Eurizon Capital SGR S.p.A. acquired a new position in W.W. Grainger, Inc. (NYSE:GWW – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,218 shares of the industrial products company’s stock, valued at approximately $10,318,000.
Other institutional investors have also bought and sold shares of the company. Ameriflex Group Inc. boosted its position in W.W. Grainger by 211.1% during the third quarter. Ameriflex Group Inc. now owns 28 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 19 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in W.W. Grainger by 314.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 29 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 22 shares during the last quarter. Elyxium Wealth LLC bought a new stake in W.W. Grainger during the fourth quarter valued at $30,000. State of Wyoming boosted its position in W.W. Grainger by 650.0% during the second quarter. State of Wyoming now owns 45 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 39 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in W.W. Grainger during the fourth quarter valued at $57,000. Institutional investors own 80.70% of the company’s stock.
W.W. Grainger Price Performance
GWW stock opened at $1,234.01 on Monday. The stock has a market capitalization of $58.26 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. The company’s 50-day moving average is $1,166.47 and its 200-day moving average is $1,090.43. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.69 and a quick ratio of 1.60. W.W. Grainger, Inc. has a 1 year low of $906.52 and a 1 year high of $1,286.56.
W.W. Grainger Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be given a dividend of $2.49 per share. This is a boost from W.W. Grainger’s previous quarterly dividend of $2.26. The ex-dividend date of this dividend is Monday, May 11th. This represents a $9.96 dividend on an annualized basis and a dividend yield of 0.8%. W.W. Grainger’s payout ratio is currently 26.79%.
Insider Activity at W.W. Grainger
In other news, SVP Jonny M. Leroy sold 854 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,231.06, for a total transaction of $1,051,325.24. Following the transaction, the senior vice president owned 1,554 shares of the company’s stock, valued at $1,913,067.24. This represents a 35.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Laurie R. Thomson sold 313 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,231.69, for a total transaction of $385,518.97. Following the transaction, the vice president directly owned 399 shares in the company, valued at $491,444.31. This trade represents a 43.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 6,451 shares of company stock worth $7,380,743 over the last quarter. Company insiders own 6.30% of the company’s stock.
Analyst Upgrades and Downgrades
GWW has been the topic of a number of research analyst reports. Sanford C. Bernstein upped their price target on shares of W.W. Grainger from $1,052.00 to $1,125.00 and gave the company a “market perform” rating in a research report on Tuesday, April 21st. Morgan Stanley upped their price target on shares of W.W. Grainger from $1,190.00 to $1,300.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Barclays upped their price target on shares of W.W. Grainger from $1,047.00 to $1,171.00 and gave the company an “underweight” rating in a research report on Tuesday, May 12th. Oppenheimer upped their price target on shares of W.W. Grainger from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada upped their price target on shares of W.W. Grainger from $1,170.00 to $1,337.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $1,212.88.
Check Out Our Latest Report on GWW
About W.W. Grainger
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.
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