Guardian Capital LP Boosts Stake in W.W. Grainger, Inc. (NYSE:GWW)

Guardian Capital LP raised its position in W.W. Grainger, Inc. (NYSE:GWWGet Rating) by 35.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,130 shares of the industrial products company’s stock after buying an additional 294 shares during the period. Guardian Capital LP’s holdings in W.W. Grainger were worth $514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its stake in shares of W.W. Grainger by 159.9% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 273,391 shares of the industrial products company’s stock valued at $124,236,000 after purchasing an additional 168,190 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of W.W. Grainger by 1,568.4% in the 1st quarter. Lazard Asset Management LLC now owns 165,035 shares of the industrial products company’s stock valued at $85,122,000 after purchasing an additional 155,143 shares in the last quarter. BlackRock Inc. raised its stake in shares of W.W. Grainger by 3.7% in the 1st quarter. BlackRock Inc. now owns 3,915,066 shares of the industrial products company’s stock valued at $2,019,353,000 after purchasing an additional 140,892 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of W.W. Grainger by 1,017.9% in the 1st quarter. Acadian Asset Management LLC now owns 143,313 shares of the industrial products company’s stock valued at $73,904,000 after purchasing an additional 130,493 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of W.W. Grainger by 88.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 275,047 shares of the industrial products company’s stock valued at $124,990,000 after purchasing an additional 128,948 shares in the last quarter. 71.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GWW shares. Royal Bank of Canada upped their target price on shares of W.W. Grainger from $399.00 to $422.00 and gave the company an “underperform” rating in a research note on Monday, August 1st. StockNews.com assumed coverage on shares of W.W. Grainger in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. Wolfe Research lowered shares of W.W. Grainger from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 14th. Atlantic Securities lowered shares of W.W. Grainger from an “overweight” rating to a “neutral” rating and set a $630.00 price objective on the stock. in a research note on Tuesday, November 15th. Finally, Morgan Stanley increased their price objective on shares of W.W. Grainger from $448.00 to $485.00 and gave the stock an “underweight” rating in a research note on Monday, October 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $572.83.

W.W. Grainger Stock Performance

Shares of NYSE:GWW traded down $1.15 during trading hours on Thursday, hitting $604.32. The stock had a trading volume of 144,347 shares, compared to its average volume of 340,636. The stock’s fifty day simple moving average is $543.52 and its 200 day simple moving average is $518.95. W.W. Grainger, Inc. has a 1-year low of $440.48 and a 1-year high of $612.06. The firm has a market capitalization of $30.54 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 1.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.46 and a current ratio of 2.63.

W.W. Grainger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be paid a $1.72 dividend. The ex-dividend date is Thursday, November 10th. This represents a $6.88 annualized dividend and a dividend yield of 1.14%. W.W. Grainger’s payout ratio is currently 24.60%.

W.W. Grainger Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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