W.W. Grainger, Inc. (NYSE:GWW) Shares Sold by Scout Investments Inc.

Scout Investments Inc. lessened its holdings in W.W. Grainger, Inc. (NYSE:GWWFree Report) by 22.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,109 shares of the industrial products company’s stock after selling 5,154 shares during the period. Scout Investments Inc.’s holdings in W.W. Grainger were worth $15,007,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in W.W. Grainger during the 4th quarter worth $392,470,000. FMR LLC boosted its holdings in shares of W.W. Grainger by 17.2% during the third quarter. FMR LLC now owns 1,396,928 shares of the industrial products company’s stock valued at $966,451,000 after acquiring an additional 204,507 shares during the period. Morgan Stanley increased its holdings in shares of W.W. Grainger by 8.3% in the 3rd quarter. Morgan Stanley now owns 625,013 shares of the industrial products company’s stock worth $432,411,000 after acquiring an additional 47,731 shares during the period. International Assets Investment Management LLC raised its holdings in shares of W.W. Grainger by 82,775.0% during the fourth quarter. International Assets Investment Management LLC now owns 43,095 shares of the industrial products company’s stock valued at $35,712,000 after buying an additional 43,043 shares during the last quarter. Finally, Corient Private Wealth LLC increased its position in W.W. Grainger by 75.5% in the 4th quarter. Corient Private Wealth LLC now owns 43,087 shares of the industrial products company’s stock valued at $35,706,000 after acquiring an additional 18,542 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GWW shares. UBS Group increased their target price on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Stephens upgraded shares of W.W. Grainger from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $1,000.00 to $1,250.00 in a report on Monday, April 29th. Robert W. Baird cut W.W. Grainger from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $1,000.00 to $975.00 in a report on Wednesday, May 29th. Baird R W lowered W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Finally, StockNews.com downgraded W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, W.W. Grainger has an average rating of “Hold” and an average target price of $959.44.

Check Out Our Latest Stock Analysis on GWW

W.W. Grainger Price Performance

Shares of NYSE GWW traded up $13.22 during mid-day trading on Friday, reaching $892.25. The company had a trading volume of 220,094 shares, compared to its average volume of 239,725. The company has a 50-day moving average price of $949.23 and a two-hundred day moving average price of $913.40. The stock has a market cap of $43.78 billion, a PE ratio of 24.63, a P/E/G ratio of 1.72 and a beta of 1.16. The company has a current ratio of 2.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. W.W. Grainger, Inc. has a 1-year low of $674.41 and a 1-year high of $1,034.18.

W.W. Grainger (NYSE:GWWGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share for the quarter, topping analysts’ consensus estimates of $9.57 by $0.05. W.W. Grainger had a return on equity of 54.31% and a net margin of 10.94%. The firm had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter last year, the business posted $9.61 EPS. W.W. Grainger’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts anticipate that W.W. Grainger, Inc. will post 39.34 earnings per share for the current year.

W.W. Grainger Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Monday, May 13th were given a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.92%. This is a boost from W.W. Grainger’s previous quarterly dividend of $1.86. The ex-dividend date was Friday, May 10th. W.W. Grainger’s payout ratio is presently 22.64%.

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.

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

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