Forsta AP Fonden Acquires 600 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Forsta AP Fonden raised its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,500 shares of the industrial products company’s stock after acquiring an additional 600 shares during the period. Forsta AP Fonden’s holdings in W.W. Grainger were worth $7,272,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GWW. Herold Advisors Inc. bought a new stake in shares of W.W. Grainger during the 3rd quarter valued at $39,000. Advisory Services Network LLC bought a new stake in shares of W.W. Grainger during the 2nd quarter valued at $65,000. Dark Forest Capital Management LP bought a new stake in shares of W.W. Grainger during the 2nd quarter valued at $71,000. Liberty Wealth Management LLC raised its position in shares of W.W. Grainger by 43,930.6% during the 2nd quarter. Liberty Wealth Management LLC now owns 31,702 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 31,630 shares during the last quarter. Finally, Berman Capital Advisors LLC raised its position in shares of W.W. Grainger by 57.4% during the 2nd quarter. Berman Capital Advisors LLC now owns 181 shares of the industrial products company’s stock valued at $79,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 68.23% of the company’s stock.

Several brokerages have commented on GWW. Oppenheimer upped their target price on shares of W.W. Grainger from $500.00 to $535.00 and gave the company an “outperform” rating in a research report on Monday, November 1st. Royal Bank of Canada boosted their price target on shares of W.W. Grainger from $378.00 to $391.00 and gave the company an “underperform” rating in a report on Monday, November 1st. Zacks Investment Research raised shares of W.W. Grainger from a “hold” rating to a “buy” rating and set a $539.00 price target for the company in a report on Monday, December 13th. Robert W. Baird boosted their price target on shares of W.W. Grainger from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Monday, November 1st. Finally, Morgan Stanley boosted their price target on shares of W.W. Grainger from $510.00 to $536.00 and gave the company an “equal weight” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $481.58.

W.W. Grainger stock opened at $504.56 on Friday. The firm has a 50-day moving average of $499.62 and a 200-day moving average of $456.94. W.W. Grainger, Inc. has a one year low of $356.23 and a one year high of $527.06. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.58 and a quick ratio of 1.43. The company has a market cap of $25.99 billion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 1.66 and a beta of 1.25.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Friday, October 29th. The industrial products company reported $5.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.31 by $0.34. The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.32 billion. W.W. Grainger had a net margin of 7.35% and a return on equity of 45.31%. W.W. Grainger’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.52 EPS. As a group, sell-side analysts expect that W.W. Grainger, Inc. will post 19.6 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 1st. Stockholders of record on Monday, November 8th were issued a $1.62 dividend. The ex-dividend date was Friday, November 5th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.28%. W.W. Grainger’s payout ratio is 36.99%.

In other W.W. Grainger news, VP John L. Howard sold 9,728 shares of the stock in a transaction dated Monday, December 6th. The shares were sold at an average price of $496.68, for a total value of $4,831,703.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Paige K. Robbins sold 565 shares of the stock in a transaction dated Friday, October 29th. The shares were sold at an average price of $450.00, for a total transaction of $254,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,034 shares of company stock worth $12,765,357. 10.04% of the stock is owned by insiders.

W.W. Grainger Company Profile

W.W. Grainger, Inc operates as a supplier of maintenance, repair and operating products (MRO), with operations also in Europe, Asia and Latin America. It operates through two segments: United States and Canada. The United States segment offers a selection of MRO products and services through its eCommerce platforms, catalogs, branches and sales and service representatives.

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

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