Ronna Sue Cohen purchased a new stake in W W Grainger Inc (NYSE:GWW) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,312 shares of the industrial products company’s stock, valued at approximately $3,651,000. W W Grainger makes up about 2.6% of Ronna Sue Cohen’s investment portfolio, making the stock its 9th biggest holding.
A number of other hedge funds also recently bought and sold shares of GWW. FMR LLC lifted its stake in shares of W W Grainger by 94.6% in the second quarter. FMR LLC now owns 1,386,729 shares of the industrial products company’s stock worth $427,667,000 after acquiring an additional 673,993 shares during the period. Cornerstone Wealth Management LLC lifted its stake in W W Grainger by 34,096.9% in the second quarter. Cornerstone Wealth Management LLC now owns 445,586 shares of the industrial products company’s stock valued at $1,454,000 after buying an additional 444,283 shares during the period. Bank of Montreal Can lifted its stake in W W Grainger by 493.8% in the second quarter. Bank of Montreal Can now owns 404,210 shares of the industrial products company’s stock valued at $124,656,000 after buying an additional 336,133 shares during the period. Millennium Management LLC lifted its stake in W W Grainger by 4,050.2% in the first quarter. Millennium Management LLC now owns 283,503 shares of the industrial products company’s stock valued at $80,024,000 after buying an additional 276,672 shares during the period. Finally, Voya Investment Management LLC lifted its stake in W W Grainger by 680.6% in the second quarter. Voya Investment Management LLC now owns 239,514 shares of the industrial products company’s stock valued at $73,866,000 after buying an additional 208,829 shares during the period. 75.28% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently weighed in on GWW shares. ValuEngine lowered W W Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Gordon Haskett started coverage on W W Grainger in a research report on Friday, October 12th. They set a “hold” rating on the stock. UBS Group upped their target price on W W Grainger from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Thursday, August 30th. Cfra set a $350.00 price target on W W Grainger and gave the stock a “hold” rating in a report on Wednesday, July 18th. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of W W Grainger in a report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $308.43.
In other news, VP John L. Howard sold 14,990 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $368.20, for a total value of $5,519,318.00. Following the completion of the transaction, the vice president now owns 58,207 shares in the company, valued at approximately $21,431,817.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brian P. Anderson sold 1,000 shares of the firm’s stock in a transaction that occurred 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 owns 4,040 shares of the company’s stock, valued at approximately $1,455,127.20. The disclosure for this sale can be found here. 10.10% of the stock is currently owned by company insiders.
NYSE:GWW opened at $287.58 on Wednesday. W W Grainger Inc has a twelve month low of $191.39 and a twelve month high of $372.06. The stock has a market capitalization of $16.24 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 1.43 and a beta of 1.06. 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 announced its quarterly earnings data on Tuesday, October 16th. The industrial products company reported $4.19 EPS for the quarter, beating the consensus estimate of $3.96 by $0.23. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the company earned $2.79 EPS. The company’s revenue was up 7.4% on a year-over-year basis. As a group, research analysts expect that W W Grainger Inc will post 16.29 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Monday, November 12th will be given a $1.36 dividend. The ex-dividend date is Thursday, November 8th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.89%. W W Grainger’s dividend payout ratio is currently 47.47%.
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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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