W W Grainger Inc (GWW) Shares Sold by Calamos Advisors LLC
Calamos Advisors LLC lowered its position in shares of W W Grainger Inc (NYSE:GWW) by 2.1% in the 4th quarter, Holdings Channel reports. The firm owned 14,963 shares of the industrial products company’s stock after selling 317 shares during the quarter. Calamos Advisors LLC’s holdings in W W Grainger were worth $3,535,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Yorktown Management & Research Co Inc bought a new stake in W W Grainger during the fourth quarter worth about $1,181,000. Allianz Asset Management GmbH bought a new stake in W W Grainger during the fourth quarter worth about $479,000. Amalgamated Bank lifted its stake in W W Grainger by 8.3% during the fourth quarter. Amalgamated Bank now owns 6,772 shares of the industrial products company’s stock worth $1,600,000 after purchasing an additional 519 shares during the last quarter. Assetmark Inc. lifted its stake in W W Grainger by 253.3% during the fourth quarter. Assetmark Inc. now owns 1,247 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 894 shares during the last quarter. Finally, Bank of Hawaii bought a new stake in W W Grainger during the fourth quarter worth about $477,000. 82.69% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have issued reports on GWW. BMO Capital Markets lifted their price target on W W Grainger from $224.00 to $235.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $278.00 price target on shares of W W Grainger in a research note on Friday, January 26th. Zacks Investment Research raised W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 price target for the company in a research note on Tuesday, January 30th. KeyCorp reaffirmed a “hold” rating on shares of W W Grainger in a research note on Monday, November 13th. Finally, Wells Fargo & Co boosted their target price on W W Grainger from $220.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $234.38.
W W Grainger (NYSE:GWW) last released its earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.76. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the company posted $2.45 EPS. W W Grainger’s revenue for the quarter was up 6.5% on a year-over-year basis. analysts expect that W W Grainger Inc will post 13.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Monday, February 12th were given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Friday, February 9th. W W Grainger’s payout ratio is 51.10%.
In other W W Grainger news, VP Eric R. Tapia sold 100 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $266.06, for a total transaction of $26,606.00. Following the completion of the transaction, the vice president now owns 3,563 shares of the company’s stock, valued at approximately $947,971.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lucas E. Watson purchased 195 shares of the stock in a transaction on Monday, February 5th. The shares were acquired at an average cost of $256.51 per share, with a total value of $50,019.45. The disclosure for this purchase can be found here. Corporate insiders own 9.60% of the company’s stock.
About W W Grainger
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.
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