Brooklyn Investment Group Has $292,000 Stock Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Brooklyn Investment Group grew its position in W.W. Grainger, Inc. (NYSE:GWW) by 5.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 277 shares of the industrial products company’s stock after buying an additional 14 shares during the period. Brooklyn Investment Group’s holdings in W.W. Grainger were worth $292,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its position in W.W. Grainger by 2.3% in the third quarter. State Street Corp now owns 1,997,191 shares of the industrial products company’s stock worth $2,074,702,000 after purchasing an additional 45,369 shares during the period. FMR LLC grew its position in shares of W.W. Grainger by 2.6% during the 3rd quarter. FMR LLC now owns 1,617,149 shares of the industrial products company’s stock worth $1,679,911,000 after buying an additional 40,992 shares during the period. Geode Capital Management LLC raised its stake in shares of W.W. Grainger by 2.5% during the third quarter. Geode Capital Management LLC now owns 1,167,031 shares of the industrial products company’s stock worth $1,208,610,000 after buying an additional 28,626 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in W.W. Grainger by 8.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 546,960 shares of the industrial products company’s stock valued at $568,188,000 after buying an additional 42,866 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in W.W. Grainger by 4.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 324,367 shares of the industrial products company’s stock valued at $336,956,000 after acquiring an additional 12,805 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Up 0.2 %

Shares of GWW stock opened at $1,113.05 on Friday. The firm has a fifty day moving average of $1,133.37 and a 200-day moving average of $1,051.69. The company has a market capitalization of $54.21 billion, a price-to-earnings ratio of 30.17, a P/E/G ratio of 2.70 and a beta of 1.18. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. W.W. Grainger, Inc. has a 12-month low of $855.01 and a 12-month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share for the quarter, missing the consensus estimate of $9.98 by ($0.11). W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same period in the prior year, the business earned $9.43 earnings per share. W.W. Grainger’s revenue was up 4.3% compared to the same quarter last year. As a group, equities research analysts predict that W.W. Grainger, Inc. will post 38.97 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 11th were paid a dividend of $2.05 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $8.20 annualized dividend and a dividend yield of 0.74%. W.W. Grainger’s dividend payout ratio is presently 22.23%.

Insider Activity

In related news, VP Paige K. Robbins sold 9,577 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the completion of the sale, the vice president now directly owns 4,379 shares of the company’s stock, valued at approximately $4,895,021.36. This trade represents a 68.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Laurie R. Thomson sold 125 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the completion of the transaction, the vice president now owns 675 shares in the company, valued at $814,070.25. This trade represents a 15.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,406 shares of company stock valued at $11,634,643 over the last three months. Insiders own 9.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Oppenheimer downgraded W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. Morgan Stanley raised their target price on W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 19th. Robert W. Baird upgraded W.W. Grainger from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $975.00 to $1,230.00 in a research report on Wednesday, October 16th. Loop Capital lifted their price objective on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Finally, Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a research note on Sunday, September 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1,140.56.

W.W. Grainger Company Profile

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.