Zions Bancorporation N.A. Has $5.19 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Zions Bancorporation N.A. cut its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,994 shares of the industrial products company’s stock after selling 100 shares during the quarter. Zions Bancorporation N.A.’s holdings in W.W. Grainger were worth $5,188,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Clearbridge Investments LLC boosted its stake in W.W. Grainger by 17.4% during the first quarter. Clearbridge Investments LLC now owns 1,148,051 shares of the industrial products company’s stock worth $1,167,913,000 after acquiring an additional 169,897 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in W.W. Grainger by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 360,026 shares of the industrial products company’s stock worth $324,841,000 after acquiring an additional 17,699 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in W.W. Grainger during the second quarter worth $281,104,000. Hsbc Holdings PLC boosted its stake in W.W. Grainger by 0.8% during the second quarter. Hsbc Holdings PLC now owns 243,470 shares of the industrial products company’s stock worth $219,386,000 after acquiring an additional 1,849 shares in the last quarter. Finally, Swedbank AB boosted its stake in W.W. Grainger by 23.5% during the third quarter. Swedbank AB now owns 193,888 shares of the industrial products company’s stock worth $201,413,000 after acquiring an additional 36,892 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GWW. JPMorgan Chase & Co. increased their target price on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. StockNews.com raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. UBS Group began coverage on shares of W.W. Grainger in a research note on Wednesday. They issued a “neutral” rating and a $1,280.00 price objective on the stock. Northcoast Research began coverage on shares of W.W. Grainger in a research note on Tuesday, October 29th. They issued a “neutral” rating on the stock. Finally, Bank of America began coverage on shares of W.W. Grainger in a research note on Monday, October 7th. They issued an “underperform” rating and a $925.00 price objective on the stock. 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1,086.50.

Insider Transactions at W.W. Grainger

In other news, VP Paige K. Robbins sold 9,577 shares of W.W. Grainger stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $1,117.84, for a total value of $10,705,553.68. Following the completion of the transaction, the vice president now owns 4,379 shares in the company, valued at $4,895,021.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Deidra C. Merriwether sold 704 shares of W.W. Grainger stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $1,105.59, for a total value of $778,335.36. Following the completion of the transaction, the chief financial officer now owns 9,509 shares in the company, valued at $10,513,055.31. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paige K. Robbins sold 9,577 shares of W.W. Grainger stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the completion of the transaction, the vice president now owns 4,379 shares of the company’s stock, valued at $4,895,021.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,775 shares of company stock worth $52,489,979 over the last quarter. Corporate insiders own 9.50% of the company’s stock.

W.W. Grainger Stock Down 0.5 %

GWW opened at $1,202.39 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.68. The company’s 50-day moving average is $1,069.20 and its 200 day moving average is $985.00. W.W. Grainger, Inc. has a fifty-two week low of $772.13 and a fifty-two week high of $1,227.66. The firm has a market capitalization of $58.56 billion, a P/E ratio of 32.59, a PEG ratio of 3.34 and a beta of 1.15.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $9.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.98 by ($0.11). W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The company had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter last year, the business posted $9.43 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Research analysts expect that W.W. Grainger, Inc. will post 38.91 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Monday, November 11th will be paid a $2.05 dividend. The ex-dividend date is Friday, November 8th. This represents a $8.20 annualized dividend and a dividend yield of 0.68%. W.W. Grainger’s payout ratio is 22.23%.

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.