CIBC Asset Management Inc Has $3.08 Million Stake in W.W. Grainger, Inc. (NYSE:GWW)

CIBC Asset Management Inc lifted its stake in W.W. Grainger, Inc. (NYSE:GWWGet Rating) by 12.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,293 shares of the industrial products company’s stock after purchasing an additional 706 shares during the period. CIBC Asset Management Inc’s holdings in W.W. Grainger were worth $3,078,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GWW. Strengthening Families & Communities LLC raised its position in shares of W.W. Grainger by 51.5% in the 3rd quarter. Strengthening Families & Communities LLC now owns 1,029 shares of the industrial products company’s stock valued at $502,000 after acquiring an additional 350 shares during the period. Duality Advisers LP acquired a new stake in W.W. Grainger in the third quarter worth $3,170,000. Hills Bank & Trust Co boosted its position in shares of W.W. Grainger by 2.9% during the third quarter. Hills Bank & Trust Co now owns 3,945 shares of the industrial products company’s stock worth $1,930,000 after purchasing an additional 111 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of W.W. Grainger by 4.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 31,538 shares of the industrial products company’s stock valued at $15,428,000 after buying an additional 1,399 shares during the period. Finally, Barclays PLC increased its position in shares of W.W. Grainger by 20.7% in the 3rd quarter. Barclays PLC now owns 83,728 shares of the industrial products company’s stock valued at $40,957,000 after buying an additional 14,379 shares in the last quarter. 71.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at W.W. Grainger

In other W.W. Grainger news, CEO Donald G. Macpherson sold 14,380 shares of the company’s stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $599.53, for a total transaction of $8,621,241.40. Following the sale, the chief executive officer now directly owns 69,119 shares of the company’s stock, valued at $41,438,914.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.00% of the stock is owned by company insiders.

Analyst Ratings Changes

GWW has been the topic of several recent analyst reports. Wolfe Research lowered W.W. Grainger from an “outperform” rating to a “peer perform” rating in a report on Monday, November 14th. UBS Group lifted their price objective on W.W. Grainger from $635.00 to $695.00 and gave the company a “buy” rating in a report on Tuesday, November 29th. StockNews.com started coverage on W.W. Grainger in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Atlantic Securities lowered shares of W.W. Grainger from an “overweight” rating to a “neutral” rating and set a $630.00 price target on the stock. in a research note on Tuesday, November 15th. Finally, Robert W. Baird upped their price target on shares of W.W. Grainger from $640.00 to $650.00 and gave the company an “outperform” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, W.W. Grainger presently has a consensus rating of “Hold” and an average target price of $592.43.

W.W. Grainger Trading Up 1.6 %

W.W. Grainger stock opened at $570.83 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.63 and a quick ratio of 1.46. The firm has a 50-day moving average of $575.78 and a 200-day moving average of $550.60. The company has a market cap of $28.84 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 1.41 and a beta of 1.23. W.W. Grainger, Inc. has a one year low of $440.48 and a one year high of $612.06.

W.W. Grainger (NYSE:GWWGet Rating) last posted its quarterly earnings results on Friday, October 28th. The industrial products company reported $8.27 earnings per share for the quarter, beating analysts’ consensus estimates of $7.19 by $1.08. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.88 billion. W.W. Grainger had a return on equity of 60.31% and a net margin of 9.75%. On average, equities analysts expect that W.W. Grainger, Inc. will post 29.47 earnings per share for the current fiscal year.

About W.W. Grainger

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W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. It offers safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.

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

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