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

Eaton Financial Holdings Company LLC purchased a new stake in shares of Global Industrial (NYSE:GIC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 33,284 shares of the company’s stock, valued at approximately $825,000. Eaton Financial Holdings Company LLC owned about 0.09% of Global Industrial at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its position in shares of Global Industrial by 221.5% during the 3rd quarter. Barclays PLC now owns 30,622 shares of the company’s stock valued at $1,041,000 after buying an additional 21,097 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Global Industrial by 39.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 46,005 shares of the company’s stock valued at $1,563,000 after purchasing an additional 13,105 shares during the period. New York State Common Retirement Fund raised its stake in shares of 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 valued at $936,000 after purchasing an additional 9,700 shares during the period. FMR LLC raised its stake in shares of Global Industrial by 14.7% during the 3rd quarter. FMR LLC now owns 2,534,156 shares of the company’s stock valued at $86,085,000 after purchasing an additional 325,555 shares during the period. Finally, State Street Corp raised its stake in shares of Global Industrial by 2.6% during the 3rd quarter. State Street Corp now owns 315,779 shares of the company’s stock valued at $10,727,000 after purchasing an additional 8,136 shares during the period. Hedge funds and other institutional investors own 31.19% of the company’s stock.

Global Industrial Stock Performance

NYSE:GIC opened at $22.47 on Monday. Global Industrial has a 52-week low of $22.09 and a 52-week 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. The business’s fifty day moving average is $24.18 and its 200 day moving average is $27.87.

Global Industrial (NYSE:GIC) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. The company had revenue of $302.30 million for the quarter, compared to the consensus estimate of $306.07 million. Equities analysts predict that Global Industrial will post 1.59 EPS for the current fiscal year.

Global Industrial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid 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 yield of 4.63%. The ex-dividend date of this dividend is Monday, March 10th. Global Industrial’s dividend payout ratio is currently 66.24%.

Global Industrial Company 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.