NewFocus Financial Group LLC grew its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,513 shares of the industrial products company’s stock after acquiring an additional 440 shares during the period. NewFocus Financial Group LLC’s holdings in W.W. Grainger were worth $1,890,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Exane Derivatives acquired a new stake in W.W. Grainger during the third quarter worth approximately $101,000. Salem Investment Counselors Inc. lifted its position in W.W. Grainger by 1.0% during the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 6 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in W.W. Grainger by 18,650.0% during the second quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock worth $155,000 after acquiring an additional 746 shares during the last quarter. NEXT Financial Group Inc lifted its position in W.W. Grainger by 12.8% during the second quarter. NEXT Financial Group Inc now owns 883 shares of the industrial products company’s stock worth $159,000 after acquiring an additional 100 shares during the last quarter. Finally, Enterprise Financial Services Corp lifted its position in W.W. Grainger by 80.8% during the second quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 403 shares during the last quarter. Hedge funds and other institutional investors own 82.00% of the company’s stock.
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GWW has been the subject of several research reports. Zacks Investment Research downgraded shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Royal Bank Of Canada lifted their price target on shares of W.W. Grainger from $145.00 to $146.00 and gave the company an “underperform” rating in a research report on Wednesday, October 18th. Credit Suisse Group set a $172.00 price target on shares of W.W. Grainger and gave the company a “sell” rating in a research report on Wednesday, October 18th. BMO Capital Markets reiterated a “market perform” rating and issued a $178.00 price target (up from $165.00) on shares of W.W. Grainger in a research report on Monday, October 9th. Finally, Wells Fargo & Company set a $210.00 price target on shares of W.W. Grainger and gave the company a “hold” rating in a research report on Wednesday, October 18th. Seven research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $190.85.
In related news, VP Paige K. Robbins sold 346 shares of W.W. Grainger stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $202.31, for a total value of $69,999.26. Following the transaction, the vice president now owns 8,400 shares in the company, valued at approximately $1,699,404. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Eric R. Tapia sold 190 shares of W.W. Grainger stock in a transaction on Friday, October 20th. The stock was sold at an average price of $208.26, for a total transaction of $39,569.40. Following the completion of the transaction, the vice president now owns 3,748 shares in the company, valued at approximately $780,558.48. The disclosure for this sale can be found here. 9.60% of the stock is owned by company insiders.
Shares of W.W. Grainger, Inc. (NYSE:GWW) traded down 1.47% during mid-day trading on Wednesday, hitting $194.79. 373,549 shares of the company traded hands. The firm’s 50 day moving average price is $184.58 and its 200-day moving average price is $177.42. W.W. Grainger, Inc. has a 1-year low of $155.00 and a 1-year high of $262.71. The stock has a market capitalization of $11.10 billion, a PE ratio of 23.25 and a beta of 0.76.
W.W. Grainger (NYSE:GWW) last issued its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.34. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.65 billion. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.06 EPS. On average, equities research analysts forecast that W.W. Grainger, Inc. will post $10.68 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be given a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Friday, November 10th. W.W. Grainger’s payout ratio is presently 60.95%.
About W.W. Grainger
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.
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