Cibc World Markets Corp Has $4.73 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Cibc World Markets Corp raised its stake in W.W. Grainger, Inc. (NYSE:GWWFree Report) by 132.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,706 shares of the industrial products company’s stock after acquiring an additional 3,250 shares during the period. Cibc World Markets Corp’s holdings in W.W. Grainger were worth $4,729,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of W.W. Grainger in the 4th quarter worth about $30,000. Valley National Advisers Inc. bought a new position in shares of W.W. Grainger in the fourth quarter valued at approximately $40,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of W.W. Grainger in the 4th quarter worth approximately $45,000. Friedenthal Financial acquired a new position in shares of W.W. Grainger in the 4th quarter worth approximately $45,000. Finally, CVA Family Office LLC bought a new stake in W.W. Grainger during the 4th quarter worth approximately $51,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Price Performance

Shares of GWW stock opened at $892.25 on Friday. The firm’s 50 day moving average price is $951.73 and its two-hundred day moving average price is $912.82. The stock has a market cap of $43.78 billion, a PE ratio of 24.63, a PEG ratio of 1.72 and a beta of 1.16. W.W. Grainger, Inc. has a 52-week low of $674.41 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.

W.W. Grainger (NYSE:GWWGet Free Report) last posted its earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.57 by $0.05. The company 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 revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $9.61 EPS. As a group, analysts forecast that W.W. Grainger, Inc. will post 39.34 EPS for the current year.

W.W. Grainger Increases Dividend

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

Analyst Ratings Changes

A number of research firms have commented on GWW. Stephens raised W.W. Grainger from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $1,000.00 to $1,250.00 in a research note on Monday, April 29th. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Oppenheimer raised their price target on shares of 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. Robert W. Baird downgraded W.W. Grainger from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $1,000.00 to $975.00 in a report on Wednesday, May 29th. Finally, UBS Group increased their price objective on W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $959.44.

Check Out Our Latest Research 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.

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

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