Zions Bancorporation N.A. Has $4.60 Million Stake in W.W. Grainger, Inc. (NYSE:GWW)

Zions Bancorporation N.A. lowered its position in W.W. Grainger, Inc. (NYSE:GWW) by 5.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,094 shares of the industrial products company’s stock after selling 305 shares during the quarter. Zions Bancorporation N.A.’s holdings in W.W. Grainger were worth $4,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in GWW. Private Advisor Group LLC increased its stake in shares of W.W. Grainger by 7.0% in the fourth quarter. Private Advisor Group LLC now owns 1,186 shares of the industrial products company’s stock valued at $982,000 after buying an additional 78 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of W.W. Grainger by 0.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,813 shares of the industrial products company’s stock valued at $3,160,000 after buying an additional 24 shares during the period. Quadrant Capital Group LLC boosted its holdings in W.W. Grainger by 12.1% in the fourth quarter. Quadrant Capital Group LLC now owns 602 shares of the industrial products company’s stock valued at $499,000 after acquiring an additional 65 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in W.W. Grainger by 30.6% in the fourth quarter. Panagora Asset Management Inc. now owns 59,584 shares of the industrial products company’s stock valued at $49,377,000 after acquiring an additional 13,959 shares during the last quarter. Finally, Bey Douglas LLC bought a new stake in W.W. Grainger in the fourth quarter valued at approximately $4,220,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Stock Up 0.8 %

GWW stock opened at $996.56 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.30. The company has a market capitalization of $48.66 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 1.96 and a beta of 1.16. W.W. Grainger, Inc. has a fifty-two week low of $674.41 and a fifty-two week high of $1,034.18. The stock has a fifty day moving average of $957.69 and a 200-day moving average of $954.74.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, topping the consensus estimate of $9.58 by $0.18. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the company earned $9.28 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts predict that W.W. Grainger, Inc. will post 38.75 earnings per share for the current year.

W.W. Grainger Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Monday, August 12th were given a dividend of $2.05 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.82%. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.64%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Royal Bank of Canada reduced their target price on W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. Morgan Stanley assumed coverage on W.W. Grainger in a research report on Friday, September 6th. They set an “equal weight” rating and a $990.00 target price on the stock. Baird R W lowered W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Robert W. Baird lowered W.W. Grainger from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $1,000.00 to $975.00 in a research report on Wednesday, May 29th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of W.W. Grainger in a research report on Friday, June 14th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1,014.11.

Insider Activity

In related news, SVP Matt Fortin sold 511 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $915.20, for a total transaction of $467,667.20. Following the transaction, the senior vice president now directly owns 1,848 shares of the company’s stock, valued at approximately $1,691,289.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 9.50% of the company’s stock.

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.