Brandywine Global Investment Management LLC cut its position in shares of W. W. Grainger (NYSE:GWW) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,340 shares of the industrial products company’s stock after selling 648 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in W. W. Grainger were worth $5,987,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Longview Partners Guernsey LTD raised its stake in shares of W. W. Grainger by 3.1% in the fourth quarter. Longview Partners Guernsey LTD now owns 5,157,790 shares of the industrial products company’s stock worth $1,218,528,000 after purchasing an additional 156,313 shares during the last quarter. BlackRock Inc. increased its position in W. W. Grainger by 0.4% during the fourth quarter. BlackRock Inc. now owns 3,516,122 shares of the industrial products company’s stock valued at $830,686,000 after acquiring an additional 12,416 shares during the last quarter. Mackenzie Financial Corp increased its position in W. W. Grainger by 13.0% during the third quarter. Mackenzie Financial Corp now owns 2,103,608 shares of the industrial products company’s stock valued at $378,124,000 after acquiring an additional 242,827 shares during the last quarter. Ameriprise Financial Inc. increased its position in W. W. Grainger by 224.7% during the third quarter. Ameriprise Financial Inc. now owns 1,225,728 shares of the industrial products company’s stock valued at $220,325,000 after acquiring an additional 848,192 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in W. W. Grainger by 6.1% during the third quarter. Neuberger Berman Group LLC now owns 904,416 shares of the industrial products company’s stock valued at $162,569,000 after acquiring an additional 51,995 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have issued reports on GWW shares. Royal Bank of Canada reissued a “sell” rating and set a $192.00 price target on shares of W. W. Grainger in a report on Thursday, January 4th. Zacks Investment Research lowered W. W. Grainger from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 16th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $190.00 price objective (up previously from $172.00) on shares of W. W. Grainger in a research note on Tuesday, January 9th. They noted that the move was a valuation call. TheStreet raised W. W. Grainger from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. Finally, Robert W. Baird raised W. W. Grainger from a “neutral” rating to a “buy” rating in a research note on Thursday, January 25th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $244.85.
In related news, VP Eric R. Tapia sold 100 shares of W. W. Grainger stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $266.06, for a total value of $26,606.00. Following the completion of the transaction, the vice president now owns 3,563 shares in the company, valued at approximately $947,971.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John L. Howard sold 19,500 shares of W. W. Grainger stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $295.00, for a total value of $5,752,500.00. Following the completion of the sale, the vice president now owns 57,906 shares in the company, valued at $17,082,270. The disclosure for this sale can be found here. Insiders have sold a total of 28,758 shares of company stock valued at $7,911,638 in the last quarter. Company insiders own 10.10% of the company’s stock.
GWW stock traded down $7.10 during midday trading on Friday, reaching $286.67. The stock had a trading volume of 849,709 shares, compared to its average volume of 749,195. The firm has a market capitalization of $16,083.62, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 2.15 and a beta of 0.81. 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 has a 52-week low of $155.00 and a 52-week high of $298.14.
W. W. Grainger (NYSE:GWW) last issued its earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.76. The company had revenue of $2.63 billion during 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%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $2.45 EPS. equities research analysts expect that W. W. Grainger will post 13.76 earnings per share for the current year.
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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.
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