Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its stake in shares of W W Grainger Inc (NYSE:GWW) by 37.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,722 shares of the industrial products company’s stock after buying an additional 1,287 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in W W Grainger were worth $1,386,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of W W Grainger by 4.2% during the fourth quarter. BlackRock Inc. now owns 3,372,604 shares of the industrial products company’s stock valued at $952,290,000 after purchasing an additional 135,674 shares during the period. Longview Partners Guernsey LTD increased its position in shares of W W Grainger by 84.1% during the fourth quarter. Longview Partners Guernsey LTD now owns 3,155,394 shares of the industrial products company’s stock worth $890,957,000 after acquiring an additional 1,441,615 shares in the last quarter. Ronna Sue Cohen increased its position in shares of W W Grainger by 27,609.9% during the first quarter. Ronna Sue Cohen now owns 2,981,867 shares of the industrial products company’s stock worth $2,982,000 after acquiring an additional 2,971,106 shares in the last quarter. Northern Trust Corp increased its position in shares of W W Grainger by 8.9% during the fourth quarter. Northern Trust Corp now owns 1,245,244 shares of the industrial products company’s stock worth $351,607,000 after acquiring an additional 101,464 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of W W Grainger by 12.9% during the third quarter. TIAA CREF Investment Management LLC now owns 1,164,524 shares of the industrial products company’s stock worth $416,213,000 after acquiring an additional 133,501 shares in the last quarter. 78.04% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on GWW. Zacks Investment Research downgraded shares of W W Grainger from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Peel Hunt raised shares of W W Grainger from an “add” rating to a “buy” rating in a research report on Thursday, April 4th. Gordon Haskett downgraded shares of W W Grainger from a “hold” rating to an “underperform” rating and set a $308.99 price objective for the company. in a research report on Friday, April 12th. Buckingham Research upped their price objective on shares of W W Grainger from $309.00 to $316.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Finally, William Blair reaffirmed a “market perform” rating on shares of W W Grainger in a research report on Monday, April 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $309.13.
In related news, VP John L. Howard sold 1,211 shares of the stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $310.09, for a total transaction of $375,518.99. Following the transaction, the vice president now owns 44,934 shares of the company’s stock, valued at approximately $13,933,584.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Donald G. Macpherson sold 2,317 shares of the stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $310.03, for a total transaction of $718,339.51. Following the transaction, the chairman now directly owns 45,848 shares in the company, valued at approximately $14,214,255.44. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.
NYSE GWW traded down $13.24 on Wednesday, hitting $259.09. The stock had a trading volume of 659,301 shares, compared to its average volume of 481,423. W W Grainger Inc has a 52-week low of $258.42 and a 52-week high of $372.06. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.40 and a quick ratio of 1.36. The stock has a market capitalization of $15.05 billion, a PE ratio of 15.51, a P/E/G ratio of 1.31 and a beta of 0.96.
W W Grainger (NYSE:GWW) last posted its earnings results on Monday, April 22nd. The industrial products company reported $4.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.42 by $0.09. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.88 billion. W W Grainger had a net margin of 7.12% and a return on equity of 46.09%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $4.18 EPS. On average, research analysts anticipate that W W Grainger Inc will post 17.94 EPS for the current year.
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 given a dividend of $1.44 per share. The ex-dividend date is Friday, May 10th. This represents a $5.76 annualized dividend and a dividend yield of 2.22%. This is a boost from W W Grainger’s previous quarterly dividend of $1.36. W W Grainger’s dividend payout ratio (DPR) is 34.49%.
W W Grainger announced that its Board of Directors has initiated a share repurchase program on Wednesday, April 24th that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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W W Grainger Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.
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