Boston Financial Mangement LLC lowered its stake in W.W. Grainger Inc. (NYSE:GWW) by 15.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,670 shares of the company’s stock after selling 1,019 shares during the period. Boston Financial Mangement LLC’s holdings in W.W. Grainger were worth $1,275,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Nuveen Asset Management LLC increased its stake in shares of W.W. Grainger by 33.3% in the first quarter. Nuveen Asset Management LLC now owns 7,184 shares of the company’s stock valued at $1,677,000 after buying an additional 1,793 shares during the period. Babson Capital Management LLC bought a new stake in shares of W.W. Grainger during the first quarter valued at about $769,000. Arizona State Retirement System increased its stake in shares of W.W. Grainger by 0.7% in the first quarter. Arizona State Retirement System now owns 15,350 shares of the company’s stock valued at $3,583,000 after buying an additional 100 shares during the period. Squarepoint Ops LLC bought a new stake in shares of W.W. Grainger during the first quarter valued at about $717,000. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of W.W. Grainger during the first quarter valued at about $257,000. Hedge funds and other institutional investors own 81.59% of the company’s stock.
Shares of W.W. Grainger Inc. (NYSE:GWW) traded up 0.16% during mid-day trading on Friday, hitting $224.98. 42,680 shares of the company traded hands. The firm’s 50 day moving average price is $214.76 and its 200-day moving average price is $222.20. The stock has a market capitalization of $13.40 billion, a PE ratio of 20.25 and a beta of 0.74. W.W. Grainger Inc. has a 1-year low of $176.85 and a 1-year high of $239.95.
W.W. Grainger (NYSE:GWW) last posted its earnings results on Tuesday, October 18th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.99 by $0.07. W.W. Grainger had a net margin of 6.81% and a return on equity of 31.67%. The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the company posted $3.03 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that W.W. Grainger Inc. will post $11.51 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.17%. The ex-dividend date is Wednesday, November 9th. W.W. Grainger’s dividend payout ratio is presently 43.88%.
A number of equities research analysts have recently weighed in on GWW shares. Zacks Investment Research upgraded shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research report on Tuesday, September 20th. RBC Capital Markets reiterated an “underperform” rating and issued a $211.00 price target on shares of W.W. Grainger in a research report on Monday, September 19th. Macquarie started coverage on shares of W.W. Grainger in a research report on Thursday, August 25th. They issued an “outperform” rating and a $274.00 price target for the company. BMO Capital Markets reiterated a “buy” rating on shares of W.W. Grainger in a research report on Wednesday, October 19th. Finally, Royal Bank Of Canada dropped their price target on shares of W.W. Grainger from $186.00 to $174.00 and set an “underperform” rating for the company in a research report on Monday, November 14th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $226.33.
About W.W. Grainger
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.