PFS Investments Inc. Raises Stake in W.W. Grainger, Inc. (NYSE:GWW)

PFS Investments Inc. boosted its position in W.W. Grainger, Inc. (NYSE:GWWGet Rating) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,574 shares of the industrial products company’s stock after buying an additional 288 shares during the quarter. PFS Investments Inc.’s holdings in W.W. Grainger were worth $7,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC boosted its stake in W.W. Grainger by 140.1% in the first quarter. Hsbc Holdings PLC now owns 207,378 shares of the industrial products company’s stock worth $107,335,000 after buying an additional 120,993 shares in the last quarter. SVB Wealth LLC lifted its position in W.W. Grainger by 5.3% in the first quarter. SVB Wealth LLC now owns 888 shares of the industrial products company’s stock valued at $458,000 after purchasing an additional 45 shares during the last quarter. Centaurus Financial Inc. bought a new stake in W.W. Grainger in the first quarter valued at approximately $124,000. ING Groep NV lifted its position in W.W. Grainger by 21.6% in the first quarter. ING Groep NV now owns 6,866 shares of the industrial products company’s stock valued at $3,541,000 after purchasing an additional 1,218 shares during the last quarter. Finally, Verition Fund Management LLC lifted its position in W.W. Grainger by 1,089.0% in the first quarter. Verition Fund Management LLC now owns 6,706 shares of the industrial products company’s stock valued at $3,459,000 after purchasing an additional 6,142 shares during the last quarter. Hedge funds and other institutional investors own 71.33% of the company’s stock.

Insider Transactions at W.W. Grainger

In other news, VP Paige K. Robbins sold 2,330 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $500.03, for a total value of $1,165,069.90. Following the sale, the vice president now directly owns 11,996 shares of the company’s stock, valued at $5,998,359.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 10.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GWW shares. Stephens boosted their price objective on W.W. Grainger from $565.00 to $600.00 and gave the company an “equal weight” rating in a research report on Monday, August 1st. Royal Bank of Canada boosted their price objective on W.W. Grainger from $399.00 to $422.00 and gave the company an “underperform” rating in a research report on Monday, August 1st. Morgan Stanley boosted their price objective on W.W. Grainger from $421.00 to $448.00 and gave the company an “underweight” rating in a research report on Monday, August 1st. Robert W. Baird boosted their price objective on W.W. Grainger from $505.00 to $600.00 and gave the company an “outperform” rating in a research report on Monday, August 1st. Finally, StockNews.com downgraded W.W. Grainger from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 16th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $518.57.

W.W. Grainger Price Performance

GWW opened at $572.74 on Friday. The stock has a fifty day simple moving average of $529.46 and a two-hundred day simple moving average of $502.22. The company has a current ratio of 2.58, a quick ratio of 1.44 and a debt-to-equity ratio of 0.94. The company has a market cap of $29.14 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21. W.W. Grainger, Inc. has a 12-month low of $391.16 and a 12-month high of $588.62.

W.W. Grainger (NYSE:GWWGet Rating) last posted its quarterly earnings data on Friday, July 29th. The industrial products company reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.65 by $0.54. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.69 billion. W.W. Grainger had a return on equity of 57.59% and a net margin of 9.23%. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.27 earnings per share. Research analysts predict that W.W. Grainger, Inc. will post 28.07 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 8th were paid a $1.72 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $6.88 dividend on an annualized basis and a dividend yield of 1.20%. W.W. Grainger’s dividend payout ratio is currently 27.14%.

W.W. Grainger Profile

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W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. It offers safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.

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Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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