State of Michigan Retirement System Sells 100 Shares of W.W. Grainger, Inc. (NYSE:GWW)

State of Michigan Retirement System lowered its stake in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,317 shares of the industrial products company’s stock after selling 100 shares during the period. State of Michigan Retirement System’s holdings in W.W. Grainger were worth $11,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. OFI Invest Asset Management purchased a new position in shares of W.W. Grainger in the third quarter valued at $25,000. Coppell Advisory Solutions LLC purchased a new position in shares of W.W. Grainger in the second quarter valued at $34,000. Clear Street Markets LLC purchased a new position in shares of W.W. Grainger in the fourth quarter valued at $26,000. Cornerstone Planning Group LLC purchased a new position in shares of W.W. Grainger in the second quarter valued at $39,000. Finally, Retirement Group LLC grew its holdings in shares of W.W. Grainger by 2,450.0% in the fourth quarter. Retirement Group LLC now owns 51 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Down 0.9 %

Shares of GWW opened at $1,000.50 on Wednesday. The firm has a market capitalization of $49.15 billion, a P/E ratio of 27.63, a P/E/G ratio of 1.98 and a beta of 1.14. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average price of $964.81 and a 200-day moving average price of $841.81. W.W. Grainger, Inc. has a 12-month low of $625.97 and a 12-month high of $1,034.18.

W.W. Grainger (NYSE:GWWGet Free Report) last announced its earnings results on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, topping analysts’ consensus estimates of $8.05 by $0.28. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.04 billion. W.W. Grainger had a net margin of 11.10% and a return on equity of 56.54%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $7.14 earnings per share. Equities research analysts expect that W.W. Grainger, Inc. will post 39.26 earnings per share for the current year.

W.W. Grainger Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were paid a dividend of $1.86 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 0.74%. W.W. Grainger’s payout ratio is 20.55%.

Insider Transactions at W.W. Grainger

In other news, VP Paige K. Robbins sold 3,813 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the sale, the vice president now owns 4,909 shares in the company, valued at $4,756,231.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Paige K. Robbins sold 3,813 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the sale, the vice president now owns 4,909 shares in the company, valued at $4,756,231.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paige K. Robbins sold 3,122 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $950.22, for a total value of $2,966,586.84. Following the sale, the vice president now owns 4,909 shares in the company, valued at approximately $4,664,629.98. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Stephens raised their target price on shares of W.W. Grainger from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Royal Bank of Canada lifted their price objective on shares of W.W. Grainger from $809.00 to $907.00 and gave the stock a “sector perform” rating in a research note on Monday, February 5th. Jefferies Financial Group lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating and set a $825.00 price objective for the company. in a research note on Wednesday, December 20th. Oppenheimer lifted their price objective on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Finally, StockNews.com raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Saturday, March 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, W.W. Grainger currently has a consensus rating of “Hold” and an average target price of $913.89.

Read Our Latest Analysis on GWW

W.W. Grainger Profile

(Free Report)

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.

See Also

Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.W. Grainger, Inc. (NYSE:GWWFree Report).

Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

Receive News & Ratings for W.W. Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.W. Grainger and related companies with MarketBeat.com's FREE daily email newsletter.