W.W. Grainger, Inc. (GWW) Holdings Held by Laffer Investments
Laffer Investments maintained its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,205 shares of the industrial products company’s stock at the close of the 2nd quarter. Laffer Investments’ holdings in W.W. Grainger were worth $1,301,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Isthmus Partners LLC raised its holdings in W.W. Grainger by 8.0% in the 2nd quarter. Isthmus Partners LLC now owns 25,406 shares of the industrial products company’s stock valued at $4,587,000 after buying an additional 1,887 shares during the period. Lazard Asset Management LLC raised its holdings in W.W. Grainger by 51,136.0% in the 2nd quarter. Lazard Asset Management LLC now owns 12,809 shares of the industrial products company’s stock valued at $2,311,000 after buying an additional 12,784 shares during the period. Mutual of America Capital Management LLC raised its holdings in W.W. Grainger by 9.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 6,683 shares of the industrial products company’s stock valued at $1,206,000 after buying an additional 563 shares during the period. Columbia Partners L L C Investment Management raised its holdings in W.W. Grainger by 3.8% in the 2nd quarter. Columbia Partners L L C Investment Management now owns 3,590 shares of the industrial products company’s stock valued at $648,000 after buying an additional 132 shares during the period. Finally, Thrivent Financial For Lutherans raised its holdings in W.W. Grainger by 1.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 2,050 shares of the industrial products company’s stock valued at $370,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 80.58% of the company’s stock.
GWW has been the topic of several research analyst reports. Credit Suisse Group upgraded shares of W.W. Grainger to a “hold” rating and set a $175.00 price objective on the stock in a report on Wednesday, July 19th. Morgan Stanley dropped their target price on W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating for the company in a research report on Thursday, July 20th. BidaskClub downgraded W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised W.W. Grainger from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $180.00 target price (down from $204.00) on shares of W.W. Grainger in a research report on Friday, June 2nd. Six equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $179.42.
Shares of W.W. Grainger, Inc. (GWW) traded up 0.20% during trading on Thursday, hitting $175.53. The stock had a trading volume of 41,225 shares. W.W. Grainger, Inc. has a one year low of $155.00 and a one year high of $262.71. The stock’s 50-day moving average price is $164.63 and its 200-day moving average price is $187.97. The company has a market cap of $10.13 billion, a P/E ratio of 20.23 and a beta of 0.74.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data 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. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same quarter last year, the firm earned $2.89 EPS. W.W. Grainger’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that W.W. Grainger, Inc. will post $10.37 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were paid a dividend of $1.28 per share. The ex-dividend date was Thursday, August 10th. This represents a $5.12 dividend on an annualized basis and a yield of 2.92%. W.W. Grainger’s dividend payout ratio (DPR) is presently 59.12%.
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W.W. Grainger 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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