Franklin Resources Inc. Has $227.42 Million Stake in W W Grainger Inc (GWW)

Franklin Resources Inc. lessened its stake in shares of W W Grainger Inc (NYSE:GWW) by 2.8% in the 3rd quarter, Holdings Channel reports. The firm owned 636,303 shares of the industrial products company’s stock after selling 18,409 shares during the quarter. Franklin Resources Inc.’s holdings in W W Grainger were worth $227,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in GWW. Financial Architects Inc raised its stake in shares of W W Grainger by 1,195.7% during the third quarter. Financial Architects Inc now owns 298 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 275 shares during the last quarter. Sun Life Financial INC raised its stake in shares of W W Grainger by 60.4% during the second quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 154 shares during the last quarter. First Interstate Bank raised its stake in shares of W W Grainger by 161.3% during the third quarter. First Interstate Bank now owns 405 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 250 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of W W Grainger during the second quarter worth approximately $178,000. Finally, Global Financial Private Capital LLC purchased a new stake in shares of W W Grainger during the second quarter worth approximately $203,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

Several equities research analysts have recently commented on the company. Oppenheimer upped their price target on W W Grainger from $400.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, September 21st. Gordon Haskett assumed coverage on W W Grainger in a research note on Friday, October 12th. They set a “hold” rating for the company. UBS Group upped their price target on W W Grainger from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Thursday, August 30th. Macquarie upped their price target on W W Grainger from $314.00 to $358.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 22nd. Finally, ValuEngine cut W W Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company. W W Grainger has a consensus rating of “Hold” and a consensus target price of $308.43.

NYSE:GWW opened at $314.04 on Friday. The firm has a market capitalization of $17.69 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.55 and a beta of 1.06. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 1.44. W W Grainger Inc has a 1 year low of $210.73 and a 1 year high of $372.06.

W W Grainger (NYSE:GWW) last released its quarterly earnings data on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.96 by $0.23. The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.84 billion. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. W W Grainger’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.79 earnings per share. As a group, sell-side analysts anticipate that W W Grainger Inc will post 16.3 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Monday, November 12th were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, November 8th. W W Grainger’s payout ratio is 47.47%.

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W W Grainger Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

Read More: How to Invest in Growth Stocks

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

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