Stephens Inc. AR decreased its holdings in W W Grainger Inc (NYSE:GWW) by 19.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,108 shares of the industrial products company’s stock after selling 770 shares during the period. Stephens Inc. AR’s holdings in W W Grainger were worth $734,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Tredje AP fonden increased its position in shares of W W Grainger by 32.2% during the third quarter. Tredje AP fonden now owns 3,450 shares of the industrial products company’s stock worth $620,000 after acquiring an additional 840 shares during the period. Ronna Sue Cohen acquired a new stake in shares of W W Grainger during the third quarter worth $3,651,000. MU Investments Co. Ltd. lifted its stake in shares of W W Grainger by 29.2% during the fourth quarter. MU Investments Co. Ltd. now owns 24,800 shares of the industrial products company’s stock worth $5,901,000 after buying an additional 5,600 shares during the period. Koch Industries Inc. lifted its stake in shares of W W Grainger by 27,293.0% during the second quarter. Koch Industries Inc. now owns 471,433 shares of the industrial products company’s stock worth $469,000 after buying an additional 469,712 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of W W Grainger by 4.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,728 shares of the industrial products company’s stock worth $3,007,000 after buying an additional 550 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.
In other news, VP John L. Howard sold 21,000 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which is available through this link. Also, Director Lucas E. Watson bought 195 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $256.51 per share, for a total transaction of $50,019.45. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 30,258 shares of company stock worth $6,790,898. Company insiders own 9.60% of the company’s stock.
GWW has been the subject of several 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 stock an “underperform” rating in a research note on Tuesday, November 7th. 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. KeyCorp restated a “hold” rating on shares of W W Grainger in a research report on Monday, November 13th. TheStreet upgraded shares of W W Grainger from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Finally, Credit Suisse Group restated an “underperform” rating and set a $190.00 target price (up from $172.00) on shares of W W Grainger in a research report on Tuesday, January 9th. They noted that the move was a valuation call. Six investment 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. W W Grainger has an average rating of “Hold” and an average price target of $234.38.
Shares of W W Grainger Inc (NYSE:GWW) traded up $0.34 during midday trading on Tuesday, reaching $267.02. 220,869 shares of the company traded hands, compared to its average volume of 1,231,886. W W Grainger Inc has a one year low of $155.00 and a one year high of $298.14. The stock has a market cap of $15,021.78, a PE ratio of 23.27, a PEG ratio of 1.99 and a beta of 0.88. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.18 and a current ratio of 2.13.
W W Grainger (NYSE:GWW) last posted its earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.76. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.57 billion. W W Grainger had a net margin of 5.62% and a return on equity of 35.76%. W W Grainger’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.45 EPS. research analysts anticipate that W W Grainger Inc will post 13.81 earnings per share 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 issued a $1.28 dividend. The ex-dividend date is Friday, February 9th. This represents a $5.12 annualized dividend and a dividend yield of 1.92%. W W Grainger’s dividend payout ratio is currently 51.10%.
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About W W Grainger
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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