Dundas Partners LLP Boosts Holdings in W W Grainger Inc (NYSE:GWW)

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Dundas Partners LLP increased its position in W W Grainger Inc (NYSE:GWW) by 1.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 52,847 shares of the industrial products company’s stock after purchasing an additional 679 shares during the period. W W Grainger makes up 3.3% of Dundas Partners LLP’s holdings, making the stock its 14th biggest holding. Dundas Partners LLP’s holdings in W W Grainger were worth $14,174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wedbush Securities Inc. boosted its stake in W W Grainger by 4.3% in the 1st quarter. Wedbush Securities Inc. now owns 974 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 40 shares in the last quarter. Nisa Investment Advisors LLC raised its position in W W Grainger by 0.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,038 shares of the industrial products company’s stock worth $3,497,000 after buying an additional 45 shares during the last quarter. We Are One Seven LLC raised its position in W W Grainger by 6.3% in the 2nd quarter. We Are One Seven LLC now owns 775 shares of the industrial products company’s stock worth $207,000 after buying an additional 46 shares during the last quarter. ETF Managers Group LLC raised its position in W W Grainger by 10.6% in the 1st quarter. ETF Managers Group LLC now owns 511 shares of the industrial products company’s stock worth $154,000 after buying an additional 49 shares during the last quarter. Finally, Arrow Financial Corp raised its position in W W Grainger by 41.7% in the 2nd quarter. Arrow Financial Corp now owns 170 shares of the industrial products company’s stock worth $46,000 after buying an additional 50 shares during the last quarter. 74.28% of the stock is currently owned by institutional investors.

In other news, VP Eric R. Tapia sold 180 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $272.58, for a total transaction of $49,064.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 8.50% of the stock is owned by corporate insiders.

GWW has been the subject of a number of recent analyst reports. ValuEngine raised W W Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Gabelli reissued a “hold” rating on shares of W W Grainger in a research report on Friday, July 26th. Zacks Investment Research raised W W Grainger from a “sell” rating to a “hold” rating and set a $315.00 target price for the company in a research report on Friday, July 26th. Atlantic Securities lowered W W Grainger from a “neutral” rating to an “underweight” rating in a research report on Friday, June 21st. Finally, BMO Capital Markets decreased their target price on W W Grainger from $320.00 to $310.00 and set a “market perform” rating for the company in a research report on Tuesday, April 23rd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $301.53.

NYSE GWW opened at $268.22 on Wednesday. W W Grainger Inc has a 52 week low of $255.09 and a 52 week high of $372.06. The stock has a market cap of $14.64 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 1.37 and a beta of 0.92. The company has a quick ratio of 1.32, a current ratio of 2.38 and a debt-to-equity ratio of 0.98. The company’s 50-day simple moving average is $274.12.

W W Grainger (NYSE:GWW) last released its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.65 by ($0.01). W W Grainger had a net margin of 7.32% and a return on equity of 46.27%. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the previous year, the company earned $4.37 EPS. W W Grainger’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, analysts forecast that W W Grainger Inc will post 17.67 EPS for the current fiscal year.

W W Grainger announced that its board has approved a stock buyback plan on Wednesday, April 24th that allows the company to buyback 5,000,000 shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Monday, August 12th will be given a dividend of $1.44 per share. This represents a $5.76 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Friday, August 9th. W W Grainger’s payout ratio is currently 34.49%.

W W Grainger Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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

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