State Street Corp increased its stake in shares of W W Grainger Inc (NYSE:GWW) by 5.3% during the fourth quarter, Holdings Channel reports. The firm owned 3,247,283 shares of the company’s stock after buying an additional 164,272 shares during the period. State Street Corp owned approximately 0.06% of W W Grainger worth $754,163,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of GWW. Longview Partners Guernsey LTD raised its position in W W Grainger by 1.5% in the third quarter. Longview Partners Guernsey LTD now owns 3,032,124 shares of the company’s stock valued at $681,743,000 after buying an additional 45,052 shares during the period. Wells Fargo & Company MN raised its position in W W Grainger by 2.8% in the third quarter. Wells Fargo & Company MN now owns 1,351,780 shares of the company’s stock valued at $303,934,000 after buying an additional 37,263 shares during the period. BlackRock Fund Advisors raised its position in W W Grainger by 3.0% in the third quarter. BlackRock Fund Advisors now owns 928,279 shares of the company’s stock valued at $208,714,000 after buying an additional 27,349 shares during the period. Mackenzie Financial Corp raised its position in W W Grainger by 12.9% in the third quarter. Mackenzie Financial Corp now owns 857,608 shares of the company’s stock valued at $192,825,000 after buying an additional 97,875 shares during the period. Finally, BlackRock Group LTD raised its position in W W Grainger by 0.7% in the third quarter. BlackRock Group LTD now owns 442,141 shares of the company’s stock valued at $99,411,000 after buying an additional 3,265 shares during the period. 80.18% of the stock is owned by institutional investors.
Shares of W W Grainger Inc (NYSE:GWW) traded down 0.02% during mid-day trading on Monday, reaching $255.01. 303,110 shares of the company’s stock traded hands. W W Grainger Inc has a 52 week low of $201.94 and a 52 week high of $262.71. The company’s 50 day moving average is $243.94 and its 200-day moving average is $228.10. The firm has a market cap of $15.00 billion, a price-to-earnings ratio of 25.83 and a beta of 0.82.
W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Wednesday, January 25th. The company reported $2.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.36 by $0.09. W W Grainger had a net margin of 5.98% and a return on equity of 32.79%. The company earned $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the firm posted $2.49 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. Equities analysts expect that W W Grainger Inc will post $11.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Monday, February 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Thursday, February 9th. W W Grainger’s dividend payout ratio (DPR) is presently 49.64%.
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Several equities analysts have recently issued reports on the company. Barclays PLC set a $213.00 price objective on W W Grainger and gave the stock a “hold” rating in a research report on Monday, November 14th. BMO Capital Markets reiterated a “buy” rating on shares of W W Grainger in a research report on Thursday, January 26th. Deutsche Bank AG upgraded W W Grainger from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $194.00 to $246.00 in a research report on Thursday, January 26th. Credit Suisse Group set a $205.00 price objective on W W Grainger and gave the stock a “hold” rating in a research report on Wednesday, October 19th. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of W W Grainger in a research report on Saturday, January 28th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $238.79.
In related news, VP John L. Howard sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $230.00, for a total transaction of $2,530,000.00. Following the completion of the transaction, the vice president now directly owns 49,406 shares in the company, valued at approximately $11,363,380. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman James T. Ryan sold 65,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $234.17, for a total transaction of $15,221,050.00. Following the transaction, the chairman now owns 163,478 shares of the company’s stock, valued at $38,281,643.26. The disclosure for this sale can be found here. Corporate insiders own 9.60% of the company’s stock.
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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