Gofen & Glossberg LLC IL Cuts Stake in W W Grainger Inc (GWW)
Gofen & Glossberg LLC IL lessened its position in shares of W W Grainger Inc (NYSE:GWW) by 12.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,397 shares of the industrial products company’s stock after selling 3,614 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in W W Grainger were worth $5,764,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in GWW. Tredje AP fonden increased its position in W W Grainger by 32.2% during the 3rd quarter. Tredje AP fonden now owns 3,450 shares of the industrial products company’s stock worth $620,000 after purchasing an additional 840 shares in the last quarter. Ronna Sue Cohen purchased a new stake in W W Grainger during the 3rd quarter worth about $3,651,000. Koch Industries Inc. increased its position in W W Grainger by 27,293.0% during the 2nd quarter. Koch Industries Inc. now owns 471,433 shares of the industrial products company’s stock worth $469,000 after purchasing an additional 469,712 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in W W Grainger during the 2nd quarter worth about $1,195,000. Finally, Pinebridge Investments L.P. increased its position in W W Grainger by 47.1% during the 3rd quarter. Pinebridge Investments L.P. now owns 5,128 shares of the industrial products company’s stock worth $921,000 after purchasing an additional 1,642 shares in the last quarter. 85.09% of the stock is owned by institutional investors and hedge funds.
Shares of W W Grainger Inc (NYSE GWW) opened at $231.81 on Wednesday. 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 company has a market capitalization of $13,429.23, a PE ratio of 27.60, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82. W W Grainger Inc has a fifty-two week low of $155.00 and a fifty-two week high of $262.71.
In other news, VP Eric R. Tapia sold 190 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $208.26, for a total transaction of $39,569.40. Following the completion of the sale, the vice president now owns 3,748 shares in the company, valued at approximately $780,558.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paige K. Robbins sold 346 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $202.31, for a total value of $69,999.26. Following the sale, the vice president now owns 8,400 shares of the company’s stock, valued at approximately $1,699,404. The disclosure for this sale can be found here. Insiders sold a total of 30,694 shares of company stock valued at $6,873,861 in the last 90 days. 9.60% of the stock is owned by company insiders.
A number of research firms recently commented on GWW. Credit Suisse Group reiterated an “underperform” rating and set a $190.00 price objective (up previously from $172.00) on shares of W W Grainger in a research report on Tuesday, January 9th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “sell” rating and set a $192.00 price objective on shares of W W Grainger in a research report on Thursday, January 4th. Zacks Investment Research cut W W Grainger from a “hold” rating to a “strong sell” rating in a research report on Tuesday. TheStreet upgraded W W Grainger from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Finally, UBS Group cut W W Grainger from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $170.00 to $195.00 in a research report on Thursday, October 19th. Seven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $195.77.
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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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