Suntrust Banks Inc. lifted its holdings in W W Grainger Inc (NYSE:GWW) by 5.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,702 shares of the industrial products company’s stock after purchasing an additional 194 shares during the quarter. Suntrust Banks Inc.’s holdings in W W Grainger were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of GWW. Synovus Financial Corp purchased a new position in shares of W W Grainger in the first quarter worth $140,000. Lincoln National Corp purchased a new position in shares of W W Grainger in the first quarter worth $203,000. Laurel Wealth Advisors Inc. purchased a new position in shares of W W Grainger in the fourth quarter worth $210,000. CNB Bank purchased a new position in shares of W W Grainger in the fourth quarter worth $219,000. Finally, HM Payson & Co. purchased a new position in shares of W W Grainger in the first quarter worth $225,000. Hedge funds and other institutional investors own 78.56% of the company’s stock.
GWW has been the subject of a number of research reports. ValuEngine upgraded W W Grainger from a “hold” rating to a “buy” rating in a research report on Saturday, April 21st. Zacks Investment Research upgraded W W Grainger from a “hold” rating to a “buy” rating and set a $318.00 price objective for the company in a research report on Wednesday, April 4th. Stifel Nicolaus upped their price objective on W W Grainger from $270.00 to $297.00 and gave the company a “hold” rating in a research report on Monday, April 23rd. Stephens set a $282.00 price objective on W W Grainger and gave the company a “hold” rating in a research report on Friday, April 13th. Finally, 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, April 6th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. W W Grainger presently has an average rating of “Hold” and a consensus price target of $260.75.
Shares of GWW opened at $298.93 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.20 and a quick ratio of 1.24. The stock has a market capitalization of $16.69 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 1.65 and a beta of 0.81. W W Grainger Inc has a 52 week low of $155.00 and a 52 week high of $322.34.
W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Thursday, April 19th. The industrial products company reported $4.18 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.74. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.72 billion. W W Grainger had a return on equity of 39.23% and a net margin of 6.03%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.88 earnings per share. research analysts anticipate that W W Grainger Inc will post 14.91 earnings per share for the current fiscal year.
In other W W Grainger news, VP Eric R. Tapia sold 2,265 shares of the company’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $315.57, for a total value of $714,766.05. Following the completion of the sale, the vice president now owns 4,637 shares in the company, valued at $1,463,298.09. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Eric R. Tapia sold 216 shares of the company’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $278.73, for a total value of $60,205.68. Following the completion of the sale, the vice president now owns 3,870 shares of the company’s stock, valued at approximately $1,078,685.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,481 shares of company stock valued at $9,095,942. Company insiders own 10.10% of the company’s stock.
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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