Chicago Partners Investment Group LLC boosted its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 18,650.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 750 shares of the industrial products company’s stock after buying an additional 746 shares during the period. Chicago Partners Investment Group LLC’s holdings in W.W. Grainger were worth $155,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Harfst & Associates Inc. bought a new stake in W.W. Grainger during the first quarter worth $116,000. Salem Investment Counselors Inc. acquired a new stake in shares of W.W. Grainger during the first quarter valued at $138,000. NEXT Financial Group Inc raised its position in W.W. Grainger by 35.0% in the first quarter. NEXT Financial Group Inc now owns 783 shares of the industrial products company’s stock valued at $151,000 after buying an additional 203 shares during the last quarter. Enterprise Financial Services Corp raised its position in W.W. Grainger by 80.8% in the second quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock valued at $163,000 after buying an additional 403 shares during the last quarter. Finally, Mosaic Family Wealth LLC raised its position in W.W. Grainger by 2.7% in the first quarter. Mosaic Family Wealth LLC now owns 840 shares of the industrial products company’s stock valued at $195,000 after buying an additional 22 shares during the last quarter. 79.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of W.W. Grainger, Inc. (NYSE:GWW) traded down 1.95% on Friday, reaching $161.39. 1,000,302 shares of the company were exchanged. The company has a market capitalization of $9.31 billion, a price-to-earnings ratio of 18.60 and a beta of 0.74. The company’s 50-day moving average is $169.86 and its 200-day moving average is $202.29. W.W. Grainger, Inc. has a 52 week low of $160.29 and a 52 week high of $262.71.
W.W. Grainger (NYSE:GWW) last released its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share for the quarter, beating the 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 return on equity of 34.03% and a net margin of 5.08%. W.W. Grainger’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.89 EPS. On average, equities analysts expect that W.W. Grainger, Inc. will post $10.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be given a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 3.17%. The ex-dividend date is Thursday, August 10th. W.W. Grainger’s dividend payout ratio is currently 59.12%.
A number of research firms recently weighed in on GWW. J P Morgan Chase & Co assumed coverage on shares of W.W. Grainger in a report on Friday, June 2nd. They issued a “neutral” rating and a $180.00 target price on the stock. Zacks Investment Research downgraded shares of W.W. Grainger from a “hold” rating to a “strong sell” rating in a research report on Friday, April 21st. TheStreet downgraded shares of W.W. Grainger from a “b-” rating to a “c+” rating in a research report on Thursday, May 11th. Credit Suisse Group reissued an “underperform” rating and set a $150.00 target price (down from $175.00) on shares of W.W. Grainger in a research report on Thursday, July 20th. Finally, William Blair cut shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Monday, April 24th. Five equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. W.W. Grainger currently 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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