Stifel Financial Corp decreased its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 67.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,692 shares of the industrial products company’s stock after selling 62,691 shares during the quarter. Stifel Financial Corp owned approximately 0.05% of W.W. Grainger worth $5,378,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harfst & Associates Inc. acquired a new stake in shares of W.W. Grainger during the 1st quarter valued at $116,000. Salem Investment Counselors Inc. acquired a new position in W.W. Grainger during the 1st quarter worth about $138,000. Chicago Partners Investment Group LLC lifted its holdings in W.W. Grainger by 18,650.0% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock worth $155,000 after buying an additional 746 shares during the period. NEXT Financial Group Inc lifted its holdings in W.W. Grainger by 12.8% during the 2nd quarter. NEXT Financial Group Inc now owns 883 shares of the industrial products company’s stock worth $159,000 after buying an additional 100 shares during the period. Finally, Enterprise Financial Services Corp lifted its holdings in W.W. Grainger by 80.8% during the 2nd quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock worth $163,000 after buying an additional 403 shares during the period. 80.48% of the stock is currently owned by institutional investors.
W.W. Grainger, Inc. (GWW) traded up 3.20% during trading on Tuesday, reaching $188.20. The company had a trading volume of 621,300 shares. The firm’s 50 day moving average price is $172.05 and its 200 day moving average price is $179.51. W.W. Grainger, Inc. has a 12-month low of $155.00 and a 12-month high of $262.71. The firm has a market capitalization of $10.86 billion, a PE ratio of 21.69 and a beta of 0.76.
W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.09. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.63 billion. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $2.89 earnings per share. Equities research analysts forecast that W.W. Grainger, Inc. will post $10.37 EPS for the current year.
Several research firms have recently weighed in on GWW. Zacks Investment Research lowered W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. BMO Capital Markets reissued a “market perform” rating and issued a $178.00 price objective (up from $165.00) on shares of W.W. Grainger in a research report on Monday, October 9th. Credit Suisse Group reissued an “underperform” rating and issued a $150.00 price objective (down from $175.00) on shares of W.W. Grainger in a research report on Thursday, July 20th. BidaskClub raised W.W. Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Royal Bank Of Canada reaffirmed a “sell” rating and issued a $145.00 target price on shares of W.W. Grainger in a research report on Wednesday, September 6th. Six investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $178.25.
About W.W. Grainger
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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