North Star Asset Management Inc. held its position in shares of W.W. Grainger, Inc. (NYSE:GWW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,800 shares of the industrial products company’s stock at the end of the first quarter. North Star Asset Management Inc.’s holdings in W.W. Grainger were worth $419,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in GWW. Vanguard Group Inc. increased its stake in shares of W.W. Grainger by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,438,209 shares of the industrial products company’s stock valued at $1,265,798,000 after buying an additional 192,967 shares during the period. BlackRock Inc. increased its stake in shares of W.W. Grainger by 1,509.4% in the first quarter. BlackRock Inc. now owns 3,417,297 shares of the industrial products company’s stock valued at $795,411,000 after buying an additional 3,204,962 shares during the period. Wellington Management Group LLP purchased a new stake in shares of W.W. Grainger during the first quarter valued at $147,000,000. Geode Capital Management LLC increased its stake in shares of W.W. Grainger by 17.7% in the first quarter. Geode Capital Management LLC now owns 619,258 shares of the industrial products company’s stock valued at $143,962,000 after buying an additional 92,936 shares during the period. Finally, Norges Bank purchased a new stake in shares of W.W. Grainger during the fourth quarter valued at $114,153,000. 79.68% of the stock is owned by institutional investors and hedge funds.
W.W. Grainger, Inc. (NYSE:GWW) traded down 1.34% during midday trading on Friday, reaching $165.23. 719,082 shares of the company’s stock traded hands. W.W. Grainger, Inc. has a 1-year low of $160.29 and a 1-year high of $262.71. The firm’s 50-day moving average is $174.40 and its 200-day moving average is $210.49. The company has a market capitalization of $9.53 billion, a price-to-earnings ratio of 19.05 and a beta of 0.76.
W.W. Grainger (NYSE:GWW) last released its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.09. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.63 billion. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. W.W. Grainger’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.89 EPS. Analysts forecast that W.W. Grainger, Inc. will post $10.38 earnings per share for the current year.
The business also recently declared 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. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $5.12 dividend on an annualized basis and a yield of 3.10%. W.W. Grainger’s dividend payout ratio is currently 59.12%.
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Several brokerages recently issued reports on GWW. Royal Bank Of Canada restated a “sell” rating and issued a $166.00 target price (down previously from $209.00) on shares of W.W. Grainger in a report on Wednesday, April 19th. UBS AG restated a “neutral” rating and issued a $180.00 target price (down previously from $275.00) on shares of W.W. Grainger in a report on Wednesday, May 24th. Deutsche Bank AG cut shares of W.W. Grainger from a “hold” rating to a “sell” rating and dropped their target price for the stock from $246.00 to $145.00 in a report on Thursday, May 18th. Morgan Stanley dropped their price target on shares of W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating on the stock in a research note on Thursday, July 20th. Finally, Northcoast Research began coverage on shares of W.W. Grainger in a research note on Tuesday. They set a “neutral” rating on the stock. Five research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. W.W. Grainger presently has a consensus rating of “Hold” and an average target price 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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