Clearbridge Investments LLC boosted its position in shares of W W Grainger Inc (NYSE:GWW) by 7.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,724,480 shares of the industrial products company’s stock after acquiring an additional 121,831 shares during the quarter. Clearbridge Investments LLC owned about 3.06% of W W Grainger worth $407,408,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of GWW. Ameriprise Financial Inc. lifted its position in W W Grainger by 224.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,225,728 shares of the industrial products company’s stock worth $220,325,000 after acquiring an additional 848,192 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of W W Grainger by 81.0% in the 3rd 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 buying an additional 327,085 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of W W Grainger by 13.0% in the 3rd quarter. Mackenzie Financial Corp now owns 2,103,608 shares of the industrial products company’s stock valued at $378,124,000 after buying an additional 242,827 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of W W Grainger by 447.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 201,494 shares of the industrial products company’s stock valued at $36,283,000 after buying an additional 164,656 shares during the period. Finally, Longview Partners Guernsey LTD lifted its holdings in shares of W W Grainger by 3.1% in the 4th quarter. Longview Partners Guernsey LTD now owns 5,157,790 shares of the industrial products company’s stock valued at $1,218,528,000 after buying an additional 156,313 shares during the period. 83.66% of the stock is owned by institutional investors.
In other W W Grainger news, VP Laura D. Brown sold 9,158 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $232.86, for a total transaction of $2,132,531.88. Following the completion of the sale, the vice president now directly owns 16,893 shares in the company, valued at approximately $3,933,703.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lucas E. Watson acquired 195 shares of the business’s stock in a transaction on Monday, February 5th. The shares were purchased at an average price of $256.51 per share, with a total value of $50,019.45. The disclosure for this purchase can be found here. 9.60% of the stock is currently owned by insiders.
W W Grainger Inc (GWW) traded up $7.47 during midday trading on Friday, reaching $288.75. The company had a trading volume of 1,297,347 shares, compared to its average volume of 692,339. The firm has a market cap of $15,781.33, a PE ratio of 28.82, a price-to-earnings-growth ratio of 2.10 and a beta of 0.87. W W Grainger Inc has a 12 month low of $155.00 and a 12 month high of $298.14. 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 (NYSE:GWW) last released its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.76. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.45 EPS. equities analysts anticipate that W W Grainger Inc will post 13.81 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Monday, February 12th were issued a $1.28 dividend. The ex-dividend date was Friday, February 9th. This represents a $5.12 dividend on an annualized basis and a yield of 1.77%. W W Grainger’s payout ratio is 51.10%.
Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted their price objective on W W Grainger from $235.00 to $242.00 and gave the company a “market perform” rating in a report on Friday. They noted that the move was a valuation call. Credit Suisse Group boosted their price objective on W W Grainger from $190.00 to $240.00 and gave the company an “underperform” rating in a report on Thursday, January 25th. Robert W. Baird raised W W Grainger from a “neutral” rating to a “buy” rating in a report on Thursday, January 25th. Wells Fargo boosted their price objective on W W Grainger from $220.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $278.00 price objective on shares of W W Grainger in a report on Friday, January 26th. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. W W Grainger currently has a consensus rating of “Hold” and a consensus target price of $234.92.
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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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