Prudential Financial Inc. Has $11.57 Million Stock Position in W W Grainger Inc (NYSE:GWW)

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Prudential Financial Inc. lowered its holdings in shares of W W Grainger Inc (NYSE:GWW) by 19.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,147 shares of the industrial products company’s stock after selling 10,399 shares during the period. Prudential Financial Inc. owned about 0.08% of W W Grainger worth $11,573,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Kavar Capital Partners LLC acquired a new position in shares of W W Grainger during the 2nd quarter worth $26,000. Arrow Financial Corp grew its position in W W Grainger by 41.7% during the 2nd quarter. Arrow Financial Corp now owns 170 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 50 shares during the last quarter. Parallel Advisors LLC grew its position in W W Grainger by 34.1% during the 2nd quarter. Parallel Advisors LLC now owns 181 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 46 shares during the last quarter. TRUE Private Wealth Advisors bought a new stake in W W Grainger during the 2nd quarter worth $67,000. Finally, Amica Retiree Medical Trust bought a new stake in W W Grainger during the 2nd quarter worth $131,000. 72.46% of the stock is owned by institutional investors.

In other W W Grainger news, VP Eric R. Tapia sold 180 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $272.58, for a total value of $49,064.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 8.50% of the company’s stock.

GWW has been the topic of a number of research reports. Zacks Investment Research upgraded W W Grainger from a “sell” rating to a “hold” rating and set a $315.00 price objective on the stock in a research report on Friday, July 26th. Morgan Stanley boosted their price objective on W W Grainger from $258.00 to $276.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Gabelli restated a “hold” rating on shares of W W Grainger in a research report on Friday, July 26th. ValuEngine upgraded W W Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Buckingham Research boosted their price objective on W W Grainger from $291.00 to $295.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. W W Grainger currently has a consensus rating of “Hold” and a consensus target price of $295.18.

Shares of NYSE GWW traded up $1.44 during trading on Friday, reaching $278.22. The company had a trading volume of 290,389 shares, compared to its average volume of 318,285. The company’s fifty day moving average price is $275.31 and its 200-day moving average price is $282.47. W W Grainger Inc has a 12 month low of $255.09 and a 12 month high of $361.54. The stock has a market cap of $15.10 billion, a P/E ratio of 16.66, a PEG ratio of 1.41 and a beta of 0.93. The company has a quick ratio of 1.32, a current ratio of 2.38 and a debt-to-equity ratio of 0.98.

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 analysts’ consensus estimates 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 company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter last year, the firm posted $4.37 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities analysts predict that W W Grainger Inc will post 17.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Monday, August 12th were given a $1.44 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $5.76 dividend on an annualized basis and a dividend yield of 2.07%. W W Grainger’s dividend payout ratio (DPR) is presently 34.49%.

About W W Grainger

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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