Swiss National Bank raised its stake in shares of W W Grainger Inc (NYSE:GWW) by 21.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 177,538 shares of the industrial products company’s stock after acquiring an additional 31,200 shares during the period. Swiss National Bank owned approximately 0.33% of W W Grainger worth $44,118,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of GWW. Amundi Pioneer Asset Management Inc. lifted its stake in W W Grainger by 0.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 56,676 shares of the industrial products company’s stock valued at $17,056,000 after acquiring an additional 164 shares during the period. Janney Montgomery Scott LLC lifted its stake in W W Grainger by 4.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,735 shares of the industrial products company’s stock valued at $5,665,000 after acquiring an additional 734 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in W W Grainger by 102.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,779 shares of the industrial products company’s stock valued at $8,050,000 after acquiring an additional 12,055 shares during the period. Wealthfront Advisers LLC increased its position in shares of W W Grainger by 15.8% during the 4th quarter. Wealthfront Advisers LLC now owns 1,040 shares of the industrial products company’s stock valued at $352,000 after purchasing an additional 142 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in shares of W W Grainger by 28.6% during the 4th quarter. CENTRAL TRUST Co now owns 225 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 73.40% of the company’s stock.
W W Grainger stock opened at $295.44 on Friday. The firm has a 50 day moving average of $273.22 and a 200 day moving average of $299.81. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 21.12, a P/E/G ratio of 2.08 and a beta of 0.96. W W Grainger Inc has a 12-month low of $200.61 and a 12-month high of $346.60. The company has a current ratio of 3.28, a quick ratio of 2.20 and a debt-to-equity ratio of 1.63.
W W Grainger (NYSE:GWW) last released its earnings results on Thursday, April 23rd. The industrial products company reported $4.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.42 by ($0.18). W W Grainger had a return on equity of 45.00% and a net margin of 6.56%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the company posted $4.51 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that W W Grainger Inc will post 14.92 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be issued a dividend of $1.44 per share. This represents a $5.76 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Friday, May 8th. W W Grainger’s dividend payout ratio (DPR) is currently 33.31%.
Several equities research analysts have recently commented on the stock. Robert W. Baird raised shares of W W Grainger from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $340.00 to $300.00 in a research report on Friday, March 27th. Stephens reduced their price target on shares of W W Grainger from $322.00 to $300.00 in a research report on Sunday, April 19th. Royal Bank of Canada reduced their price target on shares of W W Grainger from $194.00 to $191.00 and set an “underperform” rating for the company in a research report on Friday, April 24th. G.Research raised shares of W W Grainger from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Finally, Gordon Haskett lowered shares of W W Grainger from a “hold” rating to an “underperform” rating and reduced their price target for the company from $313.00 to $278.00 in a research report on Tuesday, April 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $286.80.
W W Grainger Company Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.
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