Illinois Municipal Retirement Fund Holds $20.21 Million Stake in WW Grainger, Inc. (NYSE:GWW)

Retirement


The Illinois Municipal Retirement Fund lowered WW Grainger, Inc. (NYSE:GWW – Get Rating) shares by 9.5% in the fourth quarter, according to the company’s latest disclosure to the Securities and Exchange Commission (SEC) became. The institutional investor owned his 36,331 shares of the industrial products company after selling his 3,816 shares during the period. The Illinois Municipal Retirement Fund owned his 0.07% of WW Grainger worth $20,209,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also changed their holdings in the company. Lazard Asset Management LLC raised his WW Grainger stake by 1,568.4% in the first quarter. Lazard Asset Management LLC now owns 165,035 shares of the industrial products company worth $85,122,000 after purchasing an additional 155,143 of his shares during this period. Renaissance Technologies LLC increased his WW Grainger stake by 136.5% in the third quarter. After purchasing an additional 124,600 shares during this period, Renaissance Technologies LLC now owns 215,900 shares of the industrial products company valued at $156,160,000. Vanguard Group Inc. increased his WW Grainger stake by 2.1% in the third quarter. After purchasing an additional 116,455 shares during this period, Vanguard Group Inc. now owns 5,558,676 shares of the industrial products company valued at $2,719,249,000. State Street Corp increased its stake in WW Grainger by 3.8% in the third quarter. State Street Corp owns 2,192,981 shares of industrial products company stock valued at $1,072,784,000 after purchasing an additional 80,677 shares during this period. Finally, Invesco Ltd. increased his WW Grainger stake by 22.9% in the first quarter. After purchasing a further 54,008 shares during this period, Invesco Ltd. now owns 289,588 shares in the industrial products company valued at $149,367,000. Institutional investors and hedge funds own 71.76% of the company’s shares.

Wall Street analyst opinion

Many equity analysts have published reports on GWW stock. UBS Group increased its target price for WW Grainger from $695.00 to $800.00 in its report on Friday, February 17th. Royal Bank of Canada upgraded WW Grainger’s rating from ‘underperforming’ to ‘sector performing’ and raised its price target from $502.00 to $679.00 in a report on Thursday, February 23rd. Morgan Stanley raised its price target on WW Grainger from $537.00 to $555.00, making the stock “underweight,” in a report Wednesday. Robert W. Baird raised his price target for WW Grainger from $650.00 to $730.00 in his report on Friday, February 3rd. Finally, StockNews.com kicked off his WW Grainger coverage in his Thursday, March 16th report. They set a “buy” rating for the company. One analyst rated the stock with a sell rating, four assigned a hold rating, and five analysts issued a buy rating on the company’s stock. According to MarketBeat data, WW Grainger currently has an average rating of ‘hold’ with a consensus price target of $691.13.

WW Grainger stock 0.1% down

NYSE GWW shares fell $0.73 in intraday trading on Friday to reach $666.44. The company’s trading volume was 54,399 shares, with an average trading volume of 289,545 shares. WW Grainger, Inc. has a year low of $440.48 and a year high of $709.21. The company has a current ratio of 2.48, a quick ratio of 1.36 and a debt to equity ratio of 0.84. The company has a market capitalization of $33.5 billion, a PE ratio of 22.19, a price/earnings ratio of 1.54, and a beta of 1.19. The company has a 50-day simple moving average of $669.52 and a 200-day simple moving average of $605.91.

WW Grainger (NYSE:GWW – Get Rating) last reported quarterly results on Thursday, February 2nd. The industrial products company reported his EPS of $7.14 for the quarter, beating analyst consensus expectations of $6.97 by $0.17. WW Grainger had a return on equity of 60.13% and a net profit margin of 10.14%. The business generated revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the company posted his $5.44 earnings per share. WW Grainger quarterly revenue increased 13.2% year over year. On average, equity analysts expect WW Grainger, Inc. to post 33.29 EPS this year.

WW Grainger Announces Dividend

The company recently announced a quarterly dividend, which was paid out on Wednesday, March 1st. Dividends of $1.72 per share were issued to investors of record on Monday, February 13th. This represents his $6.88 dividend and his 1.03% yield on an annual basis. The ex-dividend date for this dividend was Friday, February 10. WW Grainger currently has a payout percentage of 22.88%.

insider trading

In another news from WW Grainger, CFO Deidra C. Merriwether sold 4,623 shares in the company in a transaction that took place on Wednesday, March 15th. The shares sold for an average of $664.66 and the total trading value was her $3,072,723.18. Following the closing of the sale, the Chief Financial Officer now directly owns 7,605 shares of the Company’s stock valued at $5,054,739.30. The sale is disclosed in documents filed with the Securities and Exchange Commission, available at this hyperlink. In separate news, CEO Donald G. Macpherson sold his 49,121 shares of WW Grainger stock in a transaction that took place on Friday, March 3rd. The shares were sold at an average price of $694.36, giving him a total of $34,107,657.56. Following the closing of the sale, the CEO now owns directly his 80,240 shares of the company, valued at his $55,715,446.40. The transaction was disclosed in documents filed with the SEC and can be accessed at this link. CFO Deidra C. Merriwether also sold 4,623 shares of WW Grainger in a transaction that took place on Wednesday, March 15th. The shares sold at an average price of $664.66 for a total trading value of $3,072,723.18. Following the closing of the transaction, the Chief Financial Officer now directly owns 7,605 shares of the company’s stock valued at $5,054,739.30. Please see here for the disclosure of this sale. In the past 90 days, the insider has sold 55,434 shares of his company stock worth $38,315,317. A company insider owns her 9.90% of the company’s shares.

About WW Grainger

(get rating)

WW Grainger, Inc is a supplier of maintenance, repair and operations products with operations in North America, Japan and the United Kingdom. It operates through the High Touch Solutions NA, Endless Assortment and Other segments. The High Touch Solutions NA segment is involved in value-added MRO solutions rooted in deep product knowledge and customer expertise.

Featured article

WW Grainger (NYSE:GWW) Quarterly Institutional Ownership

This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.

Listen to this before considering WW Grainger.

MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat has identified five stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and WW Grainger wasn’t on the list. .

WW Grainger currently has a ‘Hold’ rating among analysts, but the top rated analysts believe these five stocks are better buys.

See 5 stocks here

Best High Yield Stocks for Cover in 2023



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *