BSW Wealth Partners Cuts Stake in W.W. Grainger, Inc. (GWW)
BSW Wealth Partners cut its position in W.W. Grainger, Inc. (NYSE:GWW) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,577 shares of the industrial products company’s stock after selling 126 shares during the period. BSW Wealth Partners’ holdings in W.W. Grainger were worth $285,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Compass Capital Management Inc. increased its stake in shares of W.W. Grainger by 1.1% in the first quarter. Compass Capital Management Inc. now owns 88,988 shares of the industrial products company’s stock worth $20,713,000 after buying an additional 987 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in shares of W.W. Grainger during the first quarter worth about $20,885,000. Tyers Asset Management LLC increased its stake in shares of W.W. Grainger by 9.4% in the first quarter. Tyers Asset Management LLC now owns 2,940 shares of the industrial products company’s stock worth $684,000 after buying an additional 252 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of W.W. Grainger by 2.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,040 shares of the industrial products company’s stock worth $2,104,000 after buying an additional 177 shares in the last quarter. Finally, Advisor Partners LLC increased its stake in shares of W.W. Grainger by 11.5% in the first quarter. Advisor Partners LLC now owns 1,030 shares of the industrial products company’s stock worth $240,000 after buying an additional 106 shares in the last quarter. 80.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of W.W. Grainger, Inc. (NYSE GWW) opened at 157.16 on Wednesday. W.W. Grainger, Inc. has a 12-month low of $155.10 and a 12-month high of $262.71. The firm has a market cap of $9.07 billion, a P/E ratio of 18.12 and a beta of 0.74. The company has a 50-day moving average of $167.12 and a 200 day moving average of $199.00.
W.W. Grainger (NYSE:GWW) last posted its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.09. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the previous year, the company earned $2.89 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. Equities research analysts anticipate that W.W. Grainger, Inc. will post $10.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be given a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, August 10th. W.W. Grainger’s dividend payout ratio is 59.12%.
A number of brokerages have recently issued reports on GWW. BidaskClub upgraded shares of W.W. Grainger from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Royal Bank Of Canada cut their price target on shares of W.W. Grainger from $166.00 to $156.00 and set an “underperform” rating for the company in a report on Monday, May 15th. TheStreet downgraded shares of W.W. Grainger from a “b-” rating to a “c+” rating in a report on Thursday, May 11th. BMO Capital Markets restated a “hold” rating and set a $198.00 price target on shares of W.W. Grainger in a report on Thursday, May 25th. Finally, UBS AG restated a “neutral” rating and set a $180.00 price target (down previously from $275.00) on shares of W.W. Grainger in a report on Wednesday, May 24th. Five investment 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 an average target price of $180.33.
W.W. Grainger Company Profile
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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