ING Groep NV Cuts Stake in W.W. Grainger, Inc. (NYSE:GWW)

ING Groep NV lowered its holdings in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) by 75.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,948 shares of the industrial products company’s stock after selling 15,099 shares during the period. ING Groep NV’s holdings in W.W. Grainger were worth $4,100,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Ritholtz Wealth Management grew its holdings in W.W. Grainger by 2.8% during the 4th quarter. Ritholtz Wealth Management now owns 436 shares of the industrial products company’s stock valued at $361,000 after buying an additional 12 shares in the last quarter. CI Investments Inc. grew its holdings in W.W. Grainger by 2.9% during the 3rd quarter. CI Investments Inc. now owns 489 shares of the industrial products company’s stock valued at $338,000 after buying an additional 14 shares in the last quarter. Tsfg LLC grew its holdings in W.W. Grainger by 26.9% during the 4th quarter. Tsfg LLC now owns 66 shares of the industrial products company’s stock valued at $55,000 after buying an additional 14 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in W.W. Grainger by 1.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 927 shares of the industrial products company’s stock valued at $641,000 after buying an additional 15 shares in the last quarter. Finally, Quent Capital LLC grew its holdings in W.W. Grainger by 5.0% during the 4th quarter. Quent Capital LLC now owns 314 shares of the industrial products company’s stock valued at $261,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Price Performance

Shares of GWW stock opened at $952.20 on Tuesday. W.W. Grainger, Inc. has a 52-week low of $641.95 and a 52-week high of $1,034.18. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 2.19. The firm has a market capitalization of $46.72 billion, a P/E ratio of 26.29, a P/E/G ratio of 1.85 and a beta of 1.18. The stock has a 50 day moving average price of $972.16 and a 200 day moving average price of $901.84.

W.W. Grainger (NYSE:GWWGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.57 by $0.05. W.W. Grainger had a return on equity of 54.31% and a net margin of 10.94%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the company earned $9.61 EPS. W.W. Grainger’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts predict that W.W. Grainger, Inc. will post 39.34 earnings per share for the current year.

W.W. Grainger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Monday, May 13th will be paid a dividend of $2.05 per share. This is a positive change from W.W. Grainger’s previous quarterly dividend of $1.86. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, May 10th. W.W. Grainger’s dividend payout ratio (DPR) is currently 22.64%.

Analyst Ratings Changes

Several research firms have weighed in on GWW. Loop Capital cut their price target on W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating for the company in a report on Monday, April 29th. 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. UBS Group lifted their target price on W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. StockNews.com upgraded W.W. Grainger from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Finally, JPMorgan Chase & Co. lifted their target price on W.W. Grainger from $800.00 to $925.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $938.89.

View Our Latest Report on GWW

Insider Buying and Selling

In other W.W. Grainger 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 approximately $4,756,231.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 9.50% of the stock is owned by corporate insiders.

W.W. Grainger Profile

(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

Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.W. Grainger, Inc. (NYSE:GWWFree Report).

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.