Golub Group LLC Acquires 1,358 Shares of W.W. Grainger, Inc. (GWW)
Golub Group LLC raised its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 1.2% during the first quarter, Holdings Channel reports. The institutional investor owned 111,183 shares of the industrial products company’s stock after buying an additional 1,358 shares during the period. W.W. Grainger comprises 2.5% of Golub Group LLC’s holdings, making the stock its 21st largest position. Golub Group LLC owned approximately 0.19% of W.W. Grainger worth $25,879,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP acquired a new position in W.W. Grainger during the first quarter worth about $147,000,000. Norges Bank acquired a new position in W.W. Grainger during the fourth quarter worth about $114,153,000. Alyeska Investment Group L.P. acquired a new position in W.W. Grainger during the fourth quarter worth about $44,851,000. FIL Ltd increased its position in W.W. Grainger by 4,461.8% in the first quarter. FIL Ltd now owns 182,518 shares of the industrial products company’s stock worth $42,483,000 after buying an additional 178,517 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in W.W. Grainger by 196.6% in the first quarter. Teachers Advisors LLC now owns 203,491 shares of the industrial products company’s stock worth $47,365,000 after buying an additional 134,893 shares in the last quarter. Hedge funds and other institutional investors own 80.59% of the company’s stock.
W.W. Grainger, Inc. (GWW) traded up 2.01% on Friday, hitting $180.32. 1,276,037 shares of the company’s stock were exchanged. The company has a market cap of $10.53 billion, a PE ratio of 18.41 and a beta of 0.74. W.W. Grainger, Inc. has a 12-month low of $168.58 and a 12-month high of $262.71. The company’s 50-day moving average price is $179.61 and its 200-day moving average price is $223.27.
W.W. Grainger (NYSE:GWW) last issued its earnings results on Tuesday, April 18th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.99 by $0.11. W.W. Grainger had a net margin of 5.84% and a return on equity of 33.24%. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the company posted $3.18 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Analysts forecast that W.W. Grainger, Inc. will post $10.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 8th were issued a $1.28 dividend. This is a boost from W.W. Grainger’s previous quarterly dividend of $1.22. The ex-dividend date was Thursday, May 4th. This represents a $5.12 annualized dividend and a dividend yield of 2.84%. W.W. Grainger’s dividend payout ratio is presently 52.35%.
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GWW has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated a “sell” rating and set a $166.00 price objective (down from $209.00) on shares of W.W. Grainger in a research note on Wednesday, April 19th. Stephens set a $190.00 target price on shares of W.W. Grainger and gave the company a “hold” rating in a research report on Wednesday, April 19th. Zacks Investment Research cut shares of W.W. Grainger from a “hold” rating to a “strong sell” rating in a research report on Friday, April 21st. William Blair cut shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Monday, April 24th. Finally, Credit Suisse Group cut shares of W.W. Grainger from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $235.00 to $175.00 in a research report on Wednesday, April 19th. Six research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. W.W. Grainger presently has an average rating of “Hold” and a consensus price target of $189.60.
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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