Schechter Investment Advisors LLC

Posted by Defense World Staff on Jul 21st, 2023

W.W. Grainger logo Schechter Investment Advisors LLC acquired a new position in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 367 shares of the industrial products company’s stock, valued at approximately $253,000.

A number of other large investors have also added to or reduced their stakes in GWW. International Assets Investment Management LLC purchased a new position in shares of W.W. Grainger in the first quarter worth about $29,000. Clear Street Markets LLC purchased a new position in shares of W.W. Grainger in the fourth quarter worth about $26,000. Spire Wealth Management increased its stake in shares of W.W. Grainger by 220.0% in the fourth quarter. Spire Wealth Management now owns 48 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 33 shares in the last quarter. Trifecta Capital Advisors LLC purchased a new position in shares of W.W. Grainger in the fourth quarter worth about $28,000. Finally, Retirement Group LLC grew its stake in W.W. Grainger by 2,450.0% during the fourth quarter. Retirement Group LLC now owns 51 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 72.65% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on GWW shares. UBS Group cut shares of W.W. Grainger from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $815.00 to $820.00 in a research note on Wednesday, July 12th. Morgan Stanley boosted their price objective on shares of W.W. Grainger from $537.00 to $555.00 and gave the company an “underweight” rating in a research note on Wednesday, April 19th. Loop Capital boosted their price objective on shares of W.W. Grainger from $750.00 to $800.00 in a research note on Monday, May 1st. Oppenheimer boosted their price objective on shares of W.W. Grainger from $785.00 to $800.00 in a research note on Friday, April 28th. Finally, StockNews.com began coverage on shares of W.W. Grainger in a research note on Thursday, May 18th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $705.50.

W.W. Grainger Trading Up 0.1 %

Shares of W.W. Grainger stock opened at $767.15 on Friday. W.W. Grainger, Inc. has a 1 year low of $466.44 and a 1 year high of $811.60. The firm has a market cap of $38.49 billion, a PE ratio of 23.52, a PEG ratio of 1.64 and a beta of 1.23. 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 company has a 50 day simple moving average of $723.85 and a two-hundred day simple moving average of $673.12.

W.W. Grainger (NYSE:GWW – Get Free Report) last announced its quarterly earnings data 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 net margin of 10.65% and a return on equity of 61.00%. The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the company earned $7.07 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. Analysts expect that W.W. Grainger, Inc. will post 35.86 earnings per share for the current fiscal year.

W.W. Grainger Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 8th were paid a $1.86 dividend. This is a boost from W.W. Grainger’s previous quarterly dividend of $1.72. The ex-dividend date was Friday, May 5th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 0.97%. W.W. Grainger’s dividend payout ratio is 22.82%.

Insider Activity

In other news, VP Laurie R. Thomson sold 476 shares of the company’s stock in a transaction 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 completion of the sale, 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 available through the SEC website. 9.90% of the stock is owned by corporate insiders.

W.W. Grainger Profile

(Free Report)

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.