Shell Asset Management Co. Maintains Position in W.W. Grainger, Inc. (NYSE:GWW)
Shell Asset Management Co. continued to hold its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) during the second quarter, Holdings Channel reports. The institutional investor owned 4,030 shares of the industrial products company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in W.W. Grainger were worth $728,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Welch & Forbes LLC boosted its stake in W.W. Grainger by 0.3% in the first quarter. Welch & Forbes LLC now owns 865 shares of the industrial products company’s stock worth $201,000 after buying an additional 3 shares during the period. Cypress Wealth Advisors LLC boosted its stake in W.W. Grainger by 0.4% in the first quarter. Cypress Wealth Advisors LLC now owns 988 shares of the industrial products company’s stock worth $230,000 after buying an additional 4 shares during the period. Capital One National Association boosted its stake in W.W. Grainger by 0.5% in the first quarter. Capital One National Association now owns 1,513 shares of the industrial products company’s stock worth $352,000 after buying an additional 8 shares during the period. Trust Co. of Vermont boosted its stake in W.W. Grainger by 0.7% in the second quarter. Trust Co. of Vermont now owns 1,293 shares of the industrial products company’s stock worth $234,000 after buying an additional 9 shares during the period. Finally, Fernwood Investment Management LLC boosted its stake in W.W. Grainger by 0.8% in the first quarter. Fernwood Investment Management LLC now owns 1,790 shares of the industrial products company’s stock worth $417,000 after buying an additional 14 shares during the period. Institutional investors own 82.43% of the company’s stock.
Shares of W.W. Grainger, Inc. (NYSE GWW) opened at 163.82 on Friday. The stock’s 50 day moving average price is $171.63 and its 200 day moving average price is $205.48. W.W. Grainger, Inc. has a 12-month low of $160.29 and a 12-month high of $262.71. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 18.88 and a beta of 0.74.
W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the company posted $2.89 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities research analysts expect that W.W. Grainger, Inc. will post $10.38 earnings per share for the current year.
The business 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 dividend of $1.28 per share. The ex-dividend date is Thursday, August 10th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 3.13%. W.W. Grainger’s payout ratio is 59.12%.
GWW has been the topic of a number of research analyst reports. J P Morgan Chase & Co initiated coverage on W.W. Grainger in a research note on Friday, June 2nd. They issued a “neutral” rating and a $180.00 price target on the stock. Zacks Investment Research cut W.W. Grainger from a “hold” rating to a “strong sell” rating in a research note on Friday, April 21st. TheStreet cut W.W. Grainger from a “b-” rating to a “c+” rating in a research note on Thursday, May 11th. Credit Suisse Group restated an “underperform” rating and issued a $150.00 price target (down previously from $175.00) on shares of W.W. Grainger in a research note on Thursday, July 20th. Finally, William Blair cut W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Monday, April 24th. Five research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. W.W. Grainger currently has a consensus rating of “Hold” and a consensus price target 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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