Teachers Retirement System of The State of Kentucky raised its position in W.W. Grainger, Inc. (NYSE:GWW) by 680.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,100 shares of the industrial products company’s stock after buying an additional 46,300 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.09% of W.W. Grainger worth $12,359,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in 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. Massmutual Trust Co. FSB ADV boosted its position in W.W. Grainger by 6.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 10,020 shares of the industrial products company’s stock valued at $2,332,000 after buying an additional 599 shares during the period. Princeton Alpha Management LP bought a new position in W.W. Grainger during the first quarter valued at $393,000. First Business Financial Services Inc. boosted its position in W.W. Grainger by 21.4% in the first quarter. First Business Financial Services Inc. now owns 2,000 shares of the industrial products company’s stock valued at $466,000 after buying an additional 353 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in shares of W.W. Grainger by 134.7% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 22,793 shares of the industrial products company’s stock valued at $5,305,000 after buying an additional 13,083 shares during the last quarter. 79.68% of the stock is owned by hedge funds and other institutional investors.
W.W. Grainger, Inc. (NYSE:GWW) traded down 1.34% during mid-day trading on Friday, reaching $165.23. 719,082 shares of the company traded hands. The stock 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, Inc. has a 12-month low of $160.29 and a 12-month high of $262.71. The company’s 50-day moving average is $174.40 and its 200-day moving average is $210.49.
W.W. Grainger (NYSE:GWW) last announced its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.09. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the prior year, the firm earned $2.89 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. Equities analysts predict that W.W. Grainger, Inc. will post $10.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be issued a $1.28 dividend. The ex-dividend date is Thursday, August 10th. This represents a $5.12 annualized dividend and a dividend yield of 3.10%. W.W. Grainger’s dividend payout ratio is presently 59.12%.
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Several research firms have issued reports on GWW. Royal Bank Of Canada reissued a “sell” rating and issued a $209.00 price objective on shares of W.W. Grainger in a research report on Tuesday, April 11th. Stephens set a $190.00 price target on shares of W.W. Grainger and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Credit Suisse Group lowered shares of W.W. Grainger from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $235.00 to $175.00 in a research report on Wednesday, April 19th. Zacks Investment Research lowered shares of W.W. Grainger from a “hold” rating to a “strong sell” rating in a research report on Friday, April 21st. Finally, William Blair lowered shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Monday, April 24th. Five equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. W.W. Grainger currently has a consensus rating of “Hold” and an average price target of $180.33.
About W.W. Grainger
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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