Ardevora Asset Management LLP Invests $11.08 Million in W.W. Grainger, Inc. (NYSE:GWW)

Ardevora Asset Management LLP bought a new stake in W.W. Grainger, Inc. (NYSE:GWWFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,364 shares of the industrial products company’s stock, valued at approximately $11,075,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. increased its stake in W.W. Grainger by 6.9% in the third quarter. Atria Wealth Solutions Inc. now owns 3,160 shares of the industrial products company’s stock valued at $2,187,000 after acquiring an additional 205 shares during the period. Sigma Planning Corp increased its stake in W.W. Grainger by 23.4% in the third quarter. Sigma Planning Corp now owns 633 shares of the industrial products company’s stock valued at $438,000 after acquiring an additional 120 shares during the period. US Bancorp DE increased its stake in W.W. Grainger by 11.3% in the third quarter. US Bancorp DE now owns 71,748 shares of the industrial products company’s stock valued at $49,638,000 after acquiring an additional 7,273 shares during the period. Raymond James & Associates increased its stake in W.W. Grainger by 12.1% in the fourth quarter. Raymond James & Associates now owns 82,038 shares of the industrial products company’s stock valued at $67,984,000 after acquiring an additional 8,865 shares during the period. Finally, International Assets Investment Management LLC increased its stake in W.W. Grainger by 82,775.0% in the fourth quarter. International Assets Investment Management LLC now owns 43,095 shares of the industrial products company’s stock valued at $35,712,000 after acquiring an additional 43,043 shares during the period. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Price Performance

Shares of GWW stock traded up $5.11 during trading hours on Friday, reaching $942.65. 261,958 shares of the company were exchanged, compared to its average volume of 185,948. W.W. Grainger, Inc. has a fifty-two week low of $641.95 and a fifty-two week high of $1,034.18. The stock’s fifty day moving average is $979.43 and its two-hundred day moving average is $868.07. The company has a market cap of $46.31 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 1.85 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 (NYSE:GWWGet Free Report) last announced its earnings results 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 net margin of 11.10% and a return on equity of 56.54%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same period in the prior year, the business earned $7.14 earnings per share. W.W. Grainger’s quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts forecast that W.W. Grainger, Inc. will post 39.26 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

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

Analyst Upgrades and Downgrades

GWW has been the topic of several research analyst reports. Loop Capital cut shares of W.W. Grainger from a “buy” rating to a “hold” rating and upped their price objective for the stock from $925.00 to $1,000.00 in a research note on Tuesday, February 20th. Stephens upped their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of W.W. Grainger from $800.00 to $925.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. Oppenheimer upped their price objective on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Finally, Royal Bank of Canada upped their price objective on shares of W.W. Grainger from $809.00 to $907.00 and gave the stock a “sector perform” rating in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, W.W. Grainger currently has an average rating of “Hold” and an average price target of $913.89.

Check Out Our Latest Analysis on GWW

Insider Activity at W.W. Grainger

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

W.W. Grainger Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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