W W Grainger Inc (GWW) Stake Raised by Compass Capital Management Inc.
Compass Capital Management Inc. boosted its position in W W Grainger Inc (NYSE:GWW) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,250 shares of the company’s stock after buying an additional 2,792 shares during the period. W W Grainger comprises approximately 3.7% of Compass Capital Management Inc.’s investment portfolio, making the stock its 19th largest position. Compass Capital Management Inc. owned approximately 0.14% of W W Grainger worth $19,600,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. ING Groep NV raised its position in shares of W W Grainger by 50.8% in the second quarter. ING Groep NV now owns 2,036 shares of the company’s stock worth $463,000 after buying an additional 686 shares in the last quarter. Bartlett & Co. LLC raised its position in shares of W W Grainger by 1.8% in the second quarter. Bartlett & Co. LLC now owns 88,068 shares of the company’s stock worth $20,014,000 after buying an additional 1,575 shares in the last quarter. Speece Thorson Capital Group Inc. raised its position in shares of W W Grainger by 1.2% in the second quarter. Speece Thorson Capital Group Inc. now owns 38,357 shares of the company’s stock worth $8,717,000 after buying an additional 464 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of W W Grainger by 33.5% in the second quarter. Candriam Luxembourg S.C.A. now owns 7,075 shares of the company’s stock worth $1,608,000 after buying an additional 1,774 shares in the last quarter. Finally, Confluence Investment Management LLC raised its position in shares of W W Grainger by 9.0% in the second quarter. Confluence Investment Management LLC now owns 38,526 shares of the company’s stock worth $8,755,000 after buying an additional 3,174 shares in the last quarter. Hedge funds and other institutional investors own 82.63% of the company’s stock.
Shares of W W Grainger Inc (NYSE:GWW) traded up 0.80% during mid-day trading on Monday, hitting $226.64. 419,001 shares of the stock were exchanged. The company’s 50-day moving average is $226.22 and its 200-day moving average is $226.41. The firm has a market cap of $13.69 billion, a price-to-earnings ratio of 20.61 and a beta of 0.81. W W Grainger Inc has a 1-year low of $176.85 and a 1-year high of $239.95.
W W Grainger (NYSE:GWW) last released its quarterly earnings data on Tuesday, July 19th. The company reported $2.89 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by $0.28. The business had revenue of $2.60 million for the quarter, compared to the consensus estimate of $2.58 billion. W W Grainger had a return on equity of 31.26% and a net margin of 6.91%. During the same period in the previous year, the business posted $3.27 earnings per share. Equities research analysts anticipate that W W Grainger Inc will post $11.54 earnings per share for the current fiscal year.
A number of equities analysts have commented on GWW shares. Zacks Investment Research upgraded shares of W W Grainger from a “sell” rating to a “hold” rating in a research note on Tuesday, September 20th. RBC Capital Markets restated an “underperform” rating and issued a $211.00 target price on shares of W W Grainger in a research note on Monday, September 19th. Wells Fargo & Co. restated a “hold” rating on shares of W W Grainger in a research note on Sunday, September 4th. Macquarie started coverage on shares of W W Grainger in a research note on Thursday, August 25th. They issued an “outperform” rating and a $274.00 target price on the stock. Finally, BMO Capital Markets cut their target price on shares of W W Grainger from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, July 20th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. W W Grainger has a consensus rating of “Hold” and a consensus target price of $228.75.
In other news, VP Joseph C. High sold 1,722 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $220.00, for a total transaction of $378,840.00. Following the completion of the transaction, the vice president now directly owns 7,531 shares of the company’s stock, valued at approximately $1,656,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.60% of the company’s stock.
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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