W.W. Grainger, Inc. (NYSE:GWW) Shares Acquired by Belpointe Asset Management LLC

Belpointe Asset Management LLC grew its stake in W.W. Grainger, Inc. (NYSE:GWWFree Report) by 4.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 359 shares of the industrial products company’s stock after buying an additional 16 shares during the period. Belpointe Asset Management LLC’s holdings in W.W. Grainger were worth $298,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of W.W. Grainger in the 4th quarter valued at $30,000. Valley National Advisers Inc. acquired a new stake in W.W. Grainger during the 4th quarter worth $40,000. McGlone Suttner Wealth Management Inc. acquired a new stake in W.W. Grainger during the 4th quarter worth $45,000. Friedenthal Financial acquired a new stake in W.W. Grainger during the 4th quarter worth $45,000. Finally, CVA Family Office LLC acquired a new stake in W.W. Grainger during the 4th quarter worth $51,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

Shares of GWW opened at $892.25 on Friday. The company has a 50-day simple moving average of $951.73 and a 200-day simple moving average of $912.82. The company has a quick ratio of 1.33, a current ratio of 2.19 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $43.78 billion, a PE ratio of 24.63, a P/E/G ratio of 1.74 and a beta of 1.16. W.W. Grainger, Inc. has a 52-week low of $674.41 and a 52-week high of $1,034.18.

W.W. Grainger (NYSE:GWWGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.57 by $0.05. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. W.W. Grainger had a net margin of 10.94% and a return on equity of 54.31%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $9.61 EPS. Equities research analysts predict that W.W. Grainger, Inc. will post 39.34 earnings per share for the current fiscal year.

W.W. Grainger Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Monday, May 13th were issued a dividend of $2.05 per share. This is an increase from W.W. Grainger’s previous quarterly dividend of $1.86. This represents a $8.20 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, May 10th. W.W. Grainger’s dividend payout ratio (DPR) is 22.64%.

Wall Street Analyst Weigh In

GWW has been the subject of a number of recent research reports. UBS Group increased their price target on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Oppenheimer increased their price target on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Baird R W cut shares of W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Finally, Loop Capital decreased their price target on shares of W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating for the company in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $959.44.

Check Out Our Latest Analysis on GWW

W.W. Grainger Company Profile

(Free Report)

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.

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

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