Pictet Asset Management Ltd. boosted its position in W.W. Grainger, Inc. (NYSE:GWW) by 22.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,844 shares of the industrial products company’s stock after purchasing an additional 17,690 shares during the quarter. Pictet Asset Management Ltd. owned about 0.17% of W.W. Grainger worth $17,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Longview Partners Guernsey LTD increased its holdings in shares of W.W. Grainger by 32.6% in the 2nd quarter. Longview Partners Guernsey LTD now owns 3,755,706 shares of the industrial products company’s stock worth $678,018,000 after buying an additional 923,948 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of W.W. Grainger by 1,082.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 904,298 shares of the industrial products company’s stock worth $163,253,000 after buying an additional 827,796 shares during the last quarter. Koch Industries Inc. increased its holdings in shares of W.W. Grainger by 27,293.0% in the 2nd quarter. Koch Industries Inc. now owns 471,433 shares of the industrial products company’s stock worth $469,000 after buying an additional 469,712 shares during the last quarter. APG Asset Management N.V. increased its holdings in shares of W.W. Grainger by 655.0% in the 2nd quarter. APG Asset Management N.V. now owns 462,647 shares of the industrial products company’s stock worth $83,522,000 after buying an additional 401,371 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of W.W. Grainger by 936.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 377,536 shares of the industrial products company’s stock worth $68,157,000 after buying an additional 341,122 shares during the last quarter. Institutional investors and hedge funds own 83.99% of the company’s stock.

Shares of W.W. Grainger, Inc. (GWW) opened at $200.01 on Monday. The firm has a market cap of $11,397.21, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.94 and a beta of 0.78. The company has a current ratio of 2.28, a quick ratio of 1.28 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 quarterly earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.56 by $0.34. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.65 billion. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.06 EPS. equities research analysts expect that W.W. Grainger, Inc. will post 10.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be given a dividend of $1.28 per share. The ex-dividend date is Friday, November 10th. This represents a $5.12 annualized dividend and a yield of 2.56%. W.W. Grainger’s payout ratio is currently 60.95%.

GWW has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of W.W. Grainger from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Royal Bank Of Canada increased their price target on shares of W.W. Grainger from $145.00 to $146.00 and gave the stock an “underperform” rating in a report on Wednesday, October 18th. Credit Suisse Group set a $172.00 price target on shares of W.W. Grainger and gave the stock a “sell” rating in a report on Wednesday, October 18th. BMO Capital Markets reissued a “market perform” rating and issued a $178.00 price target (up previously from $165.00) on shares of W.W. Grainger in a report on Monday, October 9th. Finally, Wells Fargo & Company set a $210.00 price target on shares of W.W. Grainger and gave the stock a “hold” rating in a report on Wednesday, October 18th. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. W.W. Grainger presently has a consensus rating of “Hold” and a consensus price target of $190.85.

In other news, VP Paige K. Robbins sold 346 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $202.31, for a total value of $69,999.26. Following the completion of the sale, the vice president now directly owns 8,400 shares of the company’s stock, valued at approximately $1,699,404. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Eric R. Tapia sold 190 shares of the firm’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 directly owns 3,748 shares of the company’s stock, valued at $780,558.48. The disclosure for this sale can be found here. Corporate insiders own 9.60% of the company’s stock.

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W.W. Grainger Company 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.

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

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