Cooke & Bieler LP Decreases Position in W.W. Grainger Inc. (GWW)
Cooke & Bieler LP reduced its stake in shares of W.W. Grainger Inc. (NYSE:GWW) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,766 shares of the company’s stock after selling 1,080 shares during the period. Cooke & Bieler LP owned 0.48% of W.W. Grainger worth $65,849,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GWW. Trust Co raised its position in W.W. Grainger by 0.3% in the first quarter. Trust Co now owns 2,828 shares of the company’s stock valued at $660,000 after buying an additional 8 shares during the period. McQueen Ball & Associates Inc. increased its stake in shares of W.W. Grainger by 0.5% in the second quarter. McQueen Ball & Associates Inc. now owns 6,679 shares of the company’s stock valued at $1,518,000 after buying an additional 30 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of W.W. Grainger by 1.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,121 shares of the company’s stock valued at $936,000 after buying an additional 40 shares in the last quarter. Verus Financial Partners Inc. increased its stake in shares of W.W. Grainger by 3.7% in the second quarter. Verus Financial Partners Inc. now owns 1,143 shares of the company’s stock valued at $260,000 after buying an additional 41 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in shares of W.W. Grainger by 0.3% in the second quarter. Gulf International Bank UK Ltd now owns 16,636 shares of the company’s stock valued at $3,780,000 after buying an additional 50 shares in the last quarter. 82.56% of the stock is currently owned by institutional investors.
W.W. Grainger Inc. (NYSE:GWW) traded up 0.17% during midday trading on Monday, hitting $214.58. The stock had a trading volume of 693,756 shares. The company has a market cap of $12.97 billion, a PE ratio of 19.52 and a beta of 0.81. W.W. Grainger Inc. has a 52 week low of $176.85 and a 52 week high of $239.95. The stock’s 50 day moving average price is $223.48 and its 200-day moving average price is $226.08.
W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $2.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by $0.28. W.W. Grainger had a return on equity of 31.26% and a net margin of 6.91%. The company had revenue of $2.60 million for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the firm posted $3.27 EPS. Equities research analysts predict that W.W. Grainger Inc. will post $11.54 earnings per share for the current year.
GWW has been the subject of several recent analyst reports. Zacks Investment Research upgraded 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 set a $211.00 target price on shares of W.W. Grainger in a research note on Monday, September 19th. Macquarie initiated coverage on W.W. Grainger in a research note on Thursday, August 25th. They set an “outperform” rating and a $274.00 target price for the company. Royal Bank Of Canada lowered their target price on W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating for the company in a research note on Wednesday, July 20th. Finally, Barclays PLC raised their target price on W.W. Grainger from $209.00 to $213.00 and gave the company an “equal weight” rating in a research note on Monday, July 18th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. W.W. Grainger presently has a consensus rating of “Hold” and a consensus price target of $228.75.
In other news, VP Joseph C. High sold 1,722 shares of the business’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 transaction, the vice president now owns 7,531 shares in the company, valued at approximately $1,656,820. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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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