W.W. Grainger, Inc. (NYSE:GWW) Shares Bought by Diversified Trust Co

Diversified Trust Co raised its position in W.W. Grainger, Inc. (NYSE:GWW) by 280.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,621 shares of the industrial products company’s stock after buying an additional 1,932 shares during the period. Diversified Trust Co’s holdings in W.W. Grainger were worth $2,365,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Bfsg LLC purchased a new position in W.W. Grainger in the 1st quarter worth approximately $26,000. Valued Wealth Advisors LLC lifted its stake in W.W. Grainger by 170.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 27 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 17 shares in the last quarter. Scarborough Advisors LLC purchased a new position in W.W. Grainger in the 4th quarter worth approximately $28,000. Newbridge Financial Services Group Inc. lifted its stake in W.W. Grainger by 275.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 45 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 33 shares in the last quarter. Finally, Washington Trust Advisors Inc. lifted its stake in W.W. Grainger by 225.0% in the 1st quarter. Washington Trust Advisors Inc. now owns 39 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 27 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Stock Down 0.2 %

Shares of NYSE:GWW traded down $1.47 during trading on Wednesday, hitting $959.67. The company’s stock had a trading volume of 19,471 shares, compared to its average volume of 244,774. The business has a 50 day moving average price of $930.97 and a two-hundred day moving average price of $950.30. The company has a market capitalization of $47.09 billion, a PE ratio of 26.54, a P/E/G ratio of 1.85 and a beta of 1.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 2.30. W.W. Grainger, Inc. has a fifty-two week low of $674.41 and a fifty-two week high of $1,034.18.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, topping the consensus estimate of $9.58 by $0.18. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.35 billion. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $9.28 earnings per share. As a group, research analysts expect that W.W. Grainger, Inc. will post 39.1 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Monday, August 12th will be paid a dividend of $2.05 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.85%. W.W. Grainger’s payout ratio is currently 22.64%.

Insider Buying and Selling

In related news, SVP Matt Fortin sold 511 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $915.20, for a total transaction of $467,667.20. Following the completion of the transaction, the senior vice president now owns 1,848 shares in the company, valued at $1,691,289.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 9.50% of the company’s stock.

Analyst Upgrades and Downgrades

GWW has been the topic of a number of research reports. Erste Group Bank reissued a “hold” rating on shares of W.W. Grainger in a research note on Friday, June 14th. Royal Bank of Canada reduced their price target on shares of W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Baird R W lowered shares of W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. JPMorgan Chase & Co. lifted their price target on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Robert W. Baird lowered shares of W.W. Grainger from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $1,000.00 to $975.00 in a research report on Wednesday, May 29th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1,017.13.

About W.W. Grainger

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.