Seaward Management Limited Partnership decreased its position in W.W. Grainger, Inc. (NYSE:GWW) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,110 shares of the industrial products company’s stock after selling 2,650 shares during the period. Seaward Management Limited Partnership owned approximately 0.08% of W.W. Grainger worth $8,504,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Welch & Forbes LLC raised its position in shares of W.W. Grainger by 0.3% in the first quarter. Welch & Forbes LLC now owns 865 shares of the industrial products company’s stock worth $201,000 after buying an additional 3 shares in the last quarter. Cypress Wealth Advisors LLC increased its stake in W.W. Grainger by 0.4% in the first quarter. Cypress Wealth Advisors LLC now owns 988 shares of the industrial products company’s stock worth $230,000 after buying an additional 4 shares during the last quarter. Verus Financial Partners Inc. increased its stake in W.W. Grainger by 0.5% in the first quarter. Verus Financial Partners Inc. now owns 1,172 shares of the industrial products company’s stock worth $273,000 after buying an additional 6 shares during the last quarter. Capital One National Association increased its stake in W.W. Grainger by 0.5% in the first quarter. Capital One National Association now owns 1,513 shares of the industrial products company’s stock worth $352,000 after buying an additional 8 shares during the last quarter. Finally, Trust Co. of Vermont increased its stake in W.W. Grainger by 0.7% in the second quarter. Trust Co. of Vermont now owns 1,293 shares of the industrial products company’s stock worth $234,000 after buying an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 79.59% of the company’s stock.
W.W. Grainger, Inc. (GWW) traded down 1.95% during trading on Friday, hitting $161.39. 1,000,302 shares of the stock traded hands. W.W. Grainger, Inc. has a 12 month low of $160.29 and a 12 month high of $262.71. The firm’s 50-day moving average is $169.86 and its 200-day moving average is $202.29. The stock has a market cap of $9.31 billion, a P/E ratio of 18.60 and a beta of 0.74.
W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the previous year, the business earned $2.89 EPS. W.W. Grainger’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts forecast that W.W. Grainger, Inc. will post $10.38 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be given a $1.28 dividend. The ex-dividend date is Thursday, August 10th. This represents a $5.12 annualized dividend and a dividend yield of 3.17%. W.W. Grainger’s payout ratio is 59.12%.
GWW has been the topic of several recent analyst reports. Credit Suisse Group reaffirmed an “underperform” rating and issued a $150.00 price target (down previously from $175.00) on shares of W.W. Grainger in a research note on Thursday, July 20th. William Blair downgraded shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Monday, April 24th. Wells Fargo & Company reiterated a “market perform” rating and set a $174.00 target price (down from $202.50) on shares of W.W. Grainger in a report on Wednesday, July 12th. Royal Bank Of Canada dropped their target price on shares of W.W. Grainger from $166.00 to $156.00 and set an “underperform” rating on the stock in a report on Monday, May 15th. Finally, BidaskClub upgraded shares of W.W. Grainger from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. W.W. Grainger presently has an average rating of “Hold” and a consensus price target of $180.33.
About W.W. Grainger
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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