D.A. Davidson & CO. Has $2.36 Million Stake in W.W. Grainger, Inc. (NYSE:GWW)

D.A. Davidson & CO. grew its holdings in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,408 shares of the industrial products company’s stock after purchasing an additional 70 shares during the quarter. D.A. Davidson & CO.’s holdings in W.W. Grainger were worth $2,358,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GWW. BlackRock Inc. grew its holdings in shares of W.W. Grainger by 7.2% during the 2nd quarter. BlackRock Inc. now owns 4,372,006 shares of the industrial products company’s stock valued at $3,447,721,000 after purchasing an additional 294,558 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of W.W. Grainger by 0.5% in the second quarter. Wells Fargo & Company MN now owns 1,074,055 shares of the industrial products company’s stock worth $846,989,000 after buying an additional 5,744 shares during the period. Geode Capital Management LLC lifted its stake in shares of W.W. Grainger by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,054,372 shares of the industrial products company’s stock valued at $829,498,000 after acquiring an additional 27,222 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of W.W. Grainger by 0.4% in the 2nd quarter. Franklin Resources Inc. now owns 679,030 shares of the industrial products company’s stock valued at $535,476,000 after acquiring an additional 2,661 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of W.W. Grainger by 24.9% in the 4th quarter. Morgan Stanley now owns 654,682 shares of the industrial products company’s stock valued at $364,168,000 after acquiring an additional 130,519 shares during the last quarter. 71.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Stephens boosted their target price on W.W. Grainger from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a research report on Tuesday. StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Royal Bank of Canada upped their price target on W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a research report on Monday, February 5th. Finally, Jefferies Financial Group downgraded W.W. Grainger from a “buy” rating to a “hold” rating and set a $825.00 price target on the stock. in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, W.W. Grainger presently has an average rating of “Hold” and a consensus target price of $842.22.

Read Our Latest Stock Report on W.W. Grainger

W.W. Grainger Stock Performance

Shares of GWW opened at $959.01 on Friday. The business’s fifty day simple moving average is $852.56 and its two-hundred day simple moving average is $771.07. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.66. W.W. Grainger, Inc. has a 12 month low of $625.97 and a 12 month high of $978.95. The company has a market cap of $47.60 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 1.86 and a beta of 1.13.

W.W. Grainger (NYSE:GWWGet Free Report) last issued its earnings results on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, beating the consensus estimate of $8.05 by $0.28. W.W. Grainger had a return on equity of 56.54% and a net margin of 11.10%. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period last year, the business posted $7.14 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. Research analysts anticipate that W.W. Grainger, Inc. will post 39.24 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

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

Insider Buying and Selling at W.W. Grainger

In other news, CEO Donald G. Macpherson sold 2,478 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $788.68, for a total transaction of $1,954,349.04. Following the transaction, the chief executive officer now directly owns 90,145 shares of the company’s stock, valued at approximately $71,095,558.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Laurie R. Thomson sold 250 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $801.50, for a total transaction of $200,375.00. Following the transaction, the vice president now directly owns 911 shares of the company’s stock, valued at approximately $730,166.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Donald G. Macpherson sold 2,478 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $788.68, for a total value of $1,954,349.04. Following the completion of the transaction, the chief executive officer now directly owns 90,145 shares in the company, valued at $71,095,558.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,850 shares of company stock worth $5,121,311. Insiders own 9.90% of the company’s stock.

W.W. Grainger Company Profile

(Free Report)

W.W. Grainger, Inc distributes maintenance, repair, and operating products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.

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

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