Eudaimonia Partners LLC Acquires New Position in W.W. Grainger, Inc. (NYSE:GWW)

Eudaimonia Partners LLC acquired a new stake in shares of W.W. Grainger, Inc. (NYSE:GWWGet Rating) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 453 shares of the industrial products company’s stock, valued at approximately $222,000.

A number of other institutional investors have also modified their holdings of GWW. Fairfield Bush & CO. bought a new stake in shares of W.W. Grainger during the 1st quarter valued at about $30,000. Private Advisor Group LLC grew its position in W.W. Grainger by 2.2% in the 1st quarter. Private Advisor Group LLC now owns 1,067 shares of the industrial products company’s stock worth $550,000 after purchasing an additional 23 shares during the last quarter. Cibc World Market Inc. grew its position in W.W. Grainger by 67.9% in the 1st quarter. Cibc World Market Inc. now owns 789 shares of the industrial products company’s stock worth $407,000 after purchasing an additional 319 shares during the last quarter. Sei Investments Co. grew its position in W.W. Grainger by 33.6% in the 1st quarter. Sei Investments Co. now owns 26,661 shares of the industrial products company’s stock worth $13,947,000 after purchasing an additional 6,705 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in W.W. Grainger by 212.9% in the 1st quarter. Allianz Asset Management GmbH now owns 25,798 shares of the industrial products company’s stock worth $13,306,000 after purchasing an additional 17,553 shares during the last quarter. Institutional investors own 71.76% of the company’s stock.

Insider Activity at W.W. Grainger

In related news, CEO Donald G. Macpherson sold 14,380 shares of the stock in a transaction that occurred 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 completion of 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 document filed with the SEC, which can be accessed through the SEC website. Company insiders own 10.00% of the company’s stock.

W.W. Grainger Stock Up 1.6 %

GWW stock opened at $570.83 on Wednesday. W.W. Grainger, Inc. has a 12 month low of $440.48 and a 12 month high of $612.06. The firm has a market cap of $28.84 billion, a PE ratio of 20.41, a P/E/G ratio of 1.41 and a beta of 1.23. The firm has a 50 day simple moving average of $575.78 and a 200 day simple moving average of $550.60. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.63 and a quick ratio of 1.46.

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

Wall Street Analyst Weigh In

GWW has been the subject of several recent analyst reports. Oppenheimer upped their target price on shares of W.W. Grainger to $660.00 in a research report on Tuesday, November 1st. Wolfe Research cut shares of W.W. Grainger from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 14th. Atlantic Securities cut shares of W.W. Grainger from an “overweight” rating to a “neutral” rating and set a $630.00 target price for the company. in a research report on Tuesday, November 15th. StockNews.com began coverage on shares of W.W. Grainger in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Finally, Robert W. Baird upped their price target on shares of W.W. Grainger from $640.00 to $650.00 and gave the stock an “outperform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, W.W. Grainger currently has an average rating of “Hold” and an average price target of $592.43.

W.W. Grainger Profile

(Get Rating)

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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