Wagner Bowman Management Corp Has $377,000 Stake in W.W. Grainger Inc. (GWW)
Wagner Bowman Management Corp increased its position in shares of W.W. Grainger Inc. (NYSE:GWW) by 43.1% during the second quarter, Holdings Channel reports. The institutional investor owned 1,660 shares of the company’s stock after buying an additional 500 shares during the period. Wagner Bowman Management Corp’s holdings in W.W. Grainger were worth $377,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. QUANTRES ASSET MANAGEMENT Ltd bought a new position in W.W. Grainger during the second quarter worth about $205,000. Cypress Wealth Advisors LLC bought a new position in W.W. Grainger during the first quarter worth about $225,000. Atria Investments LLC bought a new position in W.W. Grainger during the second quarter worth about $239,000. Charter Trust Co. raised its position in W.W. Grainger by 14.1% in the second quarter. Charter Trust Co. now owns 1,114 shares of the company’s stock worth $254,000 after buying an additional 138 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in W.W. Grainger during the first quarter worth about $257,000. Institutional investors and hedge funds own 82.68% of the company’s stock.
Shares of W.W. Grainger Inc. (NYSE:GWW) traded down 1.80% on Tuesday, hitting $216.59. The stock had a trading volume of 415,169 shares. The company has a market capitalization of $13.09 billion, a P/E ratio of 19.70 and a beta of 0.77. The firm has a 50 day moving average price of $226.45 and a 200 day moving average price of $226.55. W.W. Grainger Inc. has a one year low of $176.85 and a one year high of $239.95.
W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Tuesday, July 19th. The company reported $2.89 EPS for the quarter, missing the Zacks’ consensus estimate of $3.17 by $0.28. The business had revenue of $2.60 million for the quarter, compared to the consensus estimate of $2.58 billion. W.W. Grainger had a return on equity of 31.26% and a net margin of 6.91%. During the same quarter last year, the company earned $3.27 earnings per share. On average, equities research analysts predict that W.W. Grainger Inc. will post $11.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 8th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $4.88 dividend on an annualized basis and a yield of 2.25%. W.W. Grainger’s dividend payout ratio (DPR) is presently 44.40%.
Several analysts have weighed in on the company. Zacks Investment Research downgraded W.W. Grainger from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. BMO Capital Markets cut their target price on W.W. Grainger from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, July 20th. Macquarie assumed coverage on W.W. Grainger in a research note on Thursday, August 25th. They set an “outperform” rating and a $274.00 target price on the stock. Royal Bank Of Canada cut their target price on W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 20th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of W.W. Grainger in a research note on Sunday, September 4th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. W.W. Grainger presently has a consensus rating of “Hold” and a consensus target price of $228.75.
In other W.W. Grainger news, VP Joseph C. High sold 1,722 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $220.00, for a total transaction of $378,840.00. Following the transaction, the vice president now owns 7,531 shares of the company’s stock, valued at approximately $1,656,820. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 9.60% of the company’s stock.
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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