Boston Trust Walden Corp Sells 1,576 Shares of W.W. Grainger, Inc. (NYSE:GWW)
Boston Trust Walden Corp cut its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,281 shares of the industrial products company's stock afte Boston Trust Walden Corp sold 1,576 shares of W.W. Grainger, Inc. (NYSE:GWW) in the fourth quarter, reducing its stake in the company by 2.1%. The fund now owns 74,281 shares of the industrial products company's stock, worth $61,556,000. Other institutional investors have also recently modified their holdings in W.Grainger. W.GWW traded down $13.53 during mid-day trading on Thursday. The company's last quarter reported earnings of $833.18.
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Boston Trust Walden Corp cut its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,281 shares of the industrial products company's stock after selling 1,576 shares during the period. Boston Trust Walden Corp owned 0.15% of W.W. Grainger worth $61,556,000 as of its most recent filing with the Securities and Exchange Commission.
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A number of other institutional investors also recently modified their holdings of GWW. Atria Wealth Solutions Inc. grew its position in shares of W.W. Grainger by 6.9% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 3,160 shares of the industrial products company's stock worth $2,187,000 after buying an additional 205 shares during the period. Sigma Planning Corp grew its holdings in W.W. Grainger by 23.4% during the third quarter. Sigma Planning Corp now owns 633 shares of the industrial products company's stock valued at $438,000 after purchasing an additional 120 shares during the period. US Bancorp DE grew its holdings in W.W. Grainger by 11.3% during the third quarter. US Bancorp DE now owns 71,748 shares of the industrial products company's stock valued at $49,638,000 after purchasing an additional 7,273 shares during the period. Raymond James & Associates grew its holdings in W.W. Grainger by 12.1% during the fourth quarter. Raymond James & Associates now owns 82,038 shares of the industrial products company's stock valued at $67,984,000 after purchasing an additional 8,865 shares during the period. Finally, BKM Wealth Management LLC acquired a new position in W.W. Grainger during the fourth quarter valued at approximately $915,000. 80.70% of the stock is owned by institutional investors.
A number of brokerages have weighed in on GWW. Royal Bank of Canada lifted their price target on shares of W.W. Grainger from $809.00 to $907.00 and gave the company a "sector perform" rating in a research note 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 on the stock. in a research report on Wednesday, December 20th. StockNews.com raised shares of W.W. Grainger from a "hold" rating to a "buy" rating in a research report on Saturday, March 16th. Oppenheimer raised their price target on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. raised their target price 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $913.89.
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NYSE:GWW traded down $13.53 during mid-day trading on Thursday, hitting $993.17. 157,277 shares of the company's stock were exchanged, compared to its average volume of 233,171. The company has a 50 day simple moving average of $969.73 and a 200-day simple moving average of $844.00. 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 fifty-two week low of $625.97 and a fifty-two week high of $1,034.18. The firm has a market capitalization of $48.79 billion, a P/E ratio of 27.43, a PEG ratio of 1.96 and a beta of 1.14.
W.W. Grainger (NYSE:GWW - Get Free Report) last posted its earnings results on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, topping 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 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 company earned $7.14 EPS. The firm's revenue was up 5.1% compared to the same quarter last year. As a group, research analysts expect that W.W. Grainger, Inc. will post 39.26 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were given a dividend of $1.86 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $7.44 annualized dividend and a yield of 0.75%. W.W. Grainger's dividend payout ratio is presently 20.55%.
In other news, VP Paige K. Robbins sold 3,813 shares of the business's stock in a transaction that occurred on 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 transaction, the vice president now owns 4,909 shares in the company, valued at approximately $4,756,231.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 value of $3,694,339.44. Following the completion of the sale, 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 completion of the sale, the vice president now owns 4,909 shares of the company's stock, valued at approximately $4,664,629.98. The disclosure for this sale can be found here. 9.50% of the stock is owned by corporate insiders.
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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