Public Employees Retirement Association of Colorado Cuts Position in W.W. Grainger, Inc. (NYSE:GWW)

Public Employees Retirement Association of Colorado decreased its position in W.W. Grainger, Inc. (NYSE:GWWFree Report) by 98.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,197 shares of the industrial products company’s stock after selling 357,598 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in W.W. Grainger were worth $4,307,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GWW. FMR LLC grew its stake in shares of W.W. Grainger by 17.2% in the third quarter. FMR LLC now owns 1,396,928 shares of the industrial products company’s stock worth $966,451,000 after acquiring an additional 204,507 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of W.W. Grainger by 1.3% in the fourth quarter. Clearbridge Investments LLC now owns 978,154 shares of the industrial products company’s stock worth $810,586,000 after acquiring an additional 12,445 shares in the last quarter. Northern Trust Corp grew its stake in shares of W.W. Grainger by 1.8% during the third quarter. Northern Trust Corp now owns 751,855 shares of the industrial products company’s stock worth $520,163,000 after purchasing an additional 13,063 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of W.W. Grainger by 1.7% during the fourth quarter. Franklin Resources Inc. now owns 689,090 shares of the industrial products company’s stock worth $571,042,000 after purchasing an additional 11,460 shares in the last quarter. Finally, Morgan Stanley boosted its stake in W.W. Grainger by 8.3% in the third quarter. Morgan Stanley now owns 625,013 shares of the industrial products company’s stock valued at $432,411,000 after acquiring an additional 47,731 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

GWW has been the subject of several research analyst reports. Robert W. Baird downgraded shares of W.W. Grainger from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $1,000.00 to $975.00 in a research note on Wednesday, May 29th. Baird R W downgraded shares of W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Stephens raised shares of W.W. Grainger from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,000.00 to $1,250.00 in a report on Monday, April 29th. Loop Capital reduced their target price on shares of 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. Finally, UBS Group increased their price target on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. One 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 MarketBeat.com, W.W. Grainger currently has an average rating of “Hold” and an average price target of $959.44.

Get Our Latest Stock Analysis on W.W. Grainger

W.W. Grainger Trading Up 1.5 %

Shares of W.W. Grainger stock opened at $892.25 on Friday. W.W. Grainger, Inc. has a 12-month low of $674.41 and a 12-month high of $1,034.18. The company has a current ratio of 2.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The stock has a market cap of $43.78 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 1.74 and a beta of 1.16. The company has a 50-day moving average of $949.23 and a two-hundred day moving average of $913.40.

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

W.W. Grainger Increases Dividend

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

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.

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

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