Allianz SE Buys Shares of 2,935 W.W. Grainger, Inc. (NYSE:GWW)

Allianz SE acquired a new position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,935 shares of the industrial products company's stock, valued at approximately $3,106,000.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in W.W. Grainger by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,330,688 shares of the industrial products company's stock valued at $5,618,812,000 after buying an additional 40,376 shares during the period. State Street Corp boosted its holdings in W.W. Grainger by 2.3% during the 3rd quarter. State Street Corp now owns 1,997,191 shares of the industrial products company's stock valued at $2,074,702,000 after acquiring an additional 45,369 shares during the period. Geode Capital Management LLC grew its position in W.W. Grainger by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,167,031 shares of the industrial products company's stock worth $1,208,610,000 after acquiring an additional 28,626 shares during the last quarter. Norges Bank purchased a new position in W.W. Grainger in the 4th quarter worth approximately $535,910,000. Finally, Amundi lifted its position in W.W. Grainger by 14.7% in the fourth quarter. Amundi now owns 459,536 shares of the industrial products company's stock valued at $491,170,000 after purchasing an additional 58,978 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Analysts Set New Price Targets

GWW has been the topic of several analyst reports. William Blair raised shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a research note on Monday, March 10th. StockNews.com cut shares of W.W. Grainger from a "buy" rating to a "hold" rating in a report on Thursday, December 19th. JPMorgan Chase & Co. lowered their price objective on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Finally, Royal Bank of Canada dropped their target price 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, W.W. Grainger currently has a consensus rating of "Hold" and an average target price of $1,151.50.

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W.W. Grainger Stock Up 0.5 %

GWW stock traded up $5.38 during trading on Tuesday, reaching $993.21. 226,578 shares of the company traded hands, compared to its average volume of 247,116. The business has a 50 day simple moving average of $1,024.86 and a 200 day simple moving average of $1,077.69. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66. The company has a market capitalization of $47.89 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth 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 (NYSE:GWW - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The industrial products company reported $9.71 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.04). W.W. Grainger had a return on equity of 52.43% and a net margin of 11.12%. During the same period in the previous year, the firm earned $8.33 EPS. On average, equities research analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share 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. Stockholders of record on Monday, February 10th were paid a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Monday, February 10th. W.W. Grainger's payout ratio is presently 21.18%.

W.W. Grainger Company Profile

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.