Jefferies Group LLC increased its holdings in W W Grainger Inc (NYSE:GWW) by 512.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,712 shares of the industrial products company’s stock after purchasing an additional 14,821 shares during the quarter. Jefferies Group LLC’s holdings in W W Grainger were worth $6,330,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of W W Grainger in the third quarter valued at about $679,000. Bailard Inc. purchased a new position in shares of W W Grainger in the third quarter valued at about $222,000. Ibex Investors LLC purchased a new position in shares of W W Grainger in the third quarter valued at about $206,000. Wealthsource Partners LLC purchased a new position in shares of W W Grainger in the third quarter valued at about $211,000. Finally, Renaissance Technologies LLC increased its position in shares of W W Grainger by 37.4% in the third quarter. Renaissance Technologies LLC now owns 175,200 shares of the industrial products company’s stock valued at $62,618,000 after acquiring an additional 47,700 shares during the period. Institutional investors own 76.93% of the company’s stock.
Shares of GWW opened at $289.43 on Friday. The stock has a market cap of $16.87 billion, a PE ratio of 25.26, a P/E/G ratio of 1.48 and a beta of 1.11. 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 Inc has a 1-year low of $221.24 and a 1-year 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 EPS for the quarter, topping the consensus estimate of $3.96 by $0.23. W W Grainger had a net margin of 6.51% and a return on equity of 45.22%. The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the firm posted $2.79 earnings per share. W W Grainger’s quarterly revenue was up 7.4% on a year-over-year basis. Research analysts expect that W W Grainger Inc will post 16.3 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Monday, November 12th were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 1.88%. The ex-dividend date was Thursday, November 8th. W W Grainger’s payout ratio is currently 47.47%.
GWW has been the topic of a number of analyst reports. Macquarie boosted their price objective on shares of W W Grainger from $314.00 to $358.00 and gave the company a “neutral” rating in a research report on Wednesday, August 22nd. Oppenheimer lifted their target price on shares of W W Grainger from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, August 23rd. UBS Group lifted their target price on shares of W W Grainger from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Thursday, August 30th. Gordon Haskett initiated coverage on shares of W W Grainger in a research note on Friday, October 12th. They set a “hold” rating on the stock. Finally, ValuEngine lowered shares of W W Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. 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’s stock. W W Grainger has an average rating of “Hold” and an average target price 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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