Hall Laurie J Trustee decreased its position in shares of W W Grainger Inc (NYSE:GWW) by 3.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,225 shares of the company’s stock after selling 50 shares during the period. Hall Laurie J Trustee’s holdings in W W Grainger were worth $284,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp boosted its position in W W Grainger by 5.3% in the fourth quarter. State Street Corp now owns 3,247,283 shares of the company’s stock worth $754,163,000 after buying an additional 164,272 shares during the last quarter. Longview Partners Guernsey LTD boosted its position in W W Grainger by 1.5% in the third quarter. Longview Partners Guernsey LTD now owns 3,032,124 shares of the company’s stock worth $681,743,000 after buying an additional 45,052 shares during the last quarter. Wells Fargo & Company MN boosted its position in W W Grainger by 2.8% in the third quarter. Wells Fargo & Company MN now owns 1,351,780 shares of the company’s stock worth $303,934,000 after buying an additional 37,263 shares during the last quarter. BlackRock Fund Advisors boosted its position in W W Grainger by 3.0% in the third quarter. BlackRock Fund Advisors now owns 928,279 shares of the company’s stock worth $208,714,000 after buying an additional 27,349 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in W W Grainger by 12.9% in the third quarter. Mackenzie Financial Corp now owns 857,608 shares of the company’s stock worth $192,825,000 after buying an additional 97,875 shares during the last quarter. 80.18% of the stock is currently owned by hedge funds and other institutional investors.
W W Grainger Inc (NYSE:GWW) traded down 0.36% during mid-day trading on Thursday, reaching $222.90. The company’s stock had a trading volume of 593,190 shares. W W Grainger Inc has a 12-month low of $201.94 and a 12-month high of $262.71. The company has a market cap of $13.11 billion, a PE ratio of 22.58 and a beta of 0.82. The firm’s 50 day moving average is $241.51 and its 200-day moving average is $233.71.
W W Grainger (NYSE:GWW) last issued its earnings results on Wednesday, January 25th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.09. W W Grainger had a return on equity of 32.79% and a net margin of 5.98%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the business earned $2.49 earnings per share. The company’s revenue was down .3% compared to the same quarter last year. Equities analysts anticipate that W W Grainger Inc will post $11.87 earnings per share for the current fiscal year.
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GWW has been the topic of several recent analyst reports. BMO Capital Markets reissued a “buy” rating on shares of W W Grainger in a research note on Thursday, January 26th. Deutsche Bank AG raised W W Grainger from a “sell” rating to a “hold” rating and lifted their target price for the company from $194.00 to $246.00 in a research note on Thursday, January 26th. TheStreet raised W W Grainger from a “c+” rating to a “b-” rating in a research note on Monday, February 27th. Wells Fargo & Co reissued a “market perform” rating on shares of W W Grainger in a research note on Saturday, January 28th. Finally, Barclays PLC reissued an “equal weight” rating and set a $239.00 target price (up previously from $226.00) on shares of W W Grainger in a research note on Thursday, January 26th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $238.50.
In other news, VP Laura D. Brown sold 695 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $249.07, for a total value of $173,103.65. Following the sale, the vice president now owns 11,235 shares in the company, valued at $2,798,301.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joseph C. High sold 690 shares of the company’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $252.58, for a total value of $174,280.20. Following the completion of the sale, the vice president now owns 6,378 shares in the company, valued at approximately $1,610,955.24. The disclosure for this sale can be found here. Insiders sold 34,940 shares of company stock worth $8,712,647 in the last 90 days. Company 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.
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