Global Retirement Partners LLC increased its position in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 338 shares of the industrial products company’s stock after buying an additional 18 shares during the quarter. Global Retirement Partners LLC’s holdings in W.W. Grainger were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also added to or reduced their stakes in the company. Clear Street Markets LLC acquired a new position in shares of W.W. Grainger in the 4th quarter worth approximately $26,000. Spire Wealth Management grew its holdings in W.W. Grainger by 220.0% during the 4th quarter. Spire Wealth Management now owns 48 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 33 shares during the period. Retirement Group LLC raised its position in shares of W.W. Grainger by 2,450.0% in the 4th quarter. Retirement Group LLC now owns 51 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 49 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of W.W. Grainger during the 4th quarter valued at about $29,000. Finally, International Assets Investment Management LLC acquired a new stake in W.W. Grainger during the first quarter worth approximately $29,000. 72.65% of the stock is currently owned by institutional investors and hedge funds.
W.W. Grainger Trading Up 0.2 %
Shares of W.W. Grainger stock opened at $714.71 on Thursday. The company has a market capitalization of $35.74 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 1.53 and a beta of 1.21. The stock has a fifty day simple moving average of $741.62 and a 200 day simple moving average of $690.62. W.W. Grainger, Inc. has a 12-month low of $483.19 and a 12-month high of $811.60. The company has a current ratio of 2.78, a quick ratio of 1.63 and a debt-to-equity ratio of 0.70.
W.W. Grainger Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be given a dividend of $1.86 per share. The ex-dividend date is Friday, August 11th. This represents a $7.44 annualized dividend and a dividend yield of 1.04%. W.W. Grainger’s dividend payout ratio is currently 21.44%.
Wall Street Analysts Forecast Growth
GWW has been the subject of several recent analyst reports. Oppenheimer raised their price objective on shares of W.W. Grainger from $785.00 to $800.00 in a research report on Friday, April 28th. UBS Group cut shares of W.W. Grainger from a “buy” rating to a “neutral” rating and raised their price target for the stock from $815.00 to $820.00 in a report on Wednesday, July 12th. StockNews.com began coverage on shares of W.W. Grainger in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Loop Capital raised their target price on W.W. Grainger from $750.00 to $800.00 in a research note on Monday, May 1st. Finally, Morgan Stanley boosted their target price on W.W. Grainger from $647.00 to $653.00 and gave the company an “underweight” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, W.W. Grainger presently has a consensus rating of “Hold” and an average price target of $738.86.
View Our Latest Stock Report on W.W. Grainger
W.W. Grainger 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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