Bancreek Capital Management LP Acquires Shares of 3,498 W.W. Grainger, Inc. (NYSE:GWW)

Bancreek Capital Management LP bought a new stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,498 shares of the industrial products company's stock, valued at approximately $3,687,000. W.W. Grainger makes up about 3.6% of Bancreek Capital Management LP's investment portfolio, making the stock its 16th largest position.

Several other large investors have also recently bought and sold shares of GWW. State Street Corp grew its holdings in shares of W.W. Grainger by 2.3% in 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 buying an additional 45,369 shares during the period. FMR LLC grew its stake in W.W. Grainger by 2.6% in the third quarter. FMR LLC now owns 1,617,149 shares of the industrial products company's stock valued at $1,679,911,000 after acquiring an additional 40,992 shares during the period. Geode Capital Management LLC increased its holdings in shares of W.W. Grainger by 2.5% in the third 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of W.W. Grainger by 8.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 546,960 shares of the industrial products company's stock worth $568,188,000 after purchasing an additional 42,866 shares during the period. Finally, Amundi lifted its holdings in shares of W.W. Grainger by 14.7% during the 4th 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 in the last quarter. Institutional investors own 80.70% of the company's stock.

Remove Ads

Analyst Ratings Changes

GWW has been the subject of a number of research reports. William Blair raised W.W. Grainger from a "market perform" rating to an "outperform" rating in a research note on Monday, March 10th. Royal Bank of Canada lowered their price objective on shares of W.W. Grainger from $1,113.00 to $1,112.00 and set a "sector perform" rating for the company in a research report on Monday, February 3rd. StockNews.com cut shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. lowered their target price on 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $1,151.50.

W.W. Grainger Stock Down 0.3 %

Shares of NYSE:GWW traded down $2.65 during midday trading on Wednesday, reaching $987.55. The company had a trading volume of 158,461 shares, compared to its average volume of 236,260. The business's 50 day moving average price is $1,034.72 and its 200 day moving average price is $1,077.68. W.W. Grainger, Inc. has a 1-year low of $874.98 and a 1-year high of $1,227.66. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62. The stock has a market cap of $47.62 billion, a PE ratio of 25.51, a P/E/G ratio of 2.70 and a beta of 1.18.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted its quarterly 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 last year, the business posted $8.33 EPS. Research analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were given a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Monday, February 10th. W.W. Grainger's dividend payout ratio (DPR) is currently 21.18%.

About W.W. Grainger

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.