W.W. Grainger Inc. (GWW) Stake Raised by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. increased its position in shares of W.W. Grainger Inc. (NYSE:GWW) by 33.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,075 shares of the company’s stock after buying an additional 1,774 shares during the period. Candriam Luxembourg S.C.A.’s holdings in W.W. Grainger were worth $1,608,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Aperio Group LLC boosted its stake in W.W. Grainger by 35.7% in the first quarter. Aperio Group LLC now owns 26,226 shares of the company’s stock worth $6,122,000 after buying an additional 6,895 shares during the last quarter. Nisa Investment Advisors L.L.C. boosted its stake in W.W. Grainger by 27.2% in the first quarter. Nisa Investment Advisors L.L.C. now owns 11,228 shares of the company’s stock worth $2,621,000 after buying an additional 2,400 shares during the last quarter. CIBC World Markets Inc. boosted its stake in W.W. Grainger by 19.7% in the first quarter. CIBC World Markets Inc. now owns 3,421 shares of the company’s stock worth $799,000 after buying an additional 562 shares during the last quarter. Pacad Investment Ltd. bought a new stake in W.W. Grainger during the first quarter worth about $686,000. Finally, Ngam Advisors L.P. boosted its stake in W.W. Grainger by 6.3% in the first quarter. Ngam Advisors L.P. now owns 20,475 shares of the company’s stock worth $4,779,000 after buying an additional 1,218 shares during the last quarter. Institutional investors own 82.63% of the company’s stock.
Shares of W.W. Grainger Inc. (NYSE:GWW) traded down 1.76% during midday trading on Tuesday, reaching $222.31. The company’s stock had a trading volume of 386,915 shares. The company has a market cap of $13.43 billion, a price-to-earnings ratio of 20.22 and a beta of 0.81. W.W. Grainger Inc. has a 12 month low of $176.85 and a 12 month high of $239.95. The stock has a 50-day moving average of $225.89 and a 200 day moving average of $226.49.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $2.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by $0.28. W.W. Grainger had a net margin of 6.91% and a return on equity of 31.26%. The firm had revenue of $2.60 million for the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the company earned $3.27 EPS. On average, analysts predict that W.W. Grainger Inc. will post $11.54 earnings per share for the current fiscal year.
A number of brokerages have recently commented on GWW. Wells Fargo & Co. reissued a “hold” rating on shares of W.W. Grainger in a report on Sunday, September 4th. Zacks Investment Research lowered W.W. Grainger from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. RBC Capital Markets reissued an “underperform” rating and set a $187.00 price target (down from $197.00) on shares of W.W. Grainger in a report on Wednesday, July 20th. BMO Capital Markets lowered their price target on W.W. Grainger from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th. Finally, Barclays PLC raised their price target on W.W. Grainger from $209.00 to $213.00 and gave the company an “equal weight” rating in a report on Monday, July 18th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $228.75.
In other news, VP Joseph C. High sold 1,722 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $220.00, for a total transaction of $378,840.00. Following the transaction, the vice president now owns 7,531 shares of the company’s stock, valued at $1,656,820. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.60% of the company’s stock.
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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