Stonegate Investment Group LLC Acquires 88 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Stonegate Investment Group LLC grew its stake in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) by 27.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 412 shares of the industrial products company’s stock after purchasing an additional 88 shares during the quarter. Stonegate Investment Group LLC’s holdings in W.W. Grainger were worth $341,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. OFI Invest Asset Management bought a new position in W.W. Grainger during the 3rd quarter worth approximately $25,000. Coppell Advisory Solutions LLC purchased a new position in shares of W.W. Grainger in the second quarter worth $34,000. Clear Street Markets LLC bought a new stake in W.W. Grainger during the 4th quarter valued at $26,000. Cornerstone Planning Group LLC purchased a new stake in W.W. Grainger during the 2nd quarter valued at $39,000. Finally, Retirement Group LLC grew its holdings in W.W. Grainger by 2,450.0% in the 4th quarter. Retirement Group LLC now owns 51 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on GWW shares. JPMorgan Chase & Co. upped their price objective on shares of W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. UBS Group increased their price objective on W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Loop Capital cut W.W. Grainger from a “buy” rating to a “hold” rating and boosted their target price for the company from $925.00 to $1,000.00 in a research note on Tuesday, February 20th. Oppenheimer upped their target price on 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. 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 research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, W.W. Grainger presently has a consensus rating of “Hold” and an average target price of $913.89.

Read Our Latest Stock Analysis on GWW

W.W. Grainger Stock Performance

W.W. Grainger stock opened at $1,005.89 on Thursday. W.W. Grainger, Inc. has a twelve month low of $625.97 and a twelve month high of $1,034.18. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $49.42 billion, a P/E ratio of 27.78, a PEG ratio of 1.98 and a beta of 1.14. The stock’s 50 day moving average is $967.50 and its 200 day moving average is $842.96.

W.W. Grainger (NYSE:GWWGet Free Report) last released its earnings results on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, topping the consensus estimate of $8.05 by $0.28. W.W. Grainger had a return on equity of 56.54% and a net margin of 11.10%. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the previous year, the company posted $7.14 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that W.W. Grainger, Inc. will post 39.26 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

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

Insider Activity

In other news, VP Paige K. Robbins sold 3,813 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $968.88, for a total value of $3,694,339.44. Following the completion of the transaction, the vice president now owns 4,909 shares in the company, valued at $4,756,231.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other W.W. Grainger news, VP Paige K. Robbins sold 3,813 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $968.88, for a total value of $3,694,339.44. Following the completion of the transaction, the vice president now owns 4,909 shares of the company’s stock, valued at approximately $4,756,231.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Paige K. Robbins sold 3,122 shares of the company’s stock in a transaction dated 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 transaction, the vice president now owns 4,909 shares in the company, valued at approximately $4,664,629.98. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.

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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