Oregon Public Employees Retirement Fund raised its stake in W W Grainger Inc (NYSE:GWW) by 56.2% during the second quarter, Holdings Channel reports. The institutional investor owned 20,023 shares of the industrial products company’s stock after buying an additional 7,203 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in W W Grainger were worth $6,175,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Sun Life Financial INC raised its stake in shares of W W Grainger by 60.4% during the second quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 154 shares in the last quarter. Synovus Financial Corp bought a new stake in shares of W W Grainger during the first quarter valued at about $140,000. Piedmont Investment Advisors LLC bought a new stake in shares of W W Grainger during the second quarter valued at about $178,000. Lincoln National Corp bought a new stake in shares of W W Grainger during the first quarter valued at about $203,000. Finally, Global Financial Private Capital LLC bought a new stake in shares of W W Grainger during the second quarter valued at about $203,000. Institutional investors own 79.12% of the company’s stock.
Shares of GWW opened at $353.14 on Friday. The stock has a market capitalization of $19.96 billion, a P/E ratio of 30.82, a P/E/G ratio of 1.78 and a beta of 0.83. W W Grainger Inc has a 1-year low of $159.24 and a 1-year high of $372.06. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.34 and a current ratio of 2.37.
W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Wednesday, July 18th. The industrial products company reported $4.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.78 by $0.59. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.82 billion. W W Grainger had a return on equity of 42.66% and a net margin of 7.16%. W W Grainger’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $1.67 EPS. equities analysts forecast that W W Grainger Inc will post 16.03 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Investors of record on Monday, August 13th were paid a $1.36 dividend. The ex-dividend date was Friday, August 10th. This represents a $5.44 dividend on an annualized basis and a yield of 1.54%. W W Grainger’s dividend payout ratio is currently 47.47%.
In other W W Grainger news, VP John L. Howard sold 14,990 shares of W W Grainger stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $368.20, for a total transaction of $5,519,318.00. Following the transaction, the vice president now owns 58,207 shares of the company’s stock, valued at approximately $21,431,817.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Donald G. Macpherson sold 21,448 shares of W W Grainger stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $342.39, for a total value of $7,343,580.72. Following the transaction, the chairman now directly owns 39,118 shares in the company, valued at approximately $13,393,612.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,237 shares of company stock worth $14,456,628. Company insiders own 10.10% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of W W Grainger from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Thursday, August 30th. Oppenheimer lifted their price objective on shares of W W Grainger from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, August 23rd. Macquarie lifted their target price on W W Grainger from $314.00 to $358.00 and gave the stock a “neutral” rating in a report on Wednesday, August 22nd. Royal Bank of Canada lifted their target price on W W Grainger to $243.00 and gave the stock an “underperform” rating in a report on Thursday, July 19th. They noted that the move was a valuation call. Finally, BMO Capital Markets lifted their target price on W W Grainger from $267.00 to $330.00 and gave the stock a “market perform” rating in a report on Thursday, July 19th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $302.53.
W W Grainger Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.
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