Teacher Retirement System of Texas Sells 2,620 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Teacher Retirement System of Texas lessened its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 15.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,610 shares of the industrial products company’s stock after selling 2,620 shares during the period. Teacher Retirement System of Texas’ holdings in W.W. Grainger were worth $15,400,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Iron Horse Wealth Management LLC grew its holdings in shares of W.W. Grainger by 43.5% during the fourth quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 10 shares during the last quarter. AlphaMark Advisors LLC bought a new stake in shares of W.W. Grainger during the fourth quarter worth $37,000. Larson Financial Group LLC grew its holdings in shares of W.W. Grainger by 111.1% during the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 20 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of W.W. Grainger during the fourth quarter valued at $42,000. Finally, Atala Financial Inc acquired a new position in shares of W.W. Grainger during the fourth quarter valued at $43,000. Institutional investors own 80.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GWW shares. JPMorgan Chase & Co. cut their price target on W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. William Blair raised W.W. Grainger from a “market perform” rating to an “outperform” rating in a research note on Monday, March 10th. Royal Bank of Canada cut their price target on W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating on the stock in a research note on Monday, February 3rd. Finally, StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $1,151.50.

W.W. Grainger Trading Down 0.2 %

NYSE:GWW opened at $971.57 on Friday. W.W. Grainger, Inc. has a 1-year low of $874.98 and a 1-year high of $1,227.66. The business’s 50-day moving average price is $1,038.34 and its two-hundred day moving average price is $1,075.33. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $46.85 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 2.70 and a beta of 1.18.

W.W. Grainger (NYSE:GWW) last released its earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share 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 last year, the business posted $8.33 earnings per share. On average, equities analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were given a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Monday, February 10th. W.W. Grainger’s dividend payout ratio is currently 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.