W W Grainger Inc (GWW) Position Increased by Riverhead Capital Management LLC

Riverhead Capital Management LLC raised its position in shares of W W Grainger Inc (NYSE:GWW) by 186.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,728 shares of the industrial products company’s stock after buying an additional 20,650 shares during the quarter. Riverhead Capital Management LLC’s holdings in W W Grainger were worth $11,340,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GWW. Piedmont Investment Advisors LLC purchased a new position in W W Grainger during the second quarter valued at $178,000. Aperio Group LLC raised its position in shares of W W Grainger by 8.5% in the 2nd quarter. Aperio Group LLC now owns 42,249 shares of the industrial products company’s stock worth $13,030,000 after purchasing an additional 3,317 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of W W Grainger by 80.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,184 shares of the industrial products company’s stock worth $1,599,000 after purchasing an additional 2,316 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of W W Grainger by 2.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 173,440 shares of the industrial products company’s stock worth $53,489,000 after purchasing an additional 3,391 shares during the last quarter. Finally, Smith Asset Management Group LP purchased a new position in shares of W W Grainger in the 2nd quarter worth about $10,516,000. 76.93% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on GWW shares. Macquarie boosted their target price on W W Grainger from $314.00 to $358.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. ValuEngine lowered W W Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Gordon Haskett started coverage on W W Grainger in a research report on Friday, October 12th. They issued a “hold” rating for the company. Oppenheimer boosted their target price on W W Grainger from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, August 23rd. Finally, BMO Capital Markets decreased their target price on W W Grainger from $332.00 to $330.00 and set a “market perform” rating for the company in a research report on Wednesday, October 17th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $308.43.

Shares of W W Grainger stock traded down $3.33 during trading hours on Tuesday, reaching $313.86. 1,176 shares of the stock traded hands, compared to its average volume of 487,158. The company has a market cap of $17.69 billion, a P/E ratio of 27.49, a P/E/G ratio of 1.55 and a beta of 1.10. W W Grainger Inc has a one year low of $220.32 and a one year high of $372.06. The company has a quick ratio of 1.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02.

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

The company also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Monday, November 12th were paid 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 dividend yield of 1.73%. W W Grainger’s dividend payout ratio is currently 47.47%.

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W W Grainger Company 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.

Further Reading: What is Cost of Debt?

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

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