Federated Hermes Inc. Has $9.08 Million Position in W.W. Grainger, Inc. (NYSE:GWW)

Federated Hermes Inc. cut its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 47.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,954 shares of the industrial products company’s stock after selling 9,761 shares during the quarter. Federated Hermes Inc.’s holdings in W.W. Grainger were worth $9,077,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. raised its position in shares of W.W. Grainger by 6.9% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 3,160 shares of the industrial products company’s stock worth $2,187,000 after acquiring an additional 205 shares in the last quarter. Sigma Planning Corp raised its position in shares of W.W. Grainger by 23.4% in the 3rd quarter. Sigma Planning Corp now owns 633 shares of the industrial products company’s stock worth $438,000 after acquiring an additional 120 shares in the last quarter. US Bancorp DE raised its position in shares of W.W. Grainger by 11.3% in the 3rd quarter. US Bancorp DE now owns 71,748 shares of the industrial products company’s stock worth $49,638,000 after acquiring an additional 7,273 shares in the last quarter. Raymond James & Associates raised its position in shares of W.W. Grainger by 12.1% in the 4th quarter. Raymond James & Associates now owns 82,038 shares of the industrial products company’s stock worth $67,984,000 after acquiring an additional 8,865 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of W.W. Grainger by 82,775.0% in the 4th quarter. International Assets Investment Management LLC now owns 43,095 shares of the industrial products company’s stock worth $35,712,000 after acquiring an additional 43,043 shares in the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at W.W. Grainger

In other news, VP Paige K. Robbins sold 3,122 shares of the business’s stock in a transaction that occurred on 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 approximately $4,664,629.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Paige K. Robbins sold 3,122 shares of the business’s stock in a transaction that occurred on 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 approximately $4,664,629.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Paige K. Robbins sold 3,813 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $968.88, for a total value of $3,694,339.44. Following the completion of the transaction, the vice president now owns 4,909 shares in the company, valued at approximately $4,756,231.92. The disclosure for this sale can be found here. Company insiders own 9.50% of the company’s stock.

W.W. Grainger Stock Performance

Shares of GWW opened at $958.32 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.64 and a current ratio of 2.88. The stock has a 50 day moving average price of $980.01 and a two-hundred day moving average price of $872.05. The firm has a market capitalization of $47.09 billion, a P/E ratio of 26.47, a P/E/G ratio of 1.85 and a beta of 1.14. W.W. Grainger, Inc. has a 52 week low of $641.95 and a 52 week high of $1,034.18.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, topping analysts’ consensus estimates of $8.05 by $0.28. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $4.04 billion. W.W. Grainger had a return on equity of 56.54% and a net margin of 11.10%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $7.14 EPS. Equities analysts forecast that W.W. Grainger, Inc. will post 39.26 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

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

Wall Street Analysts Forecast Growth

GWW has been the subject of several research analyst reports. StockNews.com raised W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Saturday, March 16th. Stephens boosted their target price on W.W. Grainger from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. boosted their target price on W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Oppenheimer boosted their target price on W.W. Grainger from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Finally, Royal Bank of Canada boosted their target price on W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a research report on Monday, February 5th. 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. Based on data from MarketBeat, W.W. Grainger has an average rating of “Hold” and an average target price of $913.89.

W.W. Grainger Company Profile

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.