Parsons Capital Management Inc. RI Acquires New Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Parsons Capital Management Inc. RI acquired a new stake in W.W. Grainger, Inc. (NYSE:GWWFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 265 shares of the industrial products company’s stock, valued at approximately $220,000.

Other hedge funds have also recently bought and sold shares of the company. Fairfield Bush & CO. bought a new stake in shares of W.W. Grainger during the 1st quarter worth about $30,000. Private Advisor Group LLC grew its stake in shares of W.W. Grainger by 2.2% in the 1st quarter. Private Advisor Group LLC now owns 1,067 shares of the industrial products company’s stock worth $550,000 after purchasing an additional 23 shares during the last quarter. Cibc World Market Inc. grew its stake in shares of W.W. Grainger by 67.9% in the 1st quarter. Cibc World Market Inc. now owns 789 shares of the industrial products company’s stock worth $407,000 after purchasing an additional 319 shares during the last quarter. Sei Investments Co. grew its stake in shares of W.W. Grainger by 33.6% in the 1st quarter. Sei Investments Co. now owns 26,661 shares of the industrial products company’s stock worth $13,947,000 after purchasing an additional 6,705 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of W.W. Grainger by 212.9% in the 1st quarter. Allianz Asset Management GmbH now owns 25,798 shares of the industrial products company’s stock worth $13,306,000 after purchasing an additional 17,553 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Stock Performance

W.W. Grainger stock opened at $1,005.89 on Thursday. The firm’s 50 day simple moving average is $967.50 and its 200-day simple moving average is $842.96. The company has a market cap of $49.42 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 1.98 and a beta of 1.14. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.88 and a quick ratio of 1.64. W.W. Grainger, Inc. has a fifty-two week low of $625.97 and a fifty-two week high of $1,034.18.

W.W. Grainger (NYSE:GWWGet Free Report) last announced its quarterly earnings data on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, beating analysts’ consensus estimates of $8.05 by $0.28. W.W. Grainger had a net margin of 11.10% and a return on equity of 56.54%. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the previous year, the firm posted $7.14 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts predict that W.W. Grainger, Inc. will post 39.26 EPS for the current year.

W.W. Grainger Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, February 9th. W.W. Grainger’s payout ratio is presently 20.55%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GWW. StockNews.com raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Saturday, March 16th. JPMorgan Chase & Co. lifted their price objective on shares of W.W. Grainger from $800.00 to $925.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. UBS Group lifted their price objective on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Royal Bank of Canada lifted their price objective on shares of W.W. Grainger from $809.00 to $907.00 and gave the stock a “sector perform” rating in a research note on Monday, February 5th. Finally, Stephens lifted their target price on shares of W.W. Grainger from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $913.89.

Get Our Latest Stock Report on GWW

Insider Activity at W.W. Grainger

In related news, VP Paige K. Robbins sold 3,813 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,756,231.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other W.W. Grainger news, VP Paige K. Robbins sold 3,813 shares of W.W. Grainger stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $968.88, for a total value of $3,694,339.44. Following the completion of the sale, the vice president now directly owns 4,909 shares in the company, valued at $4,756,231.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paige K. Robbins sold 3,122 shares of W.W. Grainger stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the completion of the sale, the vice president now owns 4,909 shares of the company’s stock, valued at $4,664,629.98. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by insiders.

W.W. Grainger Company Profile

(Free Report)

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.

See Also

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

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