Flinton Capital Management LLC trimmed its position in W W Grainger Inc (NYSE:GWW) by 26.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,962 shares of the industrial products company’s stock after selling 9,554 shares during the quarter. Flinton Capital Management LLC’s holdings in W W Grainger were worth $6,370,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Advisory Services Network LLC increased its stake in W W Grainger by 107.9% in the fourth quarter. Advisory Services Network LLC now owns 476 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 247 shares during the last quarter. Westside Investment Management Inc. bought a new position in W W Grainger in the third quarter valued at approximately $107,000. Fieldpoint Private Securities LLC bought a new position in W W Grainger in the third quarter valued at approximately $133,000. Tower Research Capital LLC TRC increased its stake in W W Grainger by 420.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 781 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 631 shares during the last quarter. Finally, Glenview State Bank Trust DEPT. bought a new position in W W Grainger in the fourth quarter valued at approximately $202,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on the stock. Royal Bank of Canada reissued a “sell” rating and issued a $192.00 price objective on shares of W W Grainger in a research note on Thursday, January 4th. Credit Suisse Group raised their target price on shares of W W Grainger from $190.00 to $240.00 and gave the company an “underperform” rating in a research report on Thursday, January 25th. Stifel Nicolaus restated a “hold” rating and issued a $278.00 target price on shares of W W Grainger in a research report on Friday, January 26th. Wells Fargo & Co raised their target price on shares of W W Grainger from $220.00 to $260.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, Zacks Investment Research upgraded shares of W W Grainger from a “strong sell” rating to a “hold” rating in a research report on Monday, January 22nd. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $234.38.
W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.76. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.57 billion. W W Grainger had a net margin of 5.62% and a return on equity of 35.76%. W W Grainger’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.45 earnings per share. research analysts forecast that W W Grainger Inc will post 13.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Monday, February 12th were issued a dividend of $1.28 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 1.85%. W W Grainger’s dividend payout ratio (DPR) is presently 51.10%.
In other W W Grainger news, Director Lucas E. Watson purchased 195 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were bought at an average price of $256.51 per share, for a total transaction of $50,019.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Laura D. Brown sold 9,158 shares of W W Grainger stock in a transaction 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 owns 16,893 shares in the company, valued at approximately $3,933,703.98. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by insiders.
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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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