Dimensional Fund Advisors LP lifted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 346,083 shares of the industrial products company’s stock after acquiring an additional 6,779 shares during the quarter. Dimensional Fund Advisors LP’s holdings in W.W. Grainger were worth $141,318,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. United Capital Financial Advisers LLC increased its holdings in shares of W.W. Grainger by 0.8% during the 4th quarter. United Capital Financial Advisers LLC now owns 6,238 shares of the industrial products company’s stock worth $2,547,000 after purchasing an additional 47 shares during the period. Sowell Financial Services LLC boosted its stake in W.W. Grainger by 19.8% during the fourth quarter. Sowell Financial Services LLC now owns 2,917 shares of the industrial products company’s stock worth $1,191,000 after buying an additional 482 shares in the last quarter. Bremer Bank National Association raised its position in W.W. Grainger by 0.5% in the fourth quarter. Bremer Bank National Association now owns 5,882 shares of the industrial products company’s stock worth $2,402,000 after purchasing an additional 30 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of W.W. Grainger by 278.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 159 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 117 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in W.W. Grainger by 26.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 23,521 shares of the industrial products company’s stock valued at $9,605,000 after purchasing an additional 4,893 shares during the last quarter. Hedge funds and other institutional investors own 70.63% of the company’s stock.
In other news, VP John L. Howard sold 2,535 shares of the company’s stock in a transaction on Monday, April 5th. The shares were sold at an average price of $407.21, for a total value of $1,032,277.35. Following the transaction, the vice president now owns 40,893 shares of the company’s stock, valued at $16,652,038.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Donald G. Macpherson sold 4,276 shares of the stock in a transaction on Monday, April 5th. The stock was sold at an average price of $407.01, for a total value of $1,740,374.76. Following the completion of the sale, the chief executive officer now owns 61,175 shares in the company, valued at approximately $24,898,836.75. The disclosure for this sale can be found here. Corporate insiders own 13.97% of the company’s stock.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Tuesday, February 2nd. The industrial products company reported $3.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.86 by ($0.20). The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.92 billion. W.W. Grainger had a net margin of 5.37% and a return on equity of 41.31%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.88 earnings per share. On average, equities research analysts expect that W.W. Grainger, Inc. will post 16.29 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 1st. Investors of record on Monday, February 8th were paid a dividend of $1.53 per share. The ex-dividend date was Friday, February 5th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 1.53%. W.W. Grainger’s payout ratio is 35.40%.
Several equities research analysts have commented on GWW shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of W.W. Grainger from $391.00 to $405.00 and gave the company a “hold” rating in a research note on Monday, February 1st. Wells Fargo & Company lowered shares of W.W. Grainger from an “equal weight” rating to an “underweight” rating and set a $350.00 target price for the company. in a research note on Monday, December 14th. UBS Group dropped their price target on W.W. Grainger from $465.00 to $455.00 and set a “buy” rating on the stock in a research note on Thursday, February 4th. Oppenheimer lifted their price objective on shares of W.W. Grainger from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, March 10th. Finally, Morgan Stanley upped their target price on W.W. Grainger from $405.00 to $433.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $373.85.
W.W. Grainger Company Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.
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