Dimensional Fund Advisors LP raised its stake in W W Grainger Inc (NYSE:GWW) by 3.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 281,402 shares of the industrial products company’s stock after purchasing an additional 8,728 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.50% of W W Grainger worth $86,784,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Sun Life Financial INC grew its stake in W W Grainger by 60.4% in the second quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 154 shares in the last quarter. Synovus Financial Corp bought a new position in shares of W W Grainger during the 1st quarter worth approximately $140,000. Piedmont Investment Advisors LLC bought a new position in shares of W W Grainger during the 2nd quarter worth approximately $178,000. Global Financial Private Capital LLC bought a new position in shares of W W Grainger during the 2nd quarter worth approximately $203,000. Finally, Balasa Dinverno & Foltz LLC bought a new position in shares of W W Grainger during the 2nd quarter worth approximately $211,000. Hedge funds and other institutional investors own 79.15% of the company’s stock.
In other W W Grainger news, VP Eric R. Tapia sold 1,534 shares of the company’s stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $338.19, for a total value of $518,783.46. Following the sale, the vice president now owns 2,278 shares in the company, valued at approximately $770,396.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brian P. Anderson sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $360.18, for a total value of $360,180.00. Following the completion of the sale, the director now owns 4,040 shares in the company, valued at approximately $1,455,127.20. The disclosure for this sale can be found here. Insiders have sold a total of 38,972 shares of company stock worth $13,741,862 in the last 90 days. 10.10% of the stock is currently owned by corporate insiders.
Shares of W W Grainger stock traded down $1.10 during trading on Friday, reaching $351.03. 403,851 shares of the company’s stock were exchanged, compared to its average volume of 796,535. The stock has a market capitalization of $20.06 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 1.79 and a beta of 0.82. W W Grainger Inc has a 1-year low of $166.46 and a 1-year high of $372.06. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.34 and a current ratio of 2.37.
W W Grainger (NYSE:GWW) last issued its quarterly earnings data on Wednesday, July 18th. The industrial products company reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.59. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.82 billion. W W Grainger had a return on equity of 42.66% and a net margin of 7.16%. W W Grainger’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. On average, research analysts forecast that W W Grainger Inc will post 16.05 earnings per share for the current year.
Several research analysts have recently commented on GWW shares. Zacks Investment Research downgraded W W Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Cfra set a $350.00 target price on W W Grainger and gave the stock a “hold” rating in a research note on Wednesday, July 18th. Wells Fargo & Co restated a “hold” rating on shares of W W Grainger in a research note on Wednesday, July 18th. Gabelli downgraded W W Grainger from a “buy” rating to a “hold” rating and set a $386.00 price target for the company. in a research note on Monday, July 16th. Finally, UBS Group boosted their price target 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. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $303.20.
About W W Grainger
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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