UniSuper Management Pty Ltd increased its holdings in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 19.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,510 shares of the industrial products company's stock after buying an additional 561 shares during the period. UniSuper Management Pty Ltd's holdings in W.W. Grainger were worth $3,700,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the business. Kingsview Wealth Management LLC purchased a new stake in shares of W.W. Grainger in the 3rd quarter valued at $294,000. Larson Financial Group LLC boosted its holdings in W.W. Grainger by 111.1% in the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 20 shares in the last quarter. Fisher Asset Management LLC purchased a new position in shares of W.W. Grainger during the third quarter valued at about $231,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of W.W. Grainger in the 3rd quarter valued at approximately $381,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of W.W. Grainger by 0.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 26,877 shares of the industrial products company's stock valued at $27,920,000 after buying an additional 68 shares in the last quarter. Institutional investors own 80.70% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on GWW. StockNews.com lowered shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research note on Thursday, December 19th. 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. William Blair upgraded W.W. Grainger from a "market perform" rating to an "outperform" rating in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. decreased 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 report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $1,151.50.
Check Out Our Latest Stock Analysis on GWW
W.W. Grainger Stock Up 0.2 %
Shares of GWW traded up $2.39 during mid-day trading on Tuesday, hitting $990.22. 117,975 shares of the company traded hands, compared to its average volume of 246,746. The business has a 50 day moving average of $1,024.86 and a 200 day moving average of $1,077.69. The company has a market capitalization of $47.75 billion, a PE ratio of 25.59, a price-to-earnings-growth 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 1-year low of $874.98 and a 1-year high of $1,227.66.
W.W. Grainger (NYSE:GWW - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 earnings per share 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 previous year, the business earned $8.33 EPS. Equities 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 declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were given a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Monday, February 10th. W.W. Grainger's dividend payout ratio is presently 21.18%.
W.W. Grainger Profile
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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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