Gulf International Bank UK Ltd cut its stake in W W Grainger Inc (NYSE:GWW) by 27.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,594 shares of the industrial products company’s stock after selling 4,361 shares during the quarter. Gulf International Bank UK Ltd’s holdings in W W Grainger were worth $3,273,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. XR Securities LLC purchased a new position in W W Grainger in the fourth quarter valued at about $1,694,000. Palo Capital Inc. purchased a new position in W W Grainger in the third quarter valued at about $954,000. Marshall Wace North America L.P. raised its position in W W Grainger by 1,267.6% in the third quarter. Marshall Wace North America L.P. now owns 12,308 shares of the industrial products company’s stock valued at $4,399,000 after purchasing an additional 11,408 shares during the period. Belpointe Asset Management LLC purchased a new position in W W Grainger in the third quarter valued at about $775,000. Finally, Morgan Stanley raised its position in W W Grainger by 59.0% in the third quarter. Morgan Stanley now owns 518,061 shares of the industrial products company’s stock valued at $185,161,000 after purchasing an additional 192,292 shares during the period. 76.54% of the stock is currently owned by institutional investors.
NYSE:GWW opened at $284.50 on Friday. The stock has a market capitalization of $15.77 billion, a P/E ratio of 24.83, a PEG ratio of 1.31 and a beta of 1.12. W W Grainger Inc has a one year low of $223.25 and a one year high of $372.06. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 1.44.
W W Grainger (NYSE:GWW) last issued its earnings results on Tuesday, October 16th. The industrial products company reported $4.19 EPS for the quarter, beating the Zacks’ consensus estimate of $3.96 by $0.23. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the firm posted $2.79 earnings per share. W W Grainger’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that W W Grainger Inc will post 16.31 EPS for the current year.
A number of analysts have recently issued reports on the company. Zacks Investment Research lowered W W Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Oppenheimer lifted their target price on W W Grainger from $400.00 to $410.00 and gave the stock an “outperform” rating in a research report on Friday, September 21st. Buckingham Research assumed coverage on W W Grainger in a research report on Monday, December 10th. They set a “neutral” rating and a $325.00 target price on the stock. Gordon Haskett assumed coverage on W W Grainger in a research report on Friday, October 12th. They set a “hold” rating on the stock. Finally, Morgan Stanley assumed coverage on W W Grainger in a research report on Tuesday, December 18th. They set an “underweight” rating and a $265.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $305.88.
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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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