C M Bidwell & Associates Ltd. Acquires 515 Shares of W W Grainger Inc (GWW)

C M Bidwell & Associates Ltd. raised its holdings in W W Grainger Inc (NYSE:GWW) by 47.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,590 shares of the industrial products company’s stock after buying an additional 515 shares during the period. C M Bidwell & Associates Ltd.’s holdings in W W Grainger were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in shares of W W Grainger by 0.9% in the second quarter. PNC Financial Services Group Inc. now owns 61,332 shares of the industrial products company’s stock valued at $18,915,000 after buying an additional 535 shares in the last quarter. United Services Automobile Association lifted its stake in shares of W W Grainger by 1.7% in the second quarter. United Services Automobile Association now owns 35,922 shares of the industrial products company’s stock valued at $11,078,000 after buying an additional 596 shares in the last quarter. Ronna Sue Cohen purchased a new stake in shares of W W Grainger in the third quarter valued at about $3,651,000. Piedmont Investment Advisors Inc. raised its holdings in shares of W W Grainger by 548.1% in the third quarter. Piedmont Investment Advisors Inc. now owns 3,746 shares of the industrial products company’s stock valued at $1,339,000 after purchasing an additional 3,168 shares during the last quarter. Finally, Aperio Group LLC raised its holdings in shares of W W Grainger by 7.4% in the third quarter. Aperio Group LLC now owns 45,390 shares of the industrial products company’s stock valued at $16,223,000 after purchasing an additional 3,141 shares during the last quarter. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GWW stock opened at $317.19 on Tuesday. W W Grainger Inc has a one year low of $220.32 and a one year high of $372.06. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 1.44. The stock has a market capitalization of $17.69 billion, a PE ratio of 20.03, a PEG ratio of 1.55 and a beta of 1.10.

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

The business also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Monday, November 12th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $5.44 dividend on an annualized basis and a yield of 1.72%. W W Grainger’s dividend payout ratio (DPR) is presently 47.47%.

GWW has been the subject of several analyst reports. Macquarie increased their target price on shares of W W Grainger from $314.00 to $358.00 and gave the company a “neutral” rating in a report on Wednesday, August 22nd. Oppenheimer increased their target price on shares of W W Grainger from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Thursday, August 23rd. UBS Group increased their target price on shares of W W Grainger from $340.00 to $365.00 and gave the company a “hold” rating in a report on Thursday, August 30th. Gordon Haskett initiated coverage on shares of W W Grainger in a report on Friday, October 12th. They issued a “hold” rating for the company. Finally, ValuEngine downgraded shares of W W Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $308.43.

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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.

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

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