Prime Capital Investment Advisors LLC purchased a new stake in shares of W W Grainger Inc (NYSE:GWW) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 100 shares of the industrial products company’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GWW. Kavar Capital Partners LLC acquired a new stake in W W Grainger in the second quarter worth $26,000. Arrow Financial Corp raised its holdings in shares of W W Grainger by 41.7% during the second quarter. Arrow Financial Corp now owns 170 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 50 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of W W Grainger by 858.8% during the third quarter. Meeder Asset Management Inc. now owns 163 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 146 shares during the period. Parallel Advisors LLC raised its holdings in shares of W W Grainger by 34.1% during the second quarter. Parallel Advisors LLC now owns 181 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 46 shares during the period. Finally, CSat Investment Advisory L.P. raised its holdings in shares of W W Grainger by 150.7% during the second quarter. CSat Investment Advisory L.P. now owns 188 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 113 shares during the period. 74.20% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently commented on GWW. Robert W. Baird raised their price objective on shares of W W Grainger from $320.00 to $340.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Morgan Stanley lifted their price objective on shares of W W Grainger from $276.00 to $281.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Gabelli reissued a “hold” rating on shares of W W Grainger in a research report on Friday, July 26th. Buckingham Research lifted their price objective on shares of W W Grainger from $325.00 to $329.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, Stephens lifted their price objective on shares of W W Grainger from $292.00 to $305.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $296.98.

W W Grainger stock traded up $2.07 during midday trading on Thursday, hitting $324.59. The company’s stock had a trading volume of 787 shares, compared to its average volume of 400,865. W W Grainger Inc has a 1-year low of $255.09 and a 1-year high of $327.76. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.16 and a quick ratio of 1.19. The company has a 50-day moving average price of $306.55 and a two-hundred day moving average price of $282.25. The company has a market cap of $17.62 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.70 and a beta of 0.96.

W W Grainger (NYSE:GWW) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.26 earnings per share for the quarter, missing the consensus estimate of $4.40 by ($0.14). W W Grainger had a return on equity of 46.07% and a net margin of 8.38%. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the firm earned $4.19 EPS. W W Grainger’s revenue for the quarter was up 4.1% compared to the same quarter last year. Sell-side analysts forecast that W W Grainger Inc will post 17.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Monday, November 11th will be paid a $1.44 dividend. This represents a $5.76 annualized dividend and a yield of 1.77%. The ex-dividend date is Thursday, November 7th. W W Grainger’s dividend payout ratio (DPR) is 34.49%.

In other W W Grainger news, VP Paige K. Robbins sold 340 shares of W W Grainger stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $318.32, for a total value of $108,228.80. Following the completion of the sale, the vice president now owns 9,914 shares in the company, valued at approximately $3,155,824.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric R. Tapia sold 865 shares of W W Grainger stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $319.52, for a total transaction of $276,384.80. Following the completion of the sale, the vice president now owns 3,276 shares of the company’s stock, valued at approximately $1,046,747.52. The disclosure for this sale can be found here. Insiders sold a total of 12,921 shares of company stock valued at $3,965,960 in the last quarter. Corporate insiders own 8.50% of the company’s stock.

W W Grainger Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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

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