Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in W W Grainger Inc (NYSE:GWW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,252 shares of the industrial products company’s stock, valued at approximately $532,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Longview Partners Guernsey LTD raised its position in W W Grainger by 3.1% in the fourth quarter. Longview Partners Guernsey LTD now owns 5,157,790 shares of the industrial products company’s stock worth $1,218,528,000 after acquiring an additional 156,313 shares during the period. Mackenzie Financial Corp raised its position in W W Grainger by 13.0% in the third 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 period. Ameriprise Financial Inc. raised its position in W W Grainger by 224.7% in the third 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 period. Neuberger Berman Group LLC raised its position in W W Grainger by 6.1% in the third quarter. Neuberger Berman Group LLC now owns 904,416 shares of the industrial products company’s stock worth $162,569,000 after acquiring an additional 51,995 shares during the period. Finally, Bank of New York Mellon Corp raised its position in W W Grainger by 81.0% in the third 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 period. Institutional investors and hedge funds own 85.84% of the company’s stock.
Several research analysts have weighed in on GWW shares. TheStreet upgraded shares of W W Grainger from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Robert W. Baird upgraded shares of W W Grainger from a “neutral” rating to a “buy” rating in a research report on Thursday, January 25th. Oppenheimer reiterated a “buy” rating and issued a $245.00 price target on shares of W W Grainger in a research report on Monday, November 13th. Zacks Investment Research upgraded shares of W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 price target on the stock in a research report on Tuesday, January 30th. Finally, KeyCorp reiterated a “hold” rating on shares of W W Grainger in a research report on Monday, November 13th. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $234.38.
Shares of W W Grainger Inc (NYSE:GWW) opened at $266.68 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.13 and a quick ratio of 1.18. The stock has a market cap of $15,184.01, a price-to-earnings ratio of 26.61, a PEG ratio of 2.01 and a beta of 0.88. W W Grainger Inc has a 52 week low of $155.00 and a 52 week high of $298.14.
W W Grainger (NYSE:GWW) last announced its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.76. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.57 billion. W W Grainger had a net margin of 5.62% and a return on equity of 35.76%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.45 earnings per share. research analysts anticipate that W W Grainger Inc will post 13.81 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be paid a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $5.12 annualized dividend and a yield of 1.92%. W W Grainger’s payout ratio is 51.10%.
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W W Grainger 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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