SOA Wealth Advisors LLC. Has $2.38 Million Position in W.W. Grainger, Inc. (NYSE:GWW)

SOA Wealth Advisors LLC. lifted its holdings in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,336 shares of the industrial products company’s stock after purchasing an additional 129 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in W.W. Grainger were worth $2,376,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Atria Wealth Solutions Inc. grew its stake in W.W. Grainger by 0.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 3,178 shares of the industrial products company’s stock valued at $2,633,000 after purchasing an additional 18 shares in the last quarter. Ardevora Asset Management LLP bought a new position in shares of W.W. Grainger during the 4th quarter worth approximately $11,075,000. Brevan Howard Capital Management LP boosted its stake in shares of W.W. Grainger by 119.5% during the 4th quarter. Brevan Howard Capital Management LP now owns 2,364 shares of the industrial products company’s stock worth $1,959,000 after acquiring an additional 1,287 shares during the period. National Bank of Canada FI boosted its stake in shares of W.W. Grainger by 11.5% during the 4th quarter. National Bank of Canada FI now owns 13,885 shares of the industrial products company’s stock worth $11,292,000 after acquiring an additional 1,432 shares during the period. Finally, UBS Group AG boosted its stake in shares of W.W. Grainger by 6.0% during the 4th quarter. UBS Group AG now owns 108,933 shares of the industrial products company’s stock worth $90,272,000 after acquiring an additional 6,197 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

NYSE:GWW traded down $0.23 during mid-day trading on Friday, hitting $915.06. 357,788 shares of the stock were exchanged, compared to its average volume of 242,095. The stock has a market capitalization of $44.90 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 1.81 and a beta of 1.16. The firm’s 50-day simple moving average is $933.43 and its 200 day simple moving average is $920.59. 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 fifty-two week low of $674.41 and a fifty-two week high of $1,034.18.

W.W. Grainger (NYSE:GWWGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $9.62 earnings per share for the quarter, beating the consensus estimate of $9.57 by $0.05. W.W. Grainger had a return on equity of 54.31% and a net margin of 10.94%. The firm had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the previous year, the firm earned $9.61 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that W.W. Grainger, Inc. will post 39.22 EPS for the current fiscal year.

W.W. Grainger Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Monday, May 13th were issued a dividend of $2.05 per share. The ex-dividend date was Friday, May 10th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.90%. This is a boost from W.W. Grainger’s previous quarterly dividend of $1.86. W.W. Grainger’s payout ratio is 22.64%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Oppenheimer lifted their target price on W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. UBS Group lifted their target price on W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Stephens upgraded W.W. Grainger from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $1,000.00 to $1,250.00 in a research note on Monday, April 29th. Robert W. Baird downgraded W.W. Grainger from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $1,000.00 to $975.00 in a research note on Wednesday, May 29th. Finally, StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $959.44.

Read Our Latest Stock Analysis on W.W. Grainger

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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