Acadian Asset Management LLC Acquires 5,186 Shares of W.W. Grainger, Inc. (NYSE:GWW)
Acadian Asset Management LLC raised its stake in W.W. Grainger, Inc. (NYSE:GWW) by 3,652.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 5,328 shares of the industrial products company’s stock after buying an additional 5,186 shares during the period. Acadian Asset Management LLC’s holdings in W.W. Grainger were worth $962,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of GWW. Harfst & Associates Inc. acquired a new position in shares of W.W. Grainger during the first quarter valued at $116,000. Salem Investment Counselors Inc. acquired a new position in shares of W.W. Grainger during the first quarter valued at $138,000. NEXT Financial Group Inc boosted its position in shares of W.W. Grainger by 35.0% in the first quarter. NEXT Financial Group Inc now owns 783 shares of the industrial products company’s stock valued at $151,000 after buying an additional 203 shares during the period. Twin Tree Management LP acquired a new position in shares of W.W. Grainger during the first quarter valued at $195,000. Finally, Mosaic Family Wealth LLC boosted its position in shares of W.W. Grainger by 2.7% in the first quarter. Mosaic Family Wealth LLC now owns 840 shares of the industrial products company’s stock valued at $195,000 after buying an additional 22 shares during the period. Hedge funds and other institutional investors own 82.43% of the company’s stock.
W.W. Grainger, Inc. (GWW) traded up 0.572% during midday trading on Friday, reaching $164.455. 204,224 shares of the company’s stock were exchanged. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 18.957 and a beta of 0.74. W.W. Grainger, Inc. has a 52 week low of $160.29 and a 52 week high of $262.71. The firm’s 50 day moving average is $171.89 and its 200 day moving average is $206.07.
W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.09. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the prior year, the company earned $2.89 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, equities analysts anticipate that W.W. Grainger, Inc. will post $10.38 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be paid a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 3.13%. The ex-dividend date is Thursday, August 10th. W.W. Grainger’s dividend payout ratio is currently 59.12%.
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Several equities analysts have recently weighed in on the stock. UBS AG reiterated a “neutral” rating and issued a $180.00 price objective (down previously from $275.00) on shares of W.W. Grainger in a research note on Wednesday, May 24th. Northcoast Research assumed coverage on shares of W.W. Grainger in a research note on Tuesday, July 25th. They issued a “neutral” rating on the stock. BidaskClub upgraded shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Macquarie cut shares of W.W. Grainger from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $286.00 to $200.00 in a research note on Friday, May 26th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $174.00 price objective (down previously from $202.50) on shares of W.W. Grainger in a research note on Wednesday, July 12th. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $180.33.
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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