Northern Trust Corp Boosts Holdings in W.W. Grainger, Inc. (GWW)
Northern Trust Corp raised its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 20.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,288,602 shares of the industrial products company’s stock after acquiring an additional 214,775 shares during the quarter. Northern Trust Corp owned approximately 2.23% of W.W. Grainger worth $232,633,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of GWW. Harfst & Associates Inc. bought a new stake in W.W. Grainger during the 1st quarter valued at approximately $116,000. Salem Investment Counselors Inc. bought a new stake in W.W. Grainger during the 1st quarter valued at approximately $138,000. Chicago Partners Investment Group LLC boosted its position in W.W. Grainger by 18,650.0% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 746 shares in the last quarter. NEXT Financial Group Inc boosted its position in W.W. Grainger by 12.8% during the 2nd quarter. NEXT Financial Group Inc now owns 883 shares of the industrial products company’s stock valued at $159,000 after acquiring an additional 100 shares in the last quarter. Finally, Enterprise Financial Services Corp boosted its position in W.W. Grainger by 80.8% during the 2nd quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock valued at $163,000 after acquiring an additional 403 shares in the last quarter. 80.58% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have weighed in on the company. BidaskClub raised W.W. Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $174.00 price objective (down from $202.50) on shares of W.W. Grainger in a research report on Wednesday, July 12th. Macquarie cut W.W. Grainger from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $286.00 to $200.00 in a research report on Friday, May 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $180.00 price objective (down from $204.00) on shares of W.W. Grainger in a research report on Friday, June 2nd. Finally, J P Morgan Chase & Co assumed coverage on W.W. Grainger in a research report on Friday, June 2nd. They set a “neutral” rating and a $180.00 price objective on the stock. Six research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $179.42.
W.W. Grainger, Inc. (NYSE GWW) opened at 176.61 on Friday. W.W. Grainger, Inc. has a 52-week low of $155.00 and a 52-week high of $262.71. The company has a market capitalization of $10.19 billion, a PE ratio of 20.36 and a beta of 0.74. The company has a 50-day moving average price of $164.63 and a 200 day moving average price of $187.97.
W.W. Grainger (NYSE:GWW) last announced its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share for the quarter, beating the Thomson Reuters’ 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 revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $2.89 earnings per share. Equities research analysts anticipate that W.W. Grainger, Inc. will post $10.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were paid a $1.28 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $5.12 annualized dividend and a yield of 2.90%. W.W. Grainger’s dividend payout ratio (DPR) is 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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