Exxonmobil Investment Management Inc. TX Cuts Position in W.W. Grainger Inc. (GWW)
Exxonmobil Investment Management Inc. TX lowered its position in shares of W.W. Grainger Inc. (NYSE:GWW) by 2.8% during the third quarter, according to its most recent filing with the SEC. The fund owned 14,194 shares of the company’s stock after selling 409 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in W.W. Grainger were worth $3,191,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Nuveen Asset Management LLC boosted its stake in W.W. Grainger by 33.3% in the first quarter. Nuveen Asset Management LLC now owns 7,184 shares of the company’s stock worth $1,677,000 after buying an additional 1,793 shares in the last quarter. Babson Capital Management LLC purchased a new position in shares of W.W. Grainger during the first quarter worth $769,000. Arizona State Retirement System raised its position in shares of W.W. Grainger by 0.7% in the first quarter. Arizona State Retirement System now owns 15,350 shares of the company’s stock worth $3,583,000 after buying an additional 100 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of W.W. Grainger during the first quarter worth $717,000. Finally, British Columbia Investment Management Corp raised its position in shares of W.W. Grainger by 4.4% in the second quarter. British Columbia Investment Management Corp now owns 28,351 shares of the company’s stock worth $6,443,000 after buying an additional 1,182 shares during the last quarter. 81.00% of the stock is currently owned by institutional investors and hedge funds.
W.W. Grainger Inc. (NYSE:GWW) traded up 1.23% during mid-day trading on Tuesday, hitting $226.35. 444,751 shares of the stock traded hands. 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 price of $214.37 and a 200-day moving average price of $222.00. The stock has a market cap of $13.48 billion, a P/E ratio of 20.37 and a beta of 0.74.
W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Tuesday, October 18th. The company reported $3.06 EPS for the quarter, beating the Zacks’ consensus estimate of $2.99 by $0.07. The company earned $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. W.W. Grainger had a net margin of 6.81% and a return on equity of 31.67%. W.W. Grainger’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.03 EPS. On average, equities analysts forecast that W.W. Grainger Inc. will post $11.51 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be issued a $1.22 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $4.88 dividend on an annualized basis and a yield of 2.16%. W.W. Grainger’s payout ratio is 43.88%.
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A number of research analysts have recently weighed in on GWW shares. Barclays PLC set a $213.00 price objective on W.W. Grainger and gave the company a “hold” rating in a research report on Monday, November 14th. RBC Capital Markets restated an “underperform” rating and set a $211.00 price objective on shares of W.W. Grainger in a research report on Monday, September 19th. Credit Suisse Group AG set a $205.00 price objective on W.W. Grainger and gave the company a “hold” rating in a research report on Wednesday, October 19th. William Blair restated an “outperform” rating on shares of W.W. Grainger in a research report on Monday, November 7th. Finally, BMO Capital Markets restated a “buy” rating on shares of W.W. Grainger in a research report on Wednesday, October 19th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. W.W. Grainger currently has an average rating of “Hold” and an average price target of $226.33.
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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