Axa Sells 628 Shares of W W Grainger Inc (GWW)

Axa lessened its stake in shares of W W Grainger Inc (NYSE:GWW) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,108 shares of the industrial products company’s stock after selling 628 shares during the quarter. Axa’s holdings in W W Grainger were worth $734,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Longview Partners Guernsey LTD lifted its stake in shares of W W Grainger by 3.1% during the fourth quarter. Longview Partners Guernsey LTD now owns 5,157,790 shares of the industrial products company’s stock worth $1,218,528,000 after purchasing an additional 156,313 shares in the last quarter. BlackRock Inc. lifted its stake in shares of W W Grainger by 0.4% during the fourth quarter. BlackRock Inc. now owns 3,516,122 shares of the industrial products company’s stock worth $830,686,000 after purchasing an additional 12,416 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of W W Grainger by 13.0% during the third quarter. Mackenzie Financial Corp now owns 2,103,608 shares of the industrial products company’s stock worth $378,124,000 after purchasing an additional 242,827 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of W W Grainger by 224.7% during the third quarter. Ameriprise Financial Inc. now owns 1,225,728 shares of the industrial products company’s stock worth $220,325,000 after purchasing an additional 848,192 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in shares of W W Grainger by 6.1% during the third quarter. Neuberger Berman Group LLC now owns 904,416 shares of the industrial products company’s stock worth $162,569,000 after purchasing an additional 51,995 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

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In other W W Grainger news, VP Laura D. Brown sold 9,158 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $232.86, for a total transaction of $2,132,531.88. Following the sale, the vice president now owns 16,893 shares in the company, valued at $3,933,703.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lucas E. Watson acquired 195 shares of the business’s stock in a transaction on Monday, February 5th. The shares were purchased at an average price of $256.51 per share, for a total transaction of $50,019.45. The disclosure for this purchase can be found here. Insiders own 9.60% of the company’s stock.

A number of research analysts have commented on GWW shares. Royal Bank of Canada restated a “sell” rating and set a $192.00 price objective on shares of W W Grainger in a research note on Thursday, January 4th. Zacks Investment Research cut W W Grainger from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 16th. Credit Suisse Group restated an “underperform” rating and set a $190.00 price objective (up previously from $172.00) on shares of W W Grainger in a research note on Tuesday, January 9th. They noted that the move was a valuation call. TheStreet upgraded W W Grainger from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. Finally, Robert W. Baird upgraded W W Grainger from a “neutral” rating to a “buy” rating in a research note on Thursday, January 25th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $234.92.

GWW stock opened at $270.05 on Friday. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 1.23. W W Grainger Inc has a one year low of $155.00 and a one year high of $298.14. The company has a market capitalization of $16,016.41, a PE ratio of 26.95, a P/E/G ratio of 2.13 and a beta of 0.87.

W W Grainger (NYSE:GWW) last released its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.18 by $0.76. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the firm posted $2.45 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. analysts forecast that W W Grainger Inc will post 13.83 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Monday, February 12th were paid a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, February 9th. W W Grainger’s dividend payout ratio (DPR) is 51.10%.

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

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