Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stake in W.W. Grainger, Inc. (NYSE:GWW)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) by 14.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,948 shares of the industrial products company’s stock after buying an additional 1,161 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in W.W. Grainger were worth $6,191,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GWW. OFI Invest Asset Management bought a new stake in W.W. Grainger during the 3rd quarter valued at $25,000. Clear Street Markets LLC bought a new stake in W.W. Grainger during the 4th quarter valued at $26,000. Horizon Bancorp Inc. IN raised its holdings in W.W. Grainger by 400.0% during the 2nd quarter. Horizon Bancorp Inc. IN now owns 35 shares of the industrial products company’s stock valued at $28,000 after buying an additional 28 shares during the last quarter. Retirement Group LLC raised its holdings in W.W. Grainger by 2,450.0% during the 4th quarter. Retirement Group LLC now owns 51 shares of the industrial products company’s stock valued at $28,000 after buying an additional 49 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new stake in W.W. Grainger during the 4th quarter valued at $29,000. 71.24% of the stock is currently owned by institutional investors.

W.W. Grainger Stock Performance

Shares of NYSE GWW opened at $959.01 on Friday. The firm’s 50-day moving average price is $852.56 and its 200-day moving average price is $771.10. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.66. The company has a market cap of $47.60 billion, a PE ratio of 26.48, a PEG ratio of 1.88 and a beta of 1.13. W.W. Grainger, Inc. has a 52-week low of $625.97 and a 52-week high of $978.95.

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

W.W. Grainger Dividend Announcement

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

Analysts Set New Price Targets

GWW has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Royal Bank of Canada upped their price objective on shares of W.W. Grainger from $809.00 to $907.00 and gave the stock a “sector perform” rating in a report on Monday, February 5th. Jefferies Financial Group lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating and set a $825.00 price objective for the company. in a report on Wednesday, December 20th. StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Finally, Oppenheimer upped their price objective on shares of W.W. Grainger from $800.00 to $930.00 and gave the stock an “outperform” rating in a report on Wednesday, January 3rd. One equities research 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $842.22.

Read Our Latest Stock Report on GWW

Insider Buying and Selling

In related news, VP Laurie R. Thomson sold 250 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $801.50, for a total value of $200,375.00. Following the transaction, the vice president now owns 911 shares of the company’s stock, valued at $730,166.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Paige K. Robbins sold 3,122 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total value of $2,966,586.84. Following the transaction, the vice president now owns 4,909 shares of the company’s stock, valued at $4,664,629.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Laurie R. Thomson sold 250 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 911 shares in the company, valued at approximately $730,166.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,850 shares of company stock valued at $5,121,311. 9.90% of the stock is owned by insiders.

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.

See Also

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

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