Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of W W Grainger Inc (NYSE:GWW) by 468.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,189 shares of the industrial products company’s stock after acquiring an additional 5,100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in W W Grainger were worth $1,462,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Exane Derivatives acquired a new position in shares of W W Grainger during the third quarter valued at about $101,000. Westside Investment Management Inc. acquired a new position in W W Grainger in the 3rd quarter worth approximately $107,000. Salem Investment Counselors Inc. increased its holdings in W W Grainger by 1.0% in the 2nd 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 during the period. Fieldpoint Private Securities LLC acquired a new position in W W Grainger in the 3rd quarter worth approximately $133,000. Finally, YHB Investment Advisors Inc. acquired a new position in W W Grainger in the 4th quarter worth approximately $206,000. Hedge funds and other institutional investors own 85.09% of the company’s stock.
Shares of W W Grainger Inc (NYSE GWW) opened at $230.05 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.28 and a quick ratio of 1.28. 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 $13,110.00, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82.
W W Grainger (NYSE:GWW) last released its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the firm posted $3.06 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. sell-side analysts forecast that W W Grainger Inc will post 10.71 earnings per share for the current year.
In other W W Grainger news, VP Paige K. Robbins sold 346 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $202.31, for a total value of $69,999.26. Following the sale, the vice president now owns 8,400 shares in the company, valued at approximately $1,699,404. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP John L. Howard sold 21,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $220.56, for a total value of $4,631,760.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,504 shares of company stock worth $6,834,291. Insiders own 9.60% of the company’s stock.
Several brokerages recently weighed in on GWW. Zacks Investment Research downgraded shares of W W Grainger from a “hold” rating to a “strong sell” rating in a report on Tuesday. Credit Suisse Group reiterated an “underperform” rating and issued a $190.00 price target (up previously from $172.00) on shares of W W Grainger in a report on Tuesday, January 9th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “sell” rating and issued a $192.00 price target on shares of W W Grainger in a report on Thursday, January 4th. TheStreet upgraded shares of W W Grainger from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. Finally, KeyCorp reiterated a “hold” rating on shares of W W Grainger in a report on Monday, November 13th. Seven research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $195.77.
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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.
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