Connor Clark & Lunn Investment Management Ltd. Buys 11,577 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 409.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,405 shares of the industrial products company's stock after acquiring an additional 11,577 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in W.W. Grainger were worth $15,184,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GWW. State Street Corp raised 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 purchasing an additional 45,369 shares during the period. FMR LLC raised 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 buying an additional 40,992 shares during the period. Geode Capital Management LLC lifted its position 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 valued at $1,208,610,000 after buying an additional 28,626 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of W.W. Grainger by 8.5% during the 3rd 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 acquiring an additional 42,866 shares during the period. Finally, Amundi increased 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 worth $491,170,000 after acquiring an additional 58,978 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

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W.W. Grainger Price Performance

Shares of NYSE GWW traded up $9.29 during trading hours on Monday, hitting $977.11. 212,246 shares of the stock were exchanged, compared to its average volume of 235,492. 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 market cap of $47.11 billion, a PE ratio of 25.24, 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. The company's fifty day simple moving average is $1,046.85 and its two-hundred day simple moving average is $1,076.80.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued 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 period last year, the company posted $8.33 earnings per share. On average, sell-side analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were paid a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Monday, February 10th. W.W. Grainger's payout ratio is 21.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. William Blair raised W.W. Grainger from a "market perform" rating to an "outperform" rating in a report on Monday, March 10th. Royal Bank of Canada reduced 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 report on Monday, February 3rd. 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. reduced their price objective 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. Finally, Morgan Stanley increased their target price on W.W. Grainger from $990.00 to $1,215.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $1,151.50.

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.