Riverview Trust Co Takes Position in W.W. Grainger, Inc. (NYSE:GWW)

Riverview Trust Co acquired a new stake in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 60 shares of the industrial products company’s stock, valued at approximately $61,000.

Other large investors also recently bought and sold shares of the company. Scarborough Advisors LLC purchased a new position in W.W. Grainger during the 4th quarter valued at $28,000. Turtle Creek Wealth Advisors LLC purchased a new position in W.W. Grainger during the 4th quarter valued at $30,000. Newbridge Financial Services Group Inc. boosted its holdings in W.W. Grainger by 275.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 45 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 33 shares during the period. Valley National Advisers Inc. purchased a new position in W.W. Grainger during the 4th quarter valued at $40,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in W.W. Grainger during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Insider Activity at W.W. Grainger

In related news, SVP Matt Fortin sold 511 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $915.20, for a total transaction of $467,667.20. Following the transaction, the senior vice president now directly owns 1,848 shares of the company’s stock, valued at approximately $1,691,289.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on GWW shares. UBS Group upped their target price on W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Baird R W cut W.W. Grainger from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Oppenheimer upped their target price on W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Finally, Stephens upgraded W.W. Grainger from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $1,000.00 to $1,250.00 in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $959.44.

View Our Latest Stock Analysis on GWW

W.W. Grainger Stock Down 1.6 %

Shares of NYSE GWW traded down $14.60 during mid-day trading on Tuesday, reaching $900.90. 52,401 shares of the company were exchanged, compared to its average volume of 240,868. The firm has a 50-day moving average of $931.63 and a 200 day moving average of $923.84. W.W. Grainger, Inc. has a 1 year low of $674.41 and a 1 year high of $1,034.18. The stock has a market cap of $44.21 billion, a price-to-earnings ratio of 25.28, a P/E/G ratio of 1.79 and a beta of 1.16. The company has a quick ratio of 1.33, a current ratio of 2.19 and a debt-to-equity ratio of 0.51.

W.W. Grainger (NYSE:GWWGet Free Report) last announced its earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.57 by $0.05. W.W. Grainger had a return on equity of 54.31% and a net margin of 10.94%. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the prior year, the company posted $9.61 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts expect that W.W. Grainger, Inc. will post 39.22 earnings per share for the current year.

W.W. Grainger Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Monday, May 13th were given a dividend of $2.05 per share. This is a positive change from W.W. Grainger’s previous quarterly dividend of $1.86. This represents a $8.20 annualized dividend and a yield of 0.91%. The ex-dividend date was Friday, May 10th. W.W. Grainger’s dividend payout ratio is currently 22.64%.

W.W. Grainger Company Profile

(Free Report)

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.

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Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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