Teacher Retirement System of Texas Has $15.40 Million Stock Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Teacher Retirement System of Texas reduced its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,610 shares of the industrial products company's stock after selling 2,620 shares during the quarter. Teacher Retirement System of Texas' holdings in W.W. Grainger were worth $15,400,000 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. Swedbank AB boosted its holdings in shares of W.W. Grainger by 23.5% during the 3rd quarter. Swedbank AB now owns 193,888 shares of the industrial products company's stock worth $201,413,000 after buying an additional 36,892 shares during the period. Thrivent Financial for Lutherans boosted its holdings in 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 valued at $2,320,000 after acquiring an additional 94 shares during the period. Commerce Bank grew its position in shares of W.W. Grainger by 0.8% in the third quarter. Commerce Bank now owns 6,632 shares of the industrial products company's stock valued at $6,889,000 after purchasing an additional 53 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of W.W. Grainger by 250.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,828 shares of the industrial products company's stock worth $2,938,000 after purchasing an additional 2,022 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of W.W. Grainger by 9.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 229 shares of the industrial products company's stock worth $238,000 after purchasing an additional 19 shares during the last quarter. Institutional investors own 80.70% of the company's stock.

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W.W. Grainger Price Performance

W.W. Grainger stock traded down $2.65 during mid-day trading on Wednesday, hitting $987.55. 158,461 shares of the company were exchanged, compared to its average volume of 236,260. 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 capitalization of $47.62 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. The business has a fifty day moving average of $1,034.72 and a 200 day moving average of $1,077.68. 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 (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 last year, the business posted $8.33 EPS. As a group, sell-side analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were paid a dividend of $2.05 per share. The ex-dividend date of this dividend 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 (DPR) is currently 21.18%.

Analyst Ratings Changes

Several research firms have issued reports on GWW. Royal Bank of Canada decreased their price target 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 report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on 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. William Blair upgraded W.W. Grainger from a "market perform" rating to an "outperform" rating in a research report on Monday, March 10th. Finally, StockNews.com cut 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 given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price 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.