Swiss National Bank reduced its position in shares of W W Grainger Inc (NYSE:GWW) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and 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 0.36% of W W Grainger worth $47,905,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Longview Partners Guernsey LTD increased its holdings in shares of W W Grainger by 33.2% in the third quarter. Longview Partners Guernsey LTD now owns 5,001,477 shares of the industrial products company’s stock valued at $899,015,000 after purchasing an additional 1,245,771 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of W W Grainger by 224.7% in the third quarter. Ameriprise Financial Inc. now owns 1,225,728 shares of the industrial products company’s stock valued at $220,325,000 after purchasing an additional 848,192 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of W W Grainger by 81.0% in the third quarter. Bank of New York Mellon Corp now owns 730,951 shares of the industrial products company’s stock valued at $131,388,000 after acquiring an additional 327,085 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of W W Grainger by 13.0% in the third quarter. Mackenzie Financial Corp now owns 2,103,608 shares of the industrial products company’s stock valued at $378,124,000 after acquiring an additional 242,827 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of W W Grainger by 447.0% in the third quarter. JPMorgan Chase & Co. now owns 201,494 shares of the industrial products company’s stock valued at $36,283,000 after acquiring an additional 164,656 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.
W W Grainger Inc (NYSE GWW) traded up $2.59 during trading hours on Friday, reaching $266.19. 469,960 shares of the company’s stock were exchanged, compared to its average volume of 1,010,473. The firm has a market cap of $14,848.29, a P/E ratio of 23.00, a PEG ratio of 1.97 and a beta of 0.88. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.13 and a quick ratio of 1.18. W W Grainger Inc has a twelve month low of $155.00 and a twelve month high of $298.14.
W W Grainger (NYSE:GWW) last released its earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.76. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.57 billion. W W Grainger had a net margin of 5.62% and a return on equity of 35.76%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.45 EPS. research analysts expect that W W Grainger Inc will post 13.81 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, February 9th. W W Grainger’s dividend payout ratio (DPR) is 51.10%.
In related news, VP Eric R. Tapia sold 100 shares of W W Grainger stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $266.06, for a total value of $26,606.00. Following the completion of the sale, the vice president now owns 3,563 shares of the company’s stock, valued at approximately $947,971.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP John L. Howard sold 21,000 shares of W W Grainger stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $220.56, for a total transaction of $4,631,760.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,258 shares of company stock valued at $6,790,898. Insiders own 9.60% of the company’s stock.
Several research firms recently commented on GWW. Robert W. Baird upgraded shares of W W Grainger from a “neutral” rating to a “buy” rating in a research note on Thursday, January 25th. Credit Suisse Group upped their price target on shares of W W Grainger from $190.00 to $240.00 and gave the company an “underperform” rating in a research note on Thursday, January 25th. Oppenheimer reiterated a “buy” rating and set a $245.00 price objective on shares of W W Grainger in a research note on Monday, November 13th. Zacks Investment Research upgraded shares of W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 price objective on the stock in a research note on Tuesday, January 30th. Finally, Stephens reiterated a “hold” rating and set a $264.00 price objective on shares of W W Grainger in a research note on Thursday, January 25th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $234.38.
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W W Grainger 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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