Keybank National Association OH reduced its stake in shares of W W Grainger Inc (NYSE:GWW) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,652 shares of the industrial products company’s stock after selling 2,290 shares during the quarter. Keybank National Association OH’s holdings in W W Grainger were worth $5,115,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Thrivent Financial For Lutherans raised its stake in W W Grainger by 1.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 2,050 shares of the industrial products company’s stock worth $370,000 after acquiring an additional 30 shares in the last quarter. Sentry Investment Management LLC raised its stake in W W Grainger by 3.3% during the 2nd quarter. Sentry Investment Management LLC now owns 3,280 shares of the industrial products company’s stock worth $592,000 after acquiring an additional 104 shares in the last quarter. NewFocus Financial Group LLC raised its stake in W W Grainger by 2.3% during the 4th quarter. NewFocus Financial Group LLC now owns 10,754 shares of the industrial products company’s stock worth $2,541,000 after acquiring an additional 241 shares in the last quarter. Cibc Bank USA increased its stake in W W Grainger by 4.2% in the fourth quarter. Cibc Bank USA now owns 6,085 shares of the industrial products company’s stock valued at $1,438,000 after purchasing an additional 245 shares during the period. Finally, Carroll Financial Associates Inc. increased its stake in W W Grainger by 19.1% in the fourth quarter. Carroll Financial Associates Inc. now owns 1,682 shares of the industrial products company’s stock valued at $397,000 after purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 85.84% of the company’s stock.
GWW has been the topic of a number of recent research reports. Royal Bank of Canada lifted their price objective on shares of W W Grainger from $146.00 to $148.00 and gave the company an “underperform” rating in a research note on Tuesday, November 7th. Oppenheimer restated a “buy” rating and issued a $245.00 price objective on shares of W W Grainger in a research note on Monday, November 13th. KeyCorp restated a “hold” rating on shares of W W Grainger in a research note on Monday, November 13th. TheStreet upgraded shares of W W Grainger from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. Finally, Credit Suisse Group restated an “underperform” rating and issued a $190.00 price objective (up from $172.00) on shares of W W Grainger in a research note on Tuesday, January 9th. They noted that the move was a valuation call. 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 stock. The company presently has an average rating of “Hold” and a consensus target price of $234.38.
Shares of W W Grainger Inc (NYSE GWW) opened at $266.68 on Friday. The firm has a market cap of $15,184.01, a PE ratio of 26.61, a PEG ratio of 2.01 and a beta of 0.88. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 1.23. W W Grainger Inc has a fifty-two week low of $155.00 and a fifty-two week high of $298.14.
W W Grainger (NYSE:GWW) last issued its earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.76. The business had revenue of $2.63 billion for 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 business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.45 earnings per share. sell-side analysts expect that W W Grainger Inc will post 13.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be issued a $1.28 dividend. 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 payout ratio is 51.10%.
In other news, VP John L. Howard sold 21,000 shares of W W Grainger stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $220.56, for a total value of $4,631,760.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Eric R. Tapia sold 100 shares of W W Grainger stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $266.06, for a total transaction of $26,606.00. Following the completion of the sale, the vice president now directly owns 3,563 shares in the company, valued at approximately $947,971.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,258 shares of company stock worth $6,790,898. Insiders own 9.60% of the company’s stock.
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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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