Enterprise Bank & Trust Co Has $949,000 Stock Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Enterprise Bank & Trust Co boosted its stake in W.W. Grainger, Inc. (NYSE:GWW) by 12.4% in the fourth quarter, HoldingsChannel reports. The firm owned 900 shares of the industrial products company’s stock after buying an additional 99 shares during the period. Enterprise Bank & Trust Co’s holdings in W.W. Grainger were worth $949,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GWW. Massachusetts Financial Services Co. MA acquired a new stake in W.W. Grainger in the second quarter worth $281,104,000. International Assets Investment Management LLC lifted its stake in shares of W.W. Grainger by 92,754.3% in the third quarter. International Assets Investment Management LLC now owns 87,283 shares of the industrial products company’s stock valued at $906,700,000 after buying an additional 87,189 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of W.W. Grainger by 563.3% in the second quarter. Renaissance Technologies LLC now owns 72,300 shares of the industrial products company’s stock valued at $65,232,000 after buying an additional 61,400 shares in the last quarter. Champlain Investment Partners LLC bought a new position in shares of W.W. Grainger in the third quarter valued at $55,815,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in shares of W.W. Grainger by 43.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 154,324 shares of the industrial products company’s stock valued at $139,237,000 after buying an additional 47,053 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Price Performance

W.W. Grainger stock traded up $25.26 during mid-day trading on Monday, hitting $1,077.74. 166,912 shares of the company traded hands, compared to its average volume of 219,049. W.W. Grainger, Inc. has a one year low of $833.50 and a one year high of $1,227.66. The stock has a market cap of $52.49 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 3.15 and a beta of 1.18. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.59. The stock has a fifty day moving average price of $1,139.89 and a 200-day moving average price of $1,046.00.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $9.87 earnings per share for the quarter, missing analysts’ consensus estimates of $9.98 by ($0.11). The business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $9.43 earnings per share. On average, equities analysts predict that W.W. Grainger, Inc. will post 38.94 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 11th were issued a $2.05 dividend. The ex-dividend date was Friday, November 8th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.76%. W.W. Grainger’s payout ratio is 22.23%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GWW shares. Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a research report on Sunday, September 22nd. Morgan Stanley lifted their price objective on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 19th. Oppenheimer downgraded shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, Robert W. Baird raised shares of W.W. Grainger from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $975.00 to $1,230.00 in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1,140.56.

Insider Transactions at W.W. Grainger

In related news, VP Paige K. Robbins sold 9,577 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the completion of the sale, the vice president now directly owns 4,379 shares in the company, valued at $4,895,021.36. This represents a 68.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Laurie R. Thomson sold 125 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the sale, the vice president now owns 675 shares of the company’s stock, valued at $814,070.25. This represents a 15.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,406 shares of company stock worth $11,634,643. 9.50% of the stock is currently owned by insiders.

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.