Harrington Investments INC lowered its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 13.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,692 shares of the industrial products company's stock after selling 265 shares during the period. Harrington Investments INC's holdings in W.W. Grainger were worth $1,783,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in W.W. Grainger in the 4th quarter worth $267,529,000. Proficio Capital Partners LLC bought a new stake in W.W. Grainger in the 4th quarter worth $175,000. AustralianSuper Pty Ltd grew its holdings in W.W. Grainger by 694.1% in the 4th quarter. AustralianSuper Pty Ltd now owns 76,674 shares of the industrial products company's stock worth $80,818,000 after acquiring an additional 67,018 shares during the last quarter. Amundi grew its holdings in W.W. Grainger by 14.7% in 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. Finally, Champlain Investment Partners LLC bought a new stake in W.W. Grainger in the 3rd quarter worth $55,815,000. Institutional investors own 80.70% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. William Blair raised shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a report on Monday, March 10th. StockNews.com cut shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research report on Thursday, December 19th. Morgan Stanley raised their target price on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 19th. Royal Bank of Canada dropped 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. Finally, JPMorgan Chase & Co. dropped 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. One investment 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $1,151.50.
View Our Latest Stock Analysis on W.W. Grainger
W.W. Grainger Stock Up 0.9 %
NYSE:GWW traded up $8.95 during mid-day trading on Wednesday, hitting $983.72. 251,613 shares of the company's stock were exchanged, compared to its average volume of 235,602. W.W. Grainger, Inc. has a one year low of $874.98 and a one year high of $1,227.66. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.49 and a quick ratio of 1.49. The business has a fifty day moving average price of $1,043.54 and a 200 day moving average price of $1,076.79. The company has a market cap of $47.43 billion, a PE ratio of 25.41, 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 data on Friday, January 31st. The industrial products company reported $9.71 EPS 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 quarter in the prior year, the business posted $8.33 EPS. Equities analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.
W.W. Grainger Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were paid a $2.05 dividend. The ex-dividend date was Monday, February 10th. This represents a $8.20 annualized dividend and a dividend yield of 0.83%. W.W. Grainger's dividend payout ratio is presently 21.18%.
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.
Recommended Stories
Before you consider W.W. Grainger, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and W.W. Grainger wasn't on the list.
While W.W. Grainger currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
