Element Capital Management LLC bought a new stake in W. W. Grainger (NYSE:GWW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 105,378 shares of the industrial products company’s stock, valued at approximately $24,896,000. Element Capital Management LLC owned about 0.19% of W. W. Grainger as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the business. Advisory Services Network LLC lifted its position in shares of 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 valued at $112,000 after acquiring an additional 247 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in shares of W. W. Grainger in the third quarter valued at $107,000. Fieldpoint Private Securities LLC purchased a new stake in shares of W. W. Grainger in the third quarter valued at $133,000. Tower Research Capital LLC TRC lifted its position in shares of W. W. Grainger by 420.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 781 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 631 shares in the last quarter. Finally, Glenview State Bank Trust DEPT. purchased a new stake in shares of W. W. Grainger in the fourth quarter valued at $202,000. 83.66% of the stock is currently owned by institutional investors.
In other news, VP Eric R. Tapia sold 100 shares of the firm’s 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 transaction, the vice president now directly owns 3,563 shares in the company, valued at approximately $947,971.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP John L. Howard sold 19,500 shares of the stock in a transaction dated Thursday, April 5th. The shares were 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 of the company’s stock, valued at approximately $17,082,270. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,758 shares of company stock worth $7,911,638. Company insiders own 10.10% of the company’s stock.
Shares of W. W. Grainger stock traded down $7.10 during trading hours on Friday, reaching $286.67. The stock had a trading volume of 849,709 shares, compared to its average volume of 749,195. The company has a market cap of $16,083.62, 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 1 year low of $155.00 and a 1 year 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 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 35.76% and a net margin of 5.62%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $2.45 EPS. research analysts anticipate that W. W. Grainger will post 13.76 EPS for the current year.
Several brokerages have recently issued reports on GWW. Deutsche Bank set a $275.00 price objective on W. W. Grainger and gave the company a “hold” rating in a research report on Friday. Credit Suisse Group upped their price objective on W. W. Grainger from $190.00 to $240.00 and gave the company an “underperform” rating in a research report on Thursday, January 25th. Robert W. Baird upgraded W. W. Grainger from a “neutral” rating to a “buy” rating in a research report on Thursday, January 25th. Zacks Investment Research upgraded W. W. Grainger from a “hold” rating to a “buy” rating and set a $318.00 target price on the stock in a research report on Wednesday. Finally, Wells Fargo increased their target price on W. W. Grainger from $220.00 to $260.00 and gave the stock a “market perform” rating in a research report 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 stock. The stock has a consensus rating of “Hold” and an average target price of $244.85.
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W. W. Grainger Company 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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