Longview Partners Guernsey LTD reduced its position in W.W. Grainger Inc. (NYSE:GWW) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 2,987,072 shares of the company’s stock after selling 56,244 shares during the period. W.W. Grainger comprises approximately 4.5% of Longview Partners Guernsey LTD’s holdings, making the stock its 10th largest position. Longview Partners Guernsey LTD’s holdings in W.W. Grainger were worth $678,812,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of GWW. QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of W.W. Grainger during the second quarter worth approximately $205,000. Cypress Wealth Advisors LLC bought a new position in shares of W.W. Grainger during the first quarter worth approximately $225,000. Atria Investments LLC bought a new position in shares of W.W. Grainger during the second quarter worth approximately $239,000. Charter Trust Co. increased its position in shares of W.W. Grainger by 14.1% in the second quarter. Charter Trust Co. now owns 1,114 shares of the company’s stock worth $254,000 after buying an additional 138 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of W.W. Grainger during the first quarter worth approximately $257,000. Institutional investors and hedge funds own 82.56% of the company’s stock.
W.W. Grainger Inc. (NYSE:GWW) traded down 4.06% during mid-day trading on Tuesday, reaching $205.86. 2,037,291 shares of the company traded hands. The firm has a market capitalization of $12.44 billion, a price-to-earnings ratio of 18.72 and a beta of 0.81. The stock’s 50 day moving average price is $222.96 and its 200 day moving average price is $225.86. 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 released its quarterly earnings results on Tuesday, October 18th. The company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.99 by $0.07. W.W. Grainger had a net margin of 6.91% and a return on equity of 31.26%. The firm earned $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the firm earned $3.03 EPS. W.W. Grainger’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts forecast that W.W. Grainger Inc. will post $11.54 EPS for the current year.
GWW has been the topic of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of W.W. Grainger from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, July 20th. Barclays PLC increased their target price 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. Zacks Investment Research raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research report on Tuesday, September 20th. Wells Fargo & Co. reissued a “hold” rating on shares of W.W. Grainger in a research report on Sunday, September 4th. Finally, Macquarie began coverage on shares of W.W. Grainger in a research report on Thursday, August 25th. They set an “outperform” rating and a $274.00 target price for the company. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. W.W. Grainger has a consensus rating of “Hold” and a consensus price target of $228.75.
In related news, VP Joseph C. High sold 1,722 shares of the company’s stock in a transaction on 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 owns 7,531 shares in the company, valued at approximately $1,656,820. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.60% of the stock is currently owned by corporate insiders.
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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