Pennsylvania Trust Co Boosts Stake in W W Grainger Inc (NYSE:GWW)

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Pennsylvania Trust Co increased its position in W W Grainger Inc (NYSE:GWW) by 7.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,250 shares of the industrial products company’s stock after purchasing an additional 88 shares during the period. Pennsylvania Trust Co’s holdings in W W Grainger were worth $371,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GWW. MML Investors Services LLC raised its position in shares of W W Grainger by 13.3% during the first quarter. MML Investors Services LLC now owns 2,982 shares of the industrial products company’s stock worth $898,000 after purchasing an additional 349 shares during the period. FIL Ltd grew its position in W W Grainger by 68.1% during the 1st quarter. FIL Ltd now owns 4,882 shares of the industrial products company’s stock worth $1,470,000 after acquiring an additional 1,978 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its position in W W Grainger by 0.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 56,676 shares of the industrial products company’s stock worth $17,056,000 after acquiring an additional 164 shares during the last quarter. Burney Co. grew its position in W W Grainger by 6.7% during the 1st quarter. Burney Co. now owns 966 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 61 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its position in W W Grainger by 76.3% during the 1st quarter. Wealthfront Advisers LLC now owns 1,878 shares of the industrial products company’s stock worth $565,000 after acquiring an additional 813 shares during the last quarter. Institutional investors own 72.73% of the company’s stock.

Several equities analysts recently issued reports on GWW shares. Zacks Investment Research upgraded W W Grainger from a “sell” rating to a “hold” rating and set a $315.00 price target on the stock in a research report on Friday, July 26th. JPMorgan Chase & Co. lifted their price objective on W W Grainger from $297.00 to $301.00 and gave the stock a “neutral” rating in a research report on Thursday. Stephens lifted their price objective on W W Grainger from $292.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. ValuEngine upgraded W W Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley lifted their price objective on W W Grainger from $258.00 to $276.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. W W Grainger has a consensus rating of “Hold” and a consensus target price of $298.44.

GWW opened at $305.20 on Friday. The stock has a market cap of $16.65 billion, a PE ratio of 18.28, a PEG ratio of 1.45 and a beta of 0.95. The company has a quick ratio of 1.32, a current ratio of 2.38 and a debt-to-equity ratio of 0.98. The business has a 50 day moving average of $284.23 and a 200-day moving average of $280.45. W W Grainger Inc has a 52 week low of $255.09 and a 52 week high of $321.07.

W W Grainger (NYSE:GWW) last released its earnings results on Wednesday, July 24th. The industrial products company reported $4.64 EPS for the quarter, missing the Zacks’ consensus estimate of $4.65 by ($0.01). The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.97 billion. W W Grainger had a net margin of 7.32% and a return on equity of 46.27%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.37 EPS. Equities analysts anticipate that W W Grainger Inc will post 17.58 EPS for the current year.

W W Grainger Profile

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.

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

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