State of Alaska Department of Revenue cut its position in W W Grainger Inc (NYSE:GWW) by 1.8% during the first quarter, Holdings Channel reports. The institutional investor owned 11,202 shares of the industrial products company’s stock after selling 200 shares during the quarter. State of Alaska Department of Revenue’s holdings in W W Grainger were worth $3,370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Clean Yield Group bought a new position in shares of W W Grainger during the 4th quarter worth about $31,000. Financial Gravity Companies Inc. bought a new position in shares of W W Grainger during the 4th quarter worth about $52,000. Bessemer Group Inc. lifted its holdings in shares of W W Grainger by 102.2% during the 4th quarter. Bessemer Group Inc. now owns 186 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 94 shares during the period. Captrust Financial Advisors lifted its holdings in shares of W W Grainger by 284.0% during the 4th quarter. Captrust Financial Advisors now owns 192 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 142 shares during the period. Finally, We Are One Seven LLC bought a new position in shares of W W Grainger during the 4th quarter worth about $112,000. Institutional investors and hedge funds own 78.22% of the company’s stock.

In other W W Grainger news, Chairman Donald G. Macpherson sold 2,317 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $310.03, for a total value of $718,339.51. Following the completion of the transaction, the chairman now directly owns 45,848 shares of the company’s stock, valued at $14,214,255.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John L. Howard sold 1,211 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $310.09, for a total transaction of $375,518.99. Following the completion of the transaction, the vice president now directly owns 44,934 shares of the company’s stock, valued at $13,933,584.06. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.

A number of research firms have recently commented on GWW. Zacks Investment Research downgraded shares of W W Grainger from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Royal Bank of Canada raised their price objective on shares of W W Grainger to $240.00 and gave the stock an “underperform” rating in a report on Friday, January 25th. They noted that the move was a valuation call. Morgan Stanley began coverage on shares of W W Grainger in a report on Tuesday, December 18th. They set an “underweight” rating and a $265.00 price objective for the company. Gordon Haskett downgraded shares of W W Grainger from a “hold” rating to an “underperform” rating and set a $308.99 price objective for the company. in a report on Friday. Finally, Jefferies Financial Group began coverage on shares of W W Grainger in a report on Monday, January 7th. They set a “hold” rating and a $300.00 price objective for the company. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $312.30.

Shares of GWW stock opened at $304.86 on Monday. W W Grainger Inc has a 12-month low of $265.00 and a 12-month high of $372.06. The stock has a market cap of $17.18 billion, a P/E ratio of 18.26, a PEG ratio of 1.42 and a beta of 1.01. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 1.00.

W W Grainger (NYSE:GWW) last announced its quarterly earnings results on Thursday, January 24th. The industrial products company reported $3.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.36. W W Grainger had a net margin of 6.95% and a return on equity of 46.52%. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the firm posted $2.94 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities research analysts expect that W W Grainger Inc will post 17.99 EPS for the current fiscal year.

WARNING: This news story was published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.watchlistnews.com/w-w-grainger-inc-gww-shares-sold-by-state-of-alaska-department-of-revenue/2963907.html.

About W W Grainger

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.

Featured Story: What Are Treasury Bonds?

Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W W Grainger Inc (NYSE:GWW).

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

Receive News & Ratings for W W Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W W Grainger and related companies with MarketBeat.com's FREE daily email newsletter.