Ridgewood Investments LLC Purchases Shares of 2,187 W.W. Grainger, Inc. (NYSE:GWW)
Ridgewood Investments LLC purchased a new position in W.W. Grainger, Inc. (NYSE:GWW) during the second quarter, Holdings Channel reports. The fund purchased 2,187 shares of the industrial products company’s stock, valued at approximately $395,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position 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. Longview Partners Guernsey LTD boosted its position in shares of W.W. Grainger by 32.6% in the second quarter. Longview Partners Guernsey LTD now owns 3,755,706 shares of the industrial products company’s stock valued at $678,018,000 after buying an additional 923,948 shares during the period. BlackRock Inc. boosted its position 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. Clearbridge Investments LLC boosted its position in shares of W.W. Grainger by 12.1% in the first quarter. Clearbridge Investments LLC now owns 1,070,611 shares of the industrial products company’s stock valued at $249,195,000 after buying an additional 115,704 shares during the period. Finally, Wellington Management Group LLP acquired a new position in shares of W.W. Grainger during the first quarter valued at about $147,000,000. 82.43% of the stock is owned by institutional investors and hedge funds.
W.W. Grainger, Inc. (NYSE GWW) opened at 163.82 on Friday. W.W. Grainger, Inc. has a 12-month low of $160.29 and a 12-month high of $262.71. The stock has a market cap of $9.45 billion, a PE ratio of 18.88 and a beta of 0.74. The firm has a 50-day moving average of $171.63 and a 200-day moving average of $205.48.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, topping the Zacks’ consensus estimate of $2.65 by $0.09. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.89 EPS. Equities analysts predict that W.W. Grainger, Inc. will post $10.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be given a dividend of $1.28 per share. 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 3.13%. W.W. Grainger’s payout ratio is currently 59.12%.
Several research analysts recently issued reports on the stock. BMO Capital Markets reissued a “hold” rating and set a $198.00 target price on shares of W.W. Grainger in a report on Thursday, May 25th. BidaskClub raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Morgan Stanley reduced their target price on shares of W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating for the company in a report on Thursday, July 20th. Stephens set a $190.00 target price on shares of W.W. Grainger and gave the stock a “hold” rating in a report on Wednesday, April 19th. Finally, Deutsche Bank AG cut shares of W.W. Grainger from a “hold” rating to a “sell” rating and reduced their target price for the stock from $246.00 to $145.00 in a report on Thursday, May 18th. 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 a consensus 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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