PGGM Investments raised its position in shares of W.W. Grainger Inc. (NYSE:GWW) by 17.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 130,237 shares of the company’s stock after buying an additional 19,572 shares during the period. PGGM Investments’ holdings in W.W. Grainger were worth $29,596,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of W.W. Grainger by 3.9% in the first quarter. Geode Capital Management LLC now owns 484,813 shares of the company’s stock worth $112,953,000 after buying an additional 18,206 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of W.W. Grainger during the first quarter worth about $420,000. Champlain Investment Partners LLC boosted its stake in shares of W.W. Grainger by 22.1% in the first quarter. Champlain Investment Partners LLC now owns 303,375 shares of the company’s stock worth $70,817,000 after buying an additional 54,825 shares during the last quarter. National Pension Service boosted its stake in shares of W.W. Grainger by 4.4% in the first quarter. National Pension Service now owns 38,613 shares of the company’s stock worth $9,013,000 after buying an additional 1,640 shares during the last quarter. Finally, Virginia Retirement System acquired a new stake in shares of W.W. Grainger during the first quarter worth about $4,276,000. 82.63% of the stock is owned by institutional investors.
W.W. Grainger Inc. (NYSE:GWW) traded up 0.56% on Wednesday, hitting $219.27. The stock had a trading volume of 337,714 shares. The company has a 50-day moving average price of $226.33 and a 200-day moving average price of $226.41. W.W. Grainger Inc. has a 1-year low of $176.85 and a 1-year high of $239.95. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of 19.94 and a beta of 0.77.
W.W. Grainger (NYSE:GWW) last issued its earnings results on Tuesday, July 19th. The company reported $2.89 EPS for the quarter, missing the consensus estimate of $3.17 by $0.28. W.W. Grainger had a return on equity of 31.26% and a net margin of 6.91%. The company earned $2.60 million during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the prior year, the business earned $3.27 EPS. Equities analysts predict that W.W. Grainger Inc. will post $11.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 8th were paid a $1.22 dividend. The ex-dividend date was Thursday, August 4th. This represents a $4.88 annualized dividend and a yield of 2.23%. W.W. Grainger’s dividend payout ratio is currently 44.40%.
A number of equities research analysts have recently issued reports on GWW shares. Zacks Investment Research cut shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. Macquarie started coverage on shares of W.W. Grainger in a research report on Thursday, August 25th. They issued an “outperform” rating and a $274.00 target price for the company. Wells Fargo & Co. reissued a “hold” rating on shares of W.W. Grainger in a research report on Sunday, September 4th. RBC Capital Markets reissued an “underperform” rating and issued a $211.00 target price on shares of W.W. Grainger in a research report on Monday, September 19th. Finally, Credit Suisse Group AG assumed coverage on shares of W.W. Grainger in a research report on Friday, June 17th. They set a “neutral” rating and a $222.00 price objective for the company. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. W.W. Grainger presently has an average rating of “Hold” and a consensus target price of $228.75.
In other W.W. Grainger news, VP Joseph C. High sold 1,722 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $220.00, for a total value of $378,840.00. Following the completion of the transaction, the vice president now owns 7,531 shares in the company, valued at approximately $1,656,820. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.60% of the stock is owned by company insiders.
About W.W. Grainger
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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