Good Life Advisors LLC Takes Position in W.W. Grainger, Inc. (GWW)
Good Life Advisors LLC purchased a new position in W.W. Grainger, Inc. (NYSE:GWW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,150 shares of the industrial products company’s stock, valued at approximately $206,000.
Other large investors have also modified their holdings of the company. Tobam acquired a new stake in W.W. Grainger in the 2nd quarter worth about $7,228,000. Neuberger Berman Group LLC boosted its stake in W.W. Grainger by 16.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 852,421 shares of the industrial products company’s stock worth $153,888,000 after buying an additional 119,186 shares during the last quarter. Ronna Sue Cohen acquired a new stake in W.W. Grainger in the 3rd quarter worth about $3,651,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in W.W. Grainger by 2.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 168,049 shares of the industrial products company’s stock worth $30,338,000 after buying an additional 4,210 shares during the last quarter. Finally, State Farm Mutual Automobile Insurance Co. boosted its stake in W.W. Grainger by 102.3% in the 2nd quarter. State Farm Mutual Automobile Insurance Co. now owns 41,570 shares of the industrial products company’s stock worth $7,505,000 after buying an additional 21,017 shares during the last quarter. 83.99% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on the company. UBS AG lowered W.W. Grainger from a “neutral” rating to a “sell” rating and raised their price target 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 price objective on W.W. Grainger and gave the company a “sell” rating in a research note on Wednesday, October 18th. Morgan Stanley set a $185.00 price objective on W.W. Grainger and gave the company 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 price objective on the stock in a research note on Wednesday, October 18th. Seven research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $190.85.
In related news, VP Eric R. Tapia sold 190 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $208.26, for a total transaction of $39,569.40. Following the transaction, the vice president now directly owns 3,748 shares of the company’s stock, valued at $780,558.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paige K. Robbins sold 346 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $202.31, for a total value of $69,999.26. Following the transaction, the vice president now directly owns 8,400 shares in the company, valued at $1,699,404. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by insiders.
W.W. Grainger, Inc. (NYSE GWW) traded up $3.02 during trading on Monday, reaching $203.03. The company had a trading volume of 120,554 shares, compared to its average volume of 1,519,118. The firm has a market cap of $11,397.21, a price-to-earnings ratio of 18.23, a PEG ratio of 1.94 and a beta of 0.78. The company has a quick ratio of 1.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.19. W.W. Grainger, Inc. has a 12-month low of $155.00 and a 12-month high of $262.71.
W.W. Grainger (NYSE:GWW) last announced its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.34. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.65 billion. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. W.W. Grainger’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.06 earnings per share. sell-side analysts anticipate that W.W. Grainger, Inc. will post 10.65 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Friday, November 10th. W.W. Grainger’s payout ratio is 60.95%.
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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