W W Grainger Inc (GWW) Stake Lessened by Everence Capital Management Inc.

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Everence Capital Management Inc. lowered its position in W W Grainger Inc (NYSE:GWW) by 23.6% during the third quarter, Holdings Channel reports. The institutional investor owned 1,940 shares of the industrial products company’s stock after selling 600 shares during the period. Everence Capital Management Inc.’s holdings in W W Grainger were worth $693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GWW. Sun Life Financial INC boosted its position in W W Grainger by 60.4% in the second quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock valued at $126,000 after buying an additional 154 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in W W Grainger in the second quarter valued at approximately $178,000. Global Financial Private Capital LLC purchased a new stake in W W Grainger in the second quarter valued at approximately $203,000. Mitchell Mcleod Pugh & Williams Inc. purchased a new stake in W W Grainger in the third quarter valued at approximately $204,000. Finally, Balasa Dinverno & Foltz LLC purchased a new stake in W W Grainger in the second quarter valued at approximately $211,000. Hedge funds and other institutional investors own 79.44% of the company’s stock.

W W Grainger stock traded down $1.11 during mid-day trading on Monday, hitting $275.17. The company had a trading volume of 49,858 shares, compared to its average volume of 956,212. The company has a current ratio of 2.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.02. W W Grainger Inc has a 12-month low of $191.39 and a 12-month high of $372.06. The firm has a market cap of $15.51 billion, a PE ratio of 24.06, a P/E/G ratio of 1.37 and a beta of 0.82.

W W Grainger (NYSE:GWW) last released its quarterly earnings data on Tuesday, October 16th. The industrial products company reported $4.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.96 by $0.23. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the firm posted $2.79 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast that W W Grainger Inc will post 16.29 EPS for the current year.

In other W W Grainger news, Chairman Donald G. Macpherson sold 21,448 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $342.39, for a total value of $7,343,580.72. Following the sale, the chairman now owns 39,118 shares in the company, valued at approximately $13,393,612.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Eric R. Tapia sold 1,534 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $338.19, for a total value of $518,783.46. Following the completion of the sale, the vice president now owns 2,278 shares in the company, valued at approximately $770,396.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,972 shares of company stock worth $13,741,862. Insiders own 10.10% of the company’s stock.

GWW has been the topic of a number of recent research reports. Wolfe Research initiated coverage on W W Grainger in a research report on Wednesday, June 27th. They issued a “market perform” rating on the stock. Robert W. Baird lowered W W Grainger from an “outperform” rating to a “neutral” rating and set a $240.00 target price on the stock. in a research report on Tuesday, July 3rd. BMO Capital Markets upped their target price on W W Grainger from $255.00 to $267.00 and gave the company a “market perform” rating in a research report on Friday, July 6th. Gabelli lowered W W Grainger from a “buy” rating to a “hold” rating and set a $386.00 target price on the stock. in a research report on Monday, July 16th. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of W W Grainger in a research report on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $308.43.

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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