Keybank National Association OH Has $4.67 Million Stake in W.W. Grainger, Inc. (GWW)
Keybank National Association OH lowered its stake in W.W. Grainger, Inc. (NYSE:GWW) by 11.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,862 shares of the industrial products company’s stock after selling 3,346 shares during the period. Keybank National Association OH’s holdings in W.W. Grainger were worth $4,669,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. Candriam Luxembourg S.C.A. increased its stake in W.W. Grainger by 7.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 6,531 shares of the industrial products company’s stock valued at $1,520,000 after buying an additional 432 shares in the last quarter. Nationwide Fund Advisors increased its stake in W.W. Grainger by 43.5% in the first quarter. Nationwide Fund Advisors now owns 53,963 shares of the industrial products company’s stock valued at $12,560,000 after buying an additional 16,347 shares in the last quarter. Shell Asset Management Co. increased its stake in W.W. Grainger by 10.1% in the first quarter. Shell Asset Management Co. now owns 4,030 shares of the industrial products company’s stock valued at $938,000 after buying an additional 371 shares in the last quarter. Strs Ohio increased its stake in W.W. Grainger by 12.9% in the first quarter. Strs Ohio now owns 5,627 shares of the industrial products company’s stock valued at $1,309,000 after buying an additional 641 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in W.W. Grainger by 12.7% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 4,862 shares of the industrial products company’s stock valued at $1,131,000 after buying an additional 548 shares in the last quarter. Institutional investors own 80.55% of the company’s stock.
Shares of W.W. Grainger, Inc. (NYSE:GWW) opened at 159.64 on Thursday. The company has a market capitalization of $9.21 billion, a P/E ratio of 18.40 and a beta of 0.74. W.W. Grainger, Inc. has a one year low of $155.60 and a one year high of $262.71. The stock has a 50 day moving average price of $167.12 and a 200-day moving average price of $199.00.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.09. The business 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%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.89 earnings per share. Equities research analysts predict that W.W. Grainger, Inc. will post $10.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be paid a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Thursday, August 10th. W.W. Grainger’s dividend payout ratio (DPR) is currently 59.12%.
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Several equities research analysts have issued reports on GWW shares. TheStreet downgraded W.W. Grainger from a “b-” rating to a “c+” rating in a report on Thursday, May 11th. Royal Bank Of Canada dropped their price objective on W.W. Grainger from $166.00 to $156.00 and set an “underperform” rating on the stock in a report on Monday, May 15th. Deutsche Bank AG downgraded W.W. Grainger from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $246.00 to $145.00 in a report on Thursday, May 18th. UBS AG restated a “neutral” rating and set a $180.00 price objective (down from $275.00) on shares of W.W. Grainger in a report on Wednesday, May 24th. Finally, BMO Capital Markets restated a “hold” rating and set a $198.00 price objective on shares of W.W. Grainger in a report on Thursday, May 25th. Five equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $180.33.
About W.W. Grainger
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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