California State Teachers Retirement System reduced its position in shares of W W Grainger Inc (NYSE:GWW) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,158 shares of the industrial products company’s stock after selling 3,714 shares during the period. California State Teachers Retirement System owned 0.15% of W W Grainger worth $24,038,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC increased its position in W W Grainger by 1.1% during the first quarter. LPL Financial LLC now owns 16,240 shares of the industrial products company’s stock worth $4,584,000 after purchasing an additional 171 shares during the last quarter. Hancock Holding Co. acquired a new stake in W W Grainger during the first quarter worth about $1,929,000. United Capital Financial Advisers LLC increased its position in W W Grainger by 61.8% during the first quarter. United Capital Financial Advisers LLC now owns 56,363 shares of the industrial products company’s stock worth $15,910,000 after purchasing an additional 21,526 shares during the last quarter. Interval Partners LP increased its position in W W Grainger by 1,100.0% during the first quarter. Interval Partners LP now owns 120,000 shares of the industrial products company’s stock worth $33,872,000 after purchasing an additional 132,000 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new stake in W W Grainger during the first quarter worth about $1,862,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.
Shares of W W Grainger opened at $312.11 on Wednesday, Marketbeat reports. The company has a quick ratio of 1.24, a current ratio of 2.20 and a debt-to-equity ratio of 1.17. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 1.77 and a beta of 0.81. W W Grainger Inc has a 1-year low of $155.00 and a 1-year high of $322.34.
W W Grainger (NYSE:GWW) last announced its earnings results on Thursday, April 19th. The industrial products company reported $4.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.44 by $0.74. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.72 billion. W W Grainger had a net margin of 6.03% and a return on equity of 39.23%. W W Grainger’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.88 earnings per share. equities research analysts anticipate that W W Grainger Inc will post 14.96 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Monday, May 14th were paid a $1.36 dividend. This is a positive change from W W Grainger’s previous quarterly dividend of $1.28. The ex-dividend date was Friday, May 11th. This represents a $5.44 annualized dividend and a dividend yield of 1.74%. W W Grainger’s dividend payout ratio (DPR) is presently 47.47%.
In other news, VP Ronald L. Jadin sold 29,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 24th. The shares were sold at an average price of $286.93, for a total value of $8,320,970.00. Following the completion of the transaction, the vice president now owns 49,459 shares of the company’s stock, valued at $14,191,270.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP John L. Howard sold 19,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $295.00, for a total transaction of $5,752,500.00. Following the completion of the transaction, the vice president now directly owns 57,906 shares of the company’s stock, valued at approximately $17,082,270. The disclosure for this sale can be found here. In the last three months, insiders sold 50,981 shares of company stock valued at $14,848,442. Insiders own 10.10% of the company’s stock.
GWW has been the subject of several recent analyst reports. BMO Capital Markets raised their price objective on shares of W W Grainger from $235.00 to $242.00 and gave the stock a “market perform” rating in a research report on Friday, March 16th. They noted that the move was a valuation call. Goldman Sachs Group restated a “neutral” rating on shares of W W Grainger in a research report on Monday, March 19th. Zacks Investment Research cut shares of W W Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Deutsche Bank set a $275.00 price objective on shares of W W Grainger and gave the stock a “hold” rating in a research report on Friday, April 6th. Finally, Stephens set a $282.00 price objective on shares of W W Grainger and gave the stock a “hold” rating in a research report on Friday, April 13th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $261.55.
W W Grainger Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.
Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W W Grainger Inc (NYSE:GWW).
Receive News & Ratings for W W Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W W Grainger and related companies with MarketBeat.com's FREE daily email newsletter.