Fairfield Bush & CO. Purchases 2,000 Shares of W.W. Grainger, Inc. (GWW)

Fairfield Bush & CO. raised its position in W.W. Grainger, Inc. (NYSE:GWW) by 96.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,075 shares of the industrial products company’s stock after buying an additional 2,000 shares during the quarter. Fairfield Bush & CO.’s holdings in W.W. Grainger were worth $736,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Harfst & Associates Inc. acquired a new position in W.W. Grainger in the 1st quarter valued at $116,000. Salem Investment Counselors Inc. acquired a new position in W.W. Grainger in the 1st quarter valued at $138,000. Chicago Partners Investment Group LLC increased its stake in W.W. Grainger by 18,650.0% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock valued at $155,000 after buying an additional 746 shares during the period. Twin Tree Management LP acquired a new position in W.W. Grainger in the 1st quarter valued at $195,000. Finally, NEXT Financial Group Inc increased its stake in W.W. Grainger by 12.8% in the 2nd quarter. NEXT Financial Group Inc now owns 883 shares of the industrial products company’s stock valued at $159,000 after buying an additional 100 shares during the period. 80.56% of the stock is currently owned by institutional investors.

Shares of W.W. Grainger, Inc. (NYSE:GWW) traded down 1.18% during midday trading on Tuesday, reaching $175.51. 303,891 shares of the company were exchanged. W.W. Grainger, Inc. has a 52-week low of $155.00 and a 52-week high of $262.71. The firm’s 50 day moving average is $169.92 and its 200-day moving average is $181.31. The company has a market capitalization of $10.13 billion, a PE ratio of 20.23 and a beta of 0.76.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.09. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the previous year, the business earned $2.89 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts forecast that W.W. Grainger, Inc. will post $10.37 earnings per share for the current fiscal year.

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Several equities analysts have issued reports on the stock. BidaskClub raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Morgan Stanley dropped their price objective on shares of W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating on the stock in a research note on Thursday, July 20th. Royal Bank Of Canada reaffirmed a “sell” rating and set a $145.00 price target on shares of W.W. Grainger in a research note on Wednesday, September 6th. Credit Suisse Group raised shares of W.W. Grainger to a “hold” rating and set a $175.00 price target on the stock in a research note on Wednesday, July 19th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of W.W. Grainger in a research note on Monday, August 21st. Six investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $178.25.

W.W. Grainger Profile

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

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

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