First Hawaiian Bank Has $965,000 Holdings in W.W. Grainger, Inc. (NYSE:GWW)

First Hawaiian Bank reduced its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 23.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,070 shares of the industrial products company’s stock after selling 323 shares during the period. First Hawaiian Bank’s holdings in W.W. Grainger were worth $965,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of W.W. Grainger by 13.0% in the second quarter. GAMMA Investing LLC now owns 487 shares of the industrial products company’s stock valued at $439,000 after purchasing an additional 56 shares during the period. Transcend Capital Advisors LLC raised its holdings in W.W. Grainger by 10.1% in the 2nd quarter. Transcend Capital Advisors LLC now owns 2,369 shares of the industrial products company’s stock valued at $2,137,000 after acquiring an additional 217 shares during the period. SRN Advisors LLC lifted its position in W.W. Grainger by 5.2% during the first quarter. SRN Advisors LLC now owns 1,703 shares of the industrial products company’s stock worth $1,732,000 after acquiring an additional 84 shares during the last quarter. Railway Pension Investments Ltd boosted its holdings in shares of W.W. Grainger by 0.5% during the first quarter. Railway Pension Investments Ltd now owns 98,916 shares of the industrial products company’s stock worth $100,627,000 after acquiring an additional 500 shares during the period. Finally, Objective Capital Management LLC acquired a new position in shares of W.W. Grainger in the first quarter valued at approximately $211,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

GWW has been the topic of a number of research reports. StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Loop Capital decreased their price target on shares of W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. Erste Group Bank reiterated a “hold” rating on shares of W.W. Grainger in a research note on Friday, June 14th. Royal Bank of Canada decreased their target price on shares of W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a research report on Friday. Finally, Baird R W downgraded shares of W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, W.W. Grainger has an average rating of “Hold” and a consensus target price of $1,017.13.

Insider Buying and Selling

In other news, SVP Matt Fortin sold 511 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $915.20, for a total transaction of $467,667.20. Following the transaction, the senior vice president now owns 1,848 shares of the company’s stock, valued at approximately $1,691,289.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.50% of the stock is currently owned by insiders.

W.W. Grainger Price Performance

W.W. Grainger stock traded up $14.14 during midday trading on Tuesday, reaching $964.13. The company’s stock had a trading volume of 136,952 shares, compared to its average volume of 246,580. The stock has a market cap of $47.31 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. The company has a current ratio of 2.30, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. W.W. Grainger, Inc. has a 52 week low of $674.41 and a 52 week high of $1,034.18. The business has a 50-day moving average price of $924.55 and a 200-day moving average price of $946.61.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, beating analysts’ consensus estimates of $9.58 by $0.18. The firm had revenue of $4.31 billion for 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 business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.28 EPS. On average, sell-side analysts predict that W.W. Grainger, Inc. will post 39.1 EPS for the current year.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Monday, August 12th will be paid a dividend of $2.05 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $8.20 annualized dividend and a dividend yield of 0.85%. W.W. Grainger’s payout ratio is currently 22.64%.

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.