California State Teachers Retirement System decreased its position in W W Grainger Inc (NYSE:GWW) by 8.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 90,753 shares of the industrial products company’s stock after selling 7,883 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of W W Grainger worth $16,313,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Exane Derivatives purchased a new stake in W W Grainger in the third quarter worth about $101,000. Westside Investment Management Inc. purchased a new stake in W W Grainger in the third quarter worth about $107,000. Salem Investment Counselors Inc. increased its position in W W Grainger by 1.0% in the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after buying an additional 6 shares in the last quarter. Legacy Advisors LLC purchased a new stake in W W Grainger in the third quarter worth about $198,000. Finally, Good Life Advisors LLC purchased a new stake in W W Grainger in the third quarter worth about $206,000. 85.02% of the stock is currently owned by institutional investors.
A number of brokerages have commented on GWW. Credit Suisse Group restated an “underperform” rating and issued a $190.00 price target (up previously 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 reiterated a “sell” rating and set a $192.00 target price on shares of W W Grainger in a research report on Thursday, January 4th. TheStreet upgraded W W Grainger from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. UBS Group cut W W Grainger from a “neutral” rating to a “sell” rating and increased their target price for the stock from $170.00 to $195.00 in a research report on Thursday, October 19th. Finally, Atlantic Securities upgraded W W Grainger from an “underweight” rating to a “neutral” rating in a research report on Thursday, October 19th. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. W W Grainger presently has an average rating of “Hold” and a consensus target price of $195.77.
In other news, VP Laura D. Brown sold 9,158 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $232.86, for a total value of $2,132,531.88. Following the completion of the sale, the vice president now directly owns 16,893 shares of the company’s stock, valued at approximately $3,933,703.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric R. Tapia sold 190 shares of the firm’s stock in a transaction that occurred 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 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. Over the last three months, insiders have sold 30,694 shares of company stock valued at $6,873,861. 9.60% of the stock is owned by corporate insiders.
Shares of W W Grainger Inc (GWW) traded down $2.05 during trading on Friday, reaching $235.67. The company had a trading volume of 932,861 shares, compared to its average volume of 793,362. W W Grainger Inc has a 52 week low of $155.00 and a 52 week high of $262.71. The company has a market capitalization of $13,430.00, a price-to-earnings ratio of 27.96, a PEG ratio of 2.22 and a beta of 0.82. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.28 and a current ratio of 2.28.
W W Grainger (NYSE:GWW) last announced its quarterly earnings results on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.34. W W Grainger had a return on equity of 34.25% and a net margin of 4.83%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the company earned $3.06 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. sell-side analysts predict that W W Grainger Inc will post 10.71 earnings per share for the current year.
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W W Grainger 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.
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