590 Shares in W W Grainger Inc (GWW) Purchased by Wealthsource Partners LLC

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Wealthsource Partners LLC purchased a new stake in W W Grainger Inc (NYSE:GWW) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 590 shares of the industrial products company’s stock, valued at approximately $211,000.

Several other hedge funds also recently made changes to their positions in the company. Piedmont Investment Advisors LLC purchased a new position in W W Grainger in the 2nd quarter worth approximately $178,000. Raymond James Financial Services Advisors Inc. lifted its stake in 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 in the last quarter. Smith Asset Management Group LP purchased a new position in W W Grainger in the 2nd quarter worth approximately $10,516,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in W W Grainger in the 2nd quarter worth approximately $2,629,000. Finally, Victory Capital Management Inc. lifted its stake in W W Grainger by 12.0% in the 2nd quarter. Victory Capital Management Inc. now owns 8,257 shares of the industrial products company’s stock worth $2,546,000 after purchasing an additional 882 shares in the last quarter. 76.93% of the stock is owned by institutional investors.

W W Grainger stock opened at $289.43 on Friday. W W Grainger Inc has a fifty-two week low of $221.24 and a fifty-two week 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 company has a market capitalization of $16.87 billion, a P/E ratio of 25.26, a P/E/G ratio of 1.48 and a beta of 1.11.

W W Grainger (NYSE:GWW) last posted its earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm 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 firm earned $2.79 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, sell-side analysts expect that W W Grainger Inc will post 16.3 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Monday, November 12th were issued a $1.36 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $5.44 annualized dividend and a yield of 1.88%. W W Grainger’s dividend payout ratio (DPR) is presently 47.47%.

A number of analysts have recently issued reports on GWW shares. Oppenheimer raised their price target on shares of W W Grainger from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, September 21st. BMO Capital Markets cut their price target on shares of W W Grainger from $332.00 to $330.00 and set a “market perform” rating for the company in a report on Wednesday, October 17th. Macquarie raised their price target on shares of W W Grainger from $314.00 to $358.00 and gave the stock a “neutral” rating in a report on Wednesday, August 22nd. ValuEngine downgraded shares of W W Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, Gordon Haskett started coverage on shares of W W Grainger in a report on Friday, October 12th. They set a “hold” rating for the company. Two 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. The company presently has a consensus rating of “Hold” and an average price target of $308.43.

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About W W Grainger

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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