Fifth Third Bancorp Purchases 59 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Fifth Third Bancorp raised its position in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,789 shares of the industrial products company’s stock after acquiring an additional 59 shares during the quarter. Fifth Third Bancorp’s holdings in W.W. Grainger were worth $3,140,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. OFI Invest Asset Management bought a new stake in W.W. Grainger during the 3rd quarter valued at approximately $25,000. Clear Street Markets LLC bought a new stake in W.W. Grainger during the 4th quarter valued at approximately $26,000. Retirement Group LLC boosted its position in W.W. Grainger by 2,450.0% during the 4th quarter. Retirement Group LLC now owns 51 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 49 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in W.W. Grainger during the 4th quarter valued at approximately $29,000. Finally, Fairfield Bush & CO. purchased a new position in shares of W.W. Grainger during the first quarter valued at approximately $30,000. 80.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GWW shares. 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. Jefferies Financial Group lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating and set a $825.00 target price for the company. in a report on Wednesday, December 20th. JPMorgan Chase & Co. lifted their target price on shares of W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Loop Capital lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating and lifted their target price for the company from $925.00 to $1,000.00 in a report on Tuesday, February 20th. Finally, StockNews.com upgraded shares of W.W. Grainger from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $913.89.

Check Out Our Latest Stock Analysis on W.W. Grainger

W.W. Grainger Price Performance

Shares of NYSE GWW opened at $1,000.50 on Wednesday. W.W. Grainger, Inc. has a twelve month low of $625.97 and a twelve month high of $1,034.18. The firm has a market cap of $49.15 billion, a P/E ratio of 27.63, a PEG ratio of 1.99 and a beta of 1.14. The company has a 50 day moving average of $964.81 and a 200 day moving average of $841.81. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.66.

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

W.W. Grainger Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, February 9th. W.W. Grainger’s payout ratio is 20.55%.

Insider Activity

In other news, VP Paige K. Robbins sold 3,122 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were 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 owns 4,909 shares of the company’s stock, valued at approximately $4,664,629.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Paige K. Robbins sold 3,122 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total value of $2,966,586.84. Following the completion of the transaction, the vice president now owns 4,909 shares of the company’s stock, valued at approximately $4,664,629.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Paige K. Robbins sold 3,813 shares of the company’s 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 transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at approximately $4,756,231.92. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.

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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