W.W. Grainger, Inc. (GWW) Shares Bought by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. boosted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 79.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,891 shares of the industrial products company’s stock after buying an additional 17,189 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.07% of W.W. Grainger worth $7,021,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in GWW. Vanguard Group Inc. raised its position in shares of W.W. Grainger by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,438,209 shares of the industrial products company’s stock valued at $1,265,798,000 after buying an additional 192,967 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of W.W. Grainger by 6.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 10,020 shares of the industrial products company’s stock valued at $2,332,000 after buying an additional 599 shares during the period. Princeton Alpha Management LP purchased a new position in shares of W.W. Grainger during the first quarter valued at about $393,000. First Business Financial Services Inc. raised its position in shares of W.W. Grainger by 21.4% in the first quarter. First Business Financial Services Inc. now owns 2,000 shares of the industrial products company’s stock valued at $466,000 after buying an additional 353 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its position in shares of W.W. Grainger by 134.7% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 22,793 shares of the industrial products company’s stock valued at $5,305,000 after buying an additional 13,083 shares during the period. 80.55% of the stock is owned by institutional investors.
Shares of W.W. Grainger, Inc. (GWW) opened at 162.57 on Friday. The company has a market capitalization of $9.38 billion, a PE ratio of 18.74 and a beta of 0.74. The company has a 50-day moving average of $165.26 and a 200 day moving average of $196.29. W.W. Grainger, Inc. has a 52-week low of $158.12 and a 52-week high of $262.71.
W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.09. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.63 billion. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company posted $2.89 earnings per share. Analysts predict that W.W. Grainger, Inc. will post $10.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, August 10th. W.W. Grainger’s payout ratio is 59.12%.
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Several equities analysts have recently issued reports on GWW shares. J P Morgan Chase & Co started coverage on shares of W.W. Grainger in a report on Friday, June 2nd. They issued a “neutral” rating and a $180.00 price target for the company. TheStreet lowered shares of W.W. Grainger from a “b-” rating to a “c+” rating in a report on Thursday, May 11th. Credit Suisse Group reissued an “underperform” rating and issued a $150.00 price target (down previously from $175.00) on shares of W.W. Grainger in a report on Thursday, July 20th. BidaskClub raised shares of W.W. Grainger from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Royal Bank Of Canada decreased their price target on shares of W.W. Grainger from $166.00 to $156.00 and set an “underperform” rating for the company in a report on Monday, May 15th. Five investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $180.33.
W.W. Grainger Company Profile
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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