North Star Asset Management Inc. continued to hold its position in W.W. Grainger Inc. (NYSE:GWW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,835 shares of the company’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in W.W. Grainger were worth $428,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in 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. OMERS ADMINISTRATION Corp boosted its position 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 last quarter. TIAA CREF Investment Management LLC boosted its position 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 during the last quarter. PGGM Investments boosted its position in W.W. Grainger by 17.7% in the second quarter. PGGM Investments now owns 130,237 shares of the company’s stock worth $29,596,000 after buying an additional 19,572 shares during the last quarter. Finally, Credit Agricole S A boosted its position 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 last quarter. Hedge funds and other institutional investors own 82.63% of the company’s stock.
Shares of W.W. Grainger Inc. (NYSE:GWW) traded up 0.42% on Wednesday, reaching $217.49. 301,963 shares of the company were exchanged. The firm’s 50 day moving average price is $224.81 and its 200 day moving average price is $226.33. W.W. Grainger Inc. has a 52 week low of $176.85 and a 52 week high of $239.95. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 19.78 and a beta of 0.81.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data 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. W.W. Grainger had a net margin of 6.91% and a return on equity of 31.26%. The company had revenue of $2.60 million for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the business earned $3.27 EPS. Equities research analysts anticipate that W.W. Grainger Inc. will post $11.54 EPS for the current year.
GWW has been the topic of several research analyst reports. Credit Suisse Group AG initiated 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 target on the stock. RBC Capital Markets reiterated an “underperform” rating and set a $211.00 price target on shares of W.W. Grainger in a research report on Monday, September 19th. Zacks Investment Research cut shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Barclays PLC boosted their price target on shares of 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. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of W.W. Grainger in a research report on Sunday, September 4th. 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 company has an average rating of “Hold” and an average price target of $228.75.
In related news, VP Joseph C. High sold 1,722 shares of W.W. Grainger stock in a transaction dated 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 in the company, valued at approximately $1,656,820. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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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