Rampart Investment Management Company LLC decreased its position in W W Grainger Inc (NYSE:GWW) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,243 shares of the industrial products company’s stock after selling 450 shares during the period. Rampart Investment Management Company LLC’s holdings in W W Grainger were worth $185,400,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in W W Grainger by 0.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 61,332 shares of the industrial products company’s stock worth $18,915,000 after purchasing an additional 535 shares in the last quarter. United Services Automobile Association boosted its stake in W W Grainger by 1.7% in the 2nd quarter. United Services Automobile Association now owns 35,922 shares of the industrial products company’s stock worth $11,078,000 after purchasing an additional 596 shares in the last quarter. Ronna Sue Cohen purchased a new position in W W Grainger in the 3rd quarter worth about $3,651,000. Piedmont Investment Advisors Inc. raised its position in W W Grainger by 548.1% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 3,746 shares of the industrial products company’s stock worth $1,339,000 after buying an additional 3,168 shares during the last quarter. Finally, Aperio Group LLC raised its position in W W Grainger by 7.4% in the 3rd quarter. Aperio Group LLC now owns 45,390 shares of the industrial products company’s stock worth $16,223,000 after buying an additional 3,141 shares during the last quarter. Institutional investors own 76.65% of the company’s stock.
A number of brokerages have weighed in on GWW. Oppenheimer boosted 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 began coverage on W W Grainger in a research report on Monday, December 10th. They issued a “neutral” rating and a $325.00 target price for the company. Gordon Haskett began coverage on W W Grainger in a research report on Friday, October 12th. They issued a “hold” rating for the company. UBS Group boosted their target price on W W Grainger from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Thursday, August 30th. Finally, Macquarie boosted their target price on W W Grainger from $314.00 to $358.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the company’s stock. W W Grainger presently has an average rating of “Hold” and a consensus price target of $309.53.
W W Grainger (NYSE:GWW) last released its quarterly earnings results on Tuesday, October 16th. The industrial products company reported $4.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.96 by $0.23. W W Grainger had a net margin of 6.51% and a return on equity of 45.22%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the firm earned $2.79 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Sell-side analysts forecast that W W Grainger Inc will post 16.3 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Stockholders of record on Monday, November 12th were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Thursday, November 8th. W W Grainger’s payout ratio is currently 47.47%.
W W Grainger Company 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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