Banco BTG Pactual S.A. bought a new stake in W.W. Grainger, Inc. (NYSE:GWW – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,039 shares of the industrial products company’s stock, valued at approximately $1,048,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of GWW. Ameriflex Group Inc. lifted its holdings in W.W. Grainger by 211.1% in 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 period. Harbor Investment Advisory LLC raised its stake in shares of W.W. Grainger by 314.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 29 shares of the industrial products company’s stock worth $29,000 after buying an additional 22 shares during the last quarter. Elyxium Wealth LLC acquired a new position in shares of W.W. Grainger during the 4th quarter worth $30,000. State of Wyoming raised its stake in shares of W.W. Grainger by 650.0% during the 2nd quarter. State of Wyoming now owns 45 shares of the industrial products company’s stock worth $47,000 after buying an additional 39 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of W.W. Grainger during the 4th quarter worth $57,000. Institutional investors and hedge funds own 80.70% of the company’s stock.
W.W. Grainger Trading Down 0.1%
W.W. Grainger stock opened at $1,315.93 on Friday. The stock has a market cap of $62.13 billion, a PE ratio of 35.39, a P/E/G ratio of 2.44 and a beta of 1.04. The stock has a 50-day moving average price of $1,208.59 and a 200 day moving average price of $1,113.40. W.W. Grainger, Inc. has a 52 week low of $906.52 and a 52 week high of $1,349.74. The company has a current ratio of 2.69, a quick ratio of 1.60 and a debt-to-equity ratio of 0.55.
W.W. Grainger Increases Dividend
The business also recently disclosed 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 represents a $9.96 dividend on an annualized basis and a yield of 0.8%. This is a boost from W.W. Grainger’s previous quarterly dividend of $2.26. W.W. Grainger’s dividend payout ratio (DPR) is 26.79%.
Analyst Ratings Changes
GWW has been the subject of several research reports. Stephens lifted their price target 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. Barclays lifted their price target on W.W. Grainger from $1,047.00 to $1,171.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 12th. Morgan Stanley lifted their price target on W.W. Grainger from $1,190.00 to $1,300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Sanford C. Bernstein lifted their price target on W.W. Grainger from $1,052.00 to $1,125.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings raised W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $1,212.88.
Read Our Latest Research Report on W.W. Grainger
Insiders Place Their Bets
In other W.W. Grainger news, VP Laurie R. Thomson sold 313 shares of W.W. Grainger stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,231.69, for a total value of $385,518.97. Following the completion of the sale, the vice president owned 399 shares in the company, valued at $491,444.31. The trade was a 43.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jonny M. Leroy sold 854 shares of W.W. Grainger stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,231.06, for a total value of $1,051,325.24. Following the completion of the sale, the senior vice president owned 1,554 shares of the company’s stock, valued at $1,913,067.24. This trade represents a 35.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 6,451 shares of company stock worth $7,380,743 over the last 90 days. Corporate insiders own 6.30% of the company’s stock.
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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