Tredje AP fonden Lowers Stake in W.W. Grainger, Inc. (NYSE:GWW)

Tredje AP fonden lessened its holdings in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 30.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,793 shares of the industrial products company's stock after selling 2,592 shares during the period. Tredje AP fonden's holdings in W.W. Grainger were worth $6,106,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GWW. Swedbank AB increased its holdings in shares of W.W. Grainger by 23.5% in 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 last quarter. Assetmark Inc. lifted its holdings in shares of W.W. Grainger by 225.0% in the 3rd quarter. Assetmark Inc. now owns 78 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 54 shares during the last quarter. Versor Investments LP purchased a new position in W.W. Grainger in the third quarter worth about $362,000. Entropy Technologies LP bought a new stake in W.W. Grainger during the third quarter worth approximately $717,000. Finally, Savvy Advisors Inc. purchased a new stake in W.W. Grainger during the third quarter valued at approximately $220,000. Hedge funds and other institutional investors own 80.70% of the company's stock.

W.W. Grainger Trading Down 0.3 %

Shares of NYSE:GWW traded down $3.29 during trading on Tuesday, reaching $974.12. 205,821 shares of the company were exchanged, compared to its average volume of 235,359. The business's fifty day simple moving average is $1,045.32 and its 200-day simple moving average is $1,076.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.49 and a quick ratio of 1.49. W.W. Grainger, Inc. has a 12-month low of $874.98 and a 12-month high of $1,227.66. The firm has a market capitalization of $46.97 billion, a PE ratio of 25.16, a P/E/G ratio of 2.70 and a beta of 1.18.

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W.W. Grainger (NYSE:GWW - Get Free Report) last released 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 period in the previous year, the company earned $8.33 EPS. On average, research analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The firm 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. This represents a $8.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Monday, February 10th. W.W. Grainger's dividend payout ratio (DPR) is presently 21.18%.

Analysts Set New Price Targets

A number of brokerages have recently commented on GWW. Royal Bank of Canada dropped their target price on 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. StockNews.com lowered shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. reduced their target price 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. 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 report on Tuesday, November 19th. Finally, William Blair upgraded shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, W.W. Grainger presently has an average rating of "Hold" and a consensus price target 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.