Keybank National Association OH Sells 490 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Keybank National Association OH lowered its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,372 shares of the industrial products company’s stock after selling 490 shares during the quarter. Keybank National Association OH’s holdings in W.W. Grainger were worth $8,825,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of GWW. Swedbank AB lifted its position in shares of W.W. Grainger by 23.5% during the 3rd quarter. Swedbank AB now owns 193,888 shares of the industrial products company’s stock worth $201,413,000 after buying an additional 36,892 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of W.W. Grainger by 10.6% in the 3rd quarter. Van ECK Associates Corp now owns 12,357 shares of the industrial products company’s stock worth $13,500,000 after purchasing an additional 1,181 shares during the period. QRG Capital Management Inc. raised its holdings in shares of W.W. Grainger by 16.8% in the 3rd quarter. QRG Capital Management Inc. now owns 2,581 shares of the industrial products company’s stock worth $2,681,000 after purchasing an additional 371 shares during the period. Amalgamated Bank raised its holdings in shares of W.W. Grainger by 10.5% in the 3rd quarter. Amalgamated Bank now owns 10,304 shares of the industrial products company’s stock worth $10,704,000 after purchasing an additional 977 shares during the period. Finally, Crestwood Advisors Group LLC raised its holdings in shares of W.W. Grainger by 4.9% in the 3rd quarter. Crestwood Advisors Group LLC now owns 323 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 15 shares during the period. Institutional investors own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GWW. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. lowered their price target on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Morgan Stanley lifted their price target on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 19th. Royal Bank of Canada lowered their price target on shares of W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating on the stock in a report on Monday, February 3rd. Finally, UBS Group began coverage on shares of W.W. Grainger in a report on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $1,151.50.

W.W. Grainger Stock Down 0.4 %

W.W. Grainger stock opened at $985.19 on Thursday. The firm has a 50 day simple moving average of $1,059.45 and a 200 day simple moving average of $1,076.06. The firm has a market capitalization of $47.50 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 2.70 and a beta of 1.17. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. W.W. Grainger, Inc. has a 1-year low of $874.98 and a 1-year high of $1,227.66.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Friday, January 31st. The industrial products company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.04). W.W. Grainger had a net margin of 11.12% and a return on equity of 52.43%. During the same quarter in the previous year, the business earned $8.33 EPS. On average, analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were given a dividend of $2.05 per share. The ex-dividend date was Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.83%. W.W. Grainger’s dividend payout ratio (DPR) is currently 21.18%.

W.W. Grainger Profile

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.