Amalgamated Bank Has $8.42 Million Stock Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Amalgamated Bank lessened its position in W.W. Grainger, Inc. (NYSE:GWW) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,327 shares of the industrial products company’s stock after selling 234 shares during the period. Amalgamated Bank’s holdings in W.W. Grainger were worth $8,415,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Valued Wealth Advisors LLC boosted its stake in shares of W.W. Grainger by 170.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 27 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 17 shares in the last quarter. Scarborough Advisors LLC bought a new position in shares of W.W. Grainger in the fourth quarter valued at about $28,000. Newbridge Financial Services Group Inc. raised its holdings 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 buying an additional 33 shares during the last quarter. Washington Trust Advisors Inc. raised its holdings 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 buying an additional 27 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of W.W. Grainger in the first quarter valued at about $41,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Price Performance

W.W. Grainger stock opened at $1,030.10 on Friday. The firm has a market capitalization of $50.55 billion, a P/E ratio of 28.44, a PEG ratio of 1.96 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 business has a 50-day moving average of $965.43 and a 200-day moving average of $955.58. The company has a current ratio of 2.30, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.58 by $0.18. The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.35 billion. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $9.28 EPS. On average, equities analysts anticipate that W.W. Grainger, Inc. will post 38.75 EPS for the current year.

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Monday, August 12th were given a dividend of $2.05 per share. The ex-dividend date was Monday, August 12th. This represents a $8.20 annualized dividend and a dividend yield of 0.80%. W.W. Grainger’s payout ratio is currently 22.64%.

Insider Activity at W.W. Grainger

In related news, CEO Donald G. Macpherson sold 27,502 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the completion of the transaction, the chief executive officer now directly owns 111,559 shares in the company, valued at approximately $111,650,478.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GWW has been the subject of a number of research analyst reports. Robert W. Baird cut W.W. Grainger from an “outperform” rating to a “neutral” rating and cut their price target for the company from $1,000.00 to $975.00 in a report on Wednesday, May 29th. Erste Group Bank reaffirmed a “hold” rating on shares of W.W. Grainger in a report on Friday, June 14th. Royal Bank of Canada cut their price target on W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. Morgan Stanley started coverage on W.W. Grainger in a report on Friday, September 6th. They issued an “equal weight” rating and a $990.00 price target for the company. Finally, Baird R W cut W.W. Grainger from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,014.11.

W.W. Grainger Company 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.