First Interstate Bank Has $294,000 Stock Position in W.W. Grainger, Inc. (NYSE:GWW)

First Interstate Bank decreased its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 26.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 355 shares of the industrial products company’s stock after selling 129 shares during the period. First Interstate Bank’s holdings in W.W. Grainger were worth $294,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GWW. OFI Invest Asset Management acquired a new position in W.W. Grainger in the 3rd quarter valued at $25,000. Clear Street Markets LLC acquired a new position in W.W. Grainger in the 4th quarter valued at $26,000. Retirement Group LLC grew its stake in W.W. Grainger by 2,450.0% in the 4th quarter. Retirement Group LLC now owns 51 shares of the industrial products company’s stock valued at $28,000 after buying an additional 49 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in W.W. Grainger in the 4th quarter valued at $29,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in W.W. Grainger in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insider Activity

In other news, VP Paige K. Robbins sold 3,122 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total value of $2,966,586.84. Following the completion of the sale, the vice president now owns 4,909 shares of the company’s stock, valued at $4,664,629.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP Paige K. Robbins sold 3,813 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the completion of the sale, the vice president now owns 4,909 shares of the company’s stock, valued at $4,756,231.92. 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 3,122 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the completion of the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at approximately $4,664,629.98. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by company insiders.

W.W. Grainger Stock Up 0.0 %

Shares of GWW stock traded up $0.02 during trading on Tuesday, reaching $955.44. The company’s stock had a trading volume of 198,585 shares, compared to its average volume of 231,844. The business has a fifty day moving average price of $979.92 and a 200-day moving average price of $862.80. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.66. The company has a market cap of $46.94 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 1.89 and a beta of 1.14. W.W. Grainger, Inc. has a one year low of $641.95 and a one year high of $1,034.18.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Friday, February 2nd. The industrial products company reported $8.33 earnings per share for the quarter, topping analysts’ consensus estimates of $8.05 by $0.28. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.04 billion. W.W. Grainger had a net margin of 11.10% and a return on equity of 56.54%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $7.14 earnings per share. Analysts anticipate that W.W. Grainger, Inc. will post 39.26 earnings per share for the current year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were given a $1.86 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 0.78%. W.W. Grainger’s payout ratio is presently 20.55%.

Wall Street Analysts Forecast Growth

GWW has been the subject of a number of research reports. Royal Bank of Canada increased their price target on shares of W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. Oppenheimer raised their price objective on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. UBS Group raised their price objective on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. StockNews.com raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. Finally, Stephens increased their target price on shares of W.W. Grainger from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $913.89.

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.