Zions Bancorporation N.A. Buys 843 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Zions Bancorporation N.A. boosted its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 16.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,837 shares of the industrial products company's stock after purchasing an additional 843 shares during the period. Zions Bancorporation N.A.'s holdings in W.W. Grainger were worth $6,152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GWW. Vanguard Group Inc. raised its stake in shares of W.W. Grainger by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,330,688 shares of the industrial products company's stock worth $5,618,812,000 after buying an additional 40,376 shares during the last quarter. State Street Corp raised its position in W.W. Grainger by 2.3% during the third quarter. State Street Corp now owns 1,997,191 shares of the industrial products company's stock worth $2,074,702,000 after acquiring an additional 45,369 shares during the last quarter. FMR LLC lifted its holdings in shares of W.W. Grainger by 2.6% in the third quarter. FMR LLC now owns 1,617,149 shares of the industrial products company's stock valued at $1,679,911,000 after purchasing an additional 40,992 shares in the last quarter. Geode Capital Management LLC grew its position in shares of W.W. Grainger by 2.5% in the third quarter. Geode Capital Management LLC now owns 1,167,031 shares of the industrial products company's stock valued at $1,208,610,000 after purchasing an additional 28,626 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of W.W. Grainger by 8.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 546,960 shares of the industrial products company's stock worth $568,188,000 after purchasing an additional 42,866 shares in the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

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W.W. Grainger Price Performance

GWW traded down $15.42 during trading on Friday, reaching $971.82. The stock had a trading volume of 93,779 shares, compared to its average volume of 246,397. The firm has a market capitalization of $46.86 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. The stock has a 50 day moving average of $1,030.14 and a two-hundred day moving average of $1,076.42. 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 posted its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 earnings per share 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 period in the prior year, the firm earned $8.33 earnings per share. As a group, equities analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were paid a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Monday, February 10th. W.W. Grainger's dividend payout ratio (DPR) is presently 21.18%.

Analyst Ratings Changes

GWW has been the subject of a number of recent research reports. Royal Bank of Canada lowered their price target 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. JPMorgan Chase & Co. cut their price target on W.W. Grainger from $1,125.00 to $1,100.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. StockNews.com downgraded shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research note on Thursday, December 19th. Finally, William Blair raised shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a research report on Monday, March 10th. One equities 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. Based on data from MarketBeat.com, W.W. Grainger presently has a consensus rating of "Hold" and an average price target of $1,151.50.

About W.W. Grainger

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.