Gateway Investment Advisers LLC Has $801,000 Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Gateway Investment Advisers LLC raised its stake in W.W. Grainger, Inc. (NYSE:GWWFree Report) by 67.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 967 shares of the industrial products company’s stock after acquiring an additional 390 shares during the quarter. Gateway Investment Advisers LLC’s holdings in W.W. Grainger were worth $801,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in shares of W.W. Grainger during the 3rd quarter worth approximately $25,000. Clear Street Markets LLC acquired a new stake in shares of W.W. Grainger during the 4th quarter worth approximately $26,000. Retirement Group LLC grew its position in shares of W.W. Grainger by 2,450.0% during the 4th quarter. Retirement Group LLC now owns 51 shares of the industrial products company’s stock worth $28,000 after buying an additional 49 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in shares of W.W. Grainger during the 4th quarter worth approximately $29,000. Finally, Fairfield Bush & CO. acquired a new stake in shares of W.W. Grainger during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 71.24% of the company’s stock.

Insider Buying and Selling

In related news, VP Paige K. Robbins sold 3,813 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,756,231.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other W.W. Grainger news, VP Paige K. Robbins sold 3,813 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the sale, the vice president now directly owns 4,909 shares in the company, valued at $4,756,231.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Paige K. Robbins sold 3,122 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the sale, the vice president now owns 4,909 shares in the company, valued at $4,664,629.98. The disclosure for this sale can be found here. 9.90% of the stock is owned by insiders.

W.W. Grainger Stock Performance

NYSE GWW opened at $1,001.18 on Wednesday. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average price is $932.19 and its two-hundred day moving average price is $819.15. W.W. Grainger, Inc. has a 1 year low of $625.97 and a 1 year high of $1,016.89. The firm has a market capitalization of $49.19 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 1.95 and a beta of 1.14.

W.W. Grainger (NYSE:GWWGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The industrial products company reported $8.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.05 by $0.28. W.W. Grainger had a net margin of 11.10% and a return on equity of 56.54%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same period in the prior year, the firm posted $7.14 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, research analysts anticipate that W.W. Grainger, Inc. will post 39.25 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, February 9th. W.W. Grainger’s dividend payout ratio is 20.55%.

Analyst Ratings Changes

GWW has been the subject of several analyst reports. Stephens lifted their price target on shares of W.W. Grainger from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. lifted their price objective on shares of W.W. Grainger from $800.00 to $925.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. StockNews.com raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank of Canada lifted 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 research note on Monday, February 5th. Finally, Jefferies Financial Group cut shares of W.W. Grainger from a “buy” rating to a “hold” rating and set a $825.00 price target for the company. in a report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $913.89.

Read Our Latest Report on W.W. Grainger

About W.W. Grainger

(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.

Recommended Stories

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

Receive News & Ratings for W.W. Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.W. Grainger and related companies with MarketBeat.com's FREE daily email newsletter.