W. W. Grainger (NYSE:GWW) Holdings Cut by HPM Partners LLC

HPM Partners LLC cut its stake in W. W. Grainger (NYSE:GWW) by 37.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,295 shares of the industrial products company’s stock after selling 787 shares during the period. HPM Partners LLC’s holdings in W. W. Grainger were worth $306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of GWW. Aristotle Capital Management LLC increased its position in shares of W. W. Grainger by 7.9% during the fourth quarter. Aristotle Capital Management LLC now owns 3,272 shares of the industrial products company’s stock valued at $773,000 after acquiring an additional 239 shares in the last quarter. NewFocus Financial Group LLC boosted its holdings in W. W. Grainger by 2.3% in the fourth quarter. NewFocus Financial Group LLC now owns 10,754 shares of the industrial products company’s stock worth $2,541,000 after purchasing an additional 241 shares during the last quarter. Cibc Bank USA boosted its holdings in W. W. Grainger by 4.2% in the fourth quarter. Cibc Bank USA now owns 6,085 shares of the industrial products company’s stock worth $1,438,000 after purchasing an additional 245 shares during the last quarter. Advisory Services Network LLC boosted its holdings in W. W. Grainger by 107.9% in the fourth quarter. Advisory Services Network LLC now owns 476 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 247 shares during the last quarter. Finally, Reliance Trust Co. of Delaware boosted its holdings in W. W. Grainger by 8.8% in the fourth quarter. Reliance Trust Co. of Delaware now owns 3,152 shares of the industrial products company’s stock worth $744,000 after purchasing an additional 255 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

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Shares of W. W. Grainger stock traded down $7.10 during trading hours on Friday, reaching $286.67. The company’s stock had a trading volume of 849,709 shares, compared to its average volume of 749,195. The company has a market cap of $16,482.09, a PE ratio of 25.01, a price-to-earnings-growth ratio of 2.20 and a beta of 0.81. W. W. Grainger has a one year low of $155.00 and a one year high of $298.14. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 1.23.

W. W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.94 EPS for the quarter, beating the consensus estimate of $2.18 by $0.76. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.57 billion. W. W. Grainger had a net margin of 5.62% and a return on equity of 35.76%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.45 EPS. sell-side analysts expect that W. W. Grainger will post 13.76 earnings per share for the current fiscal year.

Several brokerages recently issued reports on GWW. Royal Bank of Canada restated a “sell” rating and issued a $192.00 target price on shares of W. W. Grainger in a report on Thursday, January 4th. Goldman Sachs reiterated a “neutral” rating on shares of W. W. Grainger in a research note on Monday, March 19th. Credit Suisse Group lifted their target price on shares of W. W. Grainger from $190.00 to $240.00 and gave the company an “underperform” rating in a research note on Thursday, January 25th. Stifel Nicolaus restated a “hold” rating and set a $278.00 target price on shares of W. W. Grainger in a research note on Friday, January 26th. Finally, Wells Fargo lifted their target price on shares of W. W. Grainger from $220.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $244.85.

In other news, VP Laura D. Brown sold 9,158 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The shares were 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 owns 16,893 shares of the company’s stock, valued at approximately $3,933,703.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John L. Howard sold 19,500 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $295.00, for a total transaction of $5,752,500.00. Following the transaction, the vice president now owns 57,906 shares of the company’s stock, valued at approximately $17,082,270. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,758 shares of company stock valued at $7,911,638. 10.10% of the stock is owned by corporate insiders.

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W. W. Grainger Profile

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.

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

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