WW Grainger, Inc. (NYSE:GWW) Shares sold by State of Michigan Retirement System

State of Michigan Retirement System reduced its holdings in shares of WW Grainger, Inc. (NYSE:GWW – Free Report) by 0.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,217 shares of the industrial products company’s stock after selling 100 shares during the period. State of Michigan Retirement System’s holdings in WW Grainger were worth $11,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. Bfsg LLC purchased a new position in WW Grainger in the first quarter valued at approximately $26,000. Valued Wealth Advisors LLC raised its position in shares of WW 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 buying an additional 17 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in WW Grainger in the 4th quarter valued at $28,000. Newbridge Financial Services Group Inc. lifted its position in WW Grainger by 275.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 45 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 33 shares during the last quarter. Finally, Washington Trust Advisors Inc. grew its holdings in shares of WW Grainger by 225.0% in the first quarter. Washington Trust Advisors Inc. now owns 39 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s shares.

Insider Buying and Selling at WW Grainger

In related news, SVP Matt Fortin sold 511 shares of WW 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 transaction of $467,667.20. Following the completion of the transaction, the senior vice president now directly owns 1,848 shares in the company, valued at approximately $1,691,289.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders own 9.50% of the company’s shares.

Analysts set new price targets

GWW has been the subject of a number of analyst research reports. Royal Bank of Canada cut their price target on WW Grainger from $978.00 to $972.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Stephens upgraded shares of WW Grainger from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,000.00 to $1,250.00 in a research report on Monday. April 29. Loop Capital decreased their price target on WW Grainger from $1,000.00 to $975.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Robert W. Baird downgraded WW Grainger from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $1,000.00 to $975.00 in a report on Wednesday, May 29th . Finally, JPMorgan Chase & Co. boosted their price objective on shares of WW Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. WW Grainger has an average rating of “Hold” and an average target price of $1,017.13, according to MarketBeat.com.

Get the latest stock analysis on WW Grainger

WW Grainger trades down 0.9%

Shares of WW Grainger stock opened at $973.59 on Tuesday. The company has a 50 day moving average of $942.82 and a two hundred day moving average of $952.62. The stock has a market cap of $47.77 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. The company has a current ratio of 2.30, a quick ratio of 1.33, and a debt-to-equity ratio of 0.50. WW Grainger, Inc. has a 12-month low of $674.41 and a 12-month high of $1,034.18.

WW Grainger (NYSE:GWW – Get Your Free Report ) last posted its earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, topping analysts’ consensus estimates of $9.58 by $0.18. The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.35 billion. WW Grainger had a return on equity of 53.25% and a net margin of 10.86%. WW Grainger’s quarterly revenue was up 3.1% compared to the same quarter last year. In the same period last year, the company earned $9.28 per share. On average, research analysts anticipate that WW Grainger, Inc. will post 39.1 EPS for the current fiscal year.

WW Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Monday, August 12th will be given a dividend of $2.05 per share. This represents a dividend of $8.20 on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Monday, August 12. WW Grainger’s payout ratio is currently 22.64%.

WW Grainger Company Profile

(Free Report)

WW 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 NA and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and sanitary equipment, cleaning and maintenance, as well as metalworking and hand tools.

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