First Allied Advisory Services Inc. trimmed its stake in W W Grainger Inc (NYSE:GWW) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,555 shares of the industrial products company’s stock after selling 267 shares during the period. First Allied Advisory Services Inc.’s holdings in W W Grainger were worth $2,484,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Tredje AP fonden boosted its position in W W Grainger by 32.2% in the 3rd quarter. Tredje AP fonden now owns 3,450 shares of the industrial products company’s stock valued at $620,000 after buying an additional 840 shares during the period. Ronna Sue Cohen purchased a new stake in W W Grainger in the 3rd quarter valued at about $3,651,000. MU Investments Co. Ltd. boosted its position in W W Grainger by 29.2% in the 4th quarter. MU Investments Co. Ltd. now owns 24,800 shares of the industrial products company’s stock valued at $5,901,000 after buying an additional 5,600 shares during the period. Nisa Investment Advisors LLC boosted its position in W W Grainger by 4.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 12,728 shares of the industrial products company’s stock valued at $3,007,000 after buying an additional 550 shares during the period. Finally, Pinebridge Investments L.P. boosted its position in W W Grainger by 47.1% in the 3rd quarter. Pinebridge Investments L.P. now owns 5,128 shares of the industrial products company’s stock valued at $921,000 after buying an additional 1,642 shares during the period. 85.84% of the stock is owned by institutional investors.
Shares of W W Grainger Inc (NYSE:GWW) opened at $266.68 on Friday. W W Grainger Inc has a 52-week low of $155.00 and a 52-week high of $298.14. The firm has a market cap of $15,021.82, a P/E ratio of 23.27, a PEG ratio of 1.99 and a beta of 0.88. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.13 and a quick ratio of 1.18.
W W Grainger (NYSE:GWW) last announced its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.76. W W Grainger had a net margin of 5.62% and a return on equity of 35.76%. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the prior year, the company earned $2.45 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. research analysts expect that W W Grainger Inc will post 13.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be given a $1.28 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $5.12 annualized dividend and a dividend yield of 1.92%. W W Grainger’s payout ratio is presently 51.10%.
Several equities research analysts have issued reports on GWW shares. Royal Bank of Canada boosted their price objective on shares of W W Grainger from $146.00 to $148.00 and gave the company an “underperform” rating in a research report on Tuesday, November 7th. Oppenheimer reissued a “buy” rating and issued a $245.00 price objective on shares of W W Grainger in a research report on Monday, November 13th. KeyCorp reissued a “hold” rating on shares of W W Grainger in a research report on Monday, November 13th. TheStreet raised shares of W W Grainger from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Finally, Credit Suisse Group reissued an “underperform” rating and issued a $190.00 price objective (up from $172.00) on shares of W W Grainger in a research report on Tuesday, January 9th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $234.38.
In other news, Director Lucas E. Watson acquired 195 shares of W W Grainger stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average price of $256.51 per share, for a total transaction of $50,019.45. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Eric R. Tapia sold 100 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $266.06, for a total transaction of $26,606.00. Following the transaction, the vice president now owns 3,563 shares of the company’s stock, valued at approximately $947,971.78. The disclosure for this sale can be found here. Insiders sold a total of 30,258 shares of company stock valued at $6,790,898 in the last ninety days. Corporate insiders own 9.60% of the company’s stock.
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About W W Grainger
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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