Citizens & Northern Corp Raises Stake in W.W. Grainger, Inc. (GWW)
Citizens & Northern Corp increased its stake in W.W. Grainger, Inc. (NYSE:GWW) by 185.6% during the fourth quarter, Holdings Channel reports. The firm owned 3,165 shares of the company’s stock after buying an additional 2,057 shares during the period. Citizens & Northern Corp’s holdings in W.W. Grainger were worth $735,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ raised its position in shares of W.W. Grainger by 2,331.5% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 254,257 shares of the company’s stock valued at $57,780,000 after buying an additional 243,800 shares during the period. State Street Corp raised its position in shares of W.W. Grainger by 5.3% in the fourth quarter. State Street Corp now owns 3,247,283 shares of the company’s stock valued at $754,163,000 after buying an additional 164,272 shares during the period. Russell Investments Group Ltd. bought a new position in shares of W.W. Grainger during the fourth quarter valued at approximately $29,493,000. Mackenzie Financial Corp raised its position in shares of W.W. Grainger by 12.9% in the third quarter. Mackenzie Financial Corp now owns 857,608 shares of the company’s stock valued at $192,825,000 after buying an additional 97,875 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in shares of W.W. Grainger by 1,770.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 100,169 shares of the company’s stock valued at $23,273,000 after buying an additional 94,815 shares during the period. Institutional investors and hedge funds own 80.18% of the company’s stock.
Shares of W.W. Grainger, Inc. (NYSE:GWW) traded up 0.64% during mid-day trading on Thursday, reaching $254.80. 319,411 shares of the company traded hands. W.W. Grainger, Inc. has a 52 week low of $201.94 and a 52 week high of $262.71. The firm has a 50 day moving average of $245.19 and a 200-day moving average of $228.90. The stock has a market capitalization of $14.98 billion, a PE ratio of 25.81 and a beta of 0.82.
W.W. Grainger (NYSE:GWW) last posted its earnings results on Wednesday, January 25th. The company reported $2.45 EPS for the quarter, topping the Zacks’ consensus estimate of $2.36 by $0.09. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.46 billion. W.W. Grainger had a return on equity of 32.79% and a net margin of 5.98%. W.W. Grainger’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.49 earnings per share. On average, equities research analysts expect that W.W. Grainger, Inc. will post $11.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Monday, February 13th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Thursday, February 9th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.92%. W.W. Grainger’s dividend payout ratio (DPR) is 49.64%.
“Citizens & Northern Corp Raises Stake in W.W. Grainger, Inc. (GWW)” was posted by Watch List News and is the sole property of of Watch List News. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this story can be viewed at http://www.watchlistnews.com/citizens-northern-corp-raises-stake-in-w-w-grainger-inc-gww/1120700.html.
Several brokerages recently issued reports on GWW. Barclays PLC reiterated an “equal weight” rating and issued a $239.00 price target (up from $226.00) on shares of W.W. Grainger in a research note on Thursday, January 26th. BMO Capital Markets reiterated a “buy” rating on shares of W.W. Grainger in a research note on Thursday, January 26th. Wells Fargo & Company reiterated a “hold” rating on shares of W.W. Grainger in a research note on Wednesday, November 9th. William Blair reiterated an “outperform” rating on shares of W.W. Grainger in a research note on Monday, November 7th. Finally, TheStreet lowered shares of W.W. Grainger from a “b” rating to a “c+” rating in a research note on Wednesday, January 25th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $238.79.
In other news, VP John L. Howard sold 11,000 shares of the business’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $230.00, for a total value of $2,530,000.00. Following the completion of the transaction, the vice president now directly owns 49,406 shares of the company’s stock, valued at $11,363,380. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman James T. Ryan sold 65,000 shares of the business’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $234.17, for a total value of $15,221,050.00. Following the completion of the transaction, the chairman now directly owns 163,478 shares of the company’s stock, valued at $38,281,643.26. The disclosure for this sale can be found here. Insiders own 9.60% of the company’s stock.
W.W. Grainger Company Profile
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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).
Receive News & Ratings for W.W. Grainger Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.W. Grainger Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.