Advisor Group Inc. reduced its stake in shares of W W Grainger Inc (NYSE:GWW) by 7.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,535 shares of the industrial products company’s stock after selling 639 shares during the quarter. Advisor Group Inc.’s holdings in W W Grainger were worth $1,781,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Longview Partners Guernsey LTD grew its position in shares of W W Grainger by 3.1% during the 4th quarter. Longview Partners Guernsey LTD now owns 5,157,790 shares of the industrial products company’s stock worth $1,218,528,000 after buying an additional 156,313 shares during the period. BlackRock Inc. grew its position in shares of W W Grainger by 0.4% during the 4th quarter. BlackRock Inc. now owns 3,516,122 shares of the industrial products company’s stock worth $830,686,000 after buying an additional 12,416 shares during the period. Mackenzie Financial Corp grew its position in shares of W W Grainger by 13.0% during the 3rd quarter. Mackenzie Financial Corp now owns 2,103,608 shares of the industrial products company’s stock worth $378,124,000 after buying an additional 242,827 shares during the period. Ameriprise Financial Inc. grew its position in shares of 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 buying an additional 848,192 shares during the period. Finally, Neuberger Berman Group LLC grew its position in shares of W W Grainger by 6.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 904,416 shares of the industrial products company’s stock worth $162,569,000 after buying an additional 51,995 shares during the period. Institutional investors own 83.66% of the company’s stock.
In other news, Director Lucas E. Watson purchased 195 shares of W W Grainger stock in a transaction on Monday, February 5th. The stock was purchased at an average price of $256.51 per share, with a total value of $50,019.45. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Eric R. Tapia sold 100 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $266.06, for a total value of $26,606.00. Following the transaction, the vice president now directly owns 3,563 shares of the company’s stock, valued at approximately $947,971.78. The disclosure for this sale can be found here. Corporate insiders own 9.60% of the company’s stock.
W W Grainger stock opened at $288.75 on Monday. W W Grainger Inc has a 12-month low of $155.00 and a 12-month high of $298.14. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.13 and a quick ratio of 1.18. The stock has a market capitalization of $16,200.32, a P/E ratio of 28.82, a P/E/G ratio of 2.16 and a beta of 0.87.
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. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm posted $2.45 EPS. The business’s revenue was up 6.5% on a year-over-year basis. research analysts anticipate that W W Grainger Inc will post 13.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Monday, February 12th were given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Friday, February 9th. W W Grainger’s dividend payout ratio (DPR) is currently 51.10%.
Several equities analysts have recently issued reports on GWW shares. Zacks Investment Research lowered W W Grainger from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 16th. Royal Bank of Canada reiterated a “sell” rating and issued a $192.00 price objective on shares of W W Grainger in a research report on Thursday, January 4th. TheStreet upgraded W W Grainger from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. UBS initiated coverage on W W Grainger in a research report on Tuesday, January 23rd. They issued a “sell” rating and a $215.00 price objective for the company. Finally, BMO Capital Markets boosted their price objective on W W Grainger from $224.00 to $235.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. W W Grainger presently has a consensus rating of “Hold” and a consensus target price of $234.92.
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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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