Mackenzie Financial Corp decreased its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 38.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,298 shares of the industrial products company's stock after selling 50,506 shares during the period. Mackenzie Financial Corp owned 0.16% of W.W. Grainger worth $84,638,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of W.W. Grainger by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,330,688 shares of the industrial products company's stock valued at $5,618,812,000 after buying an additional 40,376 shares in the last quarter. Geode Capital Management LLC lifted its stake in W.W. Grainger by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 1,194,747 shares of the industrial products company's stock valued at $1,256,400,000 after acquiring an additional 27,716 shares during the last quarter. Northern Trust Corp lifted its stake in W.W. Grainger by 14.2% in the fourth quarter. Northern Trust Corp now owns 681,912 shares of the industrial products company's stock valued at $718,769,000 after acquiring an additional 84,595 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in W.W. Grainger by 6.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 584,854 shares of the industrial products company's stock worth $616,465,000 after acquiring an additional 37,894 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of W.W. Grainger by 28.9% during the 4th quarter. Invesco Ltd. now owns 514,326 shares of the industrial products company's stock valued at $542,126,000 after purchasing an additional 115,290 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.
Insiders Place Their Bets
In related news, VP Laurie R. Thomson sold 761 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $1,042.86, for a total value of $793,616.46. Following the sale, the vice president now owns 578 shares of the company's stock, valued at $602,773.08. The trade was a 56.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Krantz Nancy L. Berardinelli sold 280 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $1,075.20, for a total transaction of $301,056.00. Following the sale, the vice president now directly owns 3,369 shares in the company, valued at $3,622,348.80. This represents a 7.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $2,255,320 over the last 90 days. Corporate insiders own 6.10% of the company's stock.
Analysts Set New Price Targets
GWW has been the subject of a number of recent research reports. William Blair upgraded shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a report on Monday, March 10th. Wolfe Research downgraded W.W. Grainger from a "peer perform" rating to an "underperform" rating and set a $966.00 price target for the company. in a research note on Thursday, April 3rd. Royal Bank of Canada increased their price objective on W.W. Grainger from $1,097.00 to $1,144.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. boosted their target price on W.W. Grainger from $1,100.00 to $1,125.00 and gave the stock a "neutral" rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $1,123.13.
Check Out Our Latest Report on W.W. Grainger
W.W. Grainger Stock Performance
GWW stock traded up $3.42 on Thursday, reaching $1,084.48. 150,348 shares of the company were exchanged, compared to its average volume of 253,646. The firm has a market capitalization of $52.10 billion, a PE ratio of 28.02, a PEG ratio of 2.70 and a beta of 1.24. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66. The stock's fifty day moving average price is $1,018.56 and its 200 day moving average price is $1,062.31. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.49 and a quick ratio of 1.49.
W.W. Grainger (NYSE:GWW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $9.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.51 by $0.35. W.W. Grainger had a net margin of 11.12% and a return on equity of 52.43%. The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the previous year, the firm posted $9.62 EPS. The business's revenue was up 1.7% compared to the same quarter last year. On average, research analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.
W.W. Grainger Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Monday, May 12th will be given a $2.26 dividend. This is a boost from W.W. Grainger's previous quarterly dividend of $2.05. This represents a $9.04 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Monday, May 12th. W.W. Grainger's dividend payout ratio (DPR) is 23.21%.
W.W. Grainger Company Profile
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Free Report)
W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.
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