Columbia Partners L L C Investment Management lifted its position in W W Grainger Inc (NYSE:GWW) by 23.0% during the 4th quarter, Holdings Channel reports. The firm owned 2,986 shares of the industrial products company’s stock after buying an additional 558 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in W W Grainger were worth $705,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of GWW. Longview Partners Guernsey LTD grew its holdings in shares of W W Grainger by 33.2% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,001,477 shares of the industrial products company’s stock worth $899,015,000 after purchasing an additional 1,245,771 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in W W Grainger by 224.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,225,728 shares of the industrial products company’s stock worth $220,325,000 after acquiring an additional 848,192 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in W W Grainger by 81.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 730,951 shares of the industrial products company’s stock worth $131,388,000 after acquiring an additional 327,085 shares during the last quarter. Mackenzie Financial Corp grew its holdings in W W Grainger by 13.0% during the 3rd quarter. Mackenzie Financial Corp now owns 2,103,608 shares of the industrial products company’s stock worth $378,124,000 after acquiring an additional 242,827 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in W W Grainger by 447.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 201,494 shares of the industrial products company’s stock worth $36,283,000 after acquiring an additional 164,656 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.
GWW has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price objective on shares of W W Grainger from $146.00 to $148.00 and gave the stock an “underperform” rating in a report on Tuesday, November 7th. Oppenheimer reissued a “buy” rating and set a $245.00 price objective on shares of W W Grainger in a report on Monday, November 13th. KeyCorp reissued a “hold” rating on shares of W W Grainger in a report on Monday, November 13th. TheStreet raised shares of W W Grainger from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. Finally, Credit Suisse Group reissued an “underperform” rating and set a $190.00 price objective (up previously from $172.00) on shares of W W Grainger in a report on Tuesday, January 9th. They noted that the move was a valuation call. Six analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. W W Grainger presently has a consensus rating of “Hold” and a consensus target price of $234.38.
W W Grainger Inc (GWW) opened at $266.19 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.18 and a debt-to-equity ratio of 1.23. W W Grainger Inc has a 52-week low of $155.00 and a 52-week high of $298.14. The stock has a market cap of $14,990.00, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88.
W W Grainger (NYSE:GWW) last released its earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the company posted $2.45 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. equities research analysts anticipate that W W Grainger Inc will post 13.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be given a dividend of $1.28 per share. The ex-dividend date is Friday, February 9th. This represents a $5.12 dividend on an annualized basis and a yield of 1.92%. W W Grainger’s payout ratio is presently 44.68%.
In other news, Director Lucas E. Watson purchased 195 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $256.51 per share, for a total transaction of $50,019.45. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Eric R. Tapia sold 100 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $266.06, for a total transaction of $26,606.00. Following the completion of the sale, the vice president now owns 3,563 shares in the company, valued at $947,971.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,258 shares of company stock worth $6,790,898. Corporate insiders own 9.60% of the company’s stock.
W W Grainger Company Profile
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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