Dudley & Shanley LLC Purchases New Position in W.W. Grainger Inc. (GWW)

Dudley & Shanley LLC acquired a new stake in shares of W.W. Grainger Inc. (NYSE:GWW) during the second quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,000 shares of the company’s stock, valued at approximately $454,000. W.W. Grainger accounts for approximately 0.1% of Dudley & Shanley LLC’s investment portfolio, making the stock its 25th largest position.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its position 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 valued at $112,953,000 after buying an additional 18,206 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of W.W. Grainger by 1.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 167,616 shares of the company’s stock valued at $38,091,000 after buying an additional 1,680 shares during the period. PGGM Investments increased its position in shares of W.W. Grainger by 17.7% in the second quarter. PGGM Investments now owns 130,237 shares of the company’s stock valued at $29,596,000 after buying an additional 19,572 shares during the period. Credit Agricole S A increased its position in shares of W.W. Grainger by 5.6% in the first quarter. Credit Agricole S A now owns 127,000 shares of the company’s stock valued at $29,645,000 after buying an additional 6,711 shares during the period. Finally, Oakbrook Investments LLC increased its position in shares of W.W. Grainger by 20.2% in the second quarter. Oakbrook Investments LLC now owns 102,895 shares of the company’s stock valued at $23,383,000 after buying an additional 17,260 shares during the period. 82.56% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

Shares of W.W. Grainger Inc. (NYSE:GWW) traded up 0.18% during midday trading on Monday, reaching $214.59. 326,644 shares of the company traded hands. W.W. Grainger Inc. has a 1-year low of $176.85 and a 1-year high of $239.95. The company has a 50 day moving average price of $223.48 and a 200 day moving average price of $226.08. The company has a market capitalization of $12.97 billion, a PE ratio of 19.52 and a beta of 0.81.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Tuesday, July 19th. The company reported $2.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by $0.28. The company earned $2.60 million during 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 last year, the firm earned $3.27 earnings per share. On average, analysts expect that W.W. Grainger Inc. will post $11.54 earnings per share for the current year.

Several equities analysts have recently commented on GWW shares. RBC Capital Markets reaffirmed an “underperform” rating and set a $211.00 price objective on shares of W.W. Grainger in a research note on Monday, September 19th. Zacks Investment Research downgraded shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Barclays PLC increased their price target on shares of W.W. Grainger from $209.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Monday, July 18th. Wells Fargo & Co. reissued a “hold” rating on shares of W.W. Grainger in a research note on Sunday, September 4th. Finally, Royal Bank Of Canada decreased their price target on shares of W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating for the company in a research note on Wednesday, July 20th. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $228.75.

In other W.W. Grainger news, VP Joseph C. High sold 1,722 shares of the business’s stock in a transaction dated 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 SEC, which is available through this link. 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.

5 Day Chart for NYSE:GWW

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