Prudential PLC Sells 1,710 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Prudential PLC reduced its holdings in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) by 38.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,705 shares of the industrial products company’s stock after selling 1,710 shares during the quarter. Prudential PLC’s holdings in W.W. Grainger were worth $2,242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in W.W. Grainger by 5.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the industrial products company’s stock worth $168,000 after purchasing an additional 11 shares during the period. Ritholtz Wealth Management grew its stake in W.W. Grainger by 2.8% in 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 during the last quarter. Copperwynd Financial LLC raised its holdings in W.W. Grainger by 3.6% in the 4th quarter. Copperwynd Financial LLC now owns 347 shares of the industrial products company’s stock valued at $288,000 after acquiring an additional 12 shares during the period. Alpha DNA Investment Management LLC lifted its position in W.W. Grainger by 4.0% during the fourth 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 during the last quarter. Finally, CI Investments Inc. boosted its holdings in shares of W.W. Grainger by 2.9% during the third quarter. CI Investments Inc. now owns 489 shares of the industrial products company’s stock worth $338,000 after acquiring an additional 14 shares during the period. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Trading Up 1.5 %

Shares of GWW opened at $892.25 on Monday. 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. The business’s fifty day moving average is $949.23 and its 200-day moving average is $914.15. The firm has a market cap of $43.78 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.74 and a beta of 1.16.

W.W. Grainger (NYSE:GWWGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.57 by $0.05. W.W. Grainger had a net margin of 10.94% and a return on equity of 54.31%. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the firm posted $9.61 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. Equities 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 announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Monday, May 13th were given a dividend of $2.05 per share. The ex-dividend date of this dividend was Friday, May 10th. This is an increase from W.W. Grainger’s previous quarterly dividend of $1.86. This represents a $8.20 annualized dividend and a yield of 0.92%. W.W. Grainger’s dividend payout ratio (DPR) is currently 22.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GWW. Baird R W lowered W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Oppenheimer lifted their target price on W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Loop Capital decreased their price target on shares of W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. StockNews.com downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, UBS Group lifted their price target on shares of 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 investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, W.W. Grainger presently has an average rating of “Hold” and a consensus price target of $959.44.

Check Out Our Latest Research Report on GWW

W.W. Grainger Company 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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