Parallel Advisors LLC Has $66,000 Stock Holdings in W W Grainger Inc (NYSE:GWW)

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Parallel Advisors LLC increased its position in shares of W W Grainger Inc (NYSE:GWW) by 23.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 223 shares of the industrial products company’s stock after buying an additional 42 shares during the quarter. Parallel Advisors LLC’s holdings in W W Grainger were worth $66,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GWW. Kavar Capital Partners LLC bought a new position in shares of W W Grainger in the second quarter valued at approximately $26,000. Meeder Asset Management Inc. raised its position in W W Grainger by 858.8% in the third quarter. Meeder Asset Management Inc. now owns 163 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 146 shares during the period. Arrow Financial Corp raised its position in W W Grainger by 41.7% in the second 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 period. AdvisorNet Financial Inc raised its position in W W Grainger by 18,600.0% in the third quarter. AdvisorNet Financial Inc now owns 187 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 186 shares during the period. Finally, CSat Investment Advisory L.P. raised its position in W W Grainger by 150.7% in the second quarter. CSat Investment Advisory L.P. now owns 188 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 113 shares during the period. 74.20% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on GWW. ValuEngine upgraded shares of W W Grainger from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Robert W. Baird increased their price target on shares of W W Grainger from $320.00 to $340.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Stephens increased their price target on shares of W W Grainger from $292.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. increased their price objective on shares of W W Grainger from $297.00 to $301.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, Buckingham Research increased their price objective on shares of W W Grainger from $325.00 to $329.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $296.98.

Shares of GWW traded down $2.16 on Wednesday, reaching $323.28. The company’s stock had a trading volume of 2,404 shares, compared to its average volume of 452,985. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.16 and a quick ratio of 1.19. The stock has a market capitalization of $17.50 billion, a P/E ratio of 19.37, a PEG ratio of 1.69 and a beta of 0.96. The stock’s 50 day simple moving average is $305.99 and its two-hundred day simple moving average is $282.12. W W Grainger Inc has a 12-month low of $255.09 and a 12-month high of $327.76.

W W Grainger (NYSE:GWW) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.40 by ($0.14). The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.94 billion. W W Grainger had a return on equity of 46.07% and a net margin of 8.38%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $4.19 EPS. Analysts expect that W W Grainger Inc will post 17.46 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Monday, November 11th will be issued a $1.44 dividend. This represents a $5.76 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, November 7th. W W Grainger’s payout ratio is 34.49%.

In other W W Grainger news, VP Paige K. Robbins sold 340 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $318.32, for a total transaction of $108,228.80. Following the sale, the vice president now owns 9,914 shares in the company, valued at approximately $3,155,824.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John L. Howard sold 11,716 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $305.68, for a total transaction of $3,581,346.88. Following the sale, the vice president now owns 54,933 shares in the company, valued at approximately $16,791,919.44. The disclosure for this sale can be found here. In the last three months, insiders sold 12,921 shares of company stock worth $3,965,960. 8.50% of the stock is currently owned by insiders.

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.

Further Reading: What is Considered a Good Return on Equity (ROE)?

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

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