1 week Ago By ABMN Staff
Wellington Management Group LLP reduced its position in W.W. Grainger, Inc.
( NYSE:GWW – Free Report ) by 10.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,975 shares of the industrial products company’s stock after selling 486 shares during the period.
Wellington Management Group LLP’s holdings in W.W. Grainger were worth $4,190,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in GWW. Norges Bank acquired a new position in W.W.
Grainger in the fourth quarter valued at $535,910,000. Raymond James Financial Inc. acquired a new position in shares of W.
W. Grainger during the 4th quarter valued at about $267,529,000. Proficio Capital Partners LLC purchased a new position in shares of W.
W. Grainger during the 4th quarter worth about $175,000. AustralianSuper Pty Ltd boosted its position in shares of W.
W. Grainger by 694.1% in the fourth quarter.
AustralianSuper Pty Ltd now owns 76,674 shares of the industrial products company’s stock worth $80,818,000 after acquiring an additional 67,018 shares during the last quarter. Finally, Amundi grew its holdings in W.W.
Grainger by 14.7% in the fourth quarter. Amundi now owns 459,536 shares of the industrial products company’s stock valued at $491,170,000 after purchasing an additional 58,978 shares during the period.
Hedge funds and other institutional investors own 80.70% of the company’s stock. W.
W. Grainger Trading Up 3.4 % NYSE GWW opened at $992.
88 on Friday. The stock has a market cap of $47.87 billion, a P/E ratio of 25.
65, a PEG ratio of 2.70 and a beta of 1.20.
The company’s fifty day simple moving average is $993.18 and its 200-day simple moving average is $1,072.13.
The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.
62. W.W.
Grainger, Inc. has a 52 week low of $874.98 and a 52 week high of $1,227.
66. W.W.
Grainger Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were issued a $2.05 dividend.
This represents a $8.20 dividend on an annualized basis and a yield of 0.83%.
The ex-dividend date of this dividend was Monday, February 10th. W.W.
Grainger’s dividend payout ratio is currently 21.18%. Insider Buying and Selling at W.
W. Grainger In other W.W.
Grainger news, CFO Deidra C. Merriwether sold 1,164 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $997.
12, for a total transaction of $1,160,647.68. Following the transaction, the chief financial officer now directly owns 10,235 shares in the company, valued at $10,205,523.
20. This represents a 10.21 % decrease in their position.
The transaction was disclosed in a legal filing with the SEC, which is available through this link . 6.10% of the stock is owned by insiders.
Analyst Ratings Changes A number of research firms have weighed in on GWW. William Blair raised shares of W.W.
Grainger from a “market perform” rating to an “outperform” rating in a research note on Monday, March 10th. StockNews.com downgraded W.
W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. Royal Bank of Canada cut their price objective on W.
W. Grainger from $1,113.00 to $1,112.
00 and set a “sector perform” rating on the stock in a report on Monday, February 3rd. Wolfe Research cut W.W.
Grainger from a “peer perform” rating to an “underperform” rating and set a $966.00 target price for the company. in a report on Thursday, April 3rd.
Finally, JPMorgan Chase & Co. cut their price target on shares of W.W.
Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd.
Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,130.
89. Get Our Latest Stock Report on GWW W.W.
Grainger Company 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. Further Reading 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:GWW – Free Report ).
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