F3Logic LLC Reduces Position in W W Grainger Inc (GWW)

F3Logic LLC reduced its position in shares of W W Grainger Inc (NYSE:GWW) by 6.7% in the 1st quarter, Holdings Channel reports. The firm owned 6,830 shares of the industrial products company’s stock after selling 490 shares during the quarter. F3Logic LLC’s holdings in W W Grainger were worth $2,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB lifted its holdings in shares of W W Grainger by 67.9% during the 3rd quarter. Nordea Investment Management AB now owns 36,850 shares of the industrial products company’s stock valued at $13,171,000 after buying an additional 14,896 shares during the last quarter. Morgan Stanley lifted its holdings in shares of W W Grainger by 59.0% during the 3rd quarter. Morgan Stanley now owns 518,061 shares of the industrial products company’s stock valued at $185,161,000 after buying an additional 192,292 shares during the last quarter. CX Institutional acquired a new stake in shares of W W Grainger during the 4th quarter valued at about $636,000. TRUE Private Wealth Advisors lifted its holdings in shares of W W Grainger by 338.4% during the 4th quarter. TRUE Private Wealth Advisors now owns 1,188 shares of the industrial products company’s stock valued at $335,000 after buying an additional 917 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of W W Grainger during the 4th quarter valued at about $230,000. 78.04% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered W W Grainger from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Royal Bank of Canada boosted their target price on W W Grainger to $240.00 and gave the stock an “underperform” rating in a report on Friday, January 25th. They noted that the move was a valuation call. Peel Hunt upgraded W W Grainger from an “add” rating to a “buy” rating in a report on Thursday, April 4th. Macquarie upgraded W W Grainger from a “neutral” rating to an “outperform” rating and set a $281.21 target price for the company in a report on Tuesday, January 15th. Finally, Buckingham Research boosted their target price on W W Grainger from $309.00 to $316.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $312.30.

Shares of GWW stock traded down $1.70 during trading hours on Wednesday, reaching $260.36. 1,846 shares of the company’s stock were exchanged, compared to its average volume of 516,220. W W Grainger Inc has a fifty-two week low of $258.71 and a fifty-two week high of $372.06. The firm has a market cap of $14.41 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.27 and a beta of 0.96. The company has a quick ratio of 1.36, a current ratio of 2.40 and a debt-to-equity ratio of 0.97.

W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Monday, April 22nd. The industrial products company reported $4.51 EPS for the quarter, topping analysts’ consensus estimates of $4.42 by $0.09. W W Grainger had a return on equity of 46.09% and a net margin of 7.12%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same period in the previous year, the company earned $4.18 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts predict that W W Grainger Inc will post 17.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Monday, May 13th will be given a dividend of $1.44 per share. The ex-dividend date is Friday, May 10th. This is a boost from W W Grainger’s previous quarterly dividend of $1.36. This represents a $5.76 dividend on an annualized basis and a dividend yield of 2.21%. W W Grainger’s payout ratio is currently 34.49%.

W W Grainger announced that its board has initiated a share repurchase plan on Wednesday, April 24th that permits the company to buyback 5,000,000 outstanding shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

In other news, Chairman Donald G. Macpherson sold 2,317 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $310.03, for a total transaction of $718,339.51. Following the sale, the chairman now directly owns 45,848 shares in the company, valued at $14,214,255.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP John L. Howard sold 1,211 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $310.09, for a total value of $375,518.99. Following the sale, the vice president now owns 44,934 shares in the company, valued at $13,933,584.06. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.

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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: Mutual Funds

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

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