Mission Wealth Management LP raised its holdings in W W Grainger Inc (NYSE:GWW) by 7.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 819 shares of the industrial products company’s stock after acquiring an additional 59 shares during the period. Mission Wealth Management LP’s holdings in W W Grainger were worth $292,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of W W Grainger by 37.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 310,105 shares of the industrial products company’s stock valued at $97,423,000 after buying an additional 84,154 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of W W Grainger by 127.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 128,160 shares of the industrial products company’s stock valued at $45,724,000 after buying an additional 71,715 shares in the last quarter. AJO LP purchased a new position in shares of W W Grainger during the 2nd quarter valued at about $16,933,000. Hexavest Inc. purchased a new position in shares of W W Grainger during the 2nd quarter valued at about $13,922,000. Finally, Dana Investment Advisors Inc. purchased a new position in shares of W W Grainger during the 2nd quarter valued at about $12,749,000. 72.27% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on W W Grainger from $250.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, July 2nd. Robert W. Baird raised their price target on W W Grainger from $335.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft raised their price target on W W Grainger from $359.00 to $383.00 and gave the stock a “hold” rating in a research report on Friday, July 24th. UBS Group started coverage on W W Grainger in a research report on Tuesday, September 15th. They set a “buy” rating and a $416.00 price target on the stock. Finally, Stephens started coverage on W W Grainger in a research report on Thursday. They set an “equal weight” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. W W Grainger currently has an average rating of “Hold” and a consensus price target of $349.86.
In other news, VP John L. Howard sold 2,679 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $342.98, for a total value of $918,843.42. Following the completion of the transaction, the vice president now owns 42,246 shares in the company, valued at approximately $14,489,533.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Susan Slavik Williams sold 67,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $348.98, for a total value of $23,381,660.00. Following the completion of the transaction, the director now owns 4,810,153 shares of the company’s stock, valued at approximately $1,678,647,193.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,378 shares of company stock worth $30,634,680. Corporate insiders own 13.97% of the company’s stock.
Shares of GWW stock opened at $383.54 on Friday. The firm has a market cap of $20.55 billion, a P/E ratio of 33.58, a P/E/G ratio of 2.56 and a beta of 1.02. W W Grainger Inc has a fifty-two week low of $200.61 and a fifty-two week high of $392.52. The business’s 50 day moving average price is $361.38 and its 200-day moving average price is $319.96. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.32 and a current ratio of 3.54.
W W Grainger (NYSE:GWW) last issued its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $3.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.39 by $0.36. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.77 billion. W W Grainger had a return on equity of 42.19% and a net margin of 5.34%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $4.64 EPS. As a group, equities analysts predict that W W Grainger Inc will post 15.83 EPS for the current year.
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.
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