Cibc World Markets Corp increased its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 16.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,972 shares of the industrial products company's stock after acquiring an additional 974 shares during the period. Cibc World Markets Corp's holdings in W.W. Grainger were worth $7,349,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in W.W. Grainger in the third quarter valued at approximately $848,000. Trust Co. of Toledo NA OH raised its stake 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 during the last quarter. Clark & Stuart Inc bought a new position in W.W. Grainger during the fourth quarter worth $1,741,000. Empowered Funds LLC raised its stake in W.W. Grainger by 27.0% during the third quarter. Empowered Funds LLC now owns 2,226 shares of the industrial products company's stock worth $2,312,000 after buying an additional 473 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in W.W. Grainger by 72.6% during the third quarter. Toronto Dominion Bank now owns 22,045 shares of the industrial products company's stock worth $22,901,000 after buying an additional 9,270 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.
W.W. Grainger Stock Down 0.2 %
W.W. Grainger stock traded down $2.09 during midday trading on Friday, hitting $971.57. 384,960 shares of the stock were exchanged, compared to its average volume of 236,566. 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 capitalization of $46.85 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. W.W. Grainger, Inc. has a 52-week low of $874.98 and a 52-week high of $1,227.66. The business's 50-day moving average price is $1,038.34 and its 200-day moving average price is $1,075.33.
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 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 quarter in the previous year, the firm earned $8.33 earnings per share. On average, research analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.
W.W. Grainger Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were given a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Monday, February 10th. W.W. Grainger's dividend payout ratio (DPR) is currently 21.18%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on GWW shares. StockNews.com downgraded shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research note on Thursday, December 19th. 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 for the company in a research report on Monday, February 3rd. William Blair raised shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a research report on Monday, March 10th. Finally, Royal Bank of Canada decreased their target price 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $1,151.50.
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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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