Generali Asset Management SPA SGR bought a new position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,287 shares of the industrial products company's stock, valued at approximately $6,627,000.
Several other large investors have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new position in shares of W.W. Grainger during the 3rd quarter worth about $848,000. Trust Co. of Toledo NA OH grew its position in W.W. Grainger by 313.3% during the fourth quarter. Trust Co. of Toledo NA OH now owns 1,521 shares of the industrial products company's stock worth $1,603,000 after buying an additional 1,153 shares in the last quarter. Clark & Stuart Inc bought a new position in W.W. Grainger during the fourth quarter valued at about $1,741,000. Empowered Funds LLC raised its holdings in W.W. Grainger by 27.0% in the 3rd quarter. Empowered Funds LLC now owns 2,226 shares of the industrial products company's stock valued at $2,312,000 after acquiring an additional 473 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of W.W. Grainger by 72.6% in the 3rd quarter. Toronto Dominion Bank now owns 22,045 shares of the industrial products company's stock worth $22,901,000 after acquiring an additional 9,270 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
GWW has been the topic of a number of research reports. William Blair upgraded W.W. Grainger from a "market perform" rating to an "outperform" rating in a research report on Monday, March 10th. Royal Bank of Canada lowered their price target on shares of W.W. Grainger from $1,113.00 to $1,112.00 and set a "sector perform" rating on the stock in a report on Monday, February 3rd. StockNews.com cut shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. decreased their target price on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, W.W. Grainger presently has a consensus rating of "Hold" and an average target price of $1,151.50.
Read Our Latest Stock Analysis on GWW
W.W. Grainger Price Performance
Shares of NYSE GWW traded down $2.09 during mid-day trading on Friday, hitting $971.57. 384,960 shares of the stock were exchanged, compared to its average volume of 236,991. The company has a market cap of $46.85 billion, a P/E ratio of 25.10, a PEG ratio of 2.70 and a beta of 1.18. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49. W.W. Grainger, Inc. has a twelve month low of $874.98 and a twelve month high of $1,227.66. The stock's fifty day simple moving average is $1,038.34 and its two-hundred day simple moving average is $1,076.14.
W.W. Grainger (NYSE:GWW - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.75 by ($0.04). W.W. Grainger had a net margin of 11.12% and a return on equity of 52.43%. During the same period in the prior year, the company posted $8.33 earnings per share. As a group, analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.
W.W. Grainger Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were issued a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Monday, February 10th. W.W. Grainger's dividend payout ratio is currently 21.18%.
About W.W. Grainger
(
Free Report)
W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.
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