Insight Wealth Strategies LLC Makes New Investment in W.W. Grainger, Inc. (NYSE:GWW)

Insight Wealth Strategies LLC bought a new stake in W.W. Grainger, Inc. (NYSE:GWWFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,627 shares of the industrial products company’s stock, valued at approximately $3,690,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in W.W. Grainger in the 4th quarter valued at approximately $392,470,000. FMR LLC boosted its stake in shares of W.W. Grainger by 17.2% in the third quarter. FMR LLC now owns 1,396,928 shares of the industrial products company’s stock valued at $966,451,000 after buying an additional 204,507 shares in the last quarter. Morgan Stanley boosted its stake in shares of W.W. Grainger by 8.3% in the third quarter. Morgan Stanley now owns 625,013 shares of the industrial products company’s stock valued at $432,411,000 after buying an additional 47,731 shares in the last quarter. International Assets Investment Management LLC grew its holdings in W.W. Grainger by 82,775.0% during the fourth quarter. International Assets Investment Management LLC now owns 43,095 shares of the industrial products company’s stock worth $35,712,000 after acquiring an additional 43,043 shares during the period. Finally, FIL Ltd raised its position in W.W. Grainger by 21.4% in the fourth quarter. FIL Ltd now owns 240,856 shares of the industrial products company’s stock worth $199,595,000 after acquiring an additional 42,395 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Price Performance

Shares of W.W. Grainger stock traded up $7.04 during trading on Wednesday, hitting $924.49. 216,521 shares of the company were exchanged, compared to its average volume of 255,986. The firm has a 50 day moving average price of $935.97 and a 200 day moving average price of $920.60. The stock has a market capitalization of $45.36 billion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 1.79 and a beta of 1.16. The company has a quick ratio of 1.33, a current ratio of 2.19 and a debt-to-equity ratio of 0.51. W.W. Grainger, Inc. has a fifty-two week low of $674.41 and a fifty-two week high of $1,034.18.

W.W. Grainger (NYSE:GWWGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share for the quarter, topping analysts’ consensus estimates of $9.57 by $0.05. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.26 billion. W.W. Grainger had a return on equity of 54.31% and a net margin of 10.94%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.61 earnings per share. On average, equities analysts expect that W.W. Grainger, Inc. will post 39.34 earnings per share for the current fiscal year.

W.W. Grainger Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Monday, May 13th were paid a dividend of $2.05 per share. This is a boost from W.W. Grainger’s previous quarterly dividend of $1.86. This represents a $8.20 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, May 10th. W.W. Grainger’s dividend payout ratio (DPR) is currently 22.64%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Erste Group Bank reaffirmed a “hold” rating on shares of W.W. Grainger in a research note on Friday, June 14th. UBS Group upped their target price on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Stephens upgraded shares of W.W. Grainger from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $1,000.00 to $1,250.00 in a research report on Monday, April 29th. Baird R W lowered W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Finally, Oppenheimer raised their price objective on W.W. Grainger from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $959.44.

Get Our Latest Stock Report on GWW

W.W. Grainger 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.

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

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