Hurlow Wealth Management Group Inc. Reduces Position in W.W. Grainger, Inc. (NYSE:GWW)

Hurlow Wealth Management Group Inc. decreased its position in W.W. Grainger, Inc. (NYSE:GWWFree Report) by 17.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 587 shares of the industrial products company’s stock after selling 127 shares during the period. Hurlow Wealth Management Group Inc.’s holdings in W.W. Grainger were worth $597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chesley Taft & Associates LLC lifted its stake in W.W. Grainger by 12.2% during the 1st quarter. Chesley Taft & Associates LLC now owns 6,927 shares of the industrial products company’s stock valued at $7,047,000 after acquiring an additional 755 shares during the period. Scharf Investments LLC lifted its position in W.W. Grainger by 7.7% during the first quarter. Scharf Investments LLC now owns 2,324 shares of the industrial products company’s stock valued at $2,364,000 after purchasing an additional 167 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in W.W. Grainger by 9.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,243 shares of the industrial products company’s stock valued at $15,506,000 after purchasing an additional 1,342 shares during the period. Agate Pass Investment Management LLC purchased a new stake in W.W. Grainger in the first quarter valued at $215,000. Finally, Wealthcare Advisory Partners LLC grew its position in W.W. Grainger by 15.8% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 448 shares of the industrial products company’s stock worth $456,000 after purchasing an additional 61 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insider Transactions at W.W. Grainger

In other news, SVP Matt Fortin sold 511 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $915.20, for a total value of $467,667.20. Following the transaction, the senior vice president now directly owns 1,848 shares of the company’s stock, valued at $1,691,289.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 9.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Loop Capital decreased their price objective on W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating for the company in a report on Monday, April 29th. Stephens raised W.W. Grainger from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $1,000.00 to $1,250.00 in a report on Monday, April 29th. 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. Robert W. Baird cut shares of W.W. Grainger from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $1,000.00 to $975.00 in a research note on Wednesday, May 29th. Finally, UBS Group raised their price target on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $959.44.

Get Our Latest Stock Analysis on GWW

W.W. Grainger Price Performance

Shares of GWW traded down $4.99 during mid-day trading on Thursday, hitting $903.80. 163,576 shares of the company were exchanged, compared to its average volume of 241,688. The stock has a market cap of $44.35 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16. W.W. Grainger, Inc. has a 1-year low of $674.41 and a 1-year high of $1,034.18. The company has a 50 day moving average of $929.88 and a 200-day moving average of $924.47. 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 (NYSE:GWWGet Free Report) last announced its earnings results on Thursday, April 25th. The industrial products company reported $9.62 EPS for the quarter, beating analysts’ consensus estimates of $9.57 by $0.05. The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.26 billion. W.W. Grainger had a return on equity of 54.31% and a net margin of 10.94%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.61 earnings per share. Analysts expect that W.W. Grainger, Inc. will post 39.22 EPS for the current fiscal 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 paid a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, May 10th. This is a boost from W.W. Grainger’s previous quarterly dividend of $1.86. W.W. Grainger’s payout ratio is 22.64%.

About W.W. Grainger

(Free Report)

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.

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Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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