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Northern Trust Corp Lowers Position in W.W. Grainger, Inc. (NYSE:GWW)

Financial News Live ·  11/30/2022 21:12

Northern Trust Corp decreased its holdings in W.W. Grainger, Inc. (NYSE:GWW – Get Rating) by 4.1% in the second quarter, Holdings Channel.com reports. The firm owned 824,274 shares of the industrial products company's stock after selling 35,136 shares during the period. Northern Trust Corp's holdings in W.W. Grainger were worth $374,575,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in GWW. Fairfield Bush & CO. bought a new stake in W.W. Grainger in the 1st quarter worth approximately $30,000. Venture Visionary Partners LLC purchased a new stake in shares of W.W. Grainger in the 2nd quarter valued at about $28,000. Artemis Wealth Advisors LLC purchased a new stake in W.W. Grainger in the second quarter valued at approximately $33,000. Clear Street Markets LLC boosted its stake in W.W. Grainger by 383.3% in the second quarter. Clear Street Markets LLC now owns 87 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 69 shares during the period. Finally, Herold Advisors Inc. bought a new position in W.W. Grainger in the 1st quarter worth $52,000. Institutional investors own 71.33% of the company's stock.

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W.W. Grainger Price Performance

Shares of W.W. Grainger stock opened at $590.99 on Wednesday. The company has a current ratio of 2.63, a quick ratio of 1.46 and a debt-to-equity ratio of 0.90. The stock has a market cap of $29.86 billion, a PE ratio of 21.13, a price-to- earnings -growth ratio of 1.55 and a beta of 1.25. The company's 50-day moving average price is $548.90 and its two-hundred day moving average price is $522.91. W.W. Grainger, Inc. has a 52 week low of $440.48 and a 52 week high of $612.06.

W.W. Grainger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 14th will be given a dividend of $1.72 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $6.88 dividend on an annualized basis and a yield of 1.16%. W.W. Grainger's dividend payout ratio (DPR) is presently 24.60%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GWW. Atlantic Securities cut W.W. Grainger from an "overweight" rating to a "neutral" rating and set a $630.00 price target for the company. in a research note on Tuesday, November 15th. Oppenheimer raised their price objective on W.W. Grainger to $660.00 in a research report on Tuesday, November 1st. UBS Group increased their target price on W.W. Grainger from $635.00 to $695.00 and gave the company a "buy" rating in a report on Tuesday. StockNews.com assumed coverage on shares of W.W. Grainger in a research report on Wednesday, October 12th. They issued a "buy" rating on the stock. Finally, Robert W. Baird boosted their price objective on shares of W.W. Grainger from $590.00 to $640.00 and gave the stock an "outperform" rating in a research note on Monday, October 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, W.W. Grainger currently has an average rating of "Hold" and a consensus price target of $590.29.

W.W. Grainger Profile

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W.W. Grainger, Inc operates as a supplier of maintenance, repair and operating products (MRO), with operations also in Europe, Asia and Latin America. It operates through two segments: United States and Canada. The United States segment offers a selection of MRO products and services through its eCommerce platforms, catalogs, branches and sales and service representatives.

Further Reading

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Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.W. Grainger, Inc. (NYSE:GWW – Get Rating).

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