Canada Pension Plan Investment Board Buys 22,100 Shares of W.W. Grainger, Inc. (GWW)
Canada Pension Plan Investment Board increased its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 16.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 155,718 shares of the industrial products company’s stock after purchasing an additional 22,100 shares during the period. Canada Pension Plan Investment Board owned approximately 0.27% of W.W. Grainger worth $27,990,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GWW. Exane Derivatives acquired a new stake in W.W. Grainger during the third quarter worth approximately $101,000. Salem Investment Counselors Inc. grew its stake in W.W. Grainger by 1.0% during the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 6 shares during the period. Chicago Partners Investment Group LLC grew its stake in W.W. Grainger by 18,650.0% during the second quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 746 shares during the period. NEXT Financial Group Inc grew its stake in W.W. Grainger by 12.8% during the second quarter. NEXT Financial Group Inc now owns 883 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 100 shares during the period. Finally, Enterprise Financial Services Corp grew its stake in W.W. Grainger by 80.8% during the second quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 403 shares during the period. 83.99% of the stock is owned by institutional investors and hedge funds.
W.W. Grainger, Inc. (NYSE:GWW) opened at $203.58 on Tuesday. W.W. Grainger, Inc. has a fifty-two week low of $155.00 and a fifty-two week high of $262.71. The company has a quick ratio of 1.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $11,397.21, a P/E ratio of 18.23, a PEG ratio of 1.94 and a beta of 0.78.
W.W. Grainger (NYSE:GWW) last posted its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.56 by $0.34. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the company earned $3.06 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. sell-side analysts forecast that W.W. Grainger, Inc. will post 10.65 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be issued a $1.28 dividend. The ex-dividend date is Friday, November 10th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 2.51%. W.W. Grainger’s dividend payout ratio is presently 60.95%.
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Several equities research analysts recently commented on the company. UBS AG cut W.W. Grainger from a “neutral” rating to a “sell” rating and raised their target price for the stock from $170.00 to $195.00 in a research note on Thursday, October 19th. Atlantic Securities raised W.W. Grainger from an “underweight” rating to a “neutral” rating in a research note on Thursday, October 19th. Credit Suisse Group set a $172.00 target price on W.W. Grainger and gave the stock a “sell” rating in a research note on Wednesday, October 18th. Morgan Stanley set a $185.00 target price on W.W. Grainger and gave the stock a “sell” rating in a research note on Wednesday, October 18th. Finally, Oppenheimer Holdings, Inc. raised W.W. Grainger from a “market perform” rating to an “outperform” rating and set a $245.00 target price for the company in a research note on Wednesday, October 18th. Seven analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $190.85.
In related news, VP Paige K. Robbins sold 346 shares of W.W. Grainger stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $202.31, for a total transaction of $69,999.26. Following the sale, the vice president now directly owns 8,400 shares in the company, valued at $1,699,404. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Eric R. Tapia sold 190 shares of W.W. Grainger stock in a transaction on Friday, October 20th. The stock was sold at an average price of $208.26, for a total value of $39,569.40. Following the sale, the vice president now owns 3,748 shares in the company, valued at $780,558.48. The disclosure for this sale can be found here. 9.60% of the stock is owned by company insiders.
W.W. Grainger Profile
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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