Quest Partners LLC Has $1.55 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Quest Partners LLC raised its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 9,411.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,712 shares of the industrial products company’s stock after buying an additional 1,694 shares during the quarter. Quest Partners LLC’s holdings in W.W. Grainger were worth $1,545,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Valued Wealth Advisors LLC lifted its holdings in shares of W.W. Grainger by 170.0% during the first quarter. Valued Wealth Advisors LLC now owns 27 shares of the industrial products company’s stock worth $27,000 after buying an additional 17 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of W.W. Grainger in the fourth quarter valued at $28,000. Newbridge Financial Services Group Inc. raised its stake in shares of W.W. 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 in the last quarter. Washington Trust Advisors Inc. raised its stake in shares of W.W. Grainger by 225.0% in the first quarter. Washington Trust Advisors Inc. now owns 39 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 27 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of W.W. Grainger in the first quarter valued at $41,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other W.W. Grainger news, SVP Matt Fortin sold 511 shares of the firm’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 transaction, the senior vice president now owns 1,848 shares in the company, valued at $1,691,289.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 9.50% of the company’s stock.

W.W. Grainger Stock Performance

Shares of NYSE:GWW opened at $972.14 on Tuesday. The business has a fifty day moving average of $953.40 and a 200-day moving average of $954.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.30. The firm has a market cap of $47.47 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 1.88 and a beta of 1.16. W.W. Grainger, Inc. has a twelve month low of $674.41 and a twelve month high of $1,034.18.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the business earned $9.28 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts predict that W.W. Grainger, Inc. will post 38.71 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Monday, August 12th were issued a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Monday, August 12th. W.W. Grainger’s dividend payout ratio (DPR) is currently 22.64%.

Analyst Ratings Changes

A number of brokerages recently commented on GWW. Royal Bank of Canada cut their target price on W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. Baird R W lowered W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. JPMorgan Chase & Co. upped their target price on 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. StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Finally, Erste Group Bank reiterated a “hold” rating on shares of W.W. Grainger in a research report on Friday, June 14th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1,014.11.

About W.W. Grainger

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.