Kinsale Capital Group Inc. increased its holdings in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 8.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,369 shares of the industrial products company’s stock after buying an additional 679 shares during the period. Kinsale Capital Group Inc.’s holdings in W.W. Grainger were worth $7,975,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in GWW. Brighton Jones LLC grew its holdings in shares of W.W. Grainger by 3.3% during the second quarter. Brighton Jones LLC now owns 313 shares of the industrial products company’s stock worth $326,000 after purchasing an additional 10 shares in the last quarter. Freedom Investment Management Inc. raised its stake in W.W. Grainger by 5.4% in the second quarter. Freedom Investment Management Inc. now owns 215 shares of the industrial products company’s stock valued at $224,000 after purchasing an additional 11 shares in the last quarter. Burney Co. lifted its position in W.W. Grainger by 0.6% during the second quarter. Burney Co. now owns 1,757 shares of the industrial products company’s stock valued at $1,828,000 after purchasing an additional 11 shares during the last quarter. Nomura Holdings Inc. grew its stake in W.W. Grainger by 0.3% in the 2nd quarter. Nomura Holdings Inc. now owns 3,283 shares of the industrial products company’s stock worth $3,415,000 after buying an additional 11 shares in the last quarter. Finally, Empirical Finance LLC increased its holdings in shares of W.W. Grainger by 0.8% in the 2nd quarter. Empirical Finance LLC now owns 1,580 shares of the industrial products company’s stock worth $1,644,000 after buying an additional 12 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.
W.W. Grainger Trading Up 1.3%
Shares of GWW stock opened at $1,198.11 on Friday. The business has a 50-day moving average of $1,038.94 and a 200 day moving average of $997.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.83 and a quick ratio of 1.59. W.W. Grainger, Inc. has a 1-year low of $893.99 and a 1-year high of $1,204.36. The stock has a market capitalization of $56.97 billion, a PE ratio of 33.85, a P/E/G ratio of 2.52 and a beta of 1.10.
W.W. Grainger Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Monday, February 9th will be issued a $2.26 dividend. This represents a $9.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, February 9th. W.W. Grainger’s dividend payout ratio (DPR) is 25.54%.
Insider Transactions at W.W. Grainger
In related news, VP Krantz Nancy L. Berardinelli sold 195 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $1,023.93, for a total value of $199,666.35. Following the sale, the vice president directly owned 3,174 shares of the company’s stock, valued at $3,249,953.82. This trade represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Donald G. Macpherson sold 14,523 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $972.81, for a total value of $14,128,119.63. Following the transaction, the chief executive officer owned 107,862 shares in the company, valued at approximately $104,929,232.22. This represents a 11.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,881 shares of company stock worth $26,157,155 in the last 90 days. Corporate insiders own 6.10% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on GWW shares. Barclays lifted their price objective on shares of W.W. Grainger from $963.00 to $975.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. Oppenheimer lifted their price target on W.W. Grainger from $1,250.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on W.W. Grainger from $1,100.00 to $1,165.00 and gave the stock a “neutral” rating in a report on Friday. Royal Bank Of Canada raised their price objective on W.W. Grainger from $1,006.00 to $1,050.00 and gave the company a “sector perform” rating in a report on Monday, November 3rd. Finally, Weiss Ratings raised W.W. Grainger from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $1,060.13.
View Our Latest Stock Report on W.W. Grainger
W.W. Grainger Company Profile
W.W. Grainger, Inc (NYSE: GWW) is an industrial supply distributor founded in 1927 and headquartered in Lake Forest, Illinois. The company supplies maintenance, repair and operations (MRO) products and services to businesses, institutions and government customers. Over its long history Grainger has developed a broad product assortment and a national distribution network that supports operations across a range of end markets, including manufacturing, healthcare, hospitality, transportation and public sector organizations.
Grainger’s product portfolio spans core categories such as electrical and lighting, safety and personal protective equipment, material handling, motors and power transmission, plumbing and HVAC, fasteners and adhesives, hand and power tools, and janitorial and facility supplies.
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