Cooke & Bieler LP reduced its position in shares of W.W. Grainger Inc. (NYSE:GWW) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 289,766 shares of the company’s stock after selling 1,080 shares during the period. Cooke & Bieler LP’s holdings in W.W. Grainger were worth $65,849,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of GWW. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in W.W. Grainger during the second quarter worth $205,000. Cypress Wealth Advisors LLC acquired a new stake in W.W. Grainger during the first quarter worth $225,000. Atria Investments LLC acquired a new stake in W.W. Grainger during the second quarter worth $239,000. Charter Trust Co. boosted its stake in W.W. Grainger by 14.1% in the second quarter. Charter Trust Co. now owns 1,114 shares of the company’s stock worth $254,000 after buying an additional 138 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in W.W. Grainger during the first quarter worth $257,000. 82.56% of the stock is currently owned by institutional investors and hedge funds.
W.W. Grainger Inc. (NYSE:GWW) traded up 0.17% during midday trading on Monday, reaching $214.58. 693,756 shares of the company’s stock traded hands. The firm has a market cap of $12.97 billion, a price-to-earnings ratio of 19.52 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. 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 released its earnings results on Tuesday, July 19th. The company reported $2.89 EPS for the quarter, missing the consensus estimate of $3.17 by $0.28. W.W. Grainger had a net margin of 6.91% and a return on equity of 31.26%. The firm earned $2.60 million during the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the business earned $3.27 earnings per share. Equities research analysts anticipate that W.W. Grainger Inc. will post $11.54 EPS for the current year.
A number of analysts recently weighed in on GWW shares. BMO Capital Markets lowered 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. Barclays PLC upped their target price on shares of 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. Zacks Investment Research raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Tuesday, September 20th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of W.W. Grainger in a research note on Sunday, September 4th. Finally, Macquarie started coverage on shares of W.W. Grainger in a research note on Thursday, August 25th. They set an “outperform” rating and a $274.00 price objective on the stock. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. W.W. Grainger currently has a consensus rating of “Hold” and an average target price of $228.75.
In related news, VP Joseph C. High sold 1,722 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $220.00, for a total transaction of $378,840.00. Following the sale, the vice president now directly owns 7,531 shares of the company’s stock, valued at approximately $1,656,820. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.60% of the company’s stock.
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.