IFG Advisory LLC Decreases Stake in W W Grainger Inc (GWW)

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IFG Advisory LLC trimmed its stake in shares of W W Grainger Inc (NYSE:GWW) by 16.6% in the 1st quarter, Holdings Channel reports. The firm owned 1,128 shares of the industrial products company’s stock after selling 224 shares during the period. IFG Advisory LLC’s holdings in W W Grainger were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of W W Grainger by 4.2% during the fourth quarter. BlackRock Inc. now owns 3,372,604 shares of the industrial products company’s stock valued at $952,290,000 after purchasing an additional 135,674 shares during the last quarter. Longview Partners Guernsey LTD raised its holdings in shares of W W Grainger by 84.1% during the fourth quarter. Longview Partners Guernsey LTD now owns 3,155,394 shares of the industrial products company’s stock valued at $890,957,000 after purchasing an additional 1,441,615 shares during the last quarter. Ronna Sue Cohen increased its holdings in W W Grainger by 27,609.9% during the first quarter. Ronna Sue Cohen now owns 2,981,867 shares of the industrial products company’s stock valued at $2,982,000 after buying an additional 2,971,106 shares during the last quarter. Northern Trust Corp increased its holdings in W W Grainger by 8.9% during the fourth quarter. Northern Trust Corp now owns 1,245,244 shares of the industrial products company’s stock valued at $351,607,000 after buying an additional 101,464 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd increased its holdings in W W Grainger by 8.9% during the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 827,172 shares of the industrial products company’s stock valued at $233,560,000 after buying an additional 67,363 shares during the last quarter. 74.80% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE GWW opened at $258.56 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.40 and a quick ratio of 1.36. The firm has a market capitalization of $14.34 billion, a PE ratio of 15.48, a PEG ratio of 1.33 and a beta of 0.96. W W Grainger Inc has a 1 year low of $255.38 and a 1 year high of $372.06.

W W Grainger (NYSE:GWW) last announced its quarterly earnings data on Monday, April 22nd. The industrial products company reported $4.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.42 by $0.09. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.88 billion. W W Grainger had a net margin of 7.12% and a return on equity of 46.09%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $4.18 earnings per share. As a group, research analysts predict that W W Grainger Inc will post 17.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Monday, May 13th will be paid a $1.44 dividend. The ex-dividend date of this dividend is Friday, May 10th. This is a boost from W W Grainger’s previous quarterly dividend of $1.36. This represents a $5.76 dividend on an annualized basis and a dividend yield of 2.23%. W W Grainger’s dividend payout ratio is 34.49%.

W W Grainger announced that its Board of Directors has initiated a share buyback program on Wednesday, April 24th that permits the company to repurchase 5,000,000 shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

A number of brokerages have commented on GWW. ValuEngine cut shares of W W Grainger from a “hold” rating to a “sell” rating in a report on Friday, May 17th. Zacks Investment Research cut shares of W W Grainger from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Gordon Haskett raised shares of W W Grainger from an “underperform” rating to a “hold” rating and set a $264.58 target price for the company in a report on Friday, May 17th. William Blair reaffirmed a “market perform” rating on shares of W W Grainger in a report on Monday, April 22nd. Finally, Stephens set a $318.00 target price on shares of W W Grainger and gave the company a “hold” rating in a report on Tuesday, April 23rd. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $309.13.

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About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

Further Reading: Systematic Risk and Investors

Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W W Grainger Inc (NYSE:GWW).

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

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