Redwood Investment Management LLC Takes Position in W.W. Grainger, Inc. (NYSE:GWW)

Redwood Investment Management LLC acquired a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,539 shares of the industrial products company’s stock, valued at approximately $1,566,000.

Other institutional investors also recently modified their holdings of the company. Bfsg LLC bought a new position in shares of W.W. Grainger in the first quarter worth about $26,000. Valued Wealth Advisors LLC increased its stake in W.W. Grainger by 170.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 27 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 17 shares during the last quarter. Scarborough Advisors LLC bought a new stake in W.W. Grainger in the 4th quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in W.W. Grainger in the 4th quarter worth approximately $30,000. Finally, Newbridge Financial Services Group Inc. boosted its holdings in shares of W.W. Grainger by 275.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 45 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 33 shares during the period. 80.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GWW. Stephens upgraded W.W. Grainger from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $1,000.00 to $1,250.00 in a report on Monday, April 29th. Loop Capital dropped their target price on 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. Baird R W cut W.W. Grainger from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Erste Group Bank restated a “hold” rating on shares of W.W. Grainger in a report on Friday, June 14th. Finally, StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, W.W. Grainger currently has a consensus rating of “Hold” and an average target price of $997.75.

W.W. Grainger Stock Up 1.1 %

Shares of GWW stock traded up $10.45 during mid-day trading on Wednesday, hitting $976.81. The stock had a trading volume of 385,110 shares, compared to its average volume of 244,089. W.W. Grainger, Inc. has a 12-month low of $674.41 and a 12-month high of $1,034.18. The firm has a market capitalization of $47.93 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17. The firm’s 50-day moving average is $925.37 and its two-hundred day moving average is $943.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.19 and a quick ratio of 1.33.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Monday, August 12th will be given a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 0.84%. W.W. Grainger’s payout ratio is 22.64%.

Insider Transactions at W.W. Grainger

In other news, SVP Matt Fortin sold 511 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $915.20, for a total value of $467,667.20. Following the completion of the transaction, the senior vice president now directly owns 1,848 shares of the company’s stock, valued at approximately $1,691,289.60. The transaction 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 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.