Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of W W Grainger Inc (NYSE:GWW) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,300 shares of the industrial products company’s stock, valued at approximately $401,000.

Other institutional investors have also made changes to their positions in the company. Sun Life Financial INC grew its stake in shares of W W Grainger by 60.4% during the second quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 154 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of W W Grainger during the second quarter valued at about $178,000. Global Financial Private Capital LLC acquired a new stake in shares of W W Grainger during the second quarter valued at about $203,000. Balasa Dinverno & Foltz LLC acquired a new stake in shares of W W Grainger during the second quarter valued at about $211,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in shares of W W Grainger during the second quarter valued at about $213,000. Institutional investors own 79.11% of the company’s stock.

Shares of GWW stock opened at $356.09 on Monday. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 1.08. W W Grainger Inc has a one year low of $166.46 and a one year high of $372.06. The stock has a market cap of $19.99 billion, a PE ratio of 24.75, a P/E/G ratio of 1.78 and a beta of 0.84.

W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Wednesday, July 18th. The industrial products company reported $4.37 EPS for the quarter, topping the consensus estimate of $3.78 by $0.59. W W Grainger had a net margin of 7.16% and a return on equity of 42.66%. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter last year, the company posted $1.67 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. analysts anticipate that W W Grainger Inc will post 16.05 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Stockholders of record on Monday, August 13th were given a dividend of $1.36 per share. The ex-dividend date was Friday, August 10th. This represents a $5.44 annualized dividend and a dividend yield of 1.53%. W W Grainger’s payout ratio is 47.47%.

In other news, Chairman Donald G. Macpherson sold 21,448 shares of the stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $342.39, for a total transaction of $7,343,580.72. Following the transaction, the chairman now owns 39,118 shares of the company’s stock, valued at $13,393,612.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Eric R. Tapia sold 1,534 shares of the firm’s stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $338.19, for a total transaction of $518,783.46. Following the completion of the transaction, the vice president now directly owns 2,278 shares in the company, valued at approximately $770,396.82. The disclosure for this sale can be found here. Insiders have sold 38,972 shares of company stock worth $13,741,862 in the last ninety days. Corporate insiders own 10.10% of the company’s stock.

Several analysts have recently weighed in on the company. Oppenheimer raised their target price on W W Grainger from $400.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group raised their target price on W W Grainger from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Thursday, August 30th. Macquarie raised their target price on W W Grainger from $314.00 to $358.00 and gave the company a “neutral” rating in a research note on Wednesday, August 22nd. Royal Bank of Canada raised their target price on W W Grainger to $243.00 and gave the company an “underperform” rating in a research note on Thursday, July 19th. They noted that the move was a valuation call. Finally, BMO Capital Markets raised their target price on W W Grainger from $267.00 to $330.00 and gave the company a “market perform” rating in a research note on Thursday, July 19th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $303.20.

W W Grainger Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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

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