Victory Capital Management Inc. increased its position in W.W. Grainger Inc. (NYSE:GWW) by 4.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,003 shares of the company’s stock after buying an additional 193 shares during the period. Victory Capital Management Inc.’s holdings in W.W. Grainger were worth $1,137,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of W.W. Grainger during the fourth quarter worth about $111,107,000. Emerald Acquisition Ltd. bought a new position in shares of W.W. Grainger during the second quarter worth about $30,449,000. TD Asset Management Inc. boosted its position in shares of W.W. Grainger by 20.7% in the second quarter. TD Asset Management Inc. now owns 385,245 shares of the company’s stock worth $87,547,000 after buying an additional 66,189 shares during the last quarter. Champlain Investment Partners LLC boosted its position in shares of W.W. Grainger by 22.1% in the first quarter. Champlain Investment Partners LLC now owns 303,375 shares of the company’s stock worth $70,817,000 after buying an additional 54,825 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of W.W. Grainger by 145.6% in the second quarter. First Trust Advisors LP now owns 80,172 shares of the company’s stock worth $18,219,000 after buying an additional 47,535 shares during the last quarter. 82.63% of the stock is owned by institutional investors and hedge funds.
Shares of W.W. Grainger Inc. (NYSE:GWW) traded up 0.74% during mid-day trading on Wednesday, reaching $218.20. The company had a trading volume of 295,096 shares. The stock has a 50 day moving average of $226.45 and a 200-day moving average of $226.55. W.W. Grainger Inc. has a one year low of $176.85 and a one year high of $239.95. The firm has a market capitalization of $13.18 billion, a price-to-earnings ratio of 19.85 and a beta of 0.77.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $2.89 EPS for the quarter, missing the consensus estimate of $3.17 by $0.28. W.W. Grainger had a net margin of 6.91% and a return on equity of 31.26%. The firm had revenue of $2.60 million for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the prior year, the firm earned $3.27 earnings per share. Equities analysts predict that W.W. Grainger Inc. will post $11.54 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 8th were issued a dividend of $1.22 per share. The ex-dividend date was Thursday, August 4th. This represents a $4.88 annualized dividend and a dividend yield of 2.25%. W.W. Grainger’s dividend payout ratio (DPR) is presently 44.40%.
A number of equities analysts have recently issued reports on GWW shares. RBC Capital Markets reissued an “underperform” rating and issued a $211.00 target price on shares of W.W. Grainger in a report on Monday. Zacks Investment Research raised W.W. Grainger from a “sell” rating to a “hold” rating in a report on Tuesday. Royal Bank Of Canada dropped their price target on W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating for the company in a report on Wednesday, July 20th. Macquarie began coverage on W.W. Grainger in a report on Thursday, August 25th. They set an “outperform” rating and a $274.00 price target for the company. Finally, Credit Suisse Group AG began coverage on W.W. Grainger in a report on Friday, June 17th. They set a “neutral” rating and a $222.00 price target for the company. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. W.W. Grainger has a consensus rating of “Hold” and a consensus price target of $228.75.
In other news, VP Joseph C. High sold 1,722 shares of the company’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $220.00, for a total transaction of $378,840.00. Following the completion of the transaction, the vice president now directly owns 7,531 shares in the company, valued at $1,656,820. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.60% of the company’s stock.
About W.W. Grainger
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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