Eaton Vance Management decreased its position in shares of W. W. Grainger (NYSE:GWW) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,029 shares of the industrial products company’s stock after selling 505 shares during the period. Eaton Vance Management’s holdings in W. W. Grainger were worth $2,549,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Advisory Services Network LLC grew 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 buying an additional 247 shares during the last quarter. Tower Research Capital LLC TRC grew its position in W. W. Grainger by 420.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 781 shares of the industrial products company’s stock worth $185,000 after buying an additional 631 shares during the last quarter. Glenview State Bank Trust DEPT. acquired a new position in W. W. Grainger in the fourth quarter worth approximately $202,000. Cidel Asset Management Inc. acquired a new position in W. W. Grainger in the fourth quarter worth approximately $202,000. Finally, Welch & Forbes LLC acquired a new position in W. W. Grainger in the fourth quarter worth approximately $203,000. 78.15% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on GWW shares. Robert W. Baird upgraded shares of W. W. Grainger from a “neutral” rating to a “buy” rating in a research report on Thursday, January 25th. Zacks Investment Research upgraded shares of W. W. Grainger from a “hold” rating to a “buy” rating and set a $319.00 price target on the stock in a research report on Tuesday, January 30th. ValuEngine upgraded shares of W. W. Grainger from a “hold” rating to a “buy” rating in a research report on Saturday, April 21st. Stifel Nicolaus restated a “hold” rating and issued a $278.00 price target on shares of W. W. Grainger in a research report on Friday, January 26th. Finally, 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. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $250.54.
In other W. W. Grainger news, VP Eric R. Tapia sold 216 shares of W. W. Grainger stock in a transaction on Thursday, May 3rd. The shares were sold at an average price of $278.73, for a total transaction of $60,205.68. Following the completion of the sale, the vice president now owns 3,870 shares of the company’s stock, valued at approximately $1,078,685.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Ronald L. Jadin sold 29,000 shares of W. W. Grainger stock in a transaction on Tuesday, April 24th. The shares were sold at an average price of $286.93, for a total transaction of $8,320,970.00. Following the sale, the vice president now directly owns 49,459 shares of the company’s stock, valued at approximately $14,191,270.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,716 shares of company stock worth $14,133,676. Corporate insiders own 10.10% of the company’s stock.
NYSE GWW opened at $313.90 on Tuesday. W. W. Grainger has a twelve month low of $155.00 and a twelve month high of $317.51. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.24 and a current ratio of 2.20. The company has a market cap of $17.23 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 1.71 and a beta of 0.79.
W. W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, April 19th. The industrial products company reported $4.18 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.74. W. W. Grainger had a net margin of 6.03% and a return on equity of 39.23%. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the previous year, the company posted $2.88 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. equities analysts expect that W. W. Grainger will post 14.86 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 14th will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 1.73%. This is a boost from W. W. Grainger’s previous quarterly dividend of $1.28. The ex-dividend date is Friday, May 11th. W. W. Grainger’s payout ratio is presently 47.47%.
W. W. Grainger Company Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.
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