UniSuper Management Pty Ltd Has $1.53 Million Position in W.W. Grainger, Inc. (NYSE:GWW)

UniSuper Management Pty Ltd increased its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 294.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,508 shares of the industrial products company’s stock after buying an additional 1,126 shares during the quarter. UniSuper Management Pty Ltd’s holdings in W.W. Grainger were worth $1,534,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position in W.W. Grainger by 5.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the industrial products company’s stock worth $168,000 after buying an additional 11 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in W.W. Grainger by 10.0% during the first quarter. Hexagon Capital Partners LLC now owns 121 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 11 shares during the last quarter. Ritholtz Wealth Management lifted its stake in W.W. Grainger by 2.8% during the fourth quarter. Ritholtz Wealth Management now owns 436 shares of the industrial products company’s stock worth $361,000 after purchasing an additional 12 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake in W.W. Grainger by 2.7% during the first quarter. Aaron Wealth Advisors LLC now owns 463 shares of the industrial products company’s stock worth $471,000 after purchasing an additional 12 shares during the last quarter. Finally, Copperwynd Financial LLC lifted its stake in W.W. Grainger by 3.6% during the fourth quarter. Copperwynd Financial LLC now owns 347 shares of the industrial products company’s stock worth $288,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Trading Down 2.0 %

NYSE GWW traded down $18.83 on Wednesday, reaching $932.47. The company had a trading volume of 212,588 shares, compared to its average volume of 244,899. The firm has a market cap of $45.76 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 1.87 and a beta of 1.17. W.W. Grainger, Inc. has a fifty-two week low of $674.41 and a fifty-two week high of $1,034.18. The business has a 50 day moving average of $924.50 and a two-hundred day moving average of $939.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.19 and a quick ratio of 1.33.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $9.62 earnings per share for the quarter, beating analysts’ consensus estimates of $9.57 by $0.05. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. W.W. Grainger had a return on equity of 54.31% and a net margin of 10.94%. W.W. Grainger’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $9.61 earnings per share. Analysts forecast that W.W. Grainger, Inc. will post 39.19 EPS for the current year.

Insider Activity at W.W. Grainger

In related news, SVP Matt Fortin sold 511 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $915.20, for a total value of $467,667.20. Following the completion of the sale, the senior vice president now directly owns 1,848 shares in the company, valued at $1,691,289.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 9.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GWW has been the subject of several recent analyst reports. StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Loop Capital cut their target price on W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating for the company in a research note on Monday, April 29th. Erste Group Bank restated a “hold” rating on shares of W.W. Grainger in a research note on Friday, June 14th. Robert W. Baird cut W.W. Grainger from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $1,000.00 to $975.00 in a research note on Wednesday, May 29th. Finally, Baird R W cut W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, W.W. Grainger currently has a consensus rating of “Hold” and an average price target of $959.44.

W.W. Grainger Profile

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.