Wayne Hummer Investments L.L.C. acquired a new stake in shares of W W Grainger Inc (NYSE:GWW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,015 shares of the industrial products company’s stock, valued at approximately $240,000.
A number of other hedge funds also recently modified their holdings of GWW. Ameriprise Financial Inc. raised its position in W W Grainger by 224.7% during 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 period. Bank of New York Mellon Corp raised its position in W W Grainger by 81.0% during 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 purchasing an additional 327,085 shares during the period. Mackenzie Financial Corp raised its position in W W Grainger by 13.0% during 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 purchasing an additional 242,827 shares during the period. JPMorgan Chase & Co. raised its holdings 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 worth $36,283,000 after buying an additional 164,656 shares during the period. Finally, Longview Partners Guernsey LTD raised its holdings in shares of W W Grainger by 3.1% in the fourth quarter. Longview Partners Guernsey LTD now owns 5,157,790 shares of the industrial products company’s stock worth $1,218,528,000 after buying an additional 156,313 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.
W W Grainger Inc (GWW) traded up $3.56 on Wednesday, reaching $280.21. The company’s stock had a trading volume of 731,107 shares, compared to its average volume of 915,247. The stock has a market cap of $15,720.00, a P/E ratio of 28.02, a P/E/G ratio of 2.09 and a beta of 0.87. W W Grainger Inc has a one year low of $155.00 and a one year high of $298.14. 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 (NYSE:GWW) last released its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.94 EPS for the quarter, topping the consensus estimate of $2.18 by $0.76. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.57 billion. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. W W Grainger’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted $2.45 EPS. equities analysts anticipate that W W Grainger Inc will post 13.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Monday, February 12th were issued a dividend of $1.28 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $5.12 annualized dividend and a yield of 1.83%. W W Grainger’s payout ratio is currently 51.20%.
Several brokerages have recently weighed in on GWW. Stifel Nicolaus reiterated a “hold” rating and issued a $278.00 price target on shares of W W Grainger in a report on Friday, January 26th. Zacks Investment Research upgraded W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 price target on the stock in a report on Tuesday, January 30th. Credit Suisse Group increased their price target on W W Grainger from $190.00 to $240.00 and gave the stock an “underperform” rating in a report on Thursday, January 25th. Royal Bank of Canada reiterated an “underperform” rating and issued a $206.00 price target on shares of W W Grainger in a report on Thursday, January 25th. Finally, Oppenheimer increased their price target on W W Grainger from $245.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $234.38.
In other W W Grainger news, VP Eric R. Tapia sold 100 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $266.06, for a total transaction of $26,606.00. Following the sale, the vice president now owns 3,563 shares of the company’s stock, valued at approximately $947,971.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Laura D. Brown sold 9,158 shares of the stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $232.86, for a total value of $2,132,531.88. Following the sale, the vice president now directly owns 16,893 shares in the company, valued at approximately $3,933,703.98. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by company insiders.
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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