Intech Investment Management LLC trimmed its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 64.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,558 shares of the industrial products company's stock after selling 6,484 shares during the period. Intech Investment Management LLC's holdings in W.W. Grainger were worth $3,750,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB increased its stake in shares of W.W. Grainger by 23.5% in the third quarter. Swedbank AB now owns 193,888 shares of the industrial products company's stock worth $201,413,000 after purchasing an additional 36,892 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in W.W. Grainger by 11.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 793 shares of the industrial products company's stock valued at $824,000 after buying an additional 81 shares in the last quarter. Empowered Funds LLC grew its stake in W.W. Grainger by 27.0% in the 3rd quarter. Empowered Funds LLC now owns 2,226 shares of the industrial products company's stock valued at $2,312,000 after buying an additional 473 shares in the last quarter. Natixis Advisors LLC raised its holdings in W.W. Grainger by 7.7% during the 3rd quarter. Natixis Advisors LLC now owns 14,607 shares of the industrial products company's stock valued at $15,174,000 after acquiring an additional 1,041 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in shares of W.W. Grainger by 4.4% during the third quarter. Thrivent Financial for Lutherans now owns 2,233 shares of the industrial products company's stock worth $2,320,000 after acquiring an additional 94 shares in the last quarter. 80.70% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have commented on GWW shares. StockNews.com downgraded W.W. Grainger from a "buy" rating to a "hold" rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. reduced their price objective 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. William Blair raised shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a report on Monday, March 10th. Finally, Royal Bank of Canada cut their price target 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, W.W. Grainger presently has a consensus rating of "Hold" and a consensus price target of $1,151.50.
Check Out Our Latest Research Report on GWW
W.W. Grainger Price Performance
Shares of W.W. Grainger stock traded up $19.11 during trading on Monday, hitting $992.20. 259,205 shares of the stock traded hands, compared to its average volume of 237,080. The stock has a market cap of $47.84 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 2.70 and a beta of 1.18. 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 firm's fifty day moving average is $1,038.34 and its 200-day moving average is $1,077.01.
W.W. Grainger (NYSE:GWW - Get Free Report) last issued its quarterly earnings results 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 quarter in the prior year, the firm earned $8.33 EPS. Research analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.
W.W. Grainger Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were paid a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 0.83%. The ex-dividend date was Monday, February 10th. 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.
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