Laurel Wealth Advisors Inc. purchased a new stake in shares of W W Grainger Inc (NYSE:GWW) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 893 shares of the industrial products company’s stock, valued at approximately $210,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Westside Investment Management Inc. purchased a new stake in shares of W W Grainger during the third quarter worth about $107,000. Advisory Services Network LLC boosted its holdings in shares of W W Grainger by 107.9% during the fourth quarter. Advisory Services Network LLC now owns 476 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 247 shares during the period. Fieldpoint Private Securities LLC purchased a new stake in shares of W W Grainger during the third quarter worth about $133,000. Tower Research Capital LLC TRC boosted its holdings in shares of W W Grainger by 420.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 781 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 631 shares during the period. Finally, Glenview State Bank Trust DEPT. purchased a new stake in shares of W W Grainger during the fourth quarter worth about $202,000. Institutional investors and hedge funds own 83.66% of the company’s stock.
In other W W Grainger news, VP Laura D. Brown sold 9,158 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $232.86, for a total transaction of $2,132,531.88. Following the completion of the transaction, the vice president now owns 16,893 shares of the company’s stock, valued at $3,933,703.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lucas E. Watson bought 195 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were acquired at an average cost 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 company insiders.
GWW has been the subject of a number of analyst reports. Stephens reiterated a “hold” rating and set a $264.00 target price on shares of W W Grainger in a report on Thursday, January 25th. BMO Capital Markets increased their target price on shares of W W Grainger from $235.00 to $242.00 and gave the stock a “market perform” rating in a report on Friday. They noted that the move was a valuation call. Zacks Investment Research lowered shares of W W Grainger from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 16th. Oppenheimer increased their target price on shares of W W Grainger from $245.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, TheStreet raised shares of W W Grainger from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. 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 company’s stock. The company currently has an average rating of “Hold” and an average price target of $234.92.
W W Grainger Inc (NYSE GWW) opened at $288.75 on Friday. 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 $16,200.32, a PE ratio of 28.82, a P/E/G ratio of 2.16 and a beta of 0.87. 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.76. W W Grainger had a net margin of 5.62% and a return on equity of 35.76%. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the firm earned $2.45 earnings per share. W W Grainger’s revenue was up 6.5% on a year-over-year basis. analysts anticipate that W W Grainger Inc will post 13.81 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Monday, February 12th were paid a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Friday, February 9th. W W Grainger’s dividend payout ratio is 51.10%.
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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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