West Coast Financial LLC Has $14.70 Million Stake in W.W. Grainger, Inc. (NYSE:GWW)

West Coast Financial LLC lowered its position in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,447 shares of the industrial products company’s stock after selling 158 shares during the quarter. W.W. Grainger comprises 1.8% of West Coast Financial LLC’s investment portfolio, making the stock its 13th biggest holding. West Coast Financial LLC’s holdings in W.W. Grainger were worth $14,697,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in W.W. Grainger in the 4th quarter valued at about $392,470,000. Morgan Stanley boosted its holdings in W.W. Grainger by 8.3% in the 3rd quarter. Morgan Stanley now owns 625,013 shares of the industrial products company’s stock worth $432,411,000 after buying an additional 47,731 shares during the period. International Assets Investment Management LLC boosted its holdings in W.W. Grainger by 82,775.0% in the 4th quarter. International Assets Investment Management LLC now owns 43,095 shares of the industrial products company’s stock worth $35,712,000 after buying an additional 43,043 shares during the period. FIL Ltd boosted its holdings in W.W. Grainger by 21.4% in the 4th quarter. FIL Ltd now owns 240,856 shares of the industrial products company’s stock worth $199,595,000 after buying an additional 42,395 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in W.W. Grainger by 75.5% in the 4th quarter. Corient Private Wealth LLC now owns 43,087 shares of the industrial products company’s stock worth $35,706,000 after buying an additional 18,542 shares during the period. Institutional investors own 80.70% of the company’s stock.

Insider Activity at W.W. Grainger

In other news, SVP Matt Fortin sold 511 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $915.20, for a total value of $467,667.20. Following the sale, the senior vice president now owns 1,848 shares of the company’s stock, valued at $1,691,289.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on GWW shares. Erste Group Bank reissued a “hold” rating on shares of W.W. Grainger in a report on Friday, June 14th. Robert W. Baird downgraded shares of W.W. Grainger from an “outperform” rating to a “neutral” rating and cut their price target for the company from $1,000.00 to $975.00 in a report on Wednesday, May 29th. UBS Group raised 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 report on Thursday, March 14th. 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. Finally, Loop Capital lowered their price objective on shares of W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $959.44.

Check Out Our Latest Stock Analysis on GWW

W.W. Grainger Price Performance

Shares of GWW traded down $10.39 during mid-day trading on Tuesday, reaching $905.11. The stock had a trading volume of 68,533 shares, compared to its average volume of 241,001. The firm has a market cap of $44.41 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.79 and a beta of 1.16. W.W. Grainger, Inc. has a 12 month low of $674.41 and a 12 month high of $1,034.18. The business has a fifty day moving average of $931.63 and a 200 day moving average of $923.84. 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 issued its earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the prior year, the business earned $9.61 earnings per share. W.W. Grainger’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts predict that W.W. Grainger, Inc. will post 39.22 EPS for the current year.

W.W. Grainger Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Monday, May 13th were paid a dividend of $2.05 per share. This is an increase from W.W. Grainger’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Friday, May 10th. This represents a $8.20 dividend on an annualized basis and a yield of 0.91%. W.W. Grainger’s dividend payout ratio is presently 22.64%.

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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