Eaton Financial Holdings Company LLC Takes $825,000 Position in Global Industrial (NYSE:GIC)

Eaton Financial Holdings Company LLC acquired a new stake in shares of Global Industrial (NYSE:GIC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 33,284 shares of the company’s stock, valued at approximately $825,000.

Several other institutional investors have also recently modified their holdings of GIC. Barclays PLC grew its position in Global Industrial by 221.5% during the 3rd quarter. Barclays PLC now owns 30,622 shares of the company’s stock worth $1,041,000 after acquiring an additional 21,097 shares during the last quarter. JPMorgan Chase & Co. grew its position in Global Industrial by 39.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 46,005 shares of the company’s stock worth $1,563,000 after acquiring an additional 13,105 shares during the last quarter. New York State Common Retirement Fund grew its position in Global Industrial by 34.6% during the 4th quarter. New York State Common Retirement Fund now owns 37,772 shares of the company’s stock worth $936,000 after acquiring an additional 9,700 shares during the last quarter. FMR LLC grew its position in Global Industrial by 14.7% during the 3rd quarter. FMR LLC now owns 2,534,156 shares of the company’s stock worth $86,085,000 after acquiring an additional 325,555 shares during the last quarter. Finally, State Street Corp grew its position in Global Industrial by 2.6% during the 3rd quarter. State Street Corp now owns 315,779 shares of the company’s stock worth $10,727,000 after acquiring an additional 8,136 shares during the last quarter. 31.19% of the stock is currently owned by institutional investors.

Global Industrial Price Performance

GIC opened at $22.47 on Monday. The stock’s 50 day simple moving average is $24.18 and its 200 day simple moving average is $27.87. Global Industrial has a 1 year low of $22.09 and a 1 year high of $46.97. The firm has a market cap of $861.00 million, a price-to-earnings ratio of 13.22, a PEG ratio of 0.93 and a beta of 0.85.

Global Industrial (NYSE:GIC) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. The company had revenue of $302.30 million for the quarter, compared to the consensus estimate of $306.07 million. As a group, sell-side analysts anticipate that Global Industrial will post 1.59 EPS for the current year.

Global Industrial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $0.26 dividend. This is a positive change from Global Industrial’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Monday, March 10th. Global Industrial’s dividend payout ratio (DPR) is currently 66.24%.

Global Industrial Profile

Global Industrial Company operates as an industrial distributor of various industrial and maintenance, repair, and operation (MRO) products in North America. It offers storage and shelving, safety and security, carts and trucks, HVAC and fans, furniture and decor, material handling, janitorial and facility maintenance, workbenches and shop desks, tools and instruments, plumbing and pumps, office and school supplies, packaging and shipping, lighting and electrical, foodservice and retail, medical and laboratory, motors and power transmission, building supplies, machining, fasteners and hardware, vehicle maintenance, and raw materials.