Minot Wealth Management LLC Purchases 147 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Minot Wealth Management LLC boosted its position in shares of W.W. Grainger, Inc. (NYSE:GWWGet Rating) by 10.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,579 shares of the industrial products company’s stock after purchasing an additional 147 shares during the quarter. Minot Wealth Management LLC’s holdings in W.W. Grainger were worth $718,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Riverview Trust Co bought a new stake in shares of W.W. Grainger during the first quarter valued at approximately $26,000. Fairfield Bush & CO. purchased a new position in shares of W.W. Grainger in the first quarter worth $30,000. Cyrus J. Lawrence LLC bought a new position in shares of W.W. Grainger during the first quarter valued at $32,000. Herold Advisors Inc. purchased a new stake in shares of W.W. Grainger during the first quarter valued at $52,000. Finally, Okabena Investment Services Inc. bought a new position in W.W. Grainger during the 4th quarter valued at about $65,000. 71.33% of the stock is currently owned by institutional investors.

W.W. Grainger Trading Down 1.3 %

Shares of NYSE:GWW opened at $526.16 on Monday. The stock has a 50 day moving average of $537.40 and a 200 day moving average of $504.94. The company has a market cap of $26.77 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.44 and a beta of 1.21. W.W. Grainger, Inc. has a 12-month low of $391.16 and a 12-month high of $588.62. The company has a current ratio of 2.58, a quick ratio of 1.44 and a debt-to-equity ratio of 0.94.

W.W. Grainger (NYSE:GWWGet Rating) last posted its quarterly earnings results on Friday, July 29th. The industrial products company reported $7.19 earnings per share for the quarter, topping analysts’ consensus estimates of $6.65 by $0.54. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.69 billion. W.W. Grainger had a net margin of 9.23% and a return on equity of 57.59%. The company’s revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the business posted $4.27 earnings per share. As a group, equities research analysts expect that W.W. Grainger, Inc. will post 28.07 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 8th were given a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, August 5th. W.W. Grainger’s dividend payout ratio is currently 27.14%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GWW shares. Stephens increased their price objective on shares of W.W. Grainger from $565.00 to $600.00 and gave the company an “equal weight” rating in a research report on Monday, August 1st. Royal Bank of Canada increased their price target on W.W. Grainger from $399.00 to $422.00 and gave the company an “underperform” rating in a report on Monday, August 1st. Morgan Stanley lifted their price objective on W.W. Grainger from $421.00 to $448.00 and gave the stock an “underweight” rating in a report on Monday, August 1st. StockNews.com downgraded W.W. Grainger from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 16th. Finally, Robert W. Baird upped their price target on shares of W.W. Grainger from $505.00 to $600.00 and gave the company an “outperform” rating in a research report on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, W.W. Grainger currently has a consensus rating of “Hold” and an average target price of $518.57.

Insider Activity at W.W. Grainger

In other W.W. Grainger news, VP Paige K. Robbins sold 2,330 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $500.03, for a total value of $1,165,069.90. Following the completion of the transaction, the vice president now directly owns 11,996 shares in the company, valued at approximately $5,998,359.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 10.00% of the stock is owned by corporate insiders.

W.W. Grainger Profile

(Get Rating)

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. It offers safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.

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Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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