Gluskin Sheff & Assoc Inc. bought a new position in W.W. Grainger Inc. (NYSE:GWW) during the second quarter, Holdings Channel reports. The institutional investor bought 7,040 shares of the company’s stock, valued at approximately $1,600,000.
Several other large investors have also recently bought and sold shares of GWW. Nisa Investment Advisors L.L.C. increased its stake in W.W. Grainger by 27.2% in the first quarter. Nisa Investment Advisors L.L.C. now owns 11,228 shares of the company’s stock worth $2,621,000 after buying an additional 2,400 shares in the last quarter. CIBC World Markets Inc. increased its stake in W.W. Grainger by 19.7% in the first quarter. CIBC World Markets Inc. now owns 3,421 shares of the company’s stock worth $799,000 after buying an additional 562 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in W.W. Grainger during the first quarter worth approximately $686,000. Ngam Advisors L.P. increased its stake in W.W. Grainger by 6.3% in the first quarter. Ngam Advisors L.P. now owns 20,475 shares of the company’s stock worth $4,779,000 after buying an additional 1,218 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in W.W. Grainger by 24.3% in the first quarter. TIAA CREF Investment Management LLC now owns 162,889 shares of the company’s stock worth $38,023,000 after buying an additional 31,878 shares in the last quarter. Institutional investors own 82.63% of the company’s stock.
Shares of W.W. Grainger Inc. (NYSE:GWW) traded up 1.32% during mid-day trading on Thursday, reaching $228.09. The company’s stock had a trading volume of 410,322 shares. The stock has a 50 day moving average of $225.72 and a 200-day moving average of $226.48. W.W. Grainger Inc. has a one year low of $176.85 and a one year high of $239.95. The stock has a market cap of $13.78 billion, a P/E ratio of 20.74 and a beta of 0.81.
W.W. Grainger (NYSE:GWW) last released its quarterly 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 had revenue of $2.60 million for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $3.27 EPS. On average, equities research analysts expect that W.W. Grainger Inc. will post $11.54 EPS for the current fiscal year.
GWW has been the topic of a number of research analyst reports. BMO Capital Markets reiterated a “buy” rating on shares of W.W. Grainger in a research report on Friday, June 10th. Credit Suisse Group AG initiated coverage on W.W. Grainger in a research report on Friday, June 17th. They issued a “neutral” rating and a $222.00 target price on the stock. Zacks Investment Research downgraded W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Barclays PLC boosted 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. Finally, Royal Bank Of Canada decreased their target price on W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 20th. Six equities 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’s stock. W.W. Grainger currently has an average rating of “Hold” and an average price target of $228.75.
In other 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 transaction of $378,840.00. Following 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 filing with the SEC, which can be accessed through this link. Insiders own 9.60% of the company’s stock.
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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