Free Trial

New York State Teachers Retirement System Trims Stock Position in W.W. Grainger, Inc. (NYSE:GWW)

W.W. Grainger logo with Industrials background

New York State Teachers Retirement System lessened its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 4.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 42,129 shares of the industrial products company's stock after selling 1,901 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of W.W. Grainger worth $41,616,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GWW. Brighton Jones LLC grew its position in W.W. Grainger by 46.8% in the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company's stock valued at $338,000 after acquiring an additional 102 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of W.W. Grainger during the fourth quarter valued at $175,000. Private Trust Co. NA grew its holdings in shares of W.W. Grainger by 9.9% in the fourth quarter. Private Trust Co. NA now owns 200 shares of the industrial products company's stock worth $211,000 after purchasing an additional 18 shares during the last quarter. SVB Wealth LLC purchased a new position in W.W. Grainger in the 4th quarter worth about $453,000. Finally, Bridges Investment Management Inc. lifted its holdings in W.W. Grainger by 39.3% during the 4th quarter. Bridges Investment Management Inc. now owns 450 shares of the industrial products company's stock valued at $474,000 after buying an additional 127 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Stock Down 1.5%

NYSE:GWW traded down $15.61 during midday trading on Wednesday, reaching $1,036.52. 28,836 shares of the stock traded hands, compared to its average volume of 248,736. The business has a 50-day moving average of $1,058.71 and a two-hundred day moving average of $1,040.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.60 and a current ratio of 2.74. W.W. Grainger, Inc. has a 12-month low of $888.75 and a 12-month high of $1,227.66. The stock has a market capitalization of $49.79 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 2.72 and a beta of 1.18.

W.W. Grainger (NYSE:GWW - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $9.86 earnings per share for the quarter, topping the consensus estimate of $9.51 by $0.35. W.W. Grainger had a return on equity of 51.28% and a net margin of 11.08%. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the previous year, the business earned $9.62 EPS. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Monday, May 12th were given a dividend of $2.26 per share. This represents a $9.04 annualized dividend and a yield of 0.87%. The ex-dividend date was Monday, May 12th. This is an increase from W.W. Grainger's previous quarterly dividend of $2.05. W.W. Grainger's payout ratio is currently 23.21%.

Insider Buying and Selling

In other news, VP Krantz Nancy L. Berardinelli sold 280 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $1,075.20, for a total transaction of $301,056.00. Following the sale, the vice president directly owned 3,369 shares of the company's stock, valued at $3,622,348.80. The trade was a 7.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Laurie R. Thomson sold 761 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $1,042.86, for a total value of $793,616.46. Following the sale, the vice president owned 578 shares in the company, valued at approximately $602,773.08. The trade was a 56.83% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GWW shares. Wolfe Research downgraded shares of W.W. Grainger from a "peer perform" rating to an "underperform" rating and set a $966.00 target price on the stock. in a research note on Thursday, April 3rd. William Blair raised W.W. Grainger from a "market perform" rating to an "outperform" rating in a research note on Monday, March 10th. JPMorgan Chase & Co. lifted their target price on W.W. Grainger from $1,100.00 to $1,125.00 and gave the company a "neutral" rating in a research report on Tuesday, May 27th. Finally, Royal Bank Of Canada upped their target price on W.W. Grainger from $1,097.00 to $1,144.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $1,123.13.

View Our Latest Research Report on W.W. Grainger

W.W. Grainger Company Profile

(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.

Recommended Stories

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

Should You Invest $1,000 in W.W. Grainger Right Now?

Before you consider W.W. Grainger, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and W.W. Grainger wasn't on the list.

While W.W. Grainger currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in July 2025
3 Defense Stocks Under $10 With Massive Upside
NVIDIA: Another 200% Growth Ahead? (PLUS 2 Companies Riding Along)

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines