Amanah Holdings Trust bought a new position in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 21,000 shares of the industrial products company’s stock, valued at approximately $21,190,000. W.W. Grainger makes up 3.1% of Amanah Holdings Trust’s portfolio, making the stock its 12th largest position.
A number of other institutional investors have also added to or reduced their stakes in the business. Mattern Capital Management LLC boosted its holdings in shares of W.W. Grainger by 4.8% in the fourth quarter. Mattern Capital Management LLC now owns 12,234 shares of the industrial products company’s stock worth $12,345,000 after buying an additional 563 shares during the period. Banco BTG Pactual S.A. acquired a new stake in shares of W.W. Grainger during the fourth quarter valued at approximately $1,048,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of W.W. Grainger by 212.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 54,215 shares of the industrial products company’s stock valued at $55,795,000 after acquiring an additional 36,855 shares during the period. SG Americas Securities LLC lifted its position in shares of W.W. Grainger by 160.6% in the 4th quarter. SG Americas Securities LLC now owns 68,139 shares of the industrial products company’s stock valued at $68,756,000 after acquiring an additional 41,990 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its position in shares of W.W. Grainger by 176.7% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,558 shares of the industrial products company’s stock valued at $1,485,000 after acquiring an additional 995 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.
W.W. Grainger Stock Performance
Shares of NYSE GWW opened at $1,364.88 on Friday. 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 one year low of $906.52 and a one year high of $1,365.42. The business’s 50-day moving average price is $1,229.70 and its two-hundred day moving average price is $1,126.88. The company has a market capitalization of $64.44 billion, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 2.42 and a beta of 1.04.
W.W. Grainger Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were paid a $2.49 dividend. This represents a $9.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, May 11th. This is a boost from W.W. Grainger’s previous quarterly dividend of $2.26. W.W. Grainger’s dividend payout ratio (DPR) is presently 26.79%.
Analysts Set New Price Targets
Several equities analysts have weighed in on GWW shares. Barclays lifted their price objective on shares of W.W. Grainger from $1,047.00 to $1,171.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 12th. DA Davidson assumed coverage on W.W. Grainger in a research report on Tuesday. They issued a “neutral” rating and a $1,250.00 target price for the company. Royal Bank Of Canada lifted their price target on W.W. Grainger from $1,170.00 to $1,337.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Sanford C. Bernstein upped their price target on 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. Finally, Stephens increased their price objective on W.W. Grainger from $1,300.00 to $1,355.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $1,217.00.
Get Our Latest Report on W.W. Grainger
Insider Buying and Selling at W.W. Grainger
In other W.W. Grainger news, CFO Deidra C. Merriwether sold 1,488 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $1,114.28, for a total transaction of $1,658,048.64. Following the transaction, the chief financial officer directly owned 10,541 shares in the company, valued at $11,745,625.48. This trade represents a 12.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paige K. Robbins sold 1,457 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,232.29, for a total value of $1,795,446.53. Following the transaction, the vice president owned 2,232 shares in the company, valued at approximately $2,750,471.28. This trade represents a 39.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 6,451 shares of company stock valued at $7,380,743. Company insiders own 6.30% of the company’s stock.
W.W. Grainger Company Profile
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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