First Trust Advisors LP Sells 39,634 Shares of W W Grainger Inc (GWW)

First Trust Advisors LP decreased its position in shares of W W Grainger Inc (NYSE:GWW) by 16.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,829 shares of the industrial products company’s stock after selling 39,634 shares during the period. First Trust Advisors LP’s holdings in W W Grainger were worth $46,973,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Barings LLC bought a new position in W W Grainger during the 4th quarter worth $920,000. Old Mutual Global Investors UK Ltd. bought a new position in W W Grainger during the 4th quarter worth $5,903,000. NewFocus Financial Group LLC increased its position in W W Grainger by 2.3% during the 4th quarter. NewFocus Financial Group LLC now owns 10,754 shares of the industrial products company’s stock worth $2,541,000 after buying an additional 241 shares during the period. Ffcm LLC increased its position in W W Grainger by 28.5% during the 4th quarter. Ffcm LLC now owns 4,001 shares of the industrial products company’s stock worth $945,000 after buying an additional 888 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its position in W W Grainger by 30.9% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 7,424 shares of the industrial products company’s stock worth $1,754,000 after buying an additional 1,754 shares during the period. Hedge funds and other institutional investors own 85.84% of the company’s stock.

Several analysts have recently issued reports on GWW shares. Royal Bank of Canada reissued a “sell” rating and set a $192.00 target price on shares of W W Grainger in a report on Thursday, January 4th. Credit Suisse Group reissued an “underperform” rating and set a $190.00 target price (up 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. Stifel Nicolaus reissued a “hold” rating and set a $278.00 target price on shares of W W Grainger in a report on Friday, January 26th. Wells Fargo & Co increased their target price on W W Grainger from $220.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Finally, Zacks Investment Research raised W W Grainger from a “strong sell” rating to a “hold” rating in a report on Monday, January 22nd. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $234.38.

Shares of W W Grainger Inc (NYSE GWW) opened at $266.68 on Friday. The firm has a market capitalization of $15,021.82, a PE ratio of 23.27, a P/E/G ratio of 1.99 and a beta of 0.88. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.13 and a quick ratio of 1.18. W W Grainger Inc has a 12 month low of $155.00 and a 12 month high of $298.14.

W W Grainger (NYSE:GWW) last released its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.76. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.57 billion. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. W W Grainger’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $2.45 earnings per share. equities analysts predict that W W Grainger Inc will post 13.81 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be paid a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, February 9th. W W Grainger’s dividend payout ratio (DPR) is presently 51.10%.

In other W W Grainger news, Director Lucas E. Watson acquired 195 shares of W W Grainger stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $256.51 per share, with a total value of $50,019.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John L. Howard sold 21,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were 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. Insiders sold 30,258 shares of company stock worth $6,790,898 over the last ninety days. 9.60% of the stock is currently owned by insiders.

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

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