Speece Thorson Capital Group Inc. increased its position in shares of W.W. Grainger Inc. (NYSE:GWW) by 1.2% during the second quarter, Holdings Channel reports. The fund owned 38,357 shares of the company’s stock after buying an additional 464 shares during the period. Speece Thorson Capital Group Inc.’s holdings in W.W. Grainger were worth $8,717,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in GWW. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in W.W. Grainger during the second quarter worth about $205,000. Cypress Wealth Advisors LLC bought a new stake in W.W. Grainger during the first quarter worth about $225,000. Atria Investments LLC bought a new stake in W.W. Grainger during the second quarter worth about $239,000. Kovitz Investment Group Partners LLC bought a new stake in W.W. Grainger during the first quarter worth about $257,000. Finally, Charter Trust Co. raised its stake in W.W. Grainger by 14.1% in the second quarter. Charter Trust Co. now owns 1,114 shares of the company’s stock worth $254,000 after buying an additional 138 shares during the last quarter. Institutional investors own 82.63% of the company’s stock.
Shares of W.W. Grainger Inc. (NYSE:GWW) traded down 0.02% during midday trading on Monday, reaching $216.52. The company had a trading volume of 494,153 shares. The firm has a market capitalization of $13.08 billion, a price-to-earnings ratio of 19.69 and a beta of 0.77. W.W. Grainger Inc. has a 52 week low of $176.85 and a 52 week high of $239.95. The stock has a 50-day moving average of $226.54 and a 200 day moving average of $226.40.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $2.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.17 by $0.28. The firm had revenue of $2.60 million for the quarter, compared to analyst estimates of $2.58 billion. W.W. Grainger had a return on equity of 31.26% and a net margin of 6.91%. During the same quarter in the prior year, the business earned $3.27 EPS. On average, analysts anticipate that W.W. Grainger Inc. will post $11.54 earnings per share for the current year.
The company 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 dividend on an annualized basis and a dividend yield of 2.25%. W.W. Grainger’s dividend payout ratio is currently 44.40%.
A number of research firms recently issued reports on GWW. Wells Fargo & Co. reiterated a “hold” rating on shares of W.W. Grainger in a research note on Sunday, September 4th. Zacks Investment Research lowered W.W. Grainger from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. RBC Capital Markets restated an “underperform” rating and issued a $187.00 target price (down from $197.00) on shares of W.W. Grainger in a research note on Wednesday, July 20th. BMO Capital Markets decreased their target price on W.W. Grainger from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, July 20th. Finally, Barclays PLC upped their target price on W.W. Grainger from $209.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Monday, July 18th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. W.W. Grainger has a consensus rating of “Hold” and an average target price of $228.75.
In other news, VP Joseph C. High sold 1,722 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 7,531 shares in the company, valued at approximately $1,656,820. The sale was disclosed in a legal filing 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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