Ibex Investors LLC purchased a new position in shares of W W Grainger Inc (NYSE:GWW) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 577 shares of the industrial products company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sun Life Financial INC raised its stake in shares of 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 acquiring an additional 154 shares during the last quarter. MainStreet Investment Advisors LLC raised its stake in shares of W W Grainger by 1.3% in the third quarter. MainStreet Investment Advisors LLC now owns 14,070 shares of the industrial products company’s stock valued at $5,029,000 after acquiring an additional 179 shares during the last quarter. Martingale Asset Management L P raised its stake in shares of W W Grainger by 1.3% in the second quarter. Martingale Asset Management L P now owns 15,083 shares of the industrial products company’s stock valued at $4,652,000 after acquiring an additional 190 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of W W Grainger by 4.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,142 shares of the industrial products company’s stock valued at $1,480,000 after acquiring an additional 190 shares during the last quarter. Finally, People s United Financial Inc. raised its stake in shares of W W Grainger by 17.2% in the second quarter. People s United Financial Inc. now owns 1,444 shares of the industrial products company’s stock valued at $445,000 after acquiring an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Shares of W W Grainger stock opened at $289.43 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 1.44. The company has a market capitalization of $16.87 billion, a P/E ratio of 25.26, a P/E/G ratio of 1.48 and a beta of 1.11. W W Grainger Inc has a fifty-two week low of $221.24 and a fifty-two week high of $372.06.

W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.23. The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.84 billion. W W Grainger had a net margin of 6.51% and a return on equity of 45.22%. W W Grainger’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.79 earnings per share. Equities analysts predict that W W Grainger Inc will post 16.3 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Monday, November 12th were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, November 8th. W W Grainger’s dividend payout ratio is currently 47.47%.

GWW has been the subject of a number of research analyst reports. UBS Group lifted their target price on shares of W W Grainger from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Thursday, August 30th. Longbow Research reiterated a “hold” rating on shares of W W Grainger in a research note on Wednesday, October 17th. Oppenheimer lifted their target price on shares of W W Grainger from $400.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, September 21st. BMO Capital Markets cut their target price on shares of W W Grainger from $332.00 to $330.00 and set a “market perform” rating for the company in a research note on Wednesday, October 17th. Finally, Gordon Haskett began coverage on shares of W W Grainger in a research note on Friday, October 12th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $308.43.

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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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