Advisor Group Inc. raised its position in shares of W W Grainger Inc (NYSE:GWW) by 7.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,930 shares of the industrial products company’s stock after purchasing an additional 634 shares during the period. Advisor Group Inc.’s holdings in W W Grainger were worth $2,689,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Ronna Sue Cohen grew its position in W W Grainger by 27,609.9% during the first quarter. Ronna Sue Cohen now owns 2,981,867 shares of the industrial products company’s stock valued at $2,982,000 after purchasing an additional 2,971,106 shares in the last quarter. Longview Partners Guernsey LTD grew its position in W W Grainger by 84.1% in the fourth quarter. Longview Partners Guernsey LTD now owns 3,155,394 shares of the industrial products company’s stock worth $890,957,000 after acquiring an additional 1,441,615 shares in the last quarter. Norges Bank bought a new stake in W W Grainger in the fourth quarter worth approximately $156,410,000. BlackRock Inc. grew its position in W W Grainger by 4.2% in the fourth quarter. BlackRock Inc. now owns 3,372,604 shares of the industrial products company’s stock worth $952,290,000 after acquiring an additional 135,674 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in W W Grainger by 36.2% in the fourth quarter. APG Asset Management N.V. now owns 507,568 shares of the industrial products company’s stock worth $125,370,000 after acquiring an additional 134,800 shares in the last quarter. 74.31% of the stock is owned by institutional investors.
NYSE:GWW traded up $2.10 during mid-day trading on Friday, reaching $268.23. 528,460 shares of the company were exchanged, compared to its average volume of 480,393. The stock has a market capitalization of $14.77 billion, a PE ratio of 16.06, a PEG ratio of 1.30 and a beta of 0.96. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.36 and a current ratio of 2.40. W W Grainger Inc has a 12 month low of $255.09 and a 12 month high of $372.06. The firm’s fifty day moving average is $267.80.
W W Grainger announced that its board has initiated a share buyback plan on Wednesday, April 24th that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Monday, May 13th were given a $1.44 dividend. This represents a $5.76 dividend on an annualized basis and a dividend yield of 2.15%. This is an increase from W W Grainger’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, May 10th. W W Grainger’s dividend payout ratio (DPR) is currently 34.49%.
In related news, VP Eric R. Tapia sold 180 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $272.58, for a total value of $49,064.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 8.50% of the company’s stock.
Several analysts have commented on GWW shares. Morgan Stanley boosted their target price on shares of W W Grainger from $266.00 to $273.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 24th. Peel Hunt raised shares of W W Grainger from an “add” rating to a “buy” rating in a report on Thursday, April 4th. BMO Capital Markets decreased their price objective on shares of W W Grainger from $320.00 to $310.00 and set a “market perform” rating for the company in a report on Tuesday, April 23rd. Buckingham Research upped their target price on shares of W W Grainger from $309.00 to $316.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Finally, Stephens set a $318.00 target price on shares of W W Grainger and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $308.06.
W W Grainger Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.
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