W.W. Grainger, Inc. (NYSE:GWW) Shares Purchased by Amalgamated Bank

Amalgamated Bank boosted its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,415 shares of the industrial products company’s stock after acquiring an additional 111 shares during the period. Amalgamated Bank’s holdings in W.W. Grainger were worth $10,978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swedbank AB raised its position in shares of 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 purchasing an additional 36,892 shares during the last quarter. Private Advisor Group LLC increased its position in W.W. Grainger by 10.1% during the third quarter. Private Advisor Group LLC now owns 1,491 shares of the industrial products company’s stock worth $1,549,000 after buying an additional 137 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new position in shares of W.W. Grainger in the third quarter worth $209,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of W.W. Grainger by 4.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,155 shares of the industrial products company’s stock valued at $5,340,000 after acquiring an additional 216 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of W.W. Grainger by 19.0% during the third quarter. Arkadios Wealth Advisors now owns 644 shares of the industrial products company’s stock valued at $669,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Up 0.6 %

Shares of NYSE GWW opened at $1,003.71 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $48.40 billion, a PE ratio of 25.93, a P/E/G ratio of 2.70 and a beta of 1.17. The firm has a fifty day moving average of $1,067.66 and a 200-day moving average of $1,074.45. W.W. Grainger, Inc. has a 52-week low of $874.98 and a 52-week high of $1,227.66.

W.W. Grainger (NYSE:GWW) last posted its quarterly 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 previous year, the company posted $8.33 EPS. On average, analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Monday, February 10th will be issued a $2.05 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $8.20 annualized dividend and a yield of 0.82%. W.W. Grainger’s payout ratio is 21.18%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GWW. Morgan Stanley boosted their target price on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 19th. UBS Group assumed coverage on shares of W.W. Grainger in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price objective for the company. Northcoast Research began coverage on shares of W.W. Grainger in a research report on Tuesday, October 29th. They set a “neutral” rating on the stock. Royal Bank of Canada lowered their target price on shares of 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. Finally, JPMorgan Chase & Co. reduced 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. One equities research 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 stock. According to data from MarketBeat.com, W.W. Grainger currently has an average rating of “Hold” and an average price target of $1,148.56.

About W.W. Grainger

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.