Vestcor Inc Has $5.29 Million Stock Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Vestcor Inc lowered its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,014 shares of the industrial products company's stock after selling 272 shares during the quarter. Vestcor Inc's holdings in W.W. Grainger were worth $5,285,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GWW. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of W.W. Grainger by 409.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,405 shares of the industrial products company's stock valued at $15,184,000 after acquiring an additional 11,577 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in W.W. Grainger by 1.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 4,231 shares of the industrial products company's stock worth $4,460,000 after purchasing an additional 63 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in W.W. Grainger by 13.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 128 shares of the industrial products company's stock valued at $135,000 after purchasing an additional 15 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of W.W. Grainger by 12.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,313 shares of the industrial products company's stock valued at $1,384,000 after purchasing an additional 146 shares during the period. Finally, PFG Advisors lifted its position in shares of W.W. Grainger by 3.8% during the 4th quarter. PFG Advisors now owns 408 shares of the industrial products company's stock worth $430,000 after buying an additional 15 shares during the period. Institutional investors and hedge funds own 80.70% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. William Blair upgraded W.W. Grainger from a "market perform" rating to an "outperform" rating in a research report on Monday, March 10th. Morgan Stanley increased 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 research report on Tuesday, November 19th. JPMorgan Chase & Co. reduced their price target 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 report on Monday, February 3rd. Royal Bank of Canada dropped their price objective on shares of 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. Finally, StockNews.com downgraded W.W. Grainger from a "buy" rating to a "hold" rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $1,151.50.

W.W. Grainger Trading Down 0.3 %

NYSE:GWW traded down $3.29 during trading hours on Tuesday, hitting $974.12. 205,821 shares of the stock were exchanged, compared to its average volume of 235,359. The company has a market capitalization of $46.97 billion, a P/E ratio of 25.16, 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. The company's 50 day moving average is $1,045.32 and its two-hundred day moving average is $1,076.86. W.W. Grainger, Inc. has a twelve month low of $874.98 and a twelve month 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 EPS for the quarter, missing analysts' consensus estimates 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 last year, the business earned $8.33 earnings per share. On average, sell-side analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were issued a $2.05 dividend. The ex-dividend date was Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a yield of 0.84%. W.W. Grainger's dividend payout ratio is presently 21.18%.

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.