Willis Investment Counsel increased its position in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,507 shares of the industrial products company’s stock after buying an additional 925 shares during the quarter. Willis Investment Counsel’s holdings in W.W. Grainger were worth $16,656,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Accredited Investors Inc. acquired a new stake in W.W. Grainger during the third quarter worth about $25,000. Asset Dedication LLC grew its position in W.W. Grainger by 136.4% during the second quarter. Asset Dedication LLC now owns 26 shares of the industrial products company’s stock worth $27,000 after buying an additional 15 shares in the last quarter. Ameriflex Group Inc. grew its position in W.W. Grainger by 211.1% during the third quarter. Ameriflex Group Inc. now owns 28 shares of the industrial products company’s stock worth $27,000 after buying an additional 19 shares in the last quarter. Harbor Investment Advisory LLC boosted its holdings in W.W. Grainger by 314.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 29 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 22 shares in the last quarter. Finally, State of Wyoming boosted its holdings in W.W. Grainger by 650.0% during the second quarter. State of Wyoming now owns 45 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 39 shares in the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.
W.W. Grainger Stock Performance
NYSE:GWW opened at $1,147.90 on Thursday. W.W. Grainger, Inc. has a 1 year low of $902.44 and a 1 year high of $1,218.63. The firm has a 50 day moving average of $1,114.48 and a 200-day moving average of $1,030.40. The company has a current ratio of 2.83, a quick ratio of 1.59 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $54.33 billion, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 2.35 and a beta of 1.09.
W.W. Grainger Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Monday, February 9th were paid a $2.26 dividend. The ex-dividend date was Monday, February 9th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.8%. W.W. Grainger’s payout ratio is 25.54%.
Insider Activity
In other news, CFO Deidra C. Merriwether sold 2,339 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $1,064.73, for a total value of $2,490,403.47. Following the completion of the transaction, the chief financial officer owned 10,235 shares in the company, valued at approximately $10,897,511.55. The trade was a 18.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.30% of the company’s stock.
Wall Street Analysts Forecast Growth
GWW has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on W.W. Grainger from $1,100.00 to $1,190.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Weiss Ratings raised W.W. Grainger from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Oppenheimer lifted their price objective on W.W. Grainger from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Barclays lifted their price objective on W.W. Grainger from $1,044.00 to $1,047.00 and gave the company an “underweight” rating in a report on Monday, March 16th. Finally, JPMorgan Chase & Co. lifted their price objective on W.W. Grainger from $1,100.00 to $1,165.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $1,096.71.
Get Our Latest Stock Report on GWW
About W.W. Grainger
W.W. Grainger, Inc (NYSE: GWW) is an industrial supply distributor founded in 1927 and headquartered in Lake Forest, Illinois. The company supplies maintenance, repair and operations (MRO) products and services to businesses, institutions and government customers. Over its long history Grainger has developed a broad product assortment and a national distribution network that supports operations across a range of end markets, including manufacturing, healthcare, hospitality, transportation and public sector organizations.
Grainger’s product portfolio spans core categories such as electrical and lighting, safety and personal protective equipment, material handling, motors and power transmission, plumbing and HVAC, fasteners and adhesives, hand and power tools, and janitorial and facility supplies.
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