Public Employees Retirement Association of Colorado lowered its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,075 shares of the industrial products company’s stock after selling 100 shares during the period. Public Employees Retirement Association of Colorado’s holdings in W.W. Grainger were worth $1,819,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Harfst & Associates Inc. purchased a new stake in W.W. Grainger during the first quarter worth $116,000. Salem Investment Counselors Inc. purchased a new stake in W.W. Grainger during the first quarter worth $138,000. NEXT Financial Group Inc increased its stake in W.W. Grainger by 35.0% in the first quarter. NEXT Financial Group Inc now owns 783 shares of the industrial products company’s stock worth $151,000 after buying an additional 203 shares in the last quarter. Twin Tree Management LP purchased a new stake in W.W. Grainger during the first quarter worth $195,000. Finally, Mosaic Family Wealth LLC increased its stake in W.W. Grainger by 2.7% in the first quarter. Mosaic Family Wealth LLC now owns 840 shares of the industrial products company’s stock worth $195,000 after buying an additional 22 shares in the last quarter. 82.43% of the stock is owned by institutional investors and hedge funds.
W.W. Grainger, Inc. (NYSE GWW) opened at 163.52 on Friday. W.W. Grainger, Inc. has a 52 week low of $160.29 and a 52 week high of $262.71. The company has a market capitalization of $9.43 billion, a PE ratio of 18.85 and a beta of 0.74. The firm’s 50-day moving average price is $171.89 and its 200 day moving average price is $206.07.
W.W. Grainger (NYSE:GWW) last released its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.09. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the previous year, the company posted $2.89 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities research analysts expect that W.W. Grainger, Inc. will post $10.38 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be issued a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, August 10th. W.W. Grainger’s dividend payout ratio (DPR) is 59.12%.
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A number of analysts have weighed in on the stock. UBS Group AG reissued a “neutral” rating and set a $180.00 target price (down previously from $275.00) on shares of W.W. Grainger in a research report on Wednesday, May 24th. Northcoast Research assumed coverage on shares of W.W. Grainger in a research report on Tuesday, July 25th. They set a “neutral” rating for the company. BidaskClub raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Macquarie downgraded shares of W.W. Grainger from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $286.00 to $200.00 in a research report on Friday, May 26th. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $174.00 target price (down previously from $202.50) on shares of W.W. Grainger in a research report on Wednesday, July 12th. Five investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $180.33.
W.W. Grainger Company Profile
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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