American Century Companies Inc. Sells 6,670 Shares of W W Grainger Inc (GWW)

American Century Companies Inc. lessened its holdings in shares of W W Grainger Inc (NYSE:GWW) by 13.1% in the fourth quarter, HoldingsChannel reports. The firm owned 44,250 shares of the industrial products company’s stock after selling 6,670 shares during the period. American Century Companies Inc.’s holdings in W W Grainger were worth $10,454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Exane Derivatives acquired a new stake in W W Grainger during the 3rd quarter valued at approximately $101,000. Westside Investment Management Inc. bought a new position in W W Grainger during the 3rd quarter worth approximately $107,000. Fieldpoint Private Securities LLC bought a new position in W W Grainger during the 3rd quarter worth approximately $133,000. Glenview State Bank Trust DEPT. bought a new position in W W Grainger during the 4th quarter worth approximately $202,000. Finally, Welch & Forbes LLC bought a new position in W W Grainger during the 4th quarter worth approximately $203,000. Hedge funds and other institutional investors own 85.84% of the company’s stock.

A number of research analysts have commented on the company. Royal Bank of Canada reaffirmed a “sell” rating and set a $192.00 target price on shares of W W Grainger in a report on Thursday, January 4th. Credit Suisse Group reaffirmed an “underperform” rating and set a $190.00 target price (up previously from $172.00) on shares of W W Grainger in a report on Tuesday, January 9th. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “hold” rating and set a $278.00 target price on shares of W W Grainger in a report on Friday, January 26th. Wells Fargo & Co increased their target price on W W Grainger from $220.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Finally, Zacks Investment Research raised W W Grainger from a “strong sell” rating to a “hold” rating in a report on Monday, January 22nd. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $234.38.

In related news, VP John L. Howard sold 21,000 shares of W W Grainger stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $220.56, for a total transaction of $4,631,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Eric R. Tapia sold 100 shares of W W Grainger stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $266.06, for a total value of $26,606.00. Following the sale, the vice president now directly owns 3,563 shares of the company’s stock, valued at approximately $947,971.78. The disclosure for this sale can be found here. In the last three months, insiders sold 30,258 shares of company stock worth $6,790,898. Company insiders own 9.60% of the company’s stock.

Shares of W W Grainger Inc (GWW) opened at $266.68 on Friday. The stock has a market capitalization of $15,020.00, a P/E ratio of 23.27, a P/E/G ratio of 2.01 and a beta of 0.88. W W Grainger Inc has a 1-year low of $155.00 and a 1-year high of $298.14. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.13 and a quick ratio of 1.18.

W W Grainger (NYSE:GWW) last announced its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.76. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.57 billion. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $2.45 EPS. analysts forecast that W W Grainger Inc will post 13.81 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be issued a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, February 9th. W W Grainger’s dividend payout ratio (DPR) is 44.68%.

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W W Grainger Profile

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

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

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