207 Shares in W.W. Grainger, Inc. (NYSE:GWW) Bought by Objective Capital Management LLC

Objective Capital Management LLC bought a new stake in W.W. Grainger, Inc. (NYSE:GWW) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 207 shares of the industrial products company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of W.W. Grainger by 5.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the industrial products company’s stock worth $168,000 after purchasing an additional 11 shares in the last quarter. Hexagon Capital Partners LLC grew its position in W.W. Grainger by 10.0% in the first quarter. Hexagon Capital Partners LLC now owns 121 shares of the industrial products company’s stock worth $124,000 after buying an additional 11 shares during the last quarter. Copperwynd Financial LLC increased its holdings in shares of W.W. Grainger by 3.6% in the fourth quarter. Copperwynd Financial LLC now owns 347 shares of the industrial products company’s stock valued at $288,000 after buying an additional 12 shares in the last quarter. Aaron Wealth Advisors LLC lifted its position in shares of W.W. Grainger by 2.7% during the 1st quarter. Aaron Wealth Advisors LLC now owns 463 shares of the industrial products company’s stock valued at $471,000 after acquiring an additional 12 shares during the last quarter. Finally, Alpha DNA Investment Management LLC lifted its position in shares of W.W. Grainger by 4.0% during the 4th quarter. Alpha DNA Investment Management LLC now owns 339 shares of the industrial products company’s stock valued at $281,000 after acquiring an additional 13 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analysts Set New Price Targets

GWW has been the subject of a number of recent analyst reports. Robert W. Baird lowered W.W. Grainger from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $1,000.00 to $975.00 in a research report on Wednesday, May 29th. JPMorgan Chase & Co. boosted their price target on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a report on Friday. Baird R W cut shares of W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research 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, Stephens upgraded W.W. Grainger from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $1,000.00 to $1,250.00 in a report on Monday, April 29th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $1,017.13.

Insiders Place Their Bets

In related news, SVP Matt Fortin sold 511 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $915.20, for a total transaction of $467,667.20. Following the completion of the transaction, the senior vice president now owns 1,848 shares of the company’s stock, valued at approximately $1,691,289.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.50% of the company’s stock.

W.W. Grainger Stock Up 1.1 %

Shares of GWW stock traded up $10.43 on Friday, hitting $952.79. The company’s stock had a trading volume of 361,136 shares, compared to its average volume of 270,770. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.30 and a quick ratio of 1.33. The stock has a market capitalization of $46.75 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 1.85 and a beta of 1.17. W.W. Grainger, Inc. has a fifty-two week low of $674.41 and a fifty-two week high of $1,034.18. The firm’s fifty day moving average price is $924.85 and its 200-day moving average price is $944.58.

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

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Monday, August 12th will be issued a $2.05 dividend. The ex-dividend date is Monday, August 12th. This represents a $8.20 annualized dividend and a yield of 0.86%. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.64%.

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.