Wells Fargo & Company MN raised its holdings in shares of W W Grainger Inc (NYSE:GWW) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 480,107 shares of the industrial products company’s stock after acquiring an additional 25,922 shares during the period. Wells Fargo & Company MN owned approximately 0.86% of W W Grainger worth $171,594,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. Financial Architects Inc increased its position in shares of W W Grainger by 1,195.7% in the 3rd quarter. Financial Architects Inc now owns 298 shares of the industrial products company’s stock valued at $107,000 after buying an additional 275 shares in the last quarter. Sun Life Financial INC increased its position in shares of W W Grainger by 60.4% in the 2nd quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock valued at $126,000 after buying an additional 154 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of W W Grainger in the 2nd quarter valued at $178,000. Global Financial Private Capital LLC bought a new stake in shares of W W Grainger in the 2nd quarter valued at $203,000. Finally, Mitchell Mcleod Pugh & Williams Inc. bought a new stake in shares of W W Grainger in the 3rd quarter valued at $204,000. Institutional investors own 75.28% of the company’s stock.
GWW has been the subject of a number of recent analyst reports. Gabelli cut shares of W W Grainger from a “buy” rating to a “hold” rating and set a $386.00 price objective for the company. in a research report on Monday, July 16th. UBS Group upped their price objective on shares of W W Grainger from $340.00 to $365.00 and gave the company a “hold” rating in a research report on Thursday, August 30th. Royal Bank of Canada upped their price objective on shares of W W Grainger to $243.00 and gave the company an “underperform” rating in a research report on Thursday, July 19th. They noted that the move was a valuation call. Oppenheimer upped their price objective on shares of W W Grainger from $400.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday, September 21st. Finally, Longbow Research restated a “hold” rating on shares of W W Grainger in a research report on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $308.43.
Shares of NYSE GWW opened at $293.75 on Friday. The firm has a market capitalization of $16.67 billion, a P/E ratio of 25.63, a P/E/G ratio of 1.47 and a beta of 1.06. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 1.44. W W Grainger Inc has a 1-year low of $191.39 and a 1-year high of $372.06.
W W Grainger (NYSE:GWW) last announced its earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.96 by $0.23. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.84 billion. W W Grainger had a net margin of 6.51% and a return on equity of 45.22%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.79 EPS. Sell-side analysts expect that W W Grainger Inc will post 16.29 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Monday, November 12th will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Thursday, November 8th. W W Grainger’s payout ratio is presently 47.47%.
In related news, Director Brian P. Anderson sold 1,000 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $360.18, for a total value of $360,180.00. Following the completion of the transaction, the director now directly owns 4,040 shares of the company’s stock, valued at approximately $1,455,127.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John L. Howard sold 14,990 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $368.20, for a total transaction of $5,519,318.00. Following the completion of the transaction, the vice president now directly owns 58,207 shares of the company’s stock, valued at $21,431,817.40. The disclosure for this sale can be found here. 10.10% of the stock is currently owned by corporate insiders.
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W W Grainger Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.
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