W W Grainger Inc (GWW) Holdings Lifted by California Public Employees Retirement System
California Public Employees Retirement System grew its position in W W Grainger Inc (NYSE:GWW) by 20.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,493 shares of the industrial products company’s stock after buying an additional 33,423 shares during the quarter. California Public Employees Retirement System’s holdings in W W Grainger were worth $47,366,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tredje AP fonden boosted its holdings in shares of W W Grainger by 32.2% in the third quarter. Tredje AP fonden now owns 3,450 shares of the industrial products company’s stock worth $620,000 after buying an additional 840 shares during the period. Ronna Sue Cohen acquired a new position in shares of W W Grainger in the third quarter worth about $3,651,000. MU Investments Co. Ltd. boosted its holdings in shares of W W Grainger by 29.2% in the fourth quarter. MU Investments Co. Ltd. now owns 24,800 shares of the industrial products company’s stock worth $5,901,000 after buying an additional 5,600 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of W W Grainger by 4.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 12,728 shares of the industrial products company’s stock worth $3,007,000 after buying an additional 550 shares during the period. Finally, Pinebridge Investments L.P. boosted its holdings in shares of W W Grainger by 47.1% in the third quarter. Pinebridge Investments L.P. now owns 5,128 shares of the industrial products company’s stock worth $921,000 after buying an additional 1,642 shares during the period. Institutional investors own 85.84% of the company’s stock.
Several brokerages have commented on GWW. Stifel Nicolaus reiterated a “hold” rating and issued a $278.00 target price on shares of W W Grainger in a report on Friday, January 26th. Zacks Investment Research upgraded shares of W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 price target for the company in a report on Tuesday, January 30th. Stephens restated a “hold” rating and set a $264.00 price target on shares of W W Grainger in a report on Thursday, January 25th. Robert W. Baird upgraded shares of W W Grainger from a “neutral” rating to a “buy” rating in a report on Thursday, January 25th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $206.00 price target on shares of W W Grainger in a report on Thursday, January 25th. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $234.38.
W W Grainger (NYSE:GWW) last issued its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.76. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.57 billion. W W Grainger had a net margin of 5.62% and a return on equity of 35.76%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.45 earnings per share. equities analysts expect that W W Grainger Inc will post 13.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 1.89%. The ex-dividend date is Friday, February 9th. W W Grainger’s payout ratio is presently 44.68%.
In other W W Grainger news, Director Lucas E. Watson acquired 195 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average price of $256.51 per share, with a total value of $50,019.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Laura D. Brown sold 9,158 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $232.86, for a total transaction of $2,132,531.88. Following the transaction, the vice president now directly owns 16,893 shares in the company, valued at approximately $3,933,703.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,258 shares of company stock worth $6,790,898. Insiders own 9.60% of the company’s stock.
W W Grainger Company Profile
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.
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