W.W. Grainger, Inc. (GWW) Shares Bought by Longview Partners Guernsey LTD

Longview Partners Guernsey LTD grew its stake in W.W. Grainger, Inc. (NYSE:GWW) by 33.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,001,477 shares of the industrial products company’s stock after buying an additional 1,245,771 shares during the period. W.W. Grainger makes up about 4.9% of Longview Partners Guernsey LTD’s holdings, making the stock its 8th biggest holding. Longview Partners Guernsey LTD owned 8.78% of W.W. Grainger worth $899,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in GWW. The Manufacturers Life Insurance Company grew its stake in W.W. Grainger by 1,082.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 904,298 shares of the industrial products company’s stock worth $163,253,000 after buying an additional 827,796 shares in the last quarter. Koch Industries Inc. grew its stake in W.W. Grainger by 27,293.0% in the 2nd quarter. Koch Industries Inc. now owns 471,433 shares of the industrial products company’s stock worth $469,000 after buying an additional 469,712 shares in the last quarter. APG Asset Management N.V. grew its stake in W.W. Grainger by 655.0% in the 2nd quarter. APG Asset Management N.V. now owns 462,647 shares of the industrial products company’s stock worth $83,522,000 after buying an additional 401,371 shares in the last quarter. Ameriprise Financial Inc. grew its stake in W.W. Grainger by 936.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 377,536 shares of the industrial products company’s stock worth $68,157,000 after buying an additional 341,122 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in W.W. Grainger by 279.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 364,654 shares of the industrial products company’s stock worth $65,831,000 after buying an additional 268,549 shares in the last quarter. 82.00% of the stock is owned by institutional investors and hedge funds.

In related news, VP Paige K. Robbins sold 346 shares of W.W. Grainger stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $202.31, for a total value of $69,999.26. Following the completion of the sale, the vice president now directly owns 8,400 shares in the company, valued at $1,699,404. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Eric R. Tapia sold 190 shares of W.W. Grainger stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $208.26, for a total value of $39,569.40. Following the completion of the sale, the vice president now owns 3,748 shares of the company’s stock, valued at $780,558.48. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by insiders.

W.W. Grainger, Inc. (NYSE GWW) traded down 1.48% during midday trading on Wednesday, reaching $194.77. 373,103 shares of the company were exchanged. The firm has a market capitalization of $11.10 billion, a PE ratio of 23.25 and a beta of 0.76. The company has a 50-day moving average of $184.58 and a 200 day moving average of $177.42. W.W. Grainger, Inc. has a 52 week low of $155.00 and a 52 week high of $262.71.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.56 by $0.34. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.65 billion. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.06 earnings per share. Equities analysts predict that W.W. Grainger, Inc. will post $10.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be paid a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, November 10th. W.W. Grainger’s dividend payout ratio is currently 60.95%.

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A number of brokerages have recently issued reports on GWW. UBS AG cut shares of W.W. Grainger from a “neutral” rating to a “sell” rating and upped their price objective for the company from $170.00 to $195.00 in a research note on Thursday, October 19th. Atlantic Securities raised shares of W.W. Grainger from an “underweight” rating to a “neutral” rating in a research note on Thursday, October 19th. Credit Suisse Group set a $172.00 price objective on shares of W.W. Grainger and gave the company a “sell” rating in a research note on Wednesday, October 18th. Morgan Stanley set a $185.00 price objective on shares of W.W. Grainger and gave the company a “sell” rating in a research note on Wednesday, October 18th. Finally, Oppenheimer Holdings, Inc. raised shares of W.W. Grainger from a “market perform” rating to an “outperform” rating and set a $245.00 price objective for the company in a research note on Wednesday, October 18th. Seven research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $190.85.

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.

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

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