Whittier Trust Co. of Nevada Inc. Has $311,000 Position in W.W. Grainger Inc. (GWW)
Whittier Trust Co. of Nevada Inc. continued to hold its stake in W.W. Grainger Inc. (NYSE:GWW) during the second quarter, Holdings Channel reports. The firm owned 1,368 shares of the company’s stock at the end of the second quarter. Whittier Trust Co. of Nevada Inc.’s holdings in W.W. Grainger were worth $311,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in GWW. Geode Capital Management LLC increased its stake in W.W. Grainger by 3.9% in the first quarter. Geode Capital Management LLC now owns 484,813 shares of the company’s stock worth $112,953,000 after buying an additional 18,206 shares in the last quarter. OMERS ADMINISTRATION Corp increased its stake in W.W. Grainger by 13.0% in the first quarter. OMERS ADMINISTRATION Corp now owns 341,500 shares of the company’s stock worth $79,716,000 after buying an additional 39,400 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in W.W. Grainger by 24.3% in the first quarter. TIAA CREF Investment Management LLC now owns 162,889 shares of the company’s stock worth $38,023,000 after buying an additional 31,878 shares in the last quarter. PGGM Investments increased its stake in W.W. Grainger by 17.7% in the second quarter. PGGM Investments now owns 130,237 shares of the company’s stock worth $29,596,000 after buying an additional 19,572 shares in the last quarter. Finally, Credit Agricole S A increased its stake in W.W. Grainger by 5.6% in the first quarter. Credit Agricole S A now owns 127,000 shares of the company’s stock worth $29,645,000 after buying an additional 6,711 shares in the last quarter. Institutional investors and hedge funds own 82.63% of the company’s stock.
W.W. Grainger Inc. (NYSE:GWW) traded down 3.30% during mid-day trading on Tuesday, reaching $216.03. The company had a trading volume of 573,458 shares. The stock has a 50 day moving average of $225.22 and a 200 day moving average of $226.40. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 19.65 and a beta of 0.81. W.W. Grainger Inc. has a 52 week low of $176.85 and a 52 week high of $239.95.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $2.89 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 business earned $2.60 million during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the previous year, the business posted $3.27 earnings per share. Analysts anticipate that W.W. Grainger Inc. will post $11.54 earnings per share for the current year.
GWW has been the subject of a number of recent research reports. Credit Suisse Group AG initiated coverage on W.W. Grainger in a research note on Friday, June 17th. They set a “neutral” rating and a $222.00 price objective for the company. Zacks Investment Research downgraded W.W. Grainger from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Barclays PLC boosted their price objective on W.W. Grainger from $209.00 to $213.00 and gave the company an “equal weight” rating in a research note on Monday, July 18th. Royal Bank Of Canada cut their price objective on W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating for the company in a research note on Wednesday, July 20th. Finally, BMO Capital Markets cut their price objective on W.W. Grainger from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $228.75.
In other W.W. Grainger news, VP Joseph C. High sold 1,722 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $220.00, for a total value of $378,840.00. Following the sale, the vice president now directly owns 7,531 shares of the company’s stock, valued at $1,656,820. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.60% of the stock is owned by company insiders.
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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