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

Chevy Chase Trust Holdings LLC lessened its stake in W.W. Grainger, Inc. (NYSE:GWW) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,255 shares of the industrial products company’s stock after selling 568 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in W.W. Grainger were worth $24,512,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC grew its position in shares of W.W. Grainger by 11.5% during the 4th quarter. V Square Quantitative Management LLC now owns 2,139 shares of the industrial products company’s stock worth $2,255,000 after buying an additional 220 shares during the period. Asset Management One Co. Ltd. grew its position in shares of W.W. Grainger by 1.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 17,822 shares of the industrial products company’s stock worth $19,051,000 after buying an additional 186 shares during the period. Avestar Capital LLC grew its position in shares of W.W. Grainger by 5.8% during the 4th quarter. Avestar Capital LLC now owns 494 shares of the industrial products company’s stock worth $521,000 after buying an additional 27 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of W.W. Grainger during the 4th quarter worth approximately $6,427,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in W.W. Grainger by 24.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,718 shares of the industrial products company’s stock worth $4,915,000 after acquiring an additional 927 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GWW shares. Northcoast Research started coverage on shares of W.W. Grainger in a research note on Tuesday, October 29th. They set a “neutral” rating on the stock. 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. Royal Bank of Canada reduced their price objective on shares of W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, UBS Group started coverage on shares of W.W. Grainger in a research note on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, W.W. Grainger currently has an average rating of “Hold” and a consensus target price of $1,148.56.

W.W. Grainger Stock Performance

Shares of GWW stock opened at $1,027.68 on Friday. The company’s fifty day simple moving average is $1,086.13 and its 200-day simple moving average is $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 firm has a market cap of $50.05 billion, a PE ratio of 26.55, a P/E/G ratio of 2.75 and a beta of 1.17. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data 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 business posted $8.33 earnings per share. Equities research analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Monday, February 10th will be given a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Monday, February 10th. W.W. Grainger’s dividend payout ratio is presently 21.18%.

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.