Dakota Wealth Management Has $2.60 Million Stake in W.W. Grainger, Inc. (NYSE:GWW)

Dakota Wealth Management decreased its position in W.W. Grainger, Inc. (NYSE:GWW) by 8.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,884 shares of the industrial products company’s stock after selling 282 shares during the period. Dakota Wealth Management’s holdings in W.W. Grainger were worth $2,602,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bfsg LLC bought a new stake in W.W. Grainger in the first quarter valued at $26,000. Valued Wealth Advisors LLC increased its stake in W.W. Grainger by 170.0% in the first quarter. Valued Wealth Advisors LLC now owns 27 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 17 shares in the last quarter. Scarborough Advisors LLC bought a new stake in W.W. Grainger in the fourth quarter valued at $28,000. Newbridge Financial Services Group Inc. increased its position in shares of W.W. Grainger by 275.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 45 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 33 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its position in shares of W.W. Grainger by 225.0% during the first quarter. Washington Trust Advisors Inc. now owns 39 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

Shares of GWW traded up $5.65 on Tuesday, reaching $963.79. The company’s stock had a trading volume of 33,160 shares, compared to its average volume of 245,063. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.30 and a quick ratio of 1.33. W.W. Grainger, Inc. has a 12-month low of $674.41 and a 12-month high of $1,034.18. The stock has a market capitalization of $47.29 billion, a P/E ratio of 26.49, a PEG ratio of 1.85 and a beta of 1.17. The stock’s 50 day simple moving average is $936.51 and its two-hundred day simple moving average is $951.76.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share for the quarter, topping the consensus estimate of $9.58 by $0.18. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the business posted $9.28 earnings per share. W.W. Grainger’s quarterly revenue was up 3.1% on a year-over-year basis. Research analysts forecast that W.W. Grainger, Inc. will post 39.1 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Monday, August 12th will be issued a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Monday, August 12th. W.W. Grainger’s payout ratio is 22.64%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reduced their price objective on shares of W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Loop Capital dropped their target price on shares of W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. Erste Group Bank reiterated a “hold” rating on shares of W.W. Grainger in a research note on Friday, June 14th. 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Nine equities 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, the company presently has a consensus rating of “Hold” and an average price target of $1,017.13.

Insiders Place Their Bets

In related news, SVP Matt Fortin sold 511 shares of W.W. Grainger stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $915.20, for a total value of $467,667.20. Following the completion of the sale, the senior vice president now directly owns 1,848 shares in the company, valued at approximately $1,691,289.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.50% of the stock is owned by company insiders.

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.