UBS Group AG lifted its position in W W Grainger Inc (NYSE:GWW) by 165.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 173,745 shares of the industrial products company’s stock after buying an additional 108,293 shares during the period. UBS Group AG owned about 0.31% of W W Grainger worth $49,043,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC lifted its stake in shares of W W Grainger by 107.9% in the fourth quarter. Advisory Services Network LLC now owns 476 shares of the industrial products company’s stock worth $112,000 after buying an additional 247 shares in the last quarter. Synovus Financial Corp purchased a new position in shares of W W Grainger during the first quarter valued at approximately $140,000. Tower Research Capital LLC TRC raised its holdings in shares of W W Grainger by 420.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 781 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 631 shares during the last quarter. Cidel Asset Management Inc. purchased a new position in shares of W W Grainger during the fourth quarter valued at approximately $202,000. Finally, Lincoln National Corp purchased a new position in shares of W W Grainger during the first quarter valued at approximately $203,000. Hedge funds and other institutional investors own 78.59% of the company’s stock.
Shares of GWW opened at $315.70 on Thursday. W W Grainger Inc has a 52-week low of $155.00 and a 52-week high of $322.34. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.24 and a current ratio of 2.20. The firm has a market cap of $17.71 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 1.75 and a beta of 0.81.
The business also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Monday, May 14th were given a $1.36 dividend. The ex-dividend date of this dividend was Friday, May 11th. This represents a $5.44 dividend on an annualized basis and a yield of 1.72%. This is a boost from W W Grainger’s previous quarterly dividend of $1.28. W W Grainger’s dividend payout ratio is presently 47.47%.
GWW has been the subject of several research reports. Zacks Investment Research cut shares of W W Grainger from a “buy” rating to a “hold” rating and set a $327.00 price objective for the company. in a report on Wednesday, April 11th. ValuEngine upgraded shares of W W Grainger from a “hold” rating to a “buy” rating in a research report on Saturday, April 21st. BMO Capital Markets upped their target price on shares of W W Grainger from $235.00 to $242.00 and gave the stock a “market perform” rating in a research report on Friday, March 16th. They noted that the move was a valuation call. Stifel Nicolaus upped their target price on shares of W W Grainger from $270.00 to $297.00 and gave the stock a “hold” rating in a research report on Monday, April 23rd. Finally, Deutsche Bank set a $275.00 price objective on shares of W W Grainger and gave the company a “hold” rating in a research report on Friday, April 6th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $261.55.
In other W W Grainger news, VP Ronald L. Jadin sold 29,000 shares of the business’s stock in a transaction dated Tuesday, April 24th. The shares were sold at an average price of $286.93, for a total transaction of $8,320,970.00. Following the sale, the vice president now directly owns 49,459 shares in the company, valued at $14,191,270.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John L. Howard sold 19,500 shares of the business’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $295.00, for a total transaction of $5,752,500.00. Following the sale, the vice president now owns 57,906 shares in the company, valued at $17,082,270. The disclosure for this sale can be found here. Insiders sold 48,716 shares of company stock worth $14,133,676 in the last ninety days. 10.10% of the stock is currently owned by corporate insiders.
W W Grainger Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.
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