Foyston Gordon & Payne Inc Has $7.86 Million Holdings in W W Grainger Inc (GWW)

Foyston Gordon & Payne Inc reduced its position in W W Grainger Inc (NYSE:GWW) by 4.9% in the third quarter, Holdings Channel reports. The institutional investor owned 21,994 shares of the industrial products company’s stock after selling 1,124 shares during the period. W W Grainger makes up approximately 1.3% of Foyston Gordon & Payne Inc’s investment portfolio, making the stock its 22nd biggest position. Foyston Gordon & Payne Inc’s holdings in W W Grainger were worth $7,861,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GWW. PNC Financial Services Group Inc. lifted its position in shares of W W Grainger by 0.9% during the second quarter. PNC Financial Services Group Inc. now owns 61,332 shares of the industrial products company’s stock worth $18,915,000 after purchasing an additional 535 shares during the last quarter. United Services Automobile Association lifted its position in shares of W W Grainger by 1.7% during the second quarter. United Services Automobile Association now owns 35,922 shares of the industrial products company’s stock worth $11,078,000 after purchasing an additional 596 shares during the last quarter. Sun Life Financial INC lifted its position in shares of W W Grainger by 60.4% during the second quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 154 shares during the last quarter. Neuburgh Advisers LLC lifted its position in shares of W W Grainger by 207.5% during the second quarter. Neuburgh Advisers LLC now owns 7,238 shares of the industrial products company’s stock worth $2,232,000 after purchasing an additional 4,884 shares during the last quarter. Finally, BlueMountain Capital Management LLC lifted its position in shares of W W Grainger by 4.1% during the second quarter. BlueMountain Capital Management LLC now owns 10,264 shares of the industrial products company’s stock worth $3,165,000 after purchasing an additional 403 shares during the last quarter. 75.28% of the stock is owned by institutional investors.

In other W W Grainger news, Director Brian P. Anderson sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $360.18, for a total value of $360,180.00. Following the transaction, the director now owns 4,040 shares of the company’s stock, valued at $1,455,127.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John L. Howard sold 14,990 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $368.20, for a total transaction of $5,519,318.00. Following the completion of the transaction, the vice president now directly owns 58,207 shares in the company, valued at approximately $21,431,817.40. The disclosure for this sale can be found here. Company insiders own 10.10% of the company’s stock.

GWW has been the topic of several research analyst reports. Gabelli cut shares of W W Grainger from a “buy” rating to a “hold” rating and set a $386.00 price target on the stock. in a research report on Monday, July 16th. Wells Fargo & Co reaffirmed a “hold” rating on shares of W W Grainger in a research report on Wednesday, July 18th. Cfra set a $350.00 price target on shares of W W Grainger and gave the stock a “hold” rating in a research report on Wednesday, July 18th. UBS Group raised shares of W W Grainger from a “sell” rating to a “neutral” rating and increased their price target for the stock from $240.00 to $340.00 in a research report on Wednesday, July 18th. Finally, BMO Capital Markets increased their price target on shares of W W Grainger from $267.00 to $330.00 and gave the stock a “market perform” rating in a research report on Thursday, July 19th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $308.43.

Shares of NYSE GWW opened at $287.06 on Tuesday. The company has a current ratio of 2.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.02. W W Grainger Inc has a 52-week low of $191.39 and a 52-week high of $372.06. The stock has a market capitalization of $16.24 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 1.43 and a beta of 1.06.

W W Grainger (NYSE:GWW) last issued its earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.96 by $0.23. W W Grainger had a net margin of 6.51% and a return on equity of 45.22%. The firm had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter last year, the company posted $2.79 earnings per share. W W Grainger’s revenue was up 7.4% on a year-over-year basis. As a group, analysts anticipate that W W Grainger Inc will post 16.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Monday, November 12th will be issued a $1.36 dividend. The ex-dividend date is Thursday, November 8th. This represents a $5.44 dividend on an annualized basis and a yield of 1.90%. W W Grainger’s dividend payout ratio is currently 47.47%.

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

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