Five Oceans Advisors Takes Position in W.W. Grainger, Inc. (NYSE:GWW)

Five Oceans Advisors purchased a new position in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 279 shares of the industrial products company’s stock, valued at approximately $231,000.

Other large investors have also bought and sold shares of the company. FMR LLC raised its position in shares of W.W. Grainger by 17.2% during the 3rd quarter. FMR LLC now owns 1,396,928 shares of the industrial products company’s stock valued at $966,451,000 after acquiring an additional 204,507 shares during the last quarter. Wells Fargo & Company MN lifted its stake in 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 valued at $846,989,000 after buying an additional 5,744 shares during the period. Geode Capital Management LLC boosted its holdings in W.W. Grainger by 10.8% during the first quarter. Geode Capital Management LLC now owns 1,027,150 shares of the industrial products company’s stock worth $706,047,000 after buying an additional 100,380 shares during the last quarter. Northern Trust Corp grew its position in shares of W.W. Grainger by 1.8% during the 3rd quarter. Northern Trust Corp now owns 751,855 shares of the industrial products company’s stock worth $520,163,000 after buying an additional 13,063 shares during the period. Finally, Morgan Stanley increased 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. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Paige K. Robbins sold 3,813 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $968.88, for a total value of $3,694,339.44. Following the sale, the vice president now directly owns 4,909 shares of the company’s stock, valued at approximately $4,756,231.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Paige K. Robbins sold 3,122 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $950.22, for a total value of $2,966,586.84. Following the completion of the sale, the vice president now directly owns 4,909 shares in the company, valued at approximately $4,664,629.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paige K. Robbins sold 3,813 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $968.88, for a total value 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 disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of W.W. Grainger from $800.00 to $925.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. UBS Group boosted their target price on W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Loop Capital downgraded W.W. Grainger from a “buy” rating to a “hold” rating and increased their price target for the stock from $925.00 to $1,000.00 in a report on Tuesday, February 20th. Jefferies Financial Group cut W.W. Grainger from a “buy” rating to a “hold” rating and set a $825.00 price objective on the stock. in a report on Wednesday, December 20th. Finally, Stephens boosted their price objective on W.W. Grainger from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, W.W. Grainger currently has an average rating of “Hold” and an average price target of $913.89.

Read Our Latest Stock Report on GWW

W.W. Grainger Stock Performance

Shares of W.W. Grainger stock opened at $1,009.64 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.88 and a quick ratio of 1.64. The firm has a market cap of $49.60 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 1.99 and a beta of 1.14. The stock’s 50-day moving average is $962.30 and its 200-day moving average is $839.65. W.W. Grainger, Inc. has a one year low of $625.97 and a one year high of $1,034.18.

W.W. Grainger (NYSE:GWWGet Free Report) last released 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. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.04 billion. W.W. Grainger had a return on equity of 56.54% and a net margin of 11.10%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.14 EPS. Equities analysts predict that W.W. Grainger, Inc. will post 39.26 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 12th were given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, February 9th. W.W. Grainger’s dividend payout ratio (DPR) is currently 20.55%.

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.

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

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