Thrivent Financial for Lutherans trimmed its position in W W Grainger Inc (NYSE:GWW) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,989 shares of the industrial products company’s stock after selling 43 shares during the period. Thrivent Financial for Lutherans’ holdings in W W Grainger were worth $673,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of W W Grainger by 1.0% in the 3rd quarter. State Street Corp now owns 2,536,412 shares of the industrial products company’s stock valued at $753,695,000 after buying an additional 26,074 shares during the period. Bank of Montreal Can grew its position in shares of W W Grainger by 30.7% in the 4th quarter. Bank of Montreal Can now owns 475,318 shares of the industrial products company’s stock valued at $160,906,000 after purchasing an additional 111,762 shares during the period. Coho Partners Ltd. grew its position in shares of W W Grainger by 3.0% in the 4th quarter. Coho Partners Ltd. now owns 472,896 shares of the industrial products company’s stock valued at $160,085,000 after purchasing an additional 13,929 shares during the period. ProShare Advisors LLC increased its stake in W W Grainger by 10.5% during the 4th quarter. ProShare Advisors LLC now owns 354,243 shares of the industrial products company’s stock worth $119,918,000 after purchasing an additional 33,674 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in W W Grainger by 64.8% during the 4th quarter. Renaissance Technologies LLC now owns 313,400 shares of the industrial products company’s stock worth $106,092,000 after purchasing an additional 123,200 shares in the last quarter. Institutional investors and hedge funds own 72.48% of the company’s stock.
GWW has been the subject of several research analyst reports. Buckingham Research reduced their price target on shares of W W Grainger from $342.00 to $326.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Gabelli raised shares of W W Grainger from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Stephens lowered their target price on W W Grainger from $330.00 to $322.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Morgan Stanley dropped their price target on W W Grainger from $291.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, William Blair raised W W Grainger from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $298.45.
NYSE:GWW traded up $5.72 on Thursday, hitting $243.01. 26,279 shares of the company’s stock were exchanged, compared to its average volume of 572,476. The firm has a 50-day moving average price of $278.51 and a 200-day moving average price of $307.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.12 and a quick ratio of 1.13. W W Grainger Inc has a 52 week low of $200.61 and a 52 week high of $346.60. The company has a market cap of $12.81 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00.
W W Grainger (NYSE:GWW) last released its earnings results on Thursday, January 30th. The industrial products company reported $3.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.12). The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. W W Grainger had a net margin of 7.39% and a return on equity of 45.63%. W W Grainger’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.96 EPS. On average, research analysts expect that W W Grainger Inc will post 17.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Monday, February 10th were paid a $1.44 dividend. The ex-dividend date was Friday, February 7th. This represents a $5.76 annualized dividend and a dividend yield of 2.37%. W W Grainger’s dividend payout ratio is presently 33.31%.
About W W Grainger
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, 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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