KLP Kapitalforvaltning AS acquired a new stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 23,330 shares of the industrial products company's stock, valued at approximately $24,591,000.
Other institutional investors also recently modified their holdings of the company. State Street Corp grew its holdings in W.W. Grainger by 2.3% during the third quarter. State Street Corp now owns 1,997,191 shares of the industrial products company's stock worth $2,074,702,000 after purchasing an additional 45,369 shares during the period. FMR LLC lifted its position in shares of 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 last quarter. Geode Capital Management LLC boosted its stake in shares of W.W. Grainger by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,167,031 shares of the industrial products company's stock worth $1,208,610,000 after acquiring an additional 28,626 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 last quarter. Finally, Amundi raised its stake in W.W. Grainger by 14.7% in the 4th quarter. Amundi now owns 459,536 shares of the industrial products company's stock valued at $491,170,000 after acquiring an additional 58,978 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.
W.W. Grainger Price Performance
Shares of NYSE:GWW traded down $1.15 during trading on Thursday, reaching $987.04. 140,801 shares of the company traded hands, compared to its average volume of 235,959. The firm has a market capitalization of $47.59 billion, a PE ratio of 25.50, a PEG 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 company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62. The company's 50 day moving average is $1,032.60 and its two-hundred day moving average is $1,077.05.
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 earnings per share 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 firm posted $8.33 EPS. As a group, sell-side analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.
W.W. Grainger Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors 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 dividend on an annualized basis and a yield of 0.83%. W.W. Grainger's dividend payout ratio (DPR) is 21.18%.
Wall Street Analysts Forecast Growth
Several research firms have commented on GWW. William Blair upgraded shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a report on Monday, March 10th. JPMorgan Chase & Co. decreased their price target on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Royal Bank of Canada cut their price objective 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, StockNews.com downgraded W.W. Grainger from a "buy" rating to a "hold" rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, W.W. Grainger presently has an average rating of "Hold" and a consensus price target of $1,151.50.
Read Our Latest Stock Report on GWW
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.
Featured Articles
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
