Bartlett & Co. LLC lowered its stake in W.W. Grainger, Inc. (NYSE:GWW) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,776 shares of the industrial products company’s stock after selling 38 shares during the period. Bartlett & Co. LLC’s holdings in W.W. Grainger were worth $712,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of W.W. Grainger during the 4th quarter valued at $185,113,000. Junto Capital Management LP bought a new position in W.W. Grainger in the fourth quarter valued at about $63,791,000. FIL Ltd boosted its stake in shares of W.W. Grainger by 51.2% during the fourth quarter. FIL Ltd now owns 232,322 shares of the industrial products company’s stock valued at $94,867,000 after purchasing an additional 78,694 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of W.W. Grainger by 7.4% during the fourth quarter. Nuveen Asset Management LLC now owns 723,763 shares of the industrial products company’s stock worth $295,541,000 after purchasing an additional 49,819 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its stake in shares of W.W. Grainger by 54.6% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 116,339 shares of the industrial products company’s stock valued at $47,507,000 after buying an additional 41,105 shares during the period. Institutional investors own 70.63% of the company’s stock.
W.W. Grainger stock opened at $419.12 on Friday. The company has a market capitalization of $21.94 billion, a PE ratio of 36.19, a PEG ratio of 2.13 and a beta of 1.15. W.W. Grainger, Inc. has a 12-month low of $256.19 and a 12-month high of $427.90. The firm’s fifty day moving average is $400.41 and its 200 day moving average is $392.37. The company has a quick ratio of 1.73, a current ratio of 2.97 and a debt-to-equity ratio of 1.01.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 1st. Stockholders of record on Monday, February 8th were issued a dividend of $1.53 per share. This represents a $6.12 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Friday, February 5th. W.W. Grainger’s dividend payout ratio is currently 35.40%.
In other news, CEO Donald G. Macpherson sold 4,276 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 61,175 shares in the company, valued at $24,898,836.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John L. Howard sold 2,535 shares of W.W. Grainger stock in a transaction that occurred 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 directly owns 40,893 shares in the company, valued at approximately $16,652,038.53. The disclosure for this sale can be found here. Insiders own 13.97% of the company’s stock.
Several research analysts have commented on GWW shares. Morgan Stanley cut their target price on W.W. Grainger from $433.00 to $427.00 and set an “equal weight” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft lifted their price objective on W.W. Grainger from $391.00 to $405.00 and gave the stock a “hold” rating in a research note on Monday, February 1st. UBS Group reduced their target price on W.W. Grainger from $465.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday, February 4th. Finally, Oppenheimer boosted their price target on shares of W.W. Grainger from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $379.50.
About W.W. Grainger
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.
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