Alps Advisors Inc. Makes New $372,000 Investment in W W Grainger Inc (NYSE:GWW)

Alps Advisors Inc. acquired a new position in W W Grainger Inc (NYSE:GWW) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,251 shares of the industrial products company’s stock, valued at approximately $372,000.

A number of other institutional investors have also added to or reduced their stakes in GWW. Longview Partners Guernsey LTD lifted its stake in W W Grainger by 20.7% in the second quarter. Longview Partners Guernsey LTD now owns 4,113,145 shares of the industrial products company’s stock valued at $1,103,269,000 after buying an additional 704,783 shares during the last quarter. BlackRock Inc. lifted its stake in W W Grainger by 1.8% in the second quarter. BlackRock Inc. now owns 3,321,702 shares of the industrial products company’s stock valued at $890,979,000 after buying an additional 58,248 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in W W Grainger by 25,367.8% in the second quarter. Nuveen Asset Management LLC now owns 1,215,578 shares of the industrial products company’s stock valued at $326,055,000 after buying an additional 1,210,805 shares during the last quarter. Mackenzie Financial Corp lifted its stake in W W Grainger by 25.2% in the second quarter. Mackenzie Financial Corp now owns 902,724 shares of the industrial products company’s stock valued at $242,138,000 after buying an additional 181,743 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in W W Grainger by 6.2% in the second quarter. Bank of America Corp DE now owns 740,780 shares of the industrial products company’s stock valued at $198,699,000 after buying an additional 43,437 shares during the last quarter. 74.20% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have issued reports on GWW. Buckingham Research raised their target price on W W Grainger from $325.00 to $329.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. ValuEngine upgraded W W Grainger from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Zacks Investment Research upgraded W W Grainger from a “sell” rating to a “hold” rating and set a $315.00 target price on the stock in a research note on Friday, July 26th. Stephens raised their target price on W W Grainger from $292.00 to $305.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, Robert W. Baird raised their target price on W W Grainger from $320.00 to $340.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. W W Grainger has a consensus rating of “Hold” and an average target price of $296.98.

In related news, VP Paige K. Robbins sold 340 shares of W W Grainger stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $318.32, for a total transaction of $108,228.80. Following the transaction, the vice president now directly owns 9,914 shares of the company’s stock, valued at $3,155,824.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Eric R. Tapia sold 865 shares of W W Grainger stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $319.52, for a total value of $276,384.80. Following the transaction, the vice president now directly owns 3,276 shares in the company, valued at $1,046,747.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,921 shares of company stock worth $3,965,960. 8.50% of the stock is owned by corporate insiders.

Shares of NYSE GWW opened at $322.52 on Thursday. W W Grainger Inc has a fifty-two week low of $255.09 and a fifty-two week high of $327.76. The firm’s 50-day simple moving average is $306.55 and its 200 day simple moving average is $282.25. The company has a quick ratio of 1.19, a current ratio of 2.16 and a debt-to-equity ratio of 0.93. The stock has a market cap of $17.50 billion, a P/E ratio of 19.31, a P/E/G ratio of 1.69 and a beta of 0.96.

W W Grainger (NYSE:GWW) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.26 earnings per share for the quarter, missing analysts’ consensus estimates of $4.40 by ($0.14). W W Grainger had a net margin of 8.38% and a return on equity of 46.07%. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm earned $4.19 earnings per share. W W Grainger’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, sell-side analysts anticipate that W W Grainger Inc will post 17.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Monday, November 11th will be paid a dividend of $1.44 per share. This represents a $5.76 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, November 7th. W W Grainger’s dividend payout ratio is currently 34.49%.

W W Grainger Company 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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