Junto Capital Management LP decreased its position in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 37.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,044 shares of the industrial products company’s stock after selling 51,193 shares during the period. W.W. Grainger accounts for approximately 2.0% of Junto Capital Management LP’s investment portfolio, making the stock its 13th largest position. Junto Capital Management LP’s holdings in W.W. Grainger were worth $115,694,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in GWW. Continuum Advisory LLC acquired a new position in W.W. Grainger in the second quarter valued at approximately $34,000. Elevation Wealth Partners LLC increased its stake in W.W. Grainger by 420.0% during the second quarter. Elevation Wealth Partners LLC now owns 26 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 21 shares during the last quarter. Miller Capital Partners Inc. purchased a new stake in W.W. Grainger in the fourth quarter valued at $26,000. EFG International AG purchased a new stake in W.W. Grainger in the second quarter valued at $37,000. Finally, MV Capital Management Inc. acquired a new position in shares of W.W. Grainger in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 80.70% of the company’s stock.
W.W. Grainger Price Performance
Shares of GWW opened at $1,280.27 on Thursday. The company has a market cap of $60.30 billion, a P/E ratio of 32.64, a PEG ratio of 2.29 and a beta of 1.03. W.W. Grainger, Inc. has a fifty-two week low of $906.52 and a fifty-two week high of $1,419.91. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average price is $1,335.76 and its 200 day moving average price is $1,244.09.
W.W. Grainger Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 10th were paid a dividend of $2.49 per share. This represents a $9.96 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. W.W. Grainger’s payout ratio is presently 25.40%.
Analyst Ratings Changes
GWW has been the subject of a number of recent analyst reports. Wall Street Zen raised W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Morgan Stanley upped their target price on shares of W.W. Grainger from $1,300.00 to $1,400.00 and gave the company an “equal weight” rating in a research report on Monday, August 24th. Oppenheimer increased their target price on shares of W.W. Grainger from $1,350.00 to $1,375.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Finally, Barclays boosted their price target on shares of W.W. Grainger from $1,166.00 to $1,185.00 and gave the company an “underweight” rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, W.W. Grainger presently has a consensus rating of “Hold” and an average target price of $1,286.62.
View Our Latest Analysis on W.W. Grainger
About W.W. Grainger
W.W. Grainger, Inc is a distributor of maintenance, repair and operating (MRO) products and related services. The company serves businesses, government agencies and other organizations that need supplies to maintain facilities, equipment and operations. Its product categories include tools, safety equipment, material handling products, cleaning and maintenance supplies, electrical and lighting products, plumbing supplies, HVAC equipment and fasteners.
Founded in 1927 by William W. Grainger, the company has grown from a regional electrical-equipment distributor into a global MRO provider.
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