Cwm LLC Boosts Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Cwm LLC raised its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 3.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,884 shares of the industrial products company’s stock after acquiring an additional 66 shares during the quarter. Cwm LLC’s holdings in W.W. Grainger were worth $1,917,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GWW. EverSource Wealth Advisors LLC increased its position in W.W. Grainger by 5.7% during 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. Ritholtz Wealth Management increased its position in W.W. Grainger by 2.8% during the 4th quarter. Ritholtz Wealth Management now owns 436 shares of the industrial products company’s stock worth $361,000 after purchasing an additional 12 shares in the last quarter. Copperwynd Financial LLC grew its holdings in W.W. Grainger by 3.6% in the 4th 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 during the period. Alpha DNA Investment Management LLC grew its holdings in W.W. Grainger by 4.0% in the 4th quarter. Alpha DNA Investment Management LLC now owns 339 shares of the industrial products company’s stock valued at $281,000 after buying an additional 13 shares during the period. Finally, CI Investments Inc. grew its holdings in W.W. Grainger by 2.9% in the 3rd quarter. CI Investments Inc. now owns 489 shares of the industrial products company’s stock valued at $338,000 after buying an additional 14 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on GWW. 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. Erste Group Bank restated a “hold” rating on shares of W.W. Grainger in a report on Friday, June 14th. Baird R W cut W.W. Grainger from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Robert W. Baird cut W.W. Grainger from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $1,000.00 to $975.00 in a report on Wednesday, May 29th. Finally, UBS Group lifted their price target on W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, W.W. Grainger presently has a consensus rating of “Hold” and an average price target of $959.44.

W.W. Grainger Stock Up 0.8 %

Shares of NYSE:GWW opened at $924.49 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 2.19. W.W. Grainger, Inc. has a 1 year low of $674.41 and a 1 year high of $1,034.18. The stock has a market capitalization of $45.36 billion, a P/E ratio of 25.52, a PEG ratio of 1.81 and a beta of 1.16. The stock has a 50-day simple moving average of $934.45 and a 200-day simple moving average of $920.63.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $9.62 EPS for the quarter, topping the consensus estimate of $9.57 by $0.05. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. W.W. Grainger had a return on equity of 54.31% and a net margin of 10.94%. W.W. Grainger’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $9.61 EPS. Equities analysts forecast that W.W. Grainger, Inc. will post 39.22 earnings per share for the current year.

W.W. Grainger Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Monday, May 13th were given a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.89%. This is a positive change from W.W. Grainger’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Friday, May 10th. W.W. Grainger’s dividend payout ratio is presently 22.64%.

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.