Bryn Mawr Trust Advisors LLC bought a new position in W.W. Grainger, Inc. (NYSE:GWW – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 668 shares of the industrial products company’s stock, valued at approximately $908,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC raised its position in shares of W.W. Grainger by 420.0% in the second quarter. Elevation Wealth Partners LLC now owns 26 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 21 shares during the period. Miller Capital Partners Inc. bought a new stake in shares of W.W. Grainger during the 4th quarter worth $26,000. MV Capital Management Inc. bought a new stake in shares of W.W. Grainger during the 4th quarter worth $28,000. Elyxium Wealth LLC acquired a new position in W.W. Grainger in the 4th quarter valued at $30,000. Finally, Caitlin John LLC acquired a new position in W.W. Grainger in the 4th quarter valued at $35,000. Institutional investors own 80.70% of the company’s stock.
W.W. Grainger Trading Up 0.1%
Shares of GWW stock opened at $1,322.34 on Friday. The firm has a fifty day moving average of $1,345.39 and a 200-day moving average of $1,221.07. The stock has a market cap of $62.28 billion, a price-to-earnings ratio of 33.72, a P/E/G ratio of 2.35 and a beta of 1.04. W.W. Grainger, Inc. has a 52-week low of $906.52 and a 52-week high of $1,419.91. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.70 and a current ratio of 2.81.
W.W. Grainger Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be issued a dividend of $2.49 per share. This represents a $9.96 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, August 10th. W.W. Grainger’s payout ratio is presently 25.40%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on GWW shares. Oppenheimer boosted their target price on shares of W.W. Grainger from $1,350.00 to $1,375.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. DA Davidson raised their price target on W.W. Grainger from $1,250.00 to $1,260.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Wolfe Research upgraded W.W. Grainger from an “underperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Royal Bank Of Canada cut their price objective on W.W. Grainger from $1,460.00 to $1,428.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 5th. Finally, Wall Street Zen upgraded W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, W.W. Grainger currently has a consensus rating of “Hold” and an average target price of $1,274.12.
Check Out Our Latest Stock Analysis on GWW
W.W. Grainger Profile
W.W. Grainger, Inc (NYSE: GWW) is an industrial supply distributor founded in 1927 and headquartered in Lake Forest, Illinois. The company supplies maintenance, repair and operations (MRO) products and services to businesses, institutions and government customers. Over its long history Grainger has developed a broad product assortment and a national distribution network that supports operations across a range of end markets, including manufacturing, healthcare, hospitality, transportation and public sector organizations.
Grainger’s product portfolio spans core categories such as electrical and lighting, safety and personal protective equipment, material handling, motors and power transmission, plumbing and HVAC, fasteners and adhesives, hand and power tools, and janitorial and facility supplies.
Recommended Stories
- Five stocks we like better than W.W. Grainger
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.W. Grainger, Inc. (NYSE:GWW – Free Report).
Receive News & Ratings for W.W. Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.W. Grainger and related companies with MarketBeat.com's FREE daily email newsletter.
