Brown Advisory Inc. lowered its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,423 shares of the industrial products company’s stock after selling 4,041 shares during the quarter. Brown Advisory Inc. owned about 0.13% of W.W. Grainger worth $13,378,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Exane Derivatives acquired a new stake in W.W. Grainger in the 3rd quarter valued at $101,000. Salem Investment Counselors Inc. grew its position in W.W. Grainger by 1.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 6 shares during the period. Chicago Partners Investment Group LLC grew its position in W.W. Grainger by 18,650.0% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 746 shares during the period. Legacy Advisors LLC acquired a new stake in W.W. Grainger in the 3rd quarter valued at $198,000. Finally, Good Life Advisors LLC acquired a new stake in W.W. Grainger in the 3rd quarter valued at $206,000. 85.21% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on the stock. KeyCorp reissued a “sector weight” rating on shares of W.W. Grainger in a research report on Monday, August 21st. Royal Bank Of Canada lifted their price target on shares of W.W. Grainger from $145.00 to $146.00 and gave the company an “underperform” rating in a research report on Wednesday, October 18th. UBS downgraded shares of W.W. Grainger from a “neutral” rating to a “sell” rating and lifted their price target for the company from $170.00 to $195.00 in a research report on Thursday, October 19th. Morgan Stanley reissued an “underweight” rating and issued a $178.00 price target (up previously from $172.00) on shares of W.W. Grainger in a research report on Monday, October 2nd. Finally, Credit Suisse Group set a $172.00 price target on shares of W.W. Grainger and gave the company a “sell” rating in a research report on Wednesday, October 18th. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $191.23.
W.W. Grainger, Inc. (NYSE:GWW) traded down $3.08 on Monday, reaching $218.23. 999,800 shares of the company’s stock were exchanged, compared to its average volume of 945,507. The company has a quick ratio of 1.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.19. The stock has a market cap of $12,435.44, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. W.W. Grainger, Inc. has a 1 year low of $155.00 and a 1 year high of $262.71.
W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.56 by $0.34. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.65 billion. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.06 EPS. sell-side analysts forecast that W.W. Grainger, Inc. will post 10.71 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 13th were issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Friday, November 10th. W.W. Grainger’s dividend payout ratio is 60.95%.
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W.W. Grainger Company Profile
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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