M&T Bank Corp decreased its holdings in shares of W W Grainger Inc (NYSE:GWW) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,723 shares of the industrial products company’s stock after selling 958 shares during the quarter. M&T Bank Corp’s holdings in W W Grainger were worth $4,896,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Longview Partners Guernsey LTD raised its stake in W W Grainger by 33.2% during the third quarter. Longview Partners Guernsey LTD now owns 5,001,477 shares of the industrial products company’s stock worth $899,015,000 after acquiring an additional 1,245,771 shares in the last quarter. Mackenzie Financial Corp raised its stake in W W Grainger by 13.0% during the third quarter. Mackenzie Financial Corp now owns 2,103,608 shares of the industrial products company’s stock worth $378,124,000 after acquiring an additional 242,827 shares in the last quarter. Ameriprise Financial Inc. raised its stake in W W Grainger by 224.7% during the third quarter. Ameriprise Financial Inc. now owns 1,225,728 shares of the industrial products company’s stock worth $220,325,000 after acquiring an additional 848,192 shares in the last quarter. Neuberger Berman Group LLC raised its stake in W W Grainger by 6.1% during the third quarter. Neuberger Berman Group LLC now owns 904,416 shares of the industrial products company’s stock worth $162,569,000 after acquiring an additional 51,995 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in W W Grainger by 81.0% during the third quarter. Bank of New York Mellon Corp now owns 730,951 shares of the industrial products company’s stock worth $131,388,000 after acquiring an additional 327,085 shares in the last quarter. 85.84% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on GWW shares. Royal Bank of Canada boosted their target price on W W Grainger from $145.00 to $146.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 18th. BMO Capital Markets reissued a “market perform” rating and set a $194.00 target price (up previously from $178.00) on shares of W W Grainger in a research note on Wednesday, October 18th. Wells Fargo & Co set a $210.00 target price on W W Grainger and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Oppenheimer raised W W Grainger from a “market perform” rating to an “outperform” rating and set a $245.00 target price for the company in a research note on Wednesday, October 18th. Finally, Morgan Stanley set a $185.00 target price on W W Grainger and gave the stock a “sell” rating in a research note on Wednesday, October 18th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $234.38.

In other W W Grainger news, VP Laura D. Brown sold 9,158 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $232.86, for a total transaction of $2,132,531.88. Following the transaction, the vice president now directly owns 16,893 shares in the company, valued at approximately $3,933,703.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lucas E. Watson purchased 195 shares of the business’s stock in a transaction on Monday, February 5th. The shares were acquired at an average price of $256.51 per share, for a total transaction of $50,019.45. The disclosure for this purchase can be found here. Insiders have sold a total of 30,258 shares of company stock worth $6,790,898 over the last 90 days. Company insiders own 9.60% of the company’s stock.

Shares of W W Grainger Inc (NYSE GWW) opened at $271.37 on Wednesday. W W Grainger Inc has a twelve month low of $155.00 and a twelve month high of $298.14. The company has a market capitalization of $15,176.68, a P/E ratio of 27.08, a P/E/G ratio of 2.01 and a beta of 0.88. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 1.23.

W W Grainger (NYSE:GWW) last announced its earnings results on Wednesday, January 24th. The industrial products company reported $2.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.76. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the prior year, the business posted $2.45 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. equities analysts predict that W W Grainger Inc will post 13.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, February 9th. W W Grainger’s payout ratio is 51.10%.

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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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Institutional Ownership by Quarter for W W Grainger (NYSE:GWW)

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