Swiss National Bank reduced its stake in W W Grainger Inc (NYSE:GWW) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 202,774 shares of the industrial products company’s stock after selling 1,900 shares during the quarter. Swiss National Bank owned approximately 0.36% of W W Grainger worth $47,905,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Tredje AP fonden grew its holdings in W W Grainger by 32.2% in the 3rd quarter. Tredje AP fonden now owns 3,450 shares of the industrial products company’s stock valued at $620,000 after buying an additional 840 shares in the last quarter. Ronna Sue Cohen purchased a new position in shares of W W Grainger during the 3rd quarter worth $3,651,000. MU Investments Co. Ltd. grew its holdings in shares of W W Grainger by 29.2% during the 4th quarter. MU Investments Co. Ltd. now owns 24,800 shares of the industrial products company’s stock worth $5,901,000 after purchasing an additional 5,600 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of W W Grainger by 4.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 12,728 shares of the industrial products company’s stock worth $3,007,000 after purchasing an additional 550 shares during the period. Finally, Pinebridge Investments L.P. grew its holdings in shares of W W Grainger by 47.1% during the 3rd quarter. Pinebridge Investments L.P. now owns 5,128 shares of the industrial products company’s stock worth $921,000 after purchasing an additional 1,642 shares during the period. Institutional investors own 85.84% of the company’s stock.
W W Grainger Inc (GWW) opened at $266.68 on Friday. W W Grainger Inc has a twelve month low of $155.00 and a twelve month high of $298.14. The company has a market capitalization of $15,184.01, a PE ratio of 26.61, a P/E/G ratio of 2.01 and a beta of 0.88. The company has a current ratio of 2.13, a quick ratio of 1.18 and a debt-to-equity ratio of 1.23.
W W Grainger (NYSE:GWW) last announced its earnings results on Wednesday, January 24th. The industrial products company reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.76. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period last year, the business posted $2.45 EPS. W W Grainger’s revenue for the quarter was up 6.5% on a year-over-year basis. equities analysts anticipate that W W Grainger Inc will post 13.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Friday, February 9th. W W Grainger’s dividend payout ratio (DPR) is 51.10%.
GWW has been the subject of a number of research analyst reports. TheStreet upgraded W W Grainger from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. Royal Bank of Canada reiterated a “sell” rating and set a $192.00 price target on shares of W W Grainger in a report on Thursday, January 4th. Zacks Investment Research cut W W Grainger from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 16th. UBS Group initiated coverage on W W Grainger in a report on Tuesday, January 23rd. They set a “sell” rating and a $215.00 price target for the company. Finally, BMO Capital Markets increased their price target on W W Grainger from $224.00 to $235.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. W W Grainger presently has a consensus rating of “Hold” and a consensus price target of $234.38.
In related news, VP John L. Howard sold 21,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $220.56, for a total transaction of $4,631,760.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric R. Tapia sold 100 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $266.06, for a total value of $26,606.00. Following the transaction, the vice president now owns 3,563 shares of the company’s stock, valued at $947,971.78. The disclosure for this sale can be found here. Insiders have sold a total of 30,258 shares of company stock valued at $6,790,898 over the last 90 days. 9.60% of the stock is currently owned by company insiders.
W W Grainger Company Profile
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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