Chevy Chase Trust Holdings LLC Has $24.51 Million Stake in W.W. Grainger, Inc. (NYSE:GWW)

Chevy Chase Trust Holdings LLC trimmed its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 2.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,255 shares of the industrial products company’s stock after selling 568 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in W.W. Grainger were worth $24,512,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in shares of W.W. Grainger by 92,754.3% in the third quarter. International Assets Investment Management LLC now owns 87,283 shares of the industrial products company’s stock valued at $906,700,000 after purchasing an additional 87,189 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in shares of W.W. Grainger in the third quarter valued at $55,815,000. Assenagon Asset Management S.A. increased its holdings in shares of W.W. Grainger by 1,653.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 56,978 shares of the industrial products company’s stock valued at $60,058,000 after purchasing an additional 53,729 shares during the last quarter. State Street Corp increased its holdings in shares of 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 valued at $2,074,702,000 after purchasing an additional 45,369 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of 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 purchasing an additional 42,866 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Loop Capital upped their price objective on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a report on Monday, October 21st. StockNews.com downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. Northcoast Research assumed coverage on shares of W.W. Grainger in a research note on Tuesday, October 29th. They issued a “neutral” rating on the stock. Morgan Stanley upped their price target on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 19th. Finally, UBS Group assumed coverage on shares of W.W. Grainger in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $1,148.56.

W.W. Grainger Trading Down 0.0 %

GWW opened at $1,027.68 on Friday. W.W. Grainger, Inc. has a twelve month low of $874.98 and a twelve month high of $1,227.66. The company has a 50-day simple moving average of $1,086.13 and a 200 day simple moving average of $1,070.93. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $50.05 billion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 2.75 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Friday, January 31st. The industrial products company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.04). W.W. Grainger had a return on equity of 52.43% and a net margin of 11.12%. During the same quarter in the prior year, the firm posted $8.33 earnings per share. Analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Monday, February 10th will be issued a $2.05 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.80%. W.W. Grainger’s dividend payout ratio (DPR) is currently 21.18%.

W.W. Grainger 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.