W.W. Grainger, Inc. (NYSE:GWW) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,975 shares of the industrial products company's stock after selling 486 shares during the quarter. Wellington Management Group LLP's holdings in W.W. Grainger were worth $4,190,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Busey Bank raised its position in shares of W.W. Grainger by 1.5% in the 4th quarter. Busey Bank now owns 615 shares of the industrial products company's stock valued at $648,000 after purchasing an additional 9 shares during the last quarter. Angeles Wealth Management LLC increased its holdings in shares of W.W. Grainger by 2.1% in the fourth quarter. Angeles Wealth Management LLC now owns 438 shares of the industrial products company's stock valued at $462,000 after purchasing an additional 9 shares during the period. Iron Horse Wealth Management LLC raised its stake in shares of W.W. Grainger by 43.5% in the fourth quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company's stock worth $35,000 after purchasing an additional 10 shares during the last quarter. Welch & Forbes LLC boosted its position in W.W. Grainger by 2.1% in the fourth quarter. Welch & Forbes LLC now owns 481 shares of the industrial products company's stock valued at $507,000 after buying an additional 10 shares during the last quarter. Finally, United Community Bank increased its holdings in W.W. Grainger by 6.9% in the 4th quarter. United Community Bank now owns 155 shares of the industrial products company's stock worth $163,000 after buying an additional 10 shares during the period. 80.70% of the stock is owned by hedge funds and other institutional investors.

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W.W. Grainger Trading Down 0.0 %

Shares of NYSE:GWW traded down $0.07 during midday trading on Tuesday, reaching $1,000.13. The company's stock had a trading volume of 161,559 shares, compared to its average volume of 252,979. The business has a 50 day moving average price of $992.33 and a 200 day moving average price of $1,072.08. 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. The firm has a market cap of $48.22 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 2.70 and a beta of 1.20.

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 (EPS) for the quarter, missing the consensus estimate 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 firm earned $8.33 EPS. Research analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders 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 dividend yield of 0.82%. The ex-dividend date of this dividend was Monday, February 10th. W.W. Grainger's payout ratio is 21.18%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GWW shares. William Blair raised W.W. Grainger from a "market perform" rating to an "outperform" rating in a report on Monday, March 10th. JPMorgan Chase & Co. lowered their price objective 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. Royal Bank of Canada reduced their price objective on W.W. Grainger from $1,113.00 to $1,112.00 and set a "sector perform" rating for the company in a research note on Monday, February 3rd. StockNews.com cut shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research report on Thursday, December 19th. Finally, Wolfe Research cut W.W. Grainger from a "peer perform" rating to an "underperform" rating and set a $966.00 price objective on the stock. in a report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, W.W. Grainger has a consensus rating of "Hold" and an average price target of $1,130.89.

Insider Buying and Selling

In related news, CFO Deidra C. Merriwether sold 1,164 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $997.12, for a total transaction of $1,160,647.68. Following the transaction, the chief financial officer now directly owns 10,235 shares in the company, valued at $10,205,523.20. This trade represents a 10.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.10% of the company's stock.

W.W. Grainger 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.