CenterBook Partners LP purchased a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,585 shares of the industrial products company's stock, valued at approximately $1,671,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cyrus J. Lawrence LLC bought a new stake in W.W. Grainger during the 4th quarter worth approximately $31,000. Iron Horse Wealth Management LLC grew its position in shares of W.W. Grainger by 43.5% in the 4th quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 10 shares during the period. AlphaMark Advisors LLC bought a new position in shares of W.W. Grainger during the 4th quarter worth approximately $37,000. OFI Invest Asset Management acquired a new position in shares of W.W. Grainger in the fourth quarter valued at $42,000. Finally, Atala Financial Inc acquired a new stake in W.W. Grainger during the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 80.70% of the company's stock.
W.W. Grainger Price Performance
GWW stock traded down $9.48 during mid-day trading on Wednesday, reaching $990.25. The company's stock had a trading volume of 82,646 shares, compared to its average volume of 291,852. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. The company's 50 day moving average is $991.45 and its two-hundred day moving average is $1,071.58. W.W. Grainger, Inc. has a fifty-two week low of $874.98 and a fifty-two week high of $1,227.66. The stock has a market cap of $47.75 billion, a PE ratio of 25.58, a P/E/G ratio of 2.70 and a beta of 1.20.
W.W. Grainger (NYSE:GWW - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 EPS for the quarter, missing analysts' consensus estimates 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 last year, the firm earned $8.33 earnings per share. Equities research analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.
W.W. Grainger Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were given a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Monday, February 10th. W.W. Grainger's dividend payout ratio is presently 21.18%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on GWW. William Blair upgraded shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a research report on Monday, March 10th. Wolfe Research downgraded W.W. Grainger from a "peer perform" rating to an "underperform" rating and set a $966.00 price objective on the stock. in a research note on Thursday, April 3rd. JPMorgan Chase & Co. cut their price target on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. StockNews.com lowered shares of W.W. Grainger from a "buy" rating to a "hold" rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada decreased their price objective 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. Two analysts have rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $1,130.89.
Read Our Latest Stock Analysis on W.W. Grainger
Insider Buying and Selling at W.W. Grainger
In other news, CFO Deidra C. Merriwether sold 1,164 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $997.12, for a total value of $1,160,647.68. Following the transaction, the chief financial officer now owns 10,235 shares of the company's stock, valued at approximately $10,205,523.20. The trade was a 10.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.10% of the stock is owned by insiders.
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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