SVB Wealth LLC Purchases 108 Shares of W.W. Grainger, Inc. (NYSE:GWW)

SVB Wealth LLC boosted its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 9.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,243 shares of the industrial products company’s stock after purchasing an additional 108 shares during the quarter. SVB Wealth LLC’s holdings in W.W. Grainger were worth $1,030,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its holdings in W.W. Grainger by 17.2% during the third quarter. FMR LLC now owns 1,396,928 shares of the industrial products company’s stock worth $966,451,000 after buying an additional 204,507 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of W.W. Grainger by 0.5% during the 2nd quarter. Wells Fargo & Company MN now owns 1,074,055 shares of the industrial products company’s stock worth $846,989,000 after buying an additional 5,744 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of W.W. Grainger by 10.8% in the first quarter. Geode Capital Management LLC now owns 1,027,150 shares of the industrial products company’s stock valued at $706,047,000 after acquiring an additional 100,380 shares in the last quarter. Northern Trust Corp increased its position in shares of W.W. Grainger by 1.8% during the third quarter. Northern Trust Corp now owns 751,855 shares of the industrial products company’s stock valued at $520,163,000 after acquiring an additional 13,063 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in W.W. Grainger by 24.9% during the fourth quarter. Morgan Stanley now owns 654,682 shares of the industrial products company’s stock worth $364,168,000 after acquiring an additional 130,519 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insider Transactions at W.W. Grainger

In other W.W. Grainger news, VP Paige K. Robbins sold 3,813 shares of W.W. Grainger stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the completion of the sale, the vice president now owns 4,909 shares of the company’s stock, valued at $4,756,231.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Paige K. Robbins sold 3,122 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total value of $2,966,586.84. Following the completion of the sale, the vice president now owns 4,909 shares of the company’s stock, valued at approximately $4,664,629.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paige K. Robbins sold 3,813 shares of W.W. Grainger stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the completion of the transaction, the vice president now owns 4,909 shares in the company, valued at approximately $4,756,231.92. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GWW has been the topic of a number of recent analyst reports. StockNews.com upgraded W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Saturday, March 16th. Stephens raised their price target on shares of W.W. Grainger from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. UBS Group lifted their price target on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. JPMorgan Chase & Co. increased their price objective on W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Finally, Oppenheimer boosted their target price on W.W. Grainger from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $913.89.

W.W. Grainger Stock Performance

NYSE GWW opened at $937.24 on Friday. The company’s 50 day simple moving average is $979.76 and its two-hundred day simple moving average is $863.92. The stock has a market capitalization of $46.05 billion, a PE ratio of 25.88, a P/E/G ratio of 1.86 and a beta of 1.14. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.88 and a quick ratio of 1.64. W.W. Grainger, Inc. has a 1 year low of $641.95 and a 1 year high of $1,034.18.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Friday, February 2nd. The industrial products company reported $8.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.05 by $0.28. W.W. Grainger had a return on equity of 56.54% and a net margin of 11.10%. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the business posted $7.14 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Analysts predict that W.W. Grainger, Inc. will post 39.26 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, February 9th. W.W. Grainger’s payout ratio is 20.55%.

W.W. Grainger Company 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.