Pictet Asset Management Ltd. raised its holdings in shares of W W Grainger Inc (NYSE:GWW) by 11.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 30,181 shares of the industrial products company’s stock after acquiring an additional 3,190 shares during the period. Pictet Asset Management Ltd.’s holdings in W W Grainger were worth $8,968,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Bank of America Corp DE grew its position in W W Grainger by 6.2% during the second quarter. Bank of America Corp DE now owns 740,780 shares of the industrial products company’s stock worth $198,699,000 after buying an additional 43,437 shares in the last quarter. Stone Ridge Asset Management LLC boosted its holdings in shares of W W Grainger by 5.9% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 5,358 shares of the industrial products company’s stock worth $1,437,000 after purchasing an additional 300 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in shares of W W Grainger by 6.1% in the 3rd quarter. Raymond James Trust N.A. now owns 2,010 shares of the industrial products company’s stock worth $598,000 after purchasing an additional 115 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in shares of W W Grainger by 13.2% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 4,898 shares of the industrial products company’s stock worth $1,439,000 after purchasing an additional 571 shares in the last quarter. Finally, Bartlett & Co. LLC boosted its holdings in shares of W W Grainger by 702.0% in the 3rd quarter. Bartlett & Co. LLC now owns 2,807 shares of the industrial products company’s stock worth $834,000 after purchasing an additional 2,457 shares in the last quarter. Institutional investors and hedge funds own 72.06% of the company’s stock.
GWW has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on W W Grainger from $297.00 to $301.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Buckingham Research upped their price objective on W W Grainger from $295.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $291.78.
In related news, VP John L. Howard sold 11,716 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $305.68, for a total transaction of $3,581,346.88. Following the completion of the sale, the vice president now directly owns 54,933 shares in the company, valued at approximately $16,791,919.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eric R. Tapia sold 865 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $319.52, for a total value of $276,384.80. Following the sale, the vice president now owns 3,276 shares of the company’s stock, valued at $1,046,747.52. The disclosure for this sale can be found here. Insiders have sold a total of 12,921 shares of company stock valued at $3,965,960 over the last 90 days. 8.50% of the stock is currently owned by company insiders.
Shares of GWW stock opened at $315.03 on Tuesday. The stock has a market capitalization of $17.07 billion, a PE ratio of 18.25, a P/E/G ratio of 1.60 and a beta of 0.97. W W Grainger Inc has a 1-year low of $255.09 and a 1-year high of $327.76. The business has a 50-day moving average of $316.84 and a 200 day moving average of $286.08. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.16 and a quick ratio of 1.19.
W W Grainger (NYSE:GWW) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.26 earnings per share for the quarter, missing the consensus estimate of $4.40 by ($0.14). The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.94 billion. W W Grainger had a net margin of 8.38% and a return on equity of 46.07%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.19 earnings per share. Analysts anticipate that W W Grainger Inc will post 17.48 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Monday, November 11th were issued a dividend of $1.44 per share. This represents a $5.76 annualized dividend and a yield of 1.83%. The ex-dividend date was Thursday, November 7th. W W Grainger’s dividend payout ratio is presently 34.49%.
W W Grainger Company Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.
Recommended Story: How dollar cost averaging works
Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W W Grainger Inc (NYSE:GWW).
Receive News & Ratings for W W Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W W Grainger and related companies with MarketBeat.com's FREE daily email newsletter.