Stevens Capital Management LP Acquires Shares of 54,533 W W Grainger Inc (GWW)

Stevens Capital Management LP acquired a new stake in W W Grainger Inc (NYSE:GWW) during the first quarter, according to its most recent filing with the SEC. The firm acquired 54,533 shares of the industrial products company’s stock, valued at approximately $12,693,000. Stevens Capital Management LP owned approximately 0.09% of W W Grainger as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Tandem Investment Advisors Inc. boosted its stake in W W Grainger by 13.3% in the first quarter. Tandem Investment Advisors Inc. now owns 14,855 shares of the industrial products company’s stock valued at $3,458,000 after buying an additional 1,747 shares during the last quarter. United Bank purchased a new stake in W W Grainger during the first quarter valued at about $401,000. State of Wisconsin Investment Board boosted its stake in W W Grainger by 155.8% in the first quarter. State of Wisconsin Investment Board now owns 77,502 shares of the industrial products company’s stock valued at $18,039,000 after buying an additional 47,208 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in W W Grainger by 5.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 26,386 shares of the industrial products company’s stock valued at $6,142,000 after buying an additional 1,268 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its stake in W W Grainger by 11.2% in the first quarter. CIBC World Markets Inc. now owns 12,223 shares of the industrial products company’s stock valued at $2,845,000 after buying an additional 1,231 shares during the last quarter. Hedge funds and other institutional investors own 80.18% of the company’s stock.

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

Shares of W W Grainger Inc (NYSE:GWW) traded down 0.53% on Thursday, reaching $176.37. 923,318 shares of the company’s stock traded hands. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 18.01 and a beta of 0.82. The stock’s 50-day moving average price is $196.24 and its 200-day moving average price is $228.80. W W Grainger Inc has a 52 week low of $170.21 and a 52 week high of $262.71.

W W Grainger (NYSE:GWW) last posted its quarterly earnings data on Tuesday, April 18th. The industrial products company reported $2.88 EPS for the quarter, missing the Zacks’ consensus estimate of $2.99 by $0.11. W W Grainger had a net margin of 5.98% and a return on equity of 32.79%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the company earned $3.18 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. Equities analysts predict that W W Grainger Inc will post $10.40 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 8th will be paid a dividend of $1.28 per share. The ex-dividend date of this dividend is Thursday, May 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 2.90%. This is an increase from W W Grainger’s previous quarterly dividend of $1.22. W W Grainger’s dividend payout ratio is currently 49.64%.

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Several research firms recently issued reports on GWW. BMO Capital Markets restated a “hold” rating and set a $198.00 price objective on shares of W W Grainger in a research report on Thursday. Deutsche Bank AG cut shares of W W Grainger from a “hold” rating to a “sell” rating and cut their price objective for the stock from $246.00 to $145.00 in a research report on Thursday, May 18th. Royal Bank of Canada cut their price objective on shares of W W Grainger from $166.00 to $156.00 and set an “underperform” rating for the company in a research report on Monday, May 15th. TheStreet cut shares of W W Grainger from a “b-” rating to a “c+” rating in a research report on Thursday, May 11th. Finally, William Blair cut shares of W W Grainger from an “outperform” rating to a “market perform” rating in a research report on Monday, April 24th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. W W Grainger has an average rating of “Hold” and an average target price of $208.44.

In related news, VP Ronald L. Jadin sold 31,186 shares of the stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $249.06, for a total transaction of $7,767,185.16. Following the completion of the sale, the vice president now owns 51,645 shares of the company’s stock, valued at approximately $12,862,703.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Laura D. Brown sold 695 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $249.07, for a total transaction of $173,103.65. Following the sale, the vice president now directly owns 11,235 shares of the company’s stock, valued at approximately $2,798,301.45. The disclosure for this sale can be found here. Corporate insiders own 9.60% of the company’s stock.

W W Grainger Company Profile

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

12 Month Chart for NYSE:GWW

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