Aviva PLC Has $12.48 Million Stake in W W Grainger Inc (GWW)

Aviva PLC lifted its stake in W W Grainger Inc (NYSE:GWW) by 46.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,905 shares of the industrial products company’s stock after buying an additional 11,016 shares during the period. Aviva PLC owned approximately 0.06% of W W Grainger worth $12,475,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GWW. Sun Life Financial INC grew its stake in shares of W W Grainger by 60.4% in the second quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 154 shares during the last quarter. MainStreet Investment Advisors LLC grew its stake in shares of W W Grainger by 1.3% in the third quarter. MainStreet Investment Advisors LLC now owns 14,070 shares of the industrial products company’s stock worth $5,029,000 after purchasing an additional 179 shares during the last quarter. Martingale Asset Management L P grew its stake in shares of W W Grainger by 1.3% in the second quarter. Martingale Asset Management L P now owns 15,083 shares of the industrial products company’s stock worth $4,652,000 after purchasing an additional 190 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of W W Grainger by 4.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,142 shares of the industrial products company’s stock worth $1,480,000 after purchasing an additional 190 shares during the last quarter. Finally, People s United Financial Inc. grew its stake in shares of W W Grainger by 17.2% in the second quarter. People s United Financial Inc. now owns 1,444 shares of the industrial products company’s stock worth $445,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

W W Grainger stock opened at $314.04 on Monday. The company has a current ratio of 2.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.02. The company has a market cap of $17.69 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 1.55 and a beta of 1.06. W W Grainger Inc has a fifty-two week low of $210.73 and a fifty-two week high of $372.06.

W W Grainger (NYSE:GWW) last posted its quarterly earnings data on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.96 by $0.23. The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.84 billion. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.79 EPS. As a group, analysts forecast that W W Grainger Inc will post 16.3 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Monday, November 12th were given a dividend of $1.36 per share. The ex-dividend date was Thursday, November 8th. This represents a $5.44 annualized dividend and a yield of 1.73%. W W Grainger’s payout ratio is 47.47%.

Several research firms recently issued reports on GWW. Longbow Research reissued a “hold” rating on shares of W W Grainger in a research note on Wednesday, October 17th. UBS Group raised their target price on W W Grainger from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Thursday, August 30th. Oppenheimer cut their target price on W W Grainger from $410.00 to $365.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 17th. ValuEngine cut W W Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Gordon Haskett began coverage on W W Grainger in a research note on Friday, October 12th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company’s stock. W W Grainger has an average rating of “Hold” and an average price target of $308.43.

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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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Institutional Ownership by Quarter for W W Grainger (NYSE:GWW)

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