MainStreet Investment Advisors LLC bought a new position in shares of W W Grainger Inc (NYSE:GWW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,088 shares of the industrial products company’s stock, valued at approximately $2,620,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of GWW. Advisory Services Network LLC lifted its position in shares of W W Grainger by 107.9% in the 4th quarter. Advisory Services Network LLC now owns 476 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 247 shares during the period. Westside Investment Management Inc. acquired a new position in shares of W W Grainger in the 3rd quarter worth approximately $107,000. Fieldpoint Private Securities LLC acquired a new position in shares of W W Grainger in the 3rd quarter worth approximately $133,000. Tower Research Capital LLC TRC lifted its position in shares of W W Grainger by 420.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 781 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 631 shares during the period. Finally, Glenview State Bank Trust DEPT. acquired a new position in shares of W W Grainger in the 4th quarter worth approximately $202,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.
GWW has been the topic of a number of recent analyst reports. Stephens restated a “hold” rating and issued a $264.00 price target on shares of W W Grainger in a research report on Thursday, January 25th. BMO Capital Markets boosted their target price on shares of W W Grainger to $242.00 and gave the company a “market perform” rating in a research report on Friday. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of W W Grainger from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 16th. Oppenheimer boosted their target price on shares of W W Grainger from $245.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, TheStreet upgraded shares of W W Grainger from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $234.92.
W W Grainger (NYSE:GWW) last posted its earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $2.57 billion. During the same quarter in the prior year, the business posted $2.45 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. equities research analysts forecast that W W Grainger Inc will post 13.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Monday, February 12th were paid a $1.28 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $5.12 annualized dividend and a dividend yield of 1.82%. W W Grainger’s payout ratio is 51.10%.
In other news, VP Eric R. Tapia sold 100 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $266.06, for a total value of $26,606.00. Following the completion of the sale, the vice president now owns 3,563 shares in the company, valued at approximately $947,971.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lucas E. Watson bought 195 shares of W W Grainger stock in a transaction dated Monday, February 5th. The stock was purchased at an average price of $256.51 per share, with a total value of $50,019.45. The disclosure for this purchase can be found here. Corporate insiders own 9.60% of the company’s stock.
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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