Duncker Streett & Co. Inc. lifted its holdings in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 154.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 712 shares of the industrial products company’s stock after buying an additional 432 shares during the period. Duncker Streett & Co. Inc.’s holdings in W.W. Grainger were worth $777,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of W.W. Grainger during the 1st quarter valued at approximately $842,000. Resonant Capital Advisors LLC raised its stake in shares of W.W. Grainger by 37.4% in the first quarter. Resonant Capital Advisors LLC now owns 301 shares of the industrial products company’s stock valued at $328,000 after buying an additional 82 shares during the period. United Asset Strategies Inc. lifted its position in shares of W.W. Grainger by 1,435.3% during the 1st quarter. United Asset Strategies Inc. now owns 13,910 shares of the industrial products company’s stock valued at $15,173,000 after buying an additional 13,004 shares during the last quarter. Integrated Advisors Network LLC bought a new position in shares of W.W. Grainger during the 1st quarter worth $648,000. Finally, PUREfi Wealth LLC grew its stake in shares of W.W. Grainger by 11.9% during the 1st quarter. PUREfi Wealth LLC now owns 358 shares of the industrial products company’s stock worth $391,000 after acquiring an additional 38 shares during the period. Institutional investors own 80.70% of the company’s stock.
W.W. Grainger Price Performance
Shares of NYSE:GWW opened at $1,354.98 on Wednesday. The company has a 50 day moving average of $1,279.90 and a 200 day moving average of $1,160.03. The company has a current ratio of 2.69, a quick ratio of 1.60 and a debt-to-equity ratio of 0.55. The stock has a market cap of $63.97 billion, a P/E ratio of 36.44, a P/E/G ratio of 2.53 and a beta of 1.03. W.W. Grainger, Inc. has a 12 month low of $906.52 and a 12 month high of $1,390.96.
W.W. Grainger Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were given a dividend of $2.49 per share. The ex-dividend date was Monday, May 11th. This is a positive change from W.W. Grainger’s previous quarterly dividend of $2.26. This represents a $9.96 annualized dividend and a yield of 0.7%. W.W. Grainger’s dividend payout ratio (DPR) is presently 26.79%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on GWW. Barclays lowered their price objective on W.W. Grainger from $1,171.00 to $1,166.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 23rd. DA Davidson began coverage on shares of W.W. Grainger in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $1,250.00 target price for the company. Wall Street Zen raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Weiss Ratings downgraded shares of W.W. Grainger from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Finally, Stephens boosted their target price on shares of W.W. Grainger from $1,300.00 to $1,355.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1,216.44.
Check Out Our Latest Stock Analysis on W.W. Grainger
Insiders Place Their Bets
In related news, VP Laurie R. Thomson sold 313 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,231.69, for a total value of $385,518.97. Following the transaction, the vice president directly owned 399 shares in the company, valued at approximately $491,444.31. This represents a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jonny M. Leroy sold 854 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president directly owned 1,554 shares in the company, valued at $1,913,067.24. This represents a 35.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,624 shares of company stock worth $3,232,291 in the last ninety days. 6.30% of the stock is currently owned by insiders.
W.W. Grainger 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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