Marietta Investment Partners LLC reduced its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,720 shares of the industrial products company's stock after selling 370 shares during the period. W.W. Grainger accounts for 3.2% of Marietta Investment Partners LLC's holdings, making the stock its 4th biggest holding. Marietta Investment Partners LLC's holdings in W.W. Grainger were worth $14,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in W.W. Grainger in the fourth quarter worth approximately $267,529,000. Proficio Capital Partners LLC purchased a new stake in W.W. Grainger during the 4th quarter worth approximately $175,000. AustralianSuper Pty Ltd grew its holdings in shares of W.W. Grainger by 694.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 76,674 shares of the industrial products company's stock valued at $80,818,000 after buying an additional 67,018 shares during the last quarter. 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 worth $491,170,000 after acquiring an additional 58,978 shares during the last quarter. Finally, Champlain Investment Partners LLC purchased a new position in shares of W.W. Grainger in the third quarter worth about $55,815,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.
W.W. Grainger Stock Performance
Shares of GWW stock traded down $2.65 during mid-day trading on Wednesday, hitting $987.55. The stock had a trading volume of 158,461 shares, compared to its average volume of 236,355. W.W. Grainger, Inc. has a fifty-two week low of $874.98 and a fifty-two week high of $1,227.66. The company's 50-day simple moving average is $1,032.60 and its 200-day simple moving average is $1,077.05. The firm has a market cap of $47.62 billion, a PE ratio of 25.51, a PEG ratio of 2.70 and a beta of 1.18. 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 (NYSE:GWW - Get Free Report) last issued its earnings results 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 quarter in the previous year, the business earned $8.33 EPS. Sell-side analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.
W.W. Grainger Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were given a dividend of $2.05 per share. The ex-dividend date of this dividend 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 currently 21.18%.
Analyst Upgrades and Downgrades
A number of research analysts have 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. Royal Bank of Canada cut 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 report on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Finally, StockNews.com downgraded W.W. Grainger from a "buy" rating to a "hold" rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, W.W. Grainger currently has a consensus rating of "Hold" and an average target price of $1,151.50.
Read Our Latest Stock Analysis on GWW
W.W. Grainger Company Profile
(
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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