250 Shares in W.W. Grainger, Inc. (NYSE:GWW) Bought by CoreCap Advisors LLC

CoreCap Advisors LLC acquired a new position in shares of W.W. Grainger, Inc. (NYSE:GWWGet Rating) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 250 shares of the industrial products company’s stock, valued at approximately $114,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Quent Capital LLC raised its holdings in shares of W.W. Grainger by 7.2% during the second quarter. Quent Capital LLC now owns 282 shares of the industrial products company’s stock worth $128,000 after acquiring an additional 19 shares in the last quarter. V Wealth Advisors LLC increased its position in W.W. Grainger by 3.8% during the second quarter. V Wealth Advisors LLC now owns 629 shares of the industrial products company’s stock worth $286,000 after buying an additional 23 shares during the last quarter. Park Avenue Securities LLC increased its position in W.W. Grainger by 4.2% during the second quarter. Park Avenue Securities LLC now owns 574 shares of the industrial products company’s stock worth $261,000 after buying an additional 23 shares during the last quarter. Private Advisor Group LLC increased its position in W.W. Grainger by 2.2% during the first quarter. Private Advisor Group LLC now owns 1,067 shares of the industrial products company’s stock worth $550,000 after buying an additional 23 shares during the last quarter. Finally, McDonald Partners LLC increased its position in W.W. Grainger by 1.2% during the second quarter. McDonald Partners LLC now owns 2,001 shares of the industrial products company’s stock worth $909,000 after buying an additional 24 shares during the last quarter. 71.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on GWW. Morgan Stanley increased their target price on shares of W.W. Grainger from $448.00 to $485.00 and gave the stock an “underweight” rating in a research report on Monday, October 31st. Oppenheimer increased their target price on shares of W.W. Grainger to $660.00 in a research report on Tuesday, November 1st. Robert W. Baird increased their target price on shares of W.W. Grainger from $590.00 to $640.00 and gave the stock an “outperform” rating in a research report on Monday, October 31st. Stephens increased their target price on shares of W.W. Grainger from $565.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Monday, August 1st. Finally, Royal Bank of Canada raised their price target 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $572.83.

W.W. Grainger Trading Down 0.2 %

Shares of NYSE:GWW opened at $604.32 on Friday. The company has a market cap of $30.54 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.58 and a beta of 1.25. The stock’s 50-day moving average is $544.95 and its 200-day moving average is $519.55. W.W. Grainger, Inc. has a 52-week low of $440.48 and a 52-week high of $612.06. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.46 and a current ratio of 2.63.

W.W. Grainger Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 14th will be given a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, November 10th. W.W. Grainger’s dividend payout ratio (DPR) is presently 24.60%.

W.W. Grainger Company Profile

(Get Rating)

W.W. Grainger, Inc operates as a supplier of maintenance, repair and operating products (MRO), with operations also in Europe, Asia and Latin America. It operates through two segments: United States and Canada. The United States segment offers a selection of MRO products and services through its eCommerce platforms, catalogs, branches and sales and service representatives.

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

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