Stewart & Patten Co. LLC cut its holdings in shares of W W Grainger Inc (NYSE:GWW) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,985 shares of the industrial products company’s stock after selling 150 shares during the period. Stewart & Patten Co. LLC’s holdings in W W Grainger were worth $1,184,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Advisor Partners LLC boosted its position in W W Grainger by 16.8% during the 3rd quarter. Advisor Partners LLC now owns 1,031 shares of the industrial products company’s stock worth $306,000 after buying an additional 148 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of W W Grainger by 2.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 10,678 shares of the industrial products company’s stock worth $3,173,000 after purchasing an additional 210 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of W W Grainger by 16.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,897 shares of the industrial products company’s stock worth $860,000 after purchasing an additional 410 shares during the period. DNB Asset Management AS lifted its position in shares of W W Grainger by 3.0% in the 3rd quarter. DNB Asset Management AS now owns 11,938 shares of the industrial products company’s stock worth $3,547,000 after purchasing an additional 345 shares during the period. Finally, Toth Financial Advisory Corp lifted its position in shares of W W Grainger by 865.1% in the 3rd quarter. Toth Financial Advisory Corp now owns 1,689 shares of the industrial products company’s stock worth $502,000 after purchasing an additional 1,514 shares during the period. Institutional investors and hedge funds own 72.85% of the company’s stock.

A number of research analysts have recently issued reports on GWW shares. Zacks Investment Research upgraded shares of W W Grainger from a “sell” rating to a “hold” rating and set a $315.00 price target on the stock in a research report on Friday, July 26th. Gabelli restated a “hold” rating on shares of W W Grainger in a research report on Friday, July 26th. JPMorgan Chase & Co. boosted their price target on shares of W W Grainger from $297.00 to $301.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Buckingham Research boosted their price target on shares of W W Grainger from $295.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Finally, ValuEngine upgraded shares of W W Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $298.44.

Shares of NYSE:GWW traded up $2.02 during mid-day trading on Thursday, hitting $309.89. The company had a trading volume of 84,924 shares, compared to its average volume of 381,836. The firm has a fifty day moving average price of $288.13 and a 200 day moving average price of $280.85. The company has a market capitalization of $16.70 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.57 and a beta of 0.95. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.38 and a quick ratio of 1.32. W W Grainger Inc has a one year low of $255.09 and a one year high of $321.07.

W W Grainger (NYSE:GWW) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.64 earnings per share for the quarter, missing the consensus estimate of $4.65 by ($0.01). The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.97 billion. W W Grainger had a net margin of 7.32% and a return on equity of 46.27%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.37 EPS. Research analysts expect that W W Grainger Inc will post 17.59 earnings per share for the current fiscal year.

In other news, VP John L. Howard sold 11,716 shares of W W Grainger stock in a transaction on Friday, October 11th. The shares were sold at an average price of $305.68, for a total value of $3,581,346.88. Following the completion of the sale, the vice president now owns 54,933 shares in the company, valued at approximately $16,791,919.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.50% of the company’s stock.

W W Grainger Company Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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

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