Pennsylvania Trust Co Has $227,000 Holdings in W W Grainger Inc (GWW)

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Pennsylvania Trust Co decreased its holdings in shares of W W Grainger Inc (NYSE:GWW) by 19.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 635 shares of the industrial products company’s stock after selling 150 shares during the quarter. Pennsylvania Trust Co’s holdings in W W Grainger were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of GWW. Sun Life Financial INC raised its holdings in W W Grainger by 60.4% during the 2nd quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 154 shares during the period. Piedmont Investment Advisors LLC bought a new stake in W W Grainger during the 2nd quarter valued at $178,000. Global Financial Private Capital LLC bought a new stake in W W Grainger during the 2nd quarter valued at $203,000. Balasa Dinverno & Foltz LLC bought a new stake in W W Grainger during the 2nd quarter valued at $211,000. Finally, Sheaff Brock Investment Advisors LLC bought a new position in shares of W W Grainger in the second quarter worth $213,000. 79.15% of the stock is currently owned by institutional investors and hedge funds.

In related news, Chairman Donald G. Macpherson sold 21,448 shares of the company’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $342.39, for a total value of $7,343,580.72. Following the completion of the transaction, the chairman now directly owns 39,118 shares in the company, valued at $13,393,612.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Eric R. Tapia sold 1,534 shares of the company’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $338.19, for a total transaction of $518,783.46. Following the completion of the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at $770,396.82. The disclosure for this sale can be found here. Insiders sold 38,972 shares of company stock valued at $13,741,862 over the last quarter. 10.10% of the stock is owned by company insiders.

Several research firms have recently weighed in on GWW. Wolfe Research began coverage on shares of W W Grainger in a report on Wednesday, June 27th. They issued a “market perform” rating on the stock. Zacks Investment Research cut shares of W W Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. BMO Capital Markets upped their price target on shares of W W Grainger from $255.00 to $267.00 and gave the stock a “market perform” rating in a report on Friday, July 6th. Oppenheimer upped their price target on shares of W W Grainger from $350.00 to $380.00 and gave the stock an “outperform” rating in a report on Thursday, July 19th. Finally, Gordon Haskett began coverage on shares of W W Grainger in a report on Friday. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $303.20.

W W Grainger stock opened at $311.54 on Friday. The firm has a market capitalization of $20.06 billion, a PE ratio of 27.18, a PEG ratio of 1.79 and a beta of 0.82. W W Grainger Inc has a fifty-two week low of $177.71 and a fifty-two week high of $372.06. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 1.08.

W W Grainger (NYSE:GWW) last announced its earnings results on Wednesday, July 18th. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.78 by $0.59. W W Grainger had a net margin of 7.16% and a return on equity of 42.66%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that W W Grainger Inc will post 16.05 earnings per share for the current year.

About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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

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