Schwab Charles Investment Management Inc. Has $61.65 Million Holdings in W. W. Grainger (GWW)

Schwab Charles Investment Management Inc. boosted its position in shares of W. W. Grainger (NYSE:GWW) by 3.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,402 shares of the industrial products company’s stock after purchasing an additional 7,746 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.39% of W. W. Grainger worth $61,649,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC raised its stake in W. W. Grainger by 107.9% during the fourth quarter. Advisory Services Network LLC now owns 476 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 247 shares during the period. Tower Research Capital LLC TRC raised its stake in W. W. Grainger by 420.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 781 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 631 shares during the period. Glenview State Bank Trust DEPT. purchased a new position in W. W. Grainger during the fourth quarter worth about $202,000. Cidel Asset Management Inc. purchased a new position in W. W. Grainger during the fourth quarter worth about $202,000. Finally, Welch & Forbes LLC purchased a new position in W. W. Grainger during the fourth quarter worth about $203,000. 79.85% of the stock is currently owned by institutional investors.

W. W. Grainger opened at $307.61 on Friday, MarketBeat Ratings reports. The company has a current ratio of 2.20, a quick ratio of 1.24 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $17.19 billion, a PE ratio of 26.84, a P/E/G ratio of 1.71 and a beta of 0.79. W. W. Grainger has a 1 year low of $155.00 and a 1 year high of $309.80.



W. W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Thursday, April 19th. The industrial products company reported $4.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.74. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.72 billion. W. W. Grainger had a net margin of 6.03% and a return on equity of 39.23%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.88 earnings per share. research analysts forecast that W. W. Grainger will post 14.86 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 14th will be issued a $1.36 dividend. The ex-dividend date is Friday, May 11th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.77%. This is a boost from W. W. Grainger’s previous quarterly dividend of $1.28. W. W. Grainger’s payout ratio is 47.47%.

A number of equities analysts have commented on the stock. Royal Bank of Canada reaffirmed a “sell” rating and set a $221.00 target price on shares of W. W. Grainger in a research note on Friday, April 20th. Deutsche Bank set a $275.00 price target on shares of W. W. Grainger and gave the company a “hold” rating in a research note on Friday, April 6th. BMO Capital Markets boosted their price target on shares of W. W. Grainger from $247.00 to $255.00 and gave the company a “market perform” rating in a research note on Friday, April 20th. Zacks Investment Research downgraded shares of W. W. Grainger from a “buy” rating to a “hold” rating and set a $327.00 price target on the stock. in a research note on Wednesday, April 11th. Finally, ValuEngine raised shares of W. W. Grainger from a “hold” rating to a “buy” rating in a research note on Saturday, April 21st. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. W. W. Grainger presently has a consensus rating of “Hold” and a consensus target price of $250.54.

In related news, VP Ronald L. Jadin sold 29,000 shares of W. W. Grainger stock in a transaction that occurred on Tuesday, April 24th. The shares were sold at an average price of $286.93, for a total value of $8,320,970.00. Following the completion of the transaction, the vice president now owns 49,459 shares in the company, valued at $14,191,270.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John L. Howard sold 19,500 shares of W. W. Grainger stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $295.00, for a total transaction of $5,752,500.00. Following the completion of the transaction, the vice president now owns 57,906 shares of the company’s stock, valued at approximately $17,082,270. The disclosure for this sale can be found here. Insiders sold 48,716 shares of company stock valued at $14,133,676 in the last 90 days. Company insiders own 10.10% of the company’s stock.

W. W. Grainger Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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

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