Flinton Capital Management LLC Has $3.45 Million Stake in W W Grainger Inc (GWW)
Flinton Capital Management LLC raised its holdings in shares of W W Grainger Inc (NYSE:GWW) by 207.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,186 shares of the industrial products company’s stock after acquiring an additional 7,548 shares during the quarter. Flinton Capital Management LLC’s holdings in W W Grainger were worth $3,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of GWW. FMR LLC boosted its stake in shares of W W Grainger by 94.6% during the 2nd quarter. FMR LLC now owns 1,386,729 shares of the industrial products company’s stock worth $427,667,000 after acquiring an additional 673,993 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of W W Grainger by 34,096.9% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 445,586 shares of the industrial products company’s stock valued at $1,454,000 after buying an additional 444,283 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of W W Grainger by 493.8% during the 2nd quarter. Bank of Montreal Can now owns 404,210 shares of the industrial products company’s stock valued at $124,656,000 after buying an additional 336,133 shares in the last quarter. Millennium Management LLC lifted its stake in shares of W W Grainger by 4,050.2% during the 1st quarter. Millennium Management LLC now owns 283,503 shares of the industrial products company’s stock valued at $80,024,000 after buying an additional 276,672 shares in the last quarter. Finally, Eagle Asset Management Inc. purchased a new position in shares of W W Grainger during the 2nd quarter valued at $41,173,000. Institutional investors and hedge funds own 79.12% of the company’s stock.
A number of research firms recently weighed in on GWW. Cfra set a $350.00 target price on shares of W W Grainger and gave the company a “hold” rating in a research note on Wednesday, July 18th. Zacks Investment Research cut shares of W W Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Robert W. Baird cut shares of W W Grainger from an “outperform” rating to a “neutral” rating and set a $240.00 target price on the stock. in a research note on Tuesday, July 3rd. BMO Capital Markets lifted their target price on shares of W W Grainger from $267.00 to $330.00 and gave the company a “market perform” rating in a research note on Thursday, July 19th. They noted that the move was a valuation call. Finally, Gabelli cut shares of W W Grainger from a “buy” rating to a “hold” rating and set a $386.00 target price on the stock. in a research note on Monday, July 16th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $302.53.
Shares of GWW stock opened at $349.29 on Friday. The firm has a market capitalization of $19.82 billion, a price-to-earnings ratio of 24.54, a P/E/G ratio of 1.77 and a beta of 0.83. W W Grainger Inc has a 52 week low of $162.11 and a 52 week high of $372.06. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.34 and a current ratio of 2.37.
W W Grainger (NYSE:GWW) last announced its quarterly earnings results on Wednesday, July 18th. The industrial products company reported $4.37 EPS for the quarter, topping the consensus estimate of $3.78 by $0.59. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.82 billion. W W Grainger had a net margin of 7.16% and a return on equity of 42.66%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.67 EPS. equities analysts expect that W W Grainger Inc will post 16.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Monday, August 13th were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 1.56%. The ex-dividend date was Friday, August 10th. W W Grainger’s payout ratio is currently 47.47%.
W W Grainger Company 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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