Birch Capital Management LLC decreased its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,612 shares of the industrial products company’s stock after selling 157 shares during the period. W.W. Grainger comprises approximately 5.2% of Birch Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Birch Capital Management LLC’s holdings in W.W. Grainger were worth $7,061,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of W.W. Grainger during the 4th quarter valued at approximately $89,000. Perigon Wealth Management LLC purchased a new position in W.W. Grainger in the 4th quarter valued at $29,000. Wolff Wiese Magana LLC purchased a new position in W.W. Grainger in the 4th quarter valued at $33,000. Harvest Fund Management Co. Ltd purchased a new position in W.W. Grainger in the 4th quarter valued at $33,000. Finally, Penserra Capital Management LLC lifted its holdings in W.W. Grainger by 39.7% in the 4th quarter. Penserra Capital Management LLC now owns 95 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 70.63% of the company’s stock.

Shares of NYSE:GWW traded down $1.39 during midday trading on Thursday, reaching $397.35. 512 shares of the company’s stock were exchanged, compared to its average volume of 344,282. The firm’s 50 day simple moving average is $392.21 and its two-hundred day simple moving average is $388.26. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.97 and a quick ratio of 1.73. The stock has a market cap of $20.80 billion, a price-to-earnings ratio of 34.43, a P/E/G ratio of 2.13 and a beta of 1.15. W.W. Grainger, Inc. has a fifty-two week low of $256.19 and a fifty-two week high of $427.90.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Tuesday, February 2nd. The industrial products company reported $3.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.86 by ($0.20). The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.92 billion. W.W. Grainger had a return on equity of 41.31% and a net margin of 5.37%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.88 earnings per share. Equities research analysts predict that W.W. Grainger, Inc. will post 16.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 1st. Shareholders of record on Monday, February 8th were given a $1.53 dividend. This represents a $6.12 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Friday, February 5th. W.W. Grainger’s dividend payout ratio is currently 35.40%.

GWW has been the topic of a number of research reports. Wells Fargo & Company lowered W.W. Grainger from an “equal weight” rating to an “underweight” rating and set a $350.00 price objective on the stock. in a report on Monday, December 14th. Oppenheimer raised their price objective on W.W. Grainger from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, March 10th. UBS Group decreased their price objective on W.W. Grainger from $465.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday, February 4th. Deutsche Bank Aktiengesellschaft lifted their price target on W.W. Grainger from $391.00 to $405.00 and gave the stock a “hold” rating in a report on Monday, February 1st. Finally, Morgan Stanley lifted their price target on W.W. Grainger from $405.00 to $433.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $373.85.

In other W.W. Grainger news, CEO Donald G. Macpherson sold 4,276 shares of W.W. Grainger stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $407.01, for a total value of $1,740,374.76. Following the completion of the transaction, the chief executive officer now directly owns 61,175 shares of the company’s stock, valued at approximately $24,898,836.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP John L. Howard sold 2,535 shares of W.W. Grainger stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $407.21, for a total value of $1,032,277.35. Following the completion of the transaction, the vice president now directly owns 40,893 shares of the company’s stock, valued at $16,652,038.53. The disclosure for this sale can be found here. Insiders own 13.97% of the company’s stock.

W.W. Grainger Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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

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