Cambridge Investment Research Advisors Inc. lowered its stake in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,432 shares of the industrial products company’s stock after selling 20 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in W.W. Grainger were worth $2,706,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Fairfield Bush & CO. bought a new stake in W.W. Grainger in the 1st quarter valued at about $30,000. Private Advisor Group LLC raised its position in shares of W.W. Grainger by 2.2% in the first quarter. Private Advisor Group LLC now owns 1,067 shares of the industrial products company’s stock valued at $550,000 after purchasing an additional 23 shares during the period. Cibc World Market Inc. lifted its stake in shares of W.W. Grainger by 67.9% during the 1st quarter. Cibc World Market Inc. now owns 789 shares of the industrial products company’s stock valued at $407,000 after buying an additional 319 shares in the last quarter. Sei Investments Co. boosted its holdings in W.W. Grainger by 33.6% in the 1st quarter. Sei Investments Co. now owns 26,661 shares of the industrial products company’s stock worth $13,947,000 after buying an additional 6,705 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in W.W. Grainger by 212.9% in the 1st quarter. Allianz Asset Management GmbH now owns 25,798 shares of the industrial products company’s stock valued at $13,306,000 after buying an additional 17,553 shares in the last quarter. Institutional investors own 71.24% of the company’s stock.
Analyst Ratings Changes
Several research firms have issued reports on GWW. UBS Group dropped their target price on W.W. Grainger from $820.00 to $750.00 and set a “neutral” rating on the stock in a research report on Monday, August 28th. Robert W. Baird cut their target price on W.W. Grainger from $795.00 to $790.00 in a research note on Friday, July 28th. Morgan Stanley lifted their target price on W.W. Grainger from $647.00 to $653.00 and gave the company an “underweight” rating in a report on Friday, July 28th. Stephens reissued an “equal weight” rating and issued a $775.00 price target on shares of W.W. Grainger in a report on Friday, August 18th. Finally, StockNews.com raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $734.63.
W.W. Grainger Price Performance
Shares of NYSE:GWW opened at $691.84 on Friday. The company’s fifty day moving average price is $708.56 and its 200-day moving average price is $702.86. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.78 and a quick ratio of 1.63. The firm has a market capitalization of $34.59 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.49 and a beta of 1.21. W.W. Grainger, Inc. has a one year low of $484.52 and a one year high of $811.60.
W.W. Grainger (NYSE:GWW – Get Free Report) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $9.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.96 by $0.32. W.W. Grainger had a return on equity of 60.40% and a net margin of 11.04%. The firm had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the company posted $7.19 earnings per share. The company’s revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts anticipate that W.W. Grainger, Inc. will post 36.03 earnings per share for the current fiscal year.
W.W. Grainger Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Friday, August 11th. W.W. Grainger’s payout ratio is currently 21.44%.
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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