Trust Department MB Financial Bank N A Decreases Stake in W W Grainger Inc (GWW)
Trust Department MB Financial Bank N A reduced its stake in W W Grainger Inc (NYSE:GWW) by 34.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,538 shares of the industrial products company’s stock after selling 9,769 shares during the period. Trust Department MB Financial Bank N A’s holdings in W W Grainger were worth $4,315,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the company. Northwest Quadrant Wealth Management LLC acquired a new stake in W W Grainger during the fourth quarter valued at $127,000. Ibex Wealth Advisors acquired a new stake in W W Grainger during the fourth quarter valued at $134,000. Virtus Investment Advisers Inc. acquired a new stake in W W Grainger during the third quarter valued at $183,000. HighPoint Advisor Group LLC acquired a new stake in W W Grainger during the fourth quarter valued at $206,000. Finally, Mosaic Family Wealth LLC increased its stake in W W Grainger by 17.2% in the third quarter. Mosaic Family Wealth LLC now owns 818 shares of the industrial products company’s stock valued at $184,000 after buying an additional 120 shares in the last quarter. 80.18% of the stock is owned by institutional investors and hedge funds.
Shares of W W Grainger Inc (NYSE:GWW) traded down 0.916% during trading on Friday, hitting $194.165. 596,192 shares of the stock traded hands. The firm’s 50-day moving average price is $234.85 and its 200-day moving average price is $233.23. W W Grainger Inc has a 12 month low of $192.50 and a 12 month high of $262.72. The stock has a market cap of $11.42 billion, a PE ratio of 19.670 and a beta of 0.82.
W W Grainger (NYSE:GWW) last posted its quarterly earnings results on Tuesday, April 18th. The industrial products company reported $2.88 EPS for the quarter, missing the consensus estimate of $2.99 by $0.11. W W Grainger had a net margin of 5.98% and a return on equity of 32.79%. The business earned $2.54 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm posted $3.18 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Analysts anticipate that W W Grainger Inc will post $11.87 EPS for the current year.
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Several research firms have weighed in on GWW. Stephens set a $190.00 price target on shares of W W Grainger and gave the stock a “hold” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of W W Grainger from a “hold” rating to a “strong sell” rating in a research note on Friday. Royal Bank of Canada reissued a “sell” rating and issued a $166.00 price target (down from $209.00) on shares of W W Grainger in a research note on Wednesday. Credit Suisse Group AG downgraded shares of W W Grainger from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $235.00 to $175.00 in a research note on Wednesday. Finally, Barclays PLC reissued an “equal weight” rating and issued a $239.00 price target (up from $226.00) on shares of W W Grainger in a research note on Thursday, January 26th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $230.00.
In other news, VP Ronald L. Jadin sold 31,186 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $249.06, for a total value of $7,767,185.16. Following the completion of the sale, the vice president now owns 51,645 shares in the company, valued at approximately $12,862,703.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Joseph C. High sold 690 shares of the business’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $252.58, for a total transaction of $174,280.20. Following the completion of the sale, the vice president now owns 6,378 shares of the company’s stock, valued at approximately $1,610,955.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,940 shares of company stock valued at $8,712,647. Company 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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