SVB Wealth LLC Has $1.03 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

SVB Wealth LLC grew its position in W.W. Grainger, Inc. (NYSE:GWW) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,243 shares of the industrial products company’s stock after acquiring an additional 108 shares during the period. SVB Wealth LLC’s holdings in W.W. Grainger were worth $1,030,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dakota Wealth Management boosted its stake in W.W. Grainger by 9.7% in the fourth quarter. Dakota Wealth Management now owns 3,100 shares of the industrial products company’s stock worth $2,569,000 after purchasing an additional 275 shares in the last quarter. Conning Inc. bought a new position in shares of W.W. Grainger in the fourth quarter valued at about $261,000. Vontobel Holding Ltd. lifted its position in W.W. Grainger by 2.6% during the 4th quarter. Vontobel Holding Ltd. now owns 66,069 shares of the industrial products company’s stock worth $54,751,000 after buying an additional 1,656 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in W.W. Grainger by 47.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,208 shares of the industrial products company’s stock worth $4,311,000 after acquiring an additional 1,685 shares during the last quarter. Finally, Simplicity Wealth LLC acquired a new stake in W.W. Grainger in the 4th quarter valued at about $437,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on GWW shares. UBS Group increased their price target on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Stephens upped their price objective on W.W. Grainger from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. StockNews.com raised W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Saturday, March 16th. JPMorgan Chase & Co. upped their price target on W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Finally, Oppenheimer raised their price target on W.W. Grainger from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, W.W. Grainger currently has a consensus rating of “Hold” and a consensus target price of $913.89.

Insider Activity at W.W. Grainger

In other W.W. Grainger 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 value of $3,694,339.44. Following the completion of the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,756,231.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, VP Paige K. Robbins sold 3,813 shares of W.W. Grainger 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 transaction, the vice president now owns 4,909 shares in the company, valued at approximately $4,756,231.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paige K. Robbins sold 3,122 shares of the stock in a transaction that occurred on 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 directly owns 4,909 shares of the company’s stock, valued at $4,664,629.98. The disclosure for this sale can be found here. 9.50% of the stock is owned by corporate insiders.

W.W. Grainger Trading Down 1.3 %

NYSE:GWW opened at $937.24 on Friday. The firm has a market capitalization of $46.05 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 1.86 and a beta of 1.14. W.W. Grainger, Inc. has a 1-year low of $641.95 and a 1-year high of $1,034.18. The business’s 50-day moving average price is $979.76 and its two-hundred day moving average price is $863.92. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.66.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Friday, February 2nd. The industrial products company reported $8.33 earnings per share for the quarter, beating analysts’ consensus estimates of $8.05 by $0.28. The business had revenue of $4 billion for 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%. W.W. Grainger’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company posted $7.14 EPS. On average, equities analysts expect that W.W. Grainger, Inc. will post 39.26 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were issued a $1.86 dividend. This represents a $7.44 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, February 9th. W.W. Grainger’s dividend payout ratio (DPR) is 20.55%.

W.W. Grainger Profile

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.