Ameriprise Financial Inc. decreased its position in shares of W.W. Grainger Inc. (NYSE:GWW) by 10.2% during the second quarter, Holdings Channel reports. The firm owned 34,759 shares of the company’s stock after selling 3,966 shares during the period. Ameriprise Financial Inc. owned 0.06% of W.W. Grainger worth $7,899,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in W.W. Grainger during the second quarter worth about $205,000. Cypress Wealth Advisors LLC purchased a new stake in W.W. Grainger during the first quarter worth about $225,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in W.W. Grainger during the second quarter worth about $233,000. Atria Investments LLC purchased a new stake in W.W. Grainger during the second quarter worth about $239,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in W.W. Grainger during the first quarter worth about $257,000. 82.63% of the stock is owned by hedge funds and other institutional investors.
W.W. Grainger Inc. (NYSE:GWW) traded up 0.8484% during trading on Thursday, hitting $227.0199. The stock had a trading volume of 182,448 shares. The company has a market cap of $13.72 billion, a PE ratio of 20.6476 and a beta of 0.81. The stock has a 50-day moving average price of $225.72 and a 200-day moving average price of $226.48. W.W. Grainger Inc. has a 52 week low of $176.85 and a 52 week high of $239.95.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $2.89 earnings per share for the quarter, missing analysts’ consensus estimates of $3.17 by $0.28. The company earned $2.60 million during the quarter, compared to analyst estimates of $2.58 billion. W.W. Grainger had a net margin of 6.91% and a return on equity of 31.26%. During the same period in the prior year, the business earned $3.27 EPS. Equities analysts predict that W.W. Grainger Inc. will post $11.54 EPS for the current year.
Several equities research analysts have recently weighed in on GWW shares. Wells Fargo & Co. reaffirmed a “hold” rating on shares of W.W. Grainger in a research report on Sunday, September 4th. Zacks Investment Research downgraded W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. RBC Capital Markets reaffirmed an “underperform” rating and issued a $187.00 target price (down previously from $197.00) on shares of W.W. Grainger in a research report on Wednesday, July 20th. BMO Capital Markets decreased their target price on W.W. Grainger from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Finally, Barclays PLC upped their target price on W.W. Grainger from $209.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Monday, July 18th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. 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 on Tuesday, July 26th. The shares were sold at an average price of $220.00, for a total transaction of $378,840.00. Following the completion of the sale, the vice president now owns 7,531 shares of the company’s stock, valued at approximately $1,656,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.60% of the stock is currently owned by corporate 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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