Fmr LLC Decreases Stake in W.W. Grainger, Inc. (NYSE:GWW)
FMR LLC reduced its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 25.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,929 shares of the industrial products company’s stock after selling 46,118 shares during the period. FMR LLC owned 0.23% of W.W. Grainger worth $31,872,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Ibex Wealth Advisors bought a new position in shares of W.W. Grainger during the fourth quarter worth about $134,000. NEXT Financial Group Inc raised its position in shares of W.W. Grainger by 35.0% in the first quarter. NEXT Financial Group Inc now owns 783 shares of the industrial products company’s stock worth $151,000 after buying an additional 203 shares during the period. Mosaic Family Wealth LLC raised its position in shares of W.W. Grainger by 2.7% in the first quarter. Mosaic Family Wealth LLC now owns 840 shares of the industrial products company’s stock worth $195,000 after buying an additional 22 shares during the period. Welch & Forbes LLC raised its position in shares of W.W. Grainger by 0.3% in the first quarter. Welch & Forbes LLC now owns 865 shares of the industrial products company’s stock worth $201,000 after buying an additional 3 shares during the period. Finally, Comerica Securities Inc. acquired a new stake in W.W. Grainger during the first quarter worth $201,000. 82.43% of the stock is currently owned by institutional investors.
Shares of W.W. Grainger, Inc. (GWW) traded down 1.74% during mid-day trading on Monday, reaching $167.39. The company’s stock had a trading volume of 648,632 shares. The company has a 50-day moving average of $173.85 and a 200-day moving average of $209.15. W.W. Grainger, Inc. has a 12 month low of $160.29 and a 12 month high of $262.71. The firm has a market cap of $9.66 billion, a PE ratio of 19.30 and a beta of 0.74.
W.W. Grainger (NYSE:GWW) last issued its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.09. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.63 billion. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. W.W. Grainger’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.89 EPS. On average, analysts predict that W.W. Grainger, Inc. will post $10.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, August 10th. W.W. Grainger’s dividend payout ratio is presently 59.12%.
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A number of equities research analysts have weighed in on GWW shares. Royal Bank Of Canada reiterated a “sell” rating and set a $209.00 price target on shares of W.W. Grainger in a research note on Tuesday, April 11th. Credit Suisse Group downgraded shares of W.W. Grainger from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $235.00 to $175.00 in a research note on Wednesday, April 19th. Stephens set a $190.00 price target on shares of W.W. Grainger and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Zacks Investment Research downgraded shares of W.W. Grainger from a “hold” rating to a “strong sell” rating in a research note on Friday, April 21st. Finally, William Blair downgraded shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Monday, April 24th. Five investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $180.33.
W.W. Grainger Company Profile
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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