Vinva Investment Management Ltd lowered its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 70.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 855 shares of the industrial products company’s stock after selling 2,087 shares during the period. Vinva Investment Management Ltd’s holdings in W.W. Grainger were worth $811,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Parnassus Investments LLC bought a new position in shares of W.W. Grainger in the 3rd quarter worth about $721,202,000. Norges Bank acquired a new stake in W.W. Grainger during the second quarter worth approximately $536,916,000. Vanguard Group Inc. increased its holdings in W.W. Grainger by 4.4% in the second quarter. Vanguard Group Inc. now owns 5,627,273 shares of the industrial products company’s stock worth $5,853,714,000 after purchasing an additional 238,895 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in W.W. Grainger by 46.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 443,386 shares of the industrial products company’s stock valued at $422,529,000 after buying an additional 140,869 shares during the period. Finally, Rakuten Investment Management Inc. acquired a new position in W.W. Grainger in the third quarter valued at approximately $63,913,000. Institutional investors own 80.70% of the company’s stock.
W.W. Grainger Stock Performance
Shares of GWW stock opened at $1,106.86 on Wednesday. The company has a current ratio of 2.83, a quick ratio of 1.59 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $1,097.41 and a two-hundred day simple moving average of $1,019.60. W.W. Grainger, Inc. has a 12 month low of $893.99 and a 12 month high of $1,218.63. The firm has a market capitalization of $52.43 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10.
W.W. Grainger Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Monday, February 9th were issued a dividend of $2.26 per share. This represents a $9.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, February 9th. W.W. Grainger’s payout ratio is currently 25.54%.
Insider Activity at W.W. Grainger
In other news, VP Krantz Nancy L. Berardinelli sold 195 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $1,023.93, for a total value of $199,666.35. Following the completion of the sale, the vice president directly owned 3,174 shares of the company’s stock, valued at $3,249,953.82. This represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.10% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
GWW has been the subject of several recent analyst reports. Sanford C. Bernstein assumed coverage on shares of W.W. Grainger in a research report on Wednesday, November 12th. They set a “market perform” rating and a $975.00 price objective for the company. Weiss Ratings upgraded shares of W.W. Grainger from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Oppenheimer upped their price objective on shares of W.W. Grainger from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. raised their target price on W.W. Grainger from $1,100.00 to $1,165.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Finally, Morgan Stanley boosted their target price on W.W. Grainger from $1,100.00 to $1,190.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,071.38.
Read Our Latest Research Report on W.W. Grainger
W.W. Grainger Profile
W.W. Grainger, Inc (NYSE: GWW) is an industrial supply distributor founded in 1927 and headquartered in Lake Forest, Illinois. The company supplies maintenance, repair and operations (MRO) products and services to businesses, institutions and government customers. Over its long history Grainger has developed a broad product assortment and a national distribution network that supports operations across a range of end markets, including manufacturing, healthcare, hospitality, transportation and public sector organizations.
Grainger’s product portfolio spans core categories such as electrical and lighting, safety and personal protective equipment, material handling, motors and power transmission, plumbing and HVAC, fasteners and adhesives, hand and power tools, and janitorial and facility supplies.
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