Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 0.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,992 shares of the industrial products company’s stock after selling 23 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in W.W. Grainger were worth $721,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of GWW. BlackRock Inc. lifted its holdings in shares of W.W. Grainger by 1,509.4% in the first quarter. BlackRock Inc. now owns 3,417,297 shares of the industrial products company’s stock worth $795,411,000 after buying an additional 3,204,962 shares in the last quarter. Longview Partners Guernsey LTD lifted its holdings in shares of W.W. Grainger by 32.6% in the second quarter. Longview Partners Guernsey LTD now owns 3,755,706 shares of the industrial products company’s stock worth $678,018,000 after buying an additional 923,948 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of W.W. Grainger in the first quarter worth about $147,000,000. APG Asset Management N.V. lifted its holdings in shares of W.W. Grainger by 655.0% in the second quarter. APG Asset Management N.V. now owns 462,647 shares of the industrial products company’s stock worth $83,522,000 after buying an additional 401,371 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of W.W. Grainger in the first quarter worth about $69,991,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.
GWW has been the topic of a number of recent analyst reports. Credit Suisse Group raised shares of W.W. Grainger to a “hold” rating and set a $175.00 price target on the stock in a report on Wednesday, July 19th. Morgan Stanley lowered their price target on shares of W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating on the stock in a report on Thursday, July 20th. BidaskClub downgraded shares of W.W. Grainger from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $198.00 price target on shares of W.W. Grainger in a report on Thursday, May 25th. Five investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $179.42.
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Shares of W.W. Grainger, Inc. (NYSE:GWW) opened at 168.95 on Friday. W.W. Grainger, Inc. has a 52 week low of $155.00 and a 52 week high of $262.71. The company has a 50-day moving average of $164.36 and a 200-day moving average of $189.98. The stock has a market capitalization of $9.75 billion, a P/E ratio of 19.48 and a beta of 0.74.
W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.09. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the prior year, the company posted $2.89 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts anticipate that W.W. Grainger, Inc. will post $10.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were paid a $1.28 dividend. The ex-dividend date was Thursday, August 10th. This represents a $5.12 annualized dividend and a yield of 3.03%. W.W. Grainger’s payout ratio is 59.12%.
W.W. Grainger 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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