W.W. Grainger, Inc. (NYSE:GWW) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co lowered its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,175 shares of the industrial products company’s stock after selling 94 shares during the period. Fiduciary Trust Co’s holdings in W.W. Grainger were worth $3,460,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in W.W. Grainger by 5.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the industrial products company’s stock worth $168,000 after buying an additional 11 shares during the period. Ritholtz Wealth Management grew its stake in W.W. Grainger by 2.8% during the 4th quarter. Ritholtz Wealth Management now owns 436 shares of the industrial products company’s stock valued at $361,000 after acquiring an additional 12 shares in the last quarter. CI Investments Inc. boosted its stake in shares of W.W. Grainger by 2.9% during the 3rd quarter. CI Investments Inc. now owns 489 shares of the industrial products company’s stock valued at $338,000 after buying an additional 14 shares during the period. Tsfg LLC grew its holdings in shares of W.W. Grainger by 26.9% during the 4th quarter. Tsfg LLC now owns 66 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 14 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of W.W. Grainger by 1.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 927 shares of the industrial products company’s stock worth $641,000 after purchasing an additional 15 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Stock Down 0.5 %

Shares of W.W. Grainger stock traded down $4.93 during trading on Thursday, reaching $905.64. The stock had a trading volume of 193,025 shares, compared to its average volume of 235,675. The company has a current ratio of 2.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $44.44 billion, a price-to-earnings ratio of 25.15, a P/E/G ratio of 1.84 and a beta of 1.18. W.W. Grainger, Inc. has a 52 week low of $641.95 and a 52 week high of $1,034.18. The stock has a fifty day moving average price of $966.39 and a two-hundred day moving average price of $909.48.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share for the quarter, topping the consensus estimate of $9.57 by $0.05. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.26 billion. W.W. Grainger had a net margin of 10.94% and a return on equity of 54.31%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $9.61 EPS. Sell-side analysts predict 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. Stockholders of record on Monday, May 13th will be issued a $2.05 dividend. This is a boost from W.W. Grainger’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Friday, May 10th. This represents a $8.20 annualized dividend and a dividend yield of 0.91%. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.64%.

Analyst Ratings Changes

GWW has been the topic of a number of recent analyst reports. Stephens upgraded W.W. Grainger from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $1,000.00 to $1,250.00 in a research note on Monday, April 29th. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Robert W. Baird lowered W.W. Grainger from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $1,000.00 to $975.00 in a research note on Wednesday. Finally, UBS Group lifted their price target on W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $959.44.

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.