393 Shares in W.W. Grainger, Inc. (NYSE:GWW) Acquired by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department bought a new position in W.W. Grainger, Inc. (NYSE:GWW) in the first quarter, Holdings Channel reports. The firm bought 393 shares of the industrial products company’s stock, valued at approximately $400,000.

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in W.W. Grainger during the 4th quarter valued at approximately $392,470,000. International Assets Investment Management LLC lifted its stake in W.W. Grainger by 82,775.0% during the 4th quarter. International Assets Investment Management LLC now owns 43,095 shares of the industrial products company’s stock valued at $35,712,000 after acquiring an additional 43,043 shares during the period. FIL Ltd lifted its stake in W.W. Grainger by 21.4% during the 4th quarter. FIL Ltd now owns 240,856 shares of the industrial products company’s stock valued at $199,595,000 after acquiring an additional 42,395 shares during the period. Mediolanum International Funds Ltd acquired a new stake in W.W. Grainger during the 1st quarter valued at approximately $28,241,000. Finally, Corient Private Wealth LLC lifted its stake in W.W. Grainger by 75.5% during the 4th quarter. Corient Private Wealth LLC now owns 43,087 shares of the industrial products company’s stock valued at $35,706,000 after acquiring an additional 18,542 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Matt Fortin sold 511 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $915.20, for a total transaction of $467,667.20. Following the transaction, the senior vice president now owns 1,848 shares of the company’s stock, valued at approximately $1,691,289.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 9.50% of the company’s stock.

W.W. Grainger Price Performance

GWW traded up $0.54 on Tuesday, hitting $952.15. 57,039 shares of the company’s stock were exchanged, compared to its average volume of 244,402. W.W. Grainger, Inc. has a fifty-two week low of $674.41 and a fifty-two week high of $1,034.18. The company has a current ratio of 2.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $924.49 and a 200-day moving average price of $938.19. The stock has a market cap of $46.72 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 1.86 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share for the quarter, beating the consensus estimate of $9.57 by $0.05. The firm had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.26 billion. W.W. Grainger had a net margin of 10.94% and a return on equity of 54.31%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.61 EPS. As a group, equities analysts anticipate that W.W. Grainger, Inc. will post 39.19 earnings per share for the current year.

W.W. Grainger Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Monday, May 13th were given a dividend of $2.05 per share. This is a boost from W.W. Grainger’s previous quarterly dividend of $1.86. The ex-dividend date was Friday, May 10th. This represents a $8.20 annualized dividend and a dividend yield of 0.86%. W.W. Grainger’s payout ratio is presently 22.64%.

Wall Street Analysts Forecast Growth

Several analysts have commented on GWW shares. Baird R W cut shares of W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Loop Capital cut their target price on shares of W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating for the company in a report on Monday, April 29th. Stephens raised shares of W.W. Grainger from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $1,000.00 to $1,250.00 in a report on Monday, April 29th. Erste Group Bank reaffirmed a “hold” rating on shares of W.W. Grainger in a report on Friday, June 14th. Finally, StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $959.44.

W.W. Grainger Company Profile

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.