Allspring Global Investments Holdings LLC Has $4.92 Million Position in W.W. Grainger, Inc. (NYSE:GWW)

Allspring Global Investments Holdings LLC raised its stake in W.W. Grainger, Inc. (NYSE:GWW) by 24.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,718 shares of the industrial products company’s stock after acquiring an additional 927 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in W.W. Grainger were worth $4,915,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GWW. Creative Planning increased its stake in shares of W.W. Grainger by 13.8% during the third quarter. Creative Planning now owns 11,560 shares of the industrial products company’s stock worth $11,491,000 after purchasing an additional 1,405 shares during the period. Swedbank AB increased its position in W.W. Grainger by 23.5% during the 3rd quarter. Swedbank AB now owns 193,888 shares of the industrial products company’s stock worth $201,413,000 after buying an additional 36,892 shares during the period. Venture Visionary Partners LLC bought a new position in W.W. Grainger during the 3rd quarter worth $224,000. Oakworth Capital Inc. increased its position in W.W. Grainger by 65.2% during the 3rd quarter. Oakworth Capital Inc. now owns 114 shares of the industrial products company’s stock worth $118,000 after buying an additional 45 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in W.W. Grainger by 7.0% during the third quarter. Sequoia Financial Advisors LLC now owns 1,167 shares of the industrial products company’s stock worth $1,212,000 after acquiring an additional 76 shares during the period. 80.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

GWW has been the topic of a number of recent research reports. Morgan Stanley raised their price target 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 report on Thursday, December 19th. Northcoast Research initiated coverage on shares of W.W. Grainger in a report on Tuesday, October 29th. They set a “neutral” rating on the stock. UBS Group initiated coverage on W.W. Grainger in a research note on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price objective on the stock. Finally, Royal Bank of Canada lowered their price objective 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. 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 issued a strong buy rating to the stock. According to MarketBeat.com, W.W. Grainger currently has a consensus rating of “Hold” and a consensus target price of $1,148.56.

W.W. Grainger Trading Down 0.2 %

Shares of GWW opened at $1,021.00 on Thursday. W.W. Grainger, Inc. has a 52-week low of $874.98 and a 52-week high of $1,227.66. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49. The business’s fifty day moving average is $1,078.03 and its 200-day moving average is $1,072.33. The firm has a market cap of $49.72 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 2.71 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last released its earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 posted $8.33 earnings per share. Equities analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Monday, February 10th will be paid a dividend of $2.05 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.80%. W.W. Grainger’s payout ratio is presently 21.18%.

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.