Eaton Vance Management boosted its holdings in shares of W W Grainger Inc (NYSE:GWW) by 45.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,895 shares of the industrial products company’s stock after purchasing an additional 4,024 shares during the quarter. Eaton Vance Management’s holdings in W W Grainger were worth $4,609,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Piedmont Investment Advisors LLC bought a new position in W W Grainger in the 2nd quarter valued at $178,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of W W Grainger by 80.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,184 shares of the industrial products company’s stock worth $1,599,000 after acquiring an additional 2,316 shares during the last quarter. Smith Asset Management Group LP bought a new stake in shares of W W Grainger during the 2nd quarter worth $10,516,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of W W Grainger during the 2nd quarter worth $2,629,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of W W Grainger by 12.0% during the 2nd quarter. Victory Capital Management Inc. now owns 8,257 shares of the industrial products company’s stock worth $2,546,000 after acquiring an additional 882 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.
GWW has been the subject of a number of research analyst reports. Oppenheimer lifted their price objective on shares of W W Grainger from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, September 21st. BMO Capital Markets dropped their price objective on shares of W W Grainger from $332.00 to $330.00 and set a “market perform” rating for the company in a report on Wednesday, October 17th. Macquarie lifted their price objective on shares of W W Grainger from $314.00 to $358.00 and gave the stock a “neutral” rating in a report on Wednesday, August 22nd. ValuEngine downgraded shares of W W Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, Gordon Haskett initiated coverage on shares of W W Grainger in a report on Friday, October 12th. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company. W W Grainger presently has a consensus rating of “Hold” and a consensus price target of $308.43.
Shares of NYSE:GWW opened at $289.43 on Friday. The firm has a market capitalization of $16.87 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 1.48 and a beta of 1.11. W W Grainger Inc has a 52 week low of $221.24 and a 52 week high of $372.06. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.44 and a current ratio of 2.44.
W W Grainger (NYSE:GWW) last issued its earnings results on Tuesday, October 16th. The industrial products company reported $4.19 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.23. The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.84 billion. W W Grainger had a net margin of 6.51% and a return on equity of 45.22%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.79 EPS. As a group, equities analysts forecast that W W Grainger Inc will post 16.3 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Monday, November 12th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Thursday, November 8th. W W Grainger’s payout ratio is presently 47.47%.
About W W Grainger
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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