AMP Capital Investors Ltd raised its position in shares of W W Grainger Inc (NYSE:GWW) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,063 shares of the industrial products company’s stock after purchasing an additional 512 shares during the period. AMP Capital Investors Ltd owned approximately 0.08% of W W Grainger worth $16,365,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new stake in W W Grainger in the second quarter valued at approximately $178,000. Advisory Services Network LLC raised its holdings in W W Grainger by 310.2% in the second quarter. Advisory Services Network LLC now owns 1,899 shares of the industrial products company’s stock valued at $647,000 after acquiring an additional 1,436 shares in the last quarter. Aperio Group LLC raised its holdings in W W Grainger by 8.5% in the second quarter. Aperio Group LLC now owns 42,249 shares of the industrial products company’s stock valued at $13,030,000 after acquiring an additional 3,317 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in W W Grainger by 80.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,184 shares of the industrial products company’s stock valued at $1,599,000 after acquiring an additional 2,316 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in W W Grainger by 2.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 173,440 shares of the industrial products company’s stock valued at $53,489,000 after acquiring an additional 3,391 shares in the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.
GWW stock opened at $314.04 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.44 and a current ratio of 2.44. W W Grainger Inc has a twelve month low of $210.73 and a twelve month high of $372.06. The company has a market cap of $17.69 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 1.55 and a beta of 1.06.
W W Grainger (NYSE:GWW) last released its quarterly earnings data on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.23. W W Grainger had a net margin of 6.51% and a return on equity of 45.22%. The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter last year, the company earned $2.79 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, analysts predict that W W Grainger Inc will post 16.3 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Monday, November 12th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $5.44 dividend on an annualized basis and a yield of 1.73%. W W Grainger’s payout ratio is currently 47.47%.
GWW has been the topic of several analyst reports. Longbow Research reaffirmed a “hold” rating on shares of W W Grainger in a report on Wednesday, October 17th. ValuEngine cut shares of W W Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Gordon Haskett assumed coverage on shares of W W Grainger in a report on Friday, October 12th. They issued a “hold” rating on the stock. UBS Group raised their price objective on shares of W W Grainger from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Thursday, August 30th. Finally, BMO Capital Markets cut their price objective on shares of W W Grainger from $332.00 to $330.00 and set a “market perform” rating on the stock in a report on Wednesday, October 17th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $308.43.
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About W W Grainger
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.
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