1ST Source Bank maintained its position in W.W. Grainger Inc. (NYSE:GWW) during the second quarter, Holdings Channel reports. The firm owned 1,075 shares of the company’s stock at the end of the second quarter. 1ST Source Bank’s holdings in W.W. Grainger were worth $244,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of GWW. Geode Capital Management LLC raised 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 valued at $112,953,000 after buying an additional 18,206 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in 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 in the last quarter. PGGM Investments raised 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 valued at $29,596,000 after buying an additional 19,572 shares in the last quarter. Credit Agricole S A raised 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 valued at $29,645,000 after buying an additional 6,711 shares in the last quarter. Finally, Oakbrook Investments LLC raised its position in 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 in the last quarter. Institutional investors and hedge funds own 82.56% of the company’s stock.
Shares of W.W. Grainger Inc. (NYSE:GWW) traded down 5.00% during trading on Tuesday, reaching $203.85. The company had a trading volume of 1,198,523 shares. The firm has a 50-day moving average price of $222.96 and a 200-day moving average price of $225.86. W.W. Grainger Inc. has a 52-week low of $176.85 and a 52-week high of $239.95. The company has a market capitalization of $12.32 billion, a P/E ratio of 18.54 and a beta of 0.81.
W.W. Grainger (NYSE:GWW) last released its earnings results on Tuesday, October 18th. The company reported $3.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.99 by $0.07. W.W. Grainger had a return on equity of 31.26% and a net margin of 6.91%. The firm had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the prior year, the business posted $3.03 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts predict that W.W. Grainger Inc. will post $11.54 EPS for the current fiscal year.
Several research analysts have recently commented on GWW shares. RBC Capital Markets reiterated an “underperform” rating and set a $211.00 price target on shares of W.W. Grainger in a report on Monday, September 19th. Zacks Investment Research lowered W.W. Grainger from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Barclays PLC lifted their price target on W.W. Grainger from $209.00 to $213.00 and gave the stock an “equal weight” rating in a report on Monday, July 18th. Wells Fargo & Co. reiterated a “hold” rating on shares of W.W. Grainger in a report on Sunday, September 4th. Finally, Royal Bank Of Canada reduced their price target on W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating on the stock in a report on Wednesday, July 20th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $228.75.
In related news, VP Joseph C. High sold 1,722 shares of the stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $220.00, for a total transaction of $378,840.00. Following the transaction, the vice president now directly owns 7,531 shares in the company, valued at $1,656,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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.
Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.W. Grainger Inc. (NYSE:GWW).
Receive News & Ratings for W.W. Grainger Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.W. Grainger Inc. and related companies with MarketBeat.com's FREE daily email newsletter.