Allspring Global Investments Holdings LLC increased its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 24.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,718 shares of the industrial products company's stock after purchasing an additional 927 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in W.W. Grainger were worth $4,915,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Avestar Capital LLC raised its holdings in W.W. Grainger by 2.0% in the third quarter. Avestar Capital LLC now owns 467 shares of the industrial products company's stock valued at $485,000 after acquiring an additional 9 shares in the last quarter. Busey Bank increased its stake in shares of W.W. Grainger by 1.5% during the 4th quarter. Busey Bank now owns 615 shares of the industrial products company's stock valued at $648,000 after acquiring an additional 9 shares during the last quarter. Angeles Wealth Management LLC grew its holdings in shares of W.W. Grainger by 2.1% during the 4th quarter. Angeles Wealth Management LLC now owns 438 shares of the industrial products company's stock worth $462,000 after purchasing an additional 9 shares during the period. Iron Horse Wealth Management LLC grew its holdings in shares of W.W. Grainger by 43.5% during the 4th quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company's stock worth $35,000 after purchasing an additional 10 shares during the period. Finally, Virtue Capital Management LLC boosted its holdings in W.W. Grainger by 5.2% in the 3rd quarter. Virtue Capital Management LLC now owns 223 shares of the industrial products company's stock worth $232,000 after acquiring an additional 11 shares during the period. 80.70% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
GWW has been the topic of a number of research analyst reports. StockNews.com lowered W.W. Grainger from a "buy" rating to a "hold" rating in a report on Thursday, December 19th. JPMorgan Chase & Co. cut their price target on W.W. Grainger from $1,125.00 to $1,100.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada lowered their target price on 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. Morgan Stanley lifted their price objective on W.W. Grainger from $990.00 to $1,215.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 19th. Finally, Northcoast Research initiated coverage on W.W. Grainger in a research report on Tuesday, October 29th. They issued a "neutral" rating for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $1,148.56.
Read Our Latest Stock Report on W.W. Grainger
W.W. Grainger Trading Down 1.6 %
GWW traded down $16.56 during trading on Friday, reaching $1,007.74. The company had a trading volume of 127,221 shares, compared to its average volume of 291,985. The stock has a market cap of $49.08 billion, a P/E ratio of 26.00, a PEG ratio of 2.69 and a beta of 1.17. W.W. Grainger, Inc. has a 52 week low of $874.98 and a 52 week high of $1,227.66. The business has a 50 day simple moving average of $1,075.53 and a 200-day simple moving average of $1,072.00. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62.
W.W. Grainger (NYSE:GWW - Get Free Report) last released its earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share 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 prior year, the company earned $8.33 EPS. On average, equities analysts anticipate 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 will be paid on Saturday, March 1st. Shareholders of record on Monday, February 10th will be given a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Monday, February 10th. W.W. Grainger's dividend payout ratio is presently 21.18%.
W.W. Grainger Company Profile
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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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