Rockefeller Financial Services Inc. held its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) during the third quarter, Holdings Channel reports. The fund owned 2,000 shares of the company’s stock at the end of the third quarter. Rockefeller Financial Services Inc.’s holdings in W.W. Grainger were worth $450,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of W.W. Grainger by 2,331.5% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 254,257 shares of the company’s stock worth $57,780,000 after buying an additional 243,800 shares during the period. Mackenzie Financial Corp boosted its stake in shares of W.W. Grainger by 34.5% in the second quarter. Mackenzie Financial Corp now owns 759,733 shares of the company’s stock worth $172,649,000 after buying an additional 195,054 shares during the period. WBI Investments Inc. acquired a new stake in shares of W.W. Grainger during the second quarter worth $17,348,000. Janus Capital Management LLC boosted its stake in shares of W.W. Grainger by 109.2% in the second quarter. Janus Capital Management LLC now owns 74,430 shares of the company’s stock worth $16,914,000 after buying an additional 38,850 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of W.W. Grainger by 0.7% in the second quarter. Vanguard Group Inc. now owns 5,328,701 shares of the company’s stock worth $1,210,948,000 after buying an additional 38,526 shares during the period. 80.94% of the stock is owned by hedge funds and other institutional investors.

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

W.W. Grainger, Inc. (NYSE:GWW) traded up 0.35% during midday trading on Friday, reaching $237.02. 513,217 shares of the company traded hands. The firm’s 50 day moving average price is $234.67 and its 200 day moving average price is $224.49. W.W. Grainger, Inc. has a 12 month low of $176.85 and a 12 month high of $240.74. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 21.33 and a beta of 0.80.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Tuesday, October 18th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.07. W.W. Grainger had a net margin of 6.81% and a return on equity of 31.67%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the business posted $3.03 EPS. W.W. Grainger’s revenue was up 2.5% compared to the same quarter last year. On average, analysts expect that W.W. Grainger, Inc. will post $11.49 earnings per share for the current year.

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GWW has been the subject of a number of research reports. Zacks Investment Research raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research report on Tuesday, September 20th. RBC Capital Markets reaffirmed an “underperform” rating and set a $211.00 price target on shares of W.W. Grainger in a research report on Monday, September 19th. BMO Capital Markets reaffirmed a “buy” rating on shares of W.W. Grainger in a research report on Wednesday, October 19th. Royal Bank Of Canada decreased their price objective on shares of W.W. Grainger from $186.00 to $174.00 and set an “underperform” rating for the company in a research report on Monday, November 14th. Finally, Barclays PLC set a $213.00 price objective on shares of W.W. Grainger and gave the company a “hold” rating in a research report on Monday, November 14th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $226.47.

In related news, Chairman James T. Ryan sold 65,000 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $234.17, for a total value of $15,221,050.00. Following the transaction, the chairman now directly owns 163,478 shares in the company, valued at approximately $38,281,643.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John L. Howard sold 11,000 shares of the firm’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $230.00, for a total transaction of $2,530,000.00. Following the completion of the transaction, the vice president now owns 49,406 shares in the company, valued at $11,363,380. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by corporate 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.

5 Day Chart for NYSE:GWW

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