State of Alaska Department of Revenue Sells 120 Shares of W.W. Grainger, Inc. (NYSE:GWW)

State of Alaska Department of Revenue lowered its position in W.W. Grainger, Inc. (NYSE:GWWFree Report) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,845 shares of the industrial products company’s stock after selling 120 shares during the quarter. State of Alaska Department of Revenue’s holdings in W.W. Grainger were worth $8,158,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. FMR LLC lifted its position in shares of W.W. Grainger by 17.2% in the 3rd quarter. FMR LLC now owns 1,396,928 shares of the industrial products company’s stock worth $966,451,000 after acquiring an additional 204,507 shares during the period. Wells Fargo & Company MN lifted its position in shares of W.W. Grainger by 0.5% during the 2nd quarter. Wells Fargo & Company MN now owns 1,074,055 shares of the industrial products company’s stock worth $846,989,000 after buying an additional 5,744 shares during the period. Geode Capital Management LLC lifted its position in shares of W.W. Grainger by 10.8% during the 1st quarter. Geode Capital Management LLC now owns 1,027,150 shares of the industrial products company’s stock worth $706,047,000 after buying an additional 100,380 shares during the period. Northern Trust Corp lifted its position in shares of W.W. Grainger by 1.8% during the 3rd quarter. Northern Trust Corp now owns 751,855 shares of the industrial products company’s stock worth $520,163,000 after buying an additional 13,063 shares during the period. Finally, Morgan Stanley lifted its position in shares of W.W. Grainger by 24.9% during the 4th quarter. Morgan Stanley now owns 654,682 shares of the industrial products company’s stock worth $364,168,000 after buying an additional 130,519 shares during the period. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Down 0.3 %

NYSE GWW opened at $1,017.30 on Friday. The stock has a fifty day moving average of $959.64 and a 200-day moving average of $836.38. The stock has a market capitalization of $49.98 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 1.99 and a beta of 1.14. W.W. Grainger, Inc. has a 52 week low of $625.97 and a 52 week high of $1,034.18. 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 released its earnings results on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, beating the consensus estimate of $8.05 by $0.28. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $4.04 billion. W.W. Grainger had a return on equity of 56.54% and a net margin of 11.10%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $7.14 EPS. On average, equities research analysts forecast that W.W. Grainger, Inc. will post 39.26 EPS for the current year.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were paid a dividend of $1.86 per share. The ex-dividend date was Friday, February 9th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 0.73%. W.W. Grainger’s dividend payout ratio (DPR) is presently 20.55%.

Analyst Upgrades and Downgrades

GWW has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on W.W. Grainger from $800.00 to $925.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Loop Capital cut W.W. Grainger from a “buy” rating to a “hold” rating and raised their price target for the company from $925.00 to $1,000.00 in a report on Tuesday, February 20th. Oppenheimer raised their price target on W.W. Grainger from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Jefferies Financial Group cut 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. Finally, StockNews.com raised W.W. Grainger from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. One investment 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. According to MarketBeat.com, W.W. Grainger presently has an average rating of “Hold” and a consensus price target of $913.89.

View Our Latest Research Report on GWW

Insider Buying and Selling

In related news, VP Paige K. Robbins sold 3,122 shares of W.W. Grainger stock in a transaction on 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 completion of the sale, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,664,629.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Paige K. Robbins sold 3,813 shares of W.W. Grainger stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the completion of the sale, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,756,231.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Paige K. Robbins sold 3,122 shares of W.W. Grainger stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $950.22, for a total value of $2,966,586.84. Following the transaction, 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. 9.50% of the stock is owned by insiders.

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.

Further Reading

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.