Corebridge Financial Inc. Lowers Stake in W.W. Grainger, Inc. (NYSE:GWW)

Corebridge Financial Inc. lessened its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,660 shares of the industrial products company’s stock after selling 26 shares during the quarter. Corebridge Financial Inc.’s holdings in W.W. Grainger were worth $12,290,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans grew its stake in shares of W.W. Grainger by 4.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,233 shares of the industrial products company’s stock worth $2,320,000 after buying an additional 94 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of W.W. Grainger in the third quarter worth $294,000. Larson Financial Group LLC increased its holdings in shares of W.W. Grainger by 111.1% during the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 20 shares in the last quarter. Centaurus Financial Inc. purchased a new position in shares of W.W. Grainger in the 3rd quarter worth about $208,000. Finally, Summit Trail Advisors LLC boosted its stake in W.W. Grainger by 33.0% in the 3rd quarter. Summit Trail Advisors LLC now owns 419 shares of the industrial products company’s stock worth $436,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Price Performance

NYSE GWW opened at $989.47 on Wednesday. The company has a 50-day moving average price of $1,034.72 and a 200-day moving average price of $1,077.68. W.W. Grainger, Inc. has a 52 week low of $874.98 and a 52 week high of $1,227.66. 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 capitalization of $47.71 billion, a P/E ratio of 25.56, a PEG ratio of 2.70 and a beta of 1.18.

W.W. Grainger (NYSE:GWW) last announced its earnings results 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 net margin of 11.12% and a return on equity of 52.43%. During the same quarter in the previous year, the firm earned $8.33 EPS. Equities research analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were issued a $2.05 dividend. The ex-dividend date was Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a yield of 0.83%. W.W. Grainger’s dividend payout ratio is currently 21.18%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. cut their target price on 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. William Blair raised W.W. Grainger from a “market perform” rating to an “outperform” rating in a report on Monday, March 10th. Finally, Royal Bank of Canada lowered their price target on W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $1,151.50.

W.W. Grainger Company 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.