Corient Private Wealth LLC Grows Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Corient Private Wealth LLC lifted its position in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) by 75.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,087 shares of the industrial products company’s stock after buying an additional 18,542 shares during the quarter. Corient Private Wealth LLC owned approximately 0.09% of W.W. Grainger worth $35,706,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in W.W. Grainger by 17.2% in 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. Clearbridge Investments LLC lifted its position in W.W. Grainger by 1.3% during the fourth quarter. Clearbridge Investments LLC now owns 978,154 shares of the industrial products company’s stock worth $810,586,000 after buying an additional 12,445 shares during the period. Northern Trust Corp boosted its stake in W.W. Grainger by 1.8% in 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 last quarter. Morgan Stanley grew its holdings in W.W. Grainger by 8.3% in the 3rd quarter. Morgan Stanley now owns 625,013 shares of the industrial products company’s stock valued at $432,411,000 after buying an additional 47,731 shares during the period. Finally, Norges Bank acquired a new position in shares of W.W. Grainger during the 4th quarter valued at about $392,470,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GWW. StockNews.com raised W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. Loop Capital decreased their target price on W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating for the company in a report on Monday, April 29th. Stephens upgraded shares of W.W. Grainger from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $1,000.00 to $1,250.00 in a report on Monday, April 29th. JPMorgan Chase & Co. boosted 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. Finally, Oppenheimer raised their target price on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $938.89.

Read Our Latest Research Report on GWW

W.W. Grainger Stock Up 0.7 %

Shares of NYSE:GWW opened at $963.36 on Thursday. The firm has a market cap of $47.27 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18. The company has a fifty day simple moving average of $971.59 and a 200 day simple moving average of $903.59. The company has a current ratio of 2.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. W.W. Grainger, Inc. has a 12-month low of $641.95 and a 12-month high of $1,034.18.

W.W. Grainger (NYSE:GWWGet Free Report) last issued its earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share for the quarter, topping analysts’ consensus estimates of $9.57 by $0.05. W.W. Grainger had a net margin of 10.94% and a return on equity of 54.31%. The company had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the prior year, the company earned $9.61 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that W.W. Grainger, Inc. will post 39.34 EPS for the current fiscal year.

W.W. Grainger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Monday, May 13th will be paid a dividend of $2.05 per share. This is an increase from W.W. Grainger’s previous quarterly dividend of $1.86. This represents a $8.20 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, May 10th. W.W. Grainger’s dividend payout ratio is presently 22.64%.

Insiders Place Their Bets

In other news, VP Paige K. Robbins sold 3,813 shares of the business’s 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 completion of the transaction, the vice president now owns 4,909 shares of the company’s stock, valued at $4,756,231.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 9.50% of the stock is owned by corporate insiders.

About W.W. Grainger

(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.

Read More

Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.W. Grainger, Inc. (NYSE:GWWFree Report).

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

Receive News & Ratings for W.W. Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.W. Grainger and related companies with MarketBeat.com's FREE daily email newsletter.