CIBC Private Wealth Group LLC Sells 24 Shares of W.W. Grainger, Inc. (NYSE:GWW)

CIBC Private Wealth Group LLC cut its stake in W.W. Grainger, Inc. (NYSE:GWWFree Report) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,248 shares of the industrial products company’s stock after selling 24 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in W.W. Grainger were worth $10,149,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in W.W. Grainger by 5.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the industrial products company’s stock worth $168,000 after buying an additional 11 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of W.W. Grainger by 2.8% during the 4th quarter. Ritholtz Wealth Management now owns 436 shares of the industrial products company’s stock worth $361,000 after acquiring an additional 12 shares during the period. Alpha DNA Investment Management LLC raised its position in shares of W.W. Grainger by 4.0% in the 4th quarter. Alpha DNA Investment Management LLC now owns 339 shares of the industrial products company’s stock worth $281,000 after acquiring an additional 13 shares in the last quarter. CI Investments Inc. lifted its stake in shares of W.W. Grainger by 2.9% in the 3rd quarter. CI Investments Inc. now owns 489 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 14 shares during the period. Finally, Tsfg LLC boosted its position in shares of W.W. Grainger by 26.9% during the fourth quarter. Tsfg LLC now owns 66 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 14 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

W.W. Grainger Price Performance

Shares of NYSE GWW opened at $890.69 on Thursday. The firm has a market cap of $43.71 billion, a P/E ratio of 24.59, a PEG ratio of 1.73 and a beta of 1.16. W.W. Grainger, Inc. has a twelve month low of $661.01 and a twelve month high of $1,034.18. The company has a quick ratio of 1.33, a current ratio of 2.19 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average of $957.08 and a 200 day moving average of $913.22.

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

W.W. Grainger Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Monday, May 13th were paid a dividend of $2.05 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $8.20 annualized dividend and a yield of 0.92%. This is a boost from W.W. Grainger’s previous quarterly dividend of $1.86. W.W. Grainger’s dividend payout ratio is currently 22.64%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GWW shares. Oppenheimer raised their price objective 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. Baird R W cut shares of W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Stephens upgraded shares of W.W. Grainger from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $1,000.00 to $1,250.00 in a report on Monday, April 29th. UBS Group lifted their target price on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. Finally, StockNews.com downgraded W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $959.44.

Check Out Our Latest Stock Analysis 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.

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

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