Ronna Sue Cohen Takes $3.97 Million Position in W W Grainger Inc (GWW)

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Ronna Sue Cohen acquired a new stake in W W Grainger Inc (NYSE:GWW) during the third quarter, HoldingsChannel reports. The fund acquired 11,106 shares of the industrial products company’s stock, valued at approximately $3,969,000. W W Grainger makes up approximately 2.3% of Ronna Sue Cohen’s investment portfolio, making the stock its 8th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GWW. FMR LLC grew its holdings in shares of W W Grainger by 94.6% during the 2nd quarter. FMR LLC now owns 1,386,729 shares of the industrial products company’s stock worth $427,667,000 after purchasing an additional 673,993 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of W W Grainger by 34,096.9% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 445,586 shares of the industrial products company’s stock worth $1,454,000 after purchasing an additional 444,283 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of W W Grainger by 493.8% during the 2nd quarter. Bank of Montreal Can now owns 404,210 shares of the industrial products company’s stock worth $124,656,000 after purchasing an additional 336,133 shares in the last quarter. Millennium Management LLC grew its holdings in shares of W W Grainger by 4,050.2% during the 1st quarter. Millennium Management LLC now owns 283,503 shares of the industrial products company’s stock worth $80,024,000 after purchasing an additional 276,672 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of W W Grainger by 680.6% during the 2nd quarter. Voya Investment Management LLC now owns 239,514 shares of the industrial products company’s stock worth $73,866,000 after purchasing an additional 208,829 shares in the last quarter. 79.15% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:GWW traded down $42.02 during trading hours on Tuesday, hitting $275.99. The company’s stock had a trading volume of 158,265 shares, compared to its average volume of 804,416. The firm has a market capitalization of $20.06 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 1.79 and a beta of 0.82. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 1.08. W W Grainger Inc has a twelve month low of $179.65 and a twelve month high of $372.06.

W W Grainger (NYSE:GWW) last released its quarterly earnings data on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.23. The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.84 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 7.4% compared to the same quarter last year. During the same period last year, the firm posted $2.79 earnings per share. On average, analysts anticipate that W W Grainger Inc will post 16.05 EPS for the current fiscal year.

Several analysts have recently issued reports on GWW shares. Gabelli lowered W W Grainger from a “buy” rating to a “hold” rating and set a $386.00 target price on the stock. in a report on Monday, July 16th. UBS Group increased their target price on W W Grainger from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Thursday, August 30th. Robert W. Baird lowered W W Grainger from an “outperform” rating to a “neutral” rating and set a $240.00 target price on the stock. in a report on Tuesday, July 3rd. Royal Bank of Canada increased 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, Oppenheimer increased their target price on W W Grainger from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, September 21st. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $303.20.

In other W W Grainger news, Director Brian P. Anderson sold 1,000 shares of the stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $360.18, for a total value of $360,180.00. Following the completion of the transaction, the director now directly owns 4,040 shares in the company, valued at $1,455,127.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Donald G. Macpherson sold 21,448 shares of the 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 completion of the transaction, the chairman now owns 39,118 shares of the company’s stock, valued at $13,393,612.02. The disclosure for this sale can be found here. Insiders sold 38,972 shares of company stock worth $13,741,862 over the last ninety days. 10.10% of the stock is currently owned by insiders.

About W W Grainger

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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Institutional Ownership by Quarter for W W Grainger (NYSE:GWW)

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