Ossiam lifted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 71.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,898 shares of the industrial products company’s stock after purchasing an additional 3,288 shares during the period. Ossiam’s holdings in W.W. Grainger were worth $3,511,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Clean Yield Group purchased a new stake in W.W. Grainger during the 2nd quarter valued at about $31,000. SkyView Investment Advisors LLC grew its stake in shares of W.W. Grainger by 68.8% in the 1st quarter. SkyView Investment Advisors LLC now owns 81 shares of the industrial products company’s stock valued at $32,000 after buying an additional 33 shares during the period. CSat Investment Advisory L.P. grew its stake in shares of W.W. Grainger by 48.1% in the 1st quarter. CSat Investment Advisory L.P. now owns 120 shares of the industrial products company’s stock valued at $48,000 after buying an additional 39 shares during the period. Bbva USA purchased a new stake in shares of W.W. Grainger in the 2nd quarter valued at approximately $57,000. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of W.W. Grainger by 70.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 140 shares of the industrial products company’s stock valued at $56,000 after buying an additional 58 shares during the period. 69.33% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently commented on the stock. Wells Fargo & Company restated a “sell” rating and issued a $400.00 price objective on shares of W.W. Grainger in a report on Friday, September 24th. Raymond James lowered shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a report on Monday, August 2nd. Loop Capital assumed coverage on shares of W.W. Grainger in a report on Tuesday, August 3rd. They issued a “buy” rating and a $525.00 price objective on the stock. Royal Bank of Canada upped their price objective on shares of W.W. Grainger from $369.00 to $378.00 and gave the stock an “underperform” rating in a report on Monday, August 2nd. Finally, Morgan Stanley upped their price objective on shares of W.W. Grainger from $462.00 to $492.00 and gave the stock an “equal weight” rating in a report on Monday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $466.92.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Thursday, July 29th. The industrial products company reported $4.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.61 by ($0.34). W.W. Grainger had a return on equity of 41.62% and a net margin of 7.09%. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.22 billion. During the same period in the previous year, the business posted $3.75 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities analysts expect that W.W. Grainger, Inc. will post 19.23 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Monday, August 9th were paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, August 6th. W.W. Grainger’s dividend payout ratio (DPR) is presently 40.05%.
About W.W. Grainger
W.W. Grainger, Inc operates as a supplier of maintenance, repair and operating products (MRO), with operations also in Europe, Asia and Latin America. It operates through two segments: United States and Canada. The United States segment offers a selection of MRO products and services through its eCommerce platforms, catalogs, branches and sales and service representatives.
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