Stephens Inc. AR Acquires 121 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Stephens Inc. AR lifted its stake in W.W. Grainger, Inc. (NYSE:GWWFree Report) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,124 shares of the industrial products company’s stock after purchasing an additional 121 shares during the period. Stephens Inc. AR’s holdings in W.W. Grainger were worth $931,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GWW. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of W.W. Grainger in the 4th quarter worth $30,000. Valley National Advisers Inc. purchased a new stake in W.W. Grainger in the fourth quarter worth about $40,000. McGlone Suttner Wealth Management Inc. bought a new position in W.W. Grainger during the 4th quarter worth about $45,000. Friedenthal Financial purchased a new position in W.W. Grainger during the 4th quarter valued at about $45,000. Finally, CVA Family Office LLC bought a new stake in shares of W.W. Grainger in the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Trading Up 0.6 %

NYSE GWW opened at $897.36 on Tuesday. W.W. Grainger, Inc. has a 12-month low of $674.41 and a 12-month high of $1,034.18. The company has a fifty day simple moving average of $949.23 and a two-hundred day simple moving average of $914.89. The company has a current ratio of 2.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The stock has a market cap of $44.03 billion, a P/E ratio of 24.78, a P/E/G ratio of 1.74 and a beta of 1.16.

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

W.W. Grainger Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Monday, May 13th were given a $2.05 dividend. The ex-dividend date was Friday, May 10th. This represents a $8.20 dividend on an annualized basis and a yield of 0.91%. This is a positive change from W.W. Grainger’s previous quarterly dividend of $1.86. W.W. Grainger’s dividend payout ratio is currently 22.64%.

Wall Street Analysts Forecast Growth

GWW has been the topic of several research reports. Oppenheimer lifted their price objective on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Loop Capital dropped their price objective on W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Robert W. Baird downgraded shares of W.W. Grainger from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $1,000.00 to $975.00 in a report on Wednesday, May 29th. Finally, Baird R W cut shares of W.W. Grainger from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $959.44.

Get Our Latest Research Report on GWW

W.W. Grainger 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.

Further Reading

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

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