Sawyer & Company Inc Invests $1.03 Million in W W Grainger Inc (GWW)
Sawyer & Company Inc purchased a new position in W W Grainger Inc (NYSE:GWW) in the fourth quarter, Holdings Channel reports. The firm purchased 4,355 shares of the industrial products company’s stock, valued at approximately $1,029,000.
Several other hedge funds also recently made changes to their positions in the company. Atlantic Trust Group LLC grew its stake in shares of W W Grainger by 22.1% in the third quarter. Atlantic Trust Group LLC now owns 20,455 shares of the industrial products company’s stock worth $3,676,000 after acquiring an additional 3,708 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in W W Grainger during the third quarter valued at approximately $396,000. Smith Shellnut Wilson LLC ADV grew its position in W W Grainger by 79.8% during the third quarter. Smith Shellnut Wilson LLC ADV now owns 2,266 shares of the industrial products company’s stock valued at $407,000 after buying an additional 1,006 shares during the period. Gyroscope Capital Management Group LLC grew its position in W W Grainger by 5.4% during the third quarter. Gyroscope Capital Management Group LLC now owns 31,673 shares of the industrial products company’s stock valued at $5,693,000 after buying an additional 1,621 shares during the period. Finally, Fieldpoint Private Securities LLC bought a new stake in W W Grainger during the third quarter valued at approximately $133,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.
In other news, VP Eric R. Tapia sold 190 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $208.26, for a total value of $39,569.40. Following the transaction, the vice president now 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 is available through this link. Also, VP John L. Howard sold 21,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $220.56, for a total transaction of $4,631,760.00. The disclosure for this sale can be found here. Insiders sold 21,536 shares of company stock worth $4,741,329 in the last three months. Insiders own 9.60% of the company’s stock.
W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.34. W W Grainger had a net margin of 4.83% and a return on equity of 34.25%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the firm earned $3.06 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. research analysts expect that W W Grainger Inc will post 10.71 EPS for the current year.
Several brokerages recently issued reports on GWW. Credit Suisse Group restated an “underperform” rating and set a $190.00 target price (up from $172.00) on shares of W W Grainger in a research report on Tuesday. They noted that the move was a valuation call. Royal Bank of Canada boosted their target price on shares of W W Grainger from $145.00 to $146.00 and gave the company an “underperform” rating in a research report on Wednesday, October 18th. UBS Group lowered shares of W W Grainger from a “neutral” rating to a “sell” rating and boosted their target price for the company from $170.00 to $195.00 in a research report on Thursday, October 19th. Morgan Stanley restated an “underweight” rating and set a $178.00 target price (up from $172.00) on shares of W W Grainger in a research report on Monday, October 2nd. Finally, Wells Fargo & Co set a $210.00 target price on shares of W W Grainger and gave the company a “hold” rating in a research report on Wednesday, October 18th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. W W Grainger has an average rating of “Hold” and a consensus price target of $195.77.
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About W W Grainger
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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