American International Group Inc. boosted its holdings in W W Grainger Inc (NYSE:GWW) by 3.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 84,586 shares of the industrial products company’s stock after acquiring an additional 2,531 shares during the period. American International Group Inc.’s holdings in W W Grainger were worth $19,983,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the business. Longview Partners Guernsey LTD raised its position in W W Grainger by 3.1% in the 4th quarter. Longview Partners Guernsey LTD now owns 5,157,790 shares of the industrial products company’s stock worth $1,218,528,000 after buying an additional 156,313 shares during the last quarter. BlackRock Inc. raised its position in W W Grainger by 0.4% in the 4th quarter. BlackRock Inc. now owns 3,516,122 shares of the industrial products company’s stock worth $830,686,000 after buying an additional 12,416 shares during the last quarter. Mackenzie Financial Corp raised its position in W W Grainger by 13.0% in the 3rd quarter. Mackenzie Financial Corp now owns 2,103,608 shares of the industrial products company’s stock worth $378,124,000 after buying an additional 242,827 shares during the last quarter. Ameriprise Financial Inc. raised its position in W W Grainger by 224.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,225,728 shares of the industrial products company’s stock worth $220,325,000 after buying an additional 848,192 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in W W Grainger by 6.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 904,416 shares of the industrial products company’s stock worth $162,569,000 after buying an additional 51,995 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have weighed in on GWW. Stifel Nicolaus reissued a “hold” rating and issued a $278.00 target price on shares of W W Grainger in a research report on Friday, January 26th. Zacks Investment Research raised W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 target price for the company in a research report on Tuesday, January 30th. BMO Capital Markets boosted their target price on W W Grainger from $224.00 to $235.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Stephens reissued a “hold” rating and issued a $264.00 target price on shares of W W Grainger in a research report on Thursday, January 25th. Finally, Robert W. Baird raised W W Grainger from a “neutral” rating to a “buy” rating in a research report on Thursday, January 25th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $234.38.
W W Grainger (NYSE:GWW) last released its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.76. W W Grainger had a net margin of 5.62% and a return on equity of 35.76%. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the firm earned $2.45 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. sell-side analysts expect that W W Grainger Inc will post 13.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, February 9th. W W Grainger’s payout ratio is currently 44.68%.
In related news, VP John L. Howard sold 21,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $220.56, for a total transaction of $4,631,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lucas E. Watson acquired 195 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were bought at an average price of $256.51 per share, with a total value of $50,019.45. The disclosure for this purchase can be found here. Insiders have sold a total of 30,258 shares of company stock valued at $6,790,898 in the last ninety days. Insiders own 9.60% of the company’s stock.
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W W Grainger Profile
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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