Virtu Financial LLC Invests $364,000 in W.W. Grainger, Inc. (NYSE:GWW)

Virtu Financial LLC bought a new position in W.W. Grainger, Inc. (NYSE:GWW) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 891 shares of the industrial products company’s stock, valued at approximately $364,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Clearbridge Investments LLC grew its stake in W.W. Grainger by 1.6% in the 4th quarter. Clearbridge Investments LLC now owns 2,049,550 shares of the industrial products company’s stock worth $836,913,000 after acquiring an additional 33,063 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of W.W. Grainger by 7.4% in the 4th quarter. Nuveen Asset Management LLC now owns 723,763 shares of the industrial products company’s stock valued at $295,541,000 after purchasing an additional 49,819 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of W.W. Grainger by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 556,968 shares of the industrial products company’s stock valued at $227,432,000 after purchasing an additional 29,956 shares during the last quarter. Coho Partners Ltd. boosted its holdings in shares of W.W. Grainger by 7.1% in the 4th quarter. Coho Partners Ltd. now owns 507,073 shares of the industrial products company’s stock valued at $207,058,000 after purchasing an additional 33,826 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of W.W. Grainger by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 288,312 shares of the industrial products company’s stock valued at $117,729,000 after purchasing an additional 8,506 shares during the last quarter. 70.63% of the stock is owned by hedge funds and other institutional investors.

GWW has been the topic of a number of research analyst reports. Morgan Stanley lifted their price target on shares of W.W. Grainger from $405.00 to $433.00 and gave the company an “equal weight” rating in a report on Tuesday, March 16th. Wells Fargo & Company lowered shares of W.W. Grainger from an “equal weight” rating to an “underweight” rating and set a $350.00 price target on the stock. in a report on Monday, December 14th. UBS Group decreased their price target on shares of W.W. Grainger from $465.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday, February 4th. Oppenheimer lifted their price target on shares of W.W. Grainger from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of W.W. Grainger from $391.00 to $405.00 and gave the company a “hold” rating in a report on Monday, February 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $373.85.

In other news, VP John L. Howard sold 2,535 shares of the business’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $407.21, for a total value of $1,032,277.35. Following the completion of the sale, the vice president now owns 40,893 shares of the company’s stock, valued at approximately $16,652,038.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Donald G. Macpherson sold 4,276 shares of the business’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $407.01, for a total transaction of $1,740,374.76. Following the completion of the sale, the chief executive officer now directly owns 61,175 shares of the company’s stock, valued at approximately $24,898,836.75. The disclosure for this sale can be found here. Insiders own 13.97% of the company’s stock.

Shares of GWW stock opened at $398.74 on Thursday. W.W. Grainger, Inc. has a 12 month low of $256.19 and a 12 month high of $427.90. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.97 and a quick ratio of 1.73. The firm has a market capitalization of $20.87 billion, a P/E ratio of 34.43, a P/E/G ratio of 2.13 and a beta of 1.15. The company’s fifty day moving average price is $392.21 and its two-hundred day moving average price is $388.26.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Tuesday, February 2nd. The industrial products company reported $3.66 EPS for the quarter, missing analysts’ consensus estimates of $3.86 by ($0.20). W.W. Grainger had a return on equity of 41.31% and a net margin of 5.37%. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the prior year, the firm earned $3.88 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts anticipate that W.W. Grainger, Inc. will post 16.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 1st. Shareholders of record on Monday, February 8th were issued a $1.53 dividend. The ex-dividend date of this dividend was Friday, February 5th. This represents a $6.12 dividend on an annualized basis and a yield of 1.53%. W.W. Grainger’s dividend payout ratio is currently 35.40%.

About W.W. Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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

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