Mackenzie Financial Corp Sells 16,393 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Mackenzie Financial Corp trimmed its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156,419 shares of the industrial products company's stock after selling 16,393 shares during the period. Mackenzie Financial Corp owned about 0.32% of W.W. Grainger worth $129,623,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Dakota Wealth Management raised its position in shares of W.W. Grainger by 9.7% during the 4th quarter. Dakota Wealth Management now owns 3,100 shares of the industrial products company's stock worth $2,569,000 after purchasing an additional 275 shares during the last quarter. Conning Inc. acquired a new position in shares of W.W. Grainger during the 4th quarter worth approximately $261,000. Vontobel Holding Ltd. raised its position in shares of W.W. Grainger by 2.6% during the 4th quarter. Vontobel Holding Ltd. now owns 66,069 shares of the industrial products company's stock worth $54,751,000 after purchasing an additional 1,656 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of W.W. Grainger by 47.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,208 shares of the industrial products company's stock worth $4,311,000 after purchasing an additional 1,685 shares during the last quarter. Finally, Simplicity Wealth LLC acquired a new position in shares of W.W. Grainger during the 4th quarter worth approximately $437,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at W.W. Grainger

In related news, VP Paige K. Robbins sold 3,813 shares of W.W. Grainger stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the transaction, the vice president now owns 4,909 shares in the company, valued at approximately $4,756,231.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Paige K. Robbins sold 3,813 shares of W.W. Grainger stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the transaction, the vice president now owns 4,909 shares in the company, valued at approximately $4,756,231.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paige K. Robbins sold 3,122 shares of W.W. Grainger stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the transaction, the vice president now owns 4,909 shares in the company, valued at approximately $4,664,629.98. The disclosure for this sale can be found here. Company insiders own 9.50% of the company's stock.

W.W. Grainger Trading Up 0.0 %

Shares of NYSE GWW traded up $0.02 during trading on Tuesday, hitting $955.44. 198,585 shares of the company traded hands, compared to its average volume of 231,844. W.W. Grainger, Inc. has a 1 year low of $641.95 and a 1 year high of $1,034.18. The company has a 50-day moving average price of $979.62 and a 200-day moving average price of $860.94. The firm has a market capitalization of $46.94 billion, a P/E ratio of 26.36, a P/E/G ratio of 1.89 and a beta of 1.14. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.66.

W.W. Grainger (NYSE:GWW - Get Free Report) last announced its quarterly earnings data on Friday, February 2nd. The industrial products company reported $8.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.05 by $0.28. W.W. Grainger had a net margin of 11.10% and a return on equity of 56.54%. The company had revenue of $4 billion during the quarter, compared to analysts' expectations of $4.04 billion. During the same period in the previous year, the company earned $7.14 EPS. The business's quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts predict that W.W. Grainger, Inc. will post 39.26 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were issued a dividend of $1.86 per share. The ex-dividend date was Friday, February 9th. This represents a $7.44 annualized dividend and a dividend yield of 0.78%. W.W. Grainger's payout ratio is 20.55%.

Wall Street Analyst Weigh In

GWW has been the subject of several research reports. Stephens lifted their price objective on W.W. Grainger from $775.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 6th. Royal Bank of Canada lifted their target price on shares of W.W. Grainger from $809.00 to $907.00 and gave the stock a "sector perform" rating in a research note on Monday, February 5th. Loop Capital cut shares of W.W. Grainger from a "buy" rating to a "hold" rating and lifted their target price for the stock from $925.00 to $1,000.00 in a research note on Tuesday, February 20th. Jefferies Financial Group cut shares of W.W. Grainger from a "buy" rating to a "hold" rating and set a $825.00 target price for the company. in a research note on Wednesday, December 20th. Finally, UBS Group lifted their target price on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the stock a "neutral" rating in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $913.89.

W.W. Grainger Company Profile

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.