Macquarie Group Ltd. reduced its position in shares of W.W. Grainger Inc. (NYSE:GWW) by 57.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 600 shares of the company’s stock after selling 800 shares during the period. Macquarie Group Ltd.’s holdings in W.W. Grainger were worth $136,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of GWW. OMERS ADMINISTRATION Corp raised its stake in W.W. Grainger by 13.0% in the first quarter. OMERS ADMINISTRATION Corp now owns 341,500 shares of the company’s stock worth $79,716,000 after buying an additional 39,400 shares during the period. Credit Agricole S A raised its stake in W.W. Grainger by 5.6% in the first quarter. Credit Agricole S A now owns 127,000 shares of the company’s stock worth $29,645,000 after buying an additional 6,711 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its stake in W.W. Grainger by 4.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,531 shares of the company’s stock worth $1,991,000 after buying an additional 400 shares during the period. ING Groep NV bought a new stake in W.W. Grainger during the first quarter worth about $315,000. Finally, USS Investment Management Ltd raised its stake in W.W. Grainger by 86.4% in the first quarter. USS Investment Management Ltd now owns 31,042 shares of the company’s stock worth $7,244,000 after buying an additional 14,393 shares during the period. Institutional investors and hedge funds own 82.63% of the company’s stock.
Shares of W.W. Grainger Inc. (NYSE:GWW) opened at 225.11 on Thursday. The firm has a 50-day moving average price of $225.72 and a 200-day moving average price of $226.48. The firm has a market capitalization of $13.60 billion, a PE ratio of 20.47 and a beta of 0.81. W.W. Grainger Inc. has a 1-year low of $176.85 and a 1-year high of $239.95.
W.W. Grainger (NYSE:GWW) last released its earnings results on Tuesday, July 19th. The company reported $2.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by $0.28. The firm earned $2.60 million during the quarter, compared to analysts’ expectations of $2.58 billion. W.W. Grainger had a return on equity of 31.26% and a net margin of 6.91%. During the same period in the previous year, the firm posted $3.27 earnings per share. On average, analysts forecast that W.W. Grainger Inc. will post $11.54 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Barclays PLC upped their price target on W.W. Grainger from $209.00 to $213.00 and gave the company an “equal weight” rating in a research report on Monday, July 18th. Macquarie assumed coverage on W.W. Grainger in a research report on Thursday, August 25th. They issued an “outperform” rating and a $274.00 price target for the company. Wells Fargo & Co. reiterated a “hold” rating on shares of W.W. Grainger in a research report on Sunday, September 4th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of W.W. Grainger in a research report on Friday, June 10th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $228.75.
In other W.W. Grainger news, VP Joseph C. High sold 1,722 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $220.00, for a total value of $378,840.00. Following the completion of the sale, the vice president now directly owns 7,531 shares of the company’s stock, valued at approximately $1,656,820. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.60% of the stock is currently owned by company insiders.
W.W. Grainger Company Profile
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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