1832 Asset Management L.P. Has $4.03 Million Stock Position in W.W. Grainger, Inc. (NYSE:GWW)

1832 Asset Management L.P. raised its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 5.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,963 shares of the industrial products company’s stock after acquiring an additional 216 shares during the quarter. 1832 Asset Management L.P.’s holdings in W.W. Grainger were worth $4,032,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GWW. Bfsg LLC acquired a new position in W.W. Grainger in the 1st quarter valued at approximately $26,000. Valued Wealth Advisors LLC increased its position in W.W. Grainger by 170.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 27 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 17 shares during the period. Scarborough Advisors LLC acquired a new position in W.W. Grainger in the 4th quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of W.W. Grainger during the fourth quarter worth $30,000. Finally, Newbridge Financial Services Group Inc. increased its position in shares of W.W. Grainger by 275.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 45 shares of the industrial products company’s stock worth $37,000 after buying an additional 33 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at W.W. Grainger

In other W.W. Grainger news, SVP Matt Fortin sold 511 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $915.20, for a total value of $467,667.20. Following the transaction, the senior vice president now directly owns 1,848 shares of the company’s stock, valued at $1,691,289.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on GWW. Stephens upgraded shares of W.W. Grainger from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $1,000.00 to $1,250.00 in a research report on Monday, April 29th. Baird R W cut shares of W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Erste Group Bank reiterated a “hold” rating on shares of W.W. Grainger in a research report on Friday, June 14th. Finally, Loop Capital decreased their price objective on shares of W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating for the company in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $959.44.

W.W. Grainger Stock Up 1.7 %

NYSE:GWW traded up $16.19 during trading hours on Friday, reaching $970.34. The company had a trading volume of 213,314 shares, compared to its average volume of 251,067. The company has a quick ratio of 1.33, a current ratio of 2.19 and a debt-to-equity ratio of 0.51. The firm has a market cap of $47.61 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 1.87 and a beta of 1.17. The business’s 50-day simple moving average is $924.62 and its two-hundred day simple moving average is $941.02. W.W. Grainger, Inc. has a twelve month low of $674.41 and a twelve month high of $1,034.18.

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

About W.W. Grainger

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.