Crew Capital Management Ltd. Has $267,000 Position in W.W. Grainger, Inc. (NYSE:GWW)

Crew Capital Management Ltd. raised its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 4.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 270 shares of the industrial products company’s stock after purchasing an additional 12 shares during the period. Crew Capital Management Ltd.’s holdings in W.W. Grainger were worth $267,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in shares of W.W. Grainger by 46.8% in the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 102 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of W.W. Grainger in the 4th quarter valued at $175,000. Jones Financial Companies Lllp lifted its stake in shares of W.W. Grainger by 61.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,018 shares of the industrial products company’s stock valued at $1,073,000 after purchasing an additional 387 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of W.W. Grainger by 19.1% in the 4th quarter. Victory Capital Management Inc. now owns 43,818 shares of the industrial products company’s stock valued at $46,186,000 after purchasing an additional 7,033 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of W.W. Grainger by 159.0% in the 4th quarter. Assetmark Inc. now owns 202 shares of the industrial products company’s stock valued at $213,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insider Activity at W.W. Grainger

In other news, VP Krantz Nancy L. Berardinelli sold 280 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $1,075.20, for a total transaction of $301,056.00. Following the sale, the vice president directly owned 3,369 shares of the company’s stock, valued at $3,622,348.80. This represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Laurie R. Thomson sold 761 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $1,042.86, for a total transaction of $793,616.46. Following the sale, the vice president directly owned 578 shares in the company, valued at $602,773.08. This trade represents a 56.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GWW has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of W.W. Grainger from $1,100.00 to $1,125.00 and gave the company a “neutral” rating in a research note on Tuesday, May 27th. William Blair raised shares of W.W. Grainger from a “market perform” rating to an “outperform” rating in a research report on Monday, March 10th. Royal Bank Of Canada boosted their target price on shares of W.W. Grainger from $1,097.00 to $1,144.00 and gave the stock a “sector perform” rating in a research report on Friday, May 2nd. Finally, Wolfe Research lowered shares of W.W. Grainger from a “peer perform” rating to an “underperform” rating and set a $966.00 target price for the company. in a research report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $1,123.13.

W.W. Grainger Price Performance

NYSE:GWW opened at $1,050.49 on Friday. The firm has a market cap of $50.46 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 2.75 and a beta of 1.18. W.W. Grainger, Inc. has a 12 month low of $888.75 and a 12 month high of $1,227.66. The company has a quick ratio of 1.60, a current ratio of 2.74 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $1,060.91 and its two-hundred day moving average price is $1,038.86.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $9.86 EPS for the quarter, beating analysts’ consensus estimates of $9.51 by $0.35. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.31 billion. W.W. Grainger had a net margin of 11.08% and a return on equity of 51.28%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $9.62 earnings per share. On average, equities analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Monday, May 12th were paid a dividend of $2.26 per share. This is a boost from W.W. Grainger’s previous quarterly dividend of $2.05. This represents a $9.04 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Monday, May 12th. W.W. Grainger’s dividend payout ratio is 23.21%.

W.W. Grainger Company Profile

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.