W.W. Grainger, Inc. (NYSE:GWW) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its holdings in W.W. Grainger, Inc. (NYSE:GWWGet Rating) by 6.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 841,238 shares of the industrial products company’s stock after selling 55,984 shares during the period. Bank of America Corp DE’s holdings in W.W. Grainger were worth $433,902,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Private Advisor Group LLC acquired a new position in W.W. Grainger during the 4th quarter worth about $541,000. Equitable Holdings Inc. raised its position in W.W. Grainger by 4.1% in the 4th quarter. Equitable Holdings Inc. now owns 892 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 35 shares in the last quarter. MAI Capital Management raised its position in W.W. Grainger by 2.4% in the 4th quarter. MAI Capital Management now owns 1,171 shares of the industrial products company’s stock valued at $607,000 after purchasing an additional 27 shares in the last quarter. Ensign Peak Advisors Inc raised its position in W.W. Grainger by 92.4% in the 4th quarter. Ensign Peak Advisors Inc now owns 19,454 shares of the industrial products company’s stock valued at $10,083,000 after purchasing an additional 9,344 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in W.W. Grainger by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 219,702 shares of the industrial products company’s stock valued at $113,860,000 after purchasing an additional 4,615 shares in the last quarter. Institutional investors and hedge funds own 71.33% of the company’s stock.

Insider Buying and Selling

In other W.W. Grainger news, VP Paige K. Robbins sold 2,330 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $500.03, for a total transaction of $1,165,069.90. Following the completion of the sale, the vice president now directly owns 11,996 shares of the company’s stock, valued at approximately $5,998,359.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.00% of the stock is currently owned by company insiders.

W.W. Grainger Trading Down 1.3 %

NYSE:GWW opened at $526.16 on Monday. The stock’s 50 day moving average price is $537.40 and its 200 day moving average price is $504.94. The company has a market capitalization of $26.77 billion, a PE ratio of 20.76, a P/E/G ratio of 1.44 and a beta of 1.21. The company has a quick ratio of 1.44, a current ratio of 2.58 and a debt-to-equity ratio of 0.94. W.W. Grainger, Inc. has a 52-week low of $391.16 and a 52-week high of $588.62.

W.W. Grainger (NYSE:GWWGet Rating) last released its quarterly earnings results on Friday, July 29th. The industrial products company reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.65 by $0.54. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.69 billion. W.W. Grainger had a return on equity of 57.59% and a net margin of 9.23%. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the business posted $4.27 EPS. On average, research analysts anticipate that W.W. Grainger, Inc. will post 28.07 EPS for the current year.

W.W. Grainger Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 8th were paid a dividend of $1.72 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $6.88 dividend on an annualized basis and a yield of 1.31%. W.W. Grainger’s dividend payout ratio is presently 27.14%.

Analyst Upgrades and Downgrades

GWW has been the topic of a number of analyst reports. Royal Bank of Canada increased their price target on W.W. Grainger from $399.00 to $422.00 and gave the company an “underperform” rating in a research report on Monday, August 1st. StockNews.com lowered W.W. Grainger from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 16th. Stephens increased their price objective on W.W. Grainger from $565.00 to $600.00 and gave the company an “equal weight” rating in a report on Monday, August 1st. Morgan Stanley increased their price objective on W.W. Grainger from $421.00 to $448.00 and gave the company an “underweight” rating in a report on Monday, August 1st. Finally, Robert W. Baird increased their price objective on W.W. Grainger from $505.00 to $600.00 and gave the company an “outperform” rating in a report on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $518.57.

W.W. Grainger Company Profile

(Get Rating)

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. It offers safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.

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

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