Wedge Capital Management L L P NC Sells 361 Shares of W W Grainger Inc (GWW)
Wedge Capital Management L L P NC cut its holdings in shares of W W Grainger Inc (NYSE:GWW) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,369 shares of the industrial products company’s stock after selling 361 shares during the quarter. Wedge Capital Management L L P NC’s holdings in W W Grainger were worth $796,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in W W Grainger by 6.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,430 shares of the industrial products company’s stock valued at $2,937,000 after purchasing an additional 742 shares during the last quarter. Dupont Capital Management Corp lifted its holdings in W W Grainger by 26.1% during the fourth quarter. Dupont Capital Management Corp now owns 10,844 shares of the industrial products company’s stock valued at $2,562,000 after purchasing an additional 2,243 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in W W Grainger during the fourth quarter valued at about $6,370,000. Savant Capital LLC purchased a new stake in W W Grainger during the fourth quarter valued at about $207,000. Finally, Northstar Investment Advisors LLC purchased a new stake in W W Grainger during the fourth quarter valued at about $245,000. 85.92% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Eric R. Tapia sold 100 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $266.06, for a total value of $26,606.00. Following the transaction, the vice president now directly owns 3,563 shares in the company, valued at $947,971.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Laura D. Brown sold 9,158 shares of the stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $232.86, for a total transaction of $2,132,531.88. Following the transaction, the vice president now owns 16,893 shares in the company, valued at $3,933,703.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,258 shares of company stock worth $6,790,898. 9.60% of the stock is owned by company insiders.
W W Grainger (NYSE:GWW) last posted its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.18 by $0.76. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.57 billion. W W Grainger had a net margin of 5.62% and a return on equity of 35.76%. W W Grainger’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.45 earnings per share. analysts anticipate that W W Grainger Inc will post 13.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be given a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, February 9th. W W Grainger’s dividend payout ratio (DPR) is 51.10%.
Several brokerages have recently weighed in on GWW. Atlantic Securities upgraded W W Grainger from an “underweight” rating to a “neutral” rating in a research report on Thursday, October 19th. Royal Bank of Canada upped their price target on W W Grainger from $146.00 to $148.00 and gave the company an “underperform” rating in a research report on Tuesday, November 7th. Oppenheimer reiterated a “buy” rating and set a $245.00 price target on shares of W W Grainger in a research report on Monday, November 13th. Stephens reiterated a “hold” rating and set a $264.00 price target on shares of W W Grainger in a research report on Thursday, January 25th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $194.00 price target (up from $178.00) on shares of W W Grainger in a research report on Wednesday, October 18th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $234.38.
W W Grainger 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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