Erste Asset Management GmbH trimmed its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,870 shares of the industrial products company's stock after selling 1,494 shares during the period. Erste Asset Management GmbH's holdings in W.W. Grainger were worth $15,863,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in W.W. Grainger during the third quarter valued at approximately $848,000. Trust Co. of Toledo NA OH raised its stake in shares of 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 valued at $1,603,000 after purchasing an additional 1,153 shares during the period. Clark & Stuart Inc purchased a new stake in shares of W.W. Grainger during the fourth quarter valued at approximately $1,741,000. Empowered Funds LLC raised its stake in shares of 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 valued at $2,312,000 after purchasing an additional 473 shares during the period. Finally, Toronto Dominion Bank raised its stake in shares of 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 valued at $22,901,000 after purchasing an additional 9,270 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.
W.W. Grainger Stock Performance
GWW stock traded down $3.29 during trading on Tuesday, hitting $974.12. 205,821 shares of the company's stock traded hands, compared to its average volume of 235,359. 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, Inc. has a 52 week low of $874.98 and a 52 week high of $1,227.66. The stock has a fifty day moving average price of $1,045.32 and a two-hundred day moving average price of $1,076.86. The stock has a market capitalization of $46.97 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18.
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 net margin of 11.12% and a return on equity of 52.43%. During the same quarter in the prior year, the business posted $8.33 EPS. As a group, equities analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal 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. The ex-dividend date was Monday, February 10th. This represents a $8.20 annualized dividend and a yield of 0.84%. W.W. Grainger's payout ratio is 21.18%.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of W.W. Grainger from $1,113.00 to $1,112.00 and set a "sector perform" rating on the stock in a research note on Monday, February 3rd. Morgan Stanley lifted their price objective on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 19th. William Blair upgraded shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a research note on Monday, March 10th. StockNews.com lowered shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. dropped their price target 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 note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, W.W. Grainger presently has a consensus rating of "Hold" and a consensus target price of $1,151.50.
Read Our Latest Stock Report on W.W. Grainger
W.W. Grainger Profile
(
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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