Charles Schwab Investment Management Inc. Has $309.36 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Charles Schwab Investment Management Inc. boosted its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 293,499 shares of the industrial products company’s stock after buying an additional 8,833 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.60% of W.W. Grainger worth $309,363,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GWW. Wilmington Savings Fund Society FSB bought a new position in shares of W.W. Grainger in the 3rd quarter valued at $848,000. Trust Co. of Toledo NA OH boosted its stake in W.W. Grainger by 313.3% in the fourth quarter. Trust Co. of Toledo NA OH now owns 1,521 shares of the industrial products company’s stock valued at $1,603,000 after buying an additional 1,153 shares in the last quarter. Clark & Stuart Inc bought a new position in W.W. Grainger in the fourth quarter valued at about $1,741,000. Empowered Funds LLC raised its stake in W.W. Grainger by 27.0% during the third quarter. Empowered Funds LLC now owns 2,226 shares of the industrial products company’s stock worth $2,312,000 after acquiring an additional 473 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of W.W. Grainger by 72.6% in the third quarter. Toronto Dominion Bank now owns 22,045 shares of the industrial products company’s stock worth $22,901,000 after acquiring an additional 9,270 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GWW has been the topic of several research reports. Morgan Stanley upped their price objective on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 19th. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. Royal Bank of Canada dropped their price target on W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating for the company in a research note on Monday, February 3rd. UBS Group initiated coverage on W.W. Grainger in a research report on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their target price on W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1,151.50.

W.W. Grainger Trading Down 0.4 %

NYSE GWW opened at $985.19 on Thursday. The firm has a market capitalization of $47.50 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 2.70 and a beta of 1.17. The business’s 50-day moving average price is $1,059.45 and its two-hundred day moving average price is $1,076.06. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last announced its earnings results on Friday, January 31st. The industrial products company reported $9.71 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.04). W.W. Grainger had a net margin of 11.12% and a return on equity of 52.43%. During the same period in the prior year, the firm earned $8.33 earnings per share. On average, analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were paid a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Monday, February 10th. W.W. Grainger’s dividend payout ratio is presently 21.18%.

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.