D.A. Davidson & CO. Raises Stake in W.W. Grainger, Inc. (NYSE:GWW)

D.A. Davidson & CO. lifted its position in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,408 shares of the industrial products company’s stock after purchasing an additional 70 shares during the period. D.A. Davidson & CO.’s holdings in W.W. Grainger were worth $2,358,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Fairfield Bush & CO. acquired a new stake in shares of W.W. Grainger during the first quarter worth $30,000. Private Advisor Group LLC raised its holdings in shares of W.W. Grainger by 2.2% during the first quarter. Private Advisor Group LLC now owns 1,067 shares of the industrial products company’s stock worth $550,000 after purchasing an additional 23 shares during the period. Cibc World Market Inc. raised its holdings in shares of W.W. Grainger by 67.9% during the first quarter. Cibc World Market Inc. now owns 789 shares of the industrial products company’s stock worth $407,000 after purchasing an additional 319 shares during the period. Sei Investments Co. raised its holdings in shares of W.W. Grainger by 33.6% during the first quarter. Sei Investments Co. now owns 26,661 shares of the industrial products company’s stock worth $13,947,000 after purchasing an additional 6,705 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of W.W. Grainger by 212.9% during the first quarter. Allianz Asset Management GmbH now owns 25,798 shares of the industrial products company’s stock worth $13,306,000 after purchasing an additional 17,553 shares during the period. 71.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GWW shares. JPMorgan Chase & Co. increased their target price on shares of W.W. Grainger from $800.00 to $925.00 and gave the stock a “neutral” rating in a report on Tuesday. Jefferies Financial Group cut shares of W.W. Grainger from a “buy” rating to a “hold” rating and set a $825.00 price objective on the stock. in a report on Wednesday, December 20th. Royal Bank of Canada increased their price objective on shares of W.W. Grainger from $809.00 to $907.00 and gave the stock a “sector perform” rating in a report on Monday, February 5th. Stephens increased their price objective on shares of W.W. Grainger from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Oppenheimer increased their price objective on shares of W.W. Grainger from $800.00 to $930.00 and gave the stock an “outperform” rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $842.22.

Get Our Latest Report on W.W. Grainger

Insider Transactions at W.W. Grainger

In other news, VP Laurie R. Thomson sold 250 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $801.50, for a total value of $200,375.00. Following the completion of the sale, the vice president now directly owns 911 shares in the company, valued at $730,166.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Paige K. Robbins sold 3,122 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the completion of the transaction, the vice president now directly owns 4,909 shares in the company, valued at approximately $4,664,629.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Laurie R. Thomson sold 250 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $801.50, for a total transaction of $200,375.00. Following the transaction, the vice president now owns 911 shares of the company’s stock, valued at $730,166.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,850 shares of company stock worth $5,121,311. 9.90% of the stock is owned by insiders.

W.W. Grainger Stock Performance

Shares of GWW opened at $959.01 on Friday. The company’s 50 day moving average price is $852.56 and its 200 day moving average price is $771.07. W.W. Grainger, Inc. has a 52 week low of $625.97 and a 52 week high of $978.95. The company has a market capitalization of $47.60 billion, a PE ratio of 26.48, a PEG ratio of 1.86 and a beta of 1.13. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.64 and a current ratio of 2.88.

W.W. Grainger (NYSE:GWWGet Free Report) last announced its quarterly earnings data on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, beating analysts’ consensus estimates of $8.05 by $0.28. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.04 billion. W.W. Grainger had a net margin of 11.10% and a return on equity of 56.54%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $7.14 earnings per share. Research analysts expect that W.W. Grainger, Inc. will post 39.24 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Monday, February 12th will be paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Friday, February 9th. W.W. Grainger’s payout ratio is 20.55%.

W.W. Grainger Profile

(Free Report)

W.W. Grainger, Inc distributes maintenance, repair, and operating 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. The company provides 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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