Parametrica Management Ltd increased its stake in shares of W W Grainger Inc (NYSE:GWW) by 251.1% during the first quarter, Holdings Channel reports. The firm owned 3,181 shares of the company’s stock after buying an additional 2,275 shares during the period. W W Grainger comprises about 0.8% of Parametrica Management Ltd’s investment portfolio, making the stock its 12th largest position. Parametrica Management Ltd’s holdings in W W Grainger were worth $740,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of GWW. Northwest Quadrant Wealth Management LLC acquired a new stake in shares of W W Grainger during the fourth quarter worth $127,000. Ibex Wealth Advisors acquired a new stake in shares of W W Grainger during the fourth quarter worth $134,000. Cornerstone Advisors Inc. raised its stake in shares of W W Grainger by 3,122.2% in the third quarter. Cornerstone Advisors Inc. now owns 580 shares of the company’s stock worth $130,000 after buying an additional 562 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new stake in shares of W W Grainger during the third quarter worth $183,000. Finally, HighPoint Advisor Group LLC acquired a new stake in shares of W W Grainger during the fourth quarter worth $206,000. Hedge funds and other institutional investors own 80.18% of the company’s stock.
W W Grainger Inc (NYSE:GWW) traded down 0.99% during midday trading on Thursday, reaching $221.50. The company had a trading volume of 892,635 shares. W W Grainger Inc has a 52-week low of $201.94 and a 52-week high of $262.71. The company has a market capitalization of $13.03 billion, a P/E ratio of 22.44 and a beta of 0.82. The company’s 50 day moving average is $241.51 and its 200-day moving average is $233.71.
W W Grainger (NYSE:GWW) last released its quarterly earnings data on Wednesday, January 25th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.09. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. W W Grainger had a net margin of 5.98% and a return on equity of 32.79%. W W Grainger’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.49 earnings per share. Equities analysts expect that W W Grainger Inc will post $11.87 earnings per share for the current fiscal year.
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A number of brokerages have weighed in on GWW. Royal Bank of Canada reaffirmed a “sell” rating and issued a $209.00 price objective on shares of W W Grainger in a report on Tuesday. Morgan Stanley lifted their price objective on W W Grainger from $229.00 to $233.00 and gave the company an “underweight” rating in a report on Thursday, January 26th. Stifel Nicolaus lifted their price objective on W W Grainger from $245.00 to $266.00 and gave the company a “hold” rating in a report on Friday, January 27th. Deutsche Bank AG raised W W Grainger from a “sell” rating to a “hold” rating and lifted their price objective for the company from $194.00 to $246.00 in a report on Thursday, January 26th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $239.00 price objective (up previously from $226.00) on shares of W W Grainger in a report on Thursday, January 26th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $238.50.
In related news, Chairman James T. Ryan sold 2,369 shares of the stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $252.46, for a total transaction of $598,077.74. Following the sale, the chairman now owns 167,842 shares in the company, valued at $42,373,391.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Ronald L. Jadin sold 31,186 shares of the stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $249.06, for a total transaction of $7,767,185.16. Following the sale, the vice president now owns 51,645 shares in the company, valued at approximately $12,862,703.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,940 shares of company stock worth $8,712,647. 9.60% of the stock is owned by company insiders.
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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