JPMorgan Chase & Co. Has $20.76 Million Position in W.W. Grainger, Inc. (GWW)
JPMorgan Chase & Co. increased its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 77.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,190 shares of the industrial products company’s stock after buying an additional 38,833 shares during the period. JPMorgan Chase & Co. owned approximately 0.15% of W.W. Grainger worth $20,761,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. Northwest Quadrant Wealth Management LLC bought a new stake in W.W. Grainger during the fourth quarter valued at $127,000. Ibex Wealth Advisors bought a new stake in W.W. Grainger during the fourth quarter valued at $134,000. NEXT Financial Group Inc raised its stake in W.W. Grainger by 35.0% in the first quarter. NEXT Financial Group Inc now owns 783 shares of the industrial products company’s stock valued at $151,000 after buying an additional 203 shares in the last quarter. Mosaic Family Wealth LLC raised its stake in W.W. Grainger by 2.7% in the first quarter. Mosaic Family Wealth LLC now owns 840 shares of the industrial products company’s stock valued at $195,000 after buying an additional 22 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in W.W. Grainger by 5.3% in the fourth quarter. Van ECK Associates Corp now owns 861 shares of the industrial products company’s stock valued at $200,000 after buying an additional 43 shares in the last quarter. Institutional investors own 80.59% of the company’s stock.
W.W. Grainger, Inc. (GWW) opened at 180.32 on Friday. The stock has a 50 day moving average price of $179.61 and a 200-day moving average price of $223.27. The firm has a market cap of $10.53 billion, a P/E ratio of 18.41 and a beta of 0.74. W.W. Grainger, Inc. has a 1-year low of $168.58 and a 1-year high of $262.71.
W.W. Grainger (NYSE:GWW) last released its earnings results on Tuesday, April 18th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.99 by $0.11. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.57 billion. W.W. Grainger had a net margin of 5.84% and a return on equity of 33.24%. W.W. Grainger’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.18 EPS. Equities research analysts forecast that W.W. Grainger, Inc. will post $10.38 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 8th were issued a $1.28 dividend. This is a positive change from W.W. Grainger’s previous quarterly dividend of $1.22. The ex-dividend date was Thursday, May 4th. This represents a $5.12 annualized dividend and a yield of 2.84%. W.W. Grainger’s payout ratio is presently 52.35%.
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A number of research firms recently commented on GWW. TheStreet upgraded W.W. Grainger from a “c+” rating to a “b-” rating in a research report on Monday, February 27th. BMO Capital Markets restated a “hold” rating and set a $198.00 price target on shares of W.W. Grainger in a research report on Thursday, May 25th. Stephens set a $190.00 price target on W.W. Grainger and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Stifel Nicolaus restated a “hold” rating and set a $180.00 price target (down from $204.00) on shares of W.W. Grainger in a research report on Friday, June 2nd. Finally, William Blair lowered W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Monday, April 24th. Six equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $189.60.
About W.W. Grainger
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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