Birch Capital Management LLC Has $15.09 Million Position in W.W. Grainger, Inc. (NYSE:GWW)

Birch Capital Management LLC lifted its holdings in W.W. Grainger, Inc. (NYSE:GWWFree Report) by 0.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 14,828 shares of the industrial products company’s stock after purchasing an additional 91 shares during the quarter. W.W. Grainger comprises about 7.8% of Birch Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Birch Capital Management LLC’s holdings in W.W. Grainger were worth $15,085,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Kestra Advisory Services LLC raised its holdings in W.W. Grainger by 19.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 1,891 shares of the industrial products company’s stock worth $1,308,000 after purchasing an additional 303 shares during the last quarter. Rafferty Asset Management LLC raised its holdings in W.W. Grainger by 10.0% during the 3rd quarter. Rafferty Asset Management LLC now owns 3,539 shares of the industrial products company’s stock worth $2,448,000 after purchasing an additional 322 shares during the last quarter. CI Investments Inc. grew its position in shares of W.W. Grainger by 2.9% during the 3rd quarter. CI Investments Inc. now owns 489 shares of the industrial products company’s stock worth $338,000 after buying an additional 14 shares during the period. LPL Financial LLC grew its position in shares of W.W. Grainger by 8.8% during the 3rd quarter. LPL Financial LLC now owns 51,188 shares of the industrial products company’s stock worth $35,429,000 after buying an additional 4,121 shares during the period. Finally, Mariner LLC grew its position in shares of W.W. Grainger by 1.4% during the 3rd quarter. Mariner LLC now owns 16,037 shares of the industrial products company’s stock worth $11,095,000 after buying an additional 220 shares during the period. 80.70% of the stock is owned by institutional investors.

W.W. Grainger Stock Performance

GWW traded down $0.23 during trading hours on Friday, reaching $915.06. The company’s stock had a trading volume of 389,166 shares, compared to its average volume of 245,565. W.W. Grainger, Inc. has a 52 week low of $674.41 and a 52 week high of $1,034.18. The company’s 50-day moving average is $932.41 and its 200-day moving average is $922.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 2.19. The firm has a market cap of $44.90 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16.

W.W. Grainger (NYSE:GWWGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share for the quarter, beating analysts’ consensus estimates of $9.57 by $0.05. W.W. Grainger had a return on equity of 54.31% and a net margin of 10.94%. The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the prior year, the business earned $9.61 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts forecast that W.W. Grainger, Inc. will post 39.22 EPS for the current year.

W.W. Grainger Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Monday, May 13th were issued a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 0.90%. This is a positive change from W.W. Grainger’s previous quarterly dividend of $1.86. The ex-dividend date was Friday, May 10th. W.W. Grainger’s dividend payout ratio is currently 22.64%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird lowered W.W. Grainger from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $1,000.00 to $975.00 in a research report on Wednesday, May 29th. Oppenheimer boosted 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 report on Tuesday, March 5th. Stephens upgraded W.W. Grainger from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $1,000.00 to $1,250.00 in a research note on Monday, April 29th. UBS Group boosted their target price on W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Finally, Loop Capital cut their target price on W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $959.44.

View Our Latest Analysis on W.W. Grainger

About W.W. Grainger

(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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