Metropolitan Life Insurance Co. NY lessened its holdings in W W Grainger Inc (NYSE:GWW) by 62.0% during the 4th quarter, Holdings Channel reports. The firm owned 10,237 shares of the industrial products company’s stock after selling 16,737 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in W W Grainger were worth $2,418,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Aristotle Capital Management LLC increased its position in W W Grainger by 7.9% in the fourth quarter. Aristotle Capital Management LLC now owns 3,272 shares of the industrial products company’s stock worth $773,000 after purchasing an additional 239 shares during the last quarter. NewFocus Financial Group LLC increased its position in W W Grainger by 2.3% in the fourth quarter. NewFocus Financial Group LLC now owns 10,754 shares of the industrial products company’s stock worth $2,541,000 after purchasing an additional 241 shares during the last quarter. Cibc Bank USA increased its position 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 worth $1,438,000 after purchasing an additional 245 shares during the last quarter. Advisory Services Network LLC increased its position in W W Grainger by 107.9% in 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 last quarter. Finally, Reliance Trust Co. of Delaware increased its position in W W Grainger by 8.8% in the fourth quarter. Reliance Trust Co. of Delaware now owns 3,152 shares of the industrial products company’s stock worth $744,000 after purchasing an additional 255 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.
Several equities research analysts recently weighed in on GWW shares. Stephens restated a “hold” rating and issued a $264.00 price target on shares of W W Grainger in a research report on Thursday, January 25th. BMO Capital Markets boosted their price target on shares of W W Grainger from $235.00 to $242.00 and gave the stock a “market perform” rating in a research report on Friday, March 16th. They noted that the move was a valuation call. Zacks Investment Research cut shares of W W Grainger from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 16th. Oppenheimer boosted their price target on shares of W W Grainger from $245.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, TheStreet upgraded shares of W W Grainger from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. W W Grainger currently has an average rating of “Hold” and a consensus target price of $234.92.
In other news, VP Laura D. Brown sold 9,158 shares of the business’s stock in a transaction 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 sale, the vice president now directly 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 can be accessed through the SEC website. Also, Director Lucas E. Watson bought 195 shares of the stock in a transaction dated Monday, February 5th. The shares were bought 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 insiders.
GWW stock opened at $270.05 on Friday. 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 Inc has a 1 year low of $155.00 and a 1 year high of $298.14. The firm has a market cap of $15,719.05, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.09 and a beta of 0.87.
W W Grainger (NYSE:GWW) last posted its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.76. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations 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 revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.45 earnings per share. equities research analysts expect that W W Grainger Inc will post 13.83 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders 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 1.90%. The ex-dividend date was Friday, February 9th. W W Grainger’s dividend payout ratio is currently 51.10%.
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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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