W.W. Grainger, Inc. (GWW) Position Raised by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA increased its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 12.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,455 shares of the industrial products company’s stock after purchasing an additional 3,530 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.06% of W.W. Grainger worth $5,834,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Salem Investment Counselors Inc. lifted its stake in W.W. Grainger by 1.0% during the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 6 shares during the last quarter. Profund Advisors LLC lifted its stake in W.W. Grainger by 1.2% in the second quarter. Profund Advisors LLC now owns 1,394 shares of the industrial products company’s stock valued at $252,000 after buying an additional 17 shares during the last quarter. Nippon Life Insurance Co. lifted its stake in W.W. Grainger by 0.3% in the second quarter. Nippon Life Insurance Co. now owns 5,604 shares of the industrial products company’s stock valued at $1,012,000 after buying an additional 19 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in W.W. Grainger by 1.5% in the second quarter. Thrivent Financial For Lutherans now owns 2,050 shares of the industrial products company’s stock valued at $370,000 after buying an additional 30 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in W.W. Grainger by 1.7% in the second quarter. D.A. Davidson & CO. now owns 4,298 shares of the industrial products company’s stock valued at $775,000 after buying an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 85.98% of the company’s stock.

Shares of W.W. Grainger, Inc. (NYSE:GWW) opened at $197.82 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.28 and a quick ratio of 1.28. W.W. Grainger, Inc. has a 12-month low of $155.00 and a 12-month high of $262.71. The stock has a market capitalization of $11,310.00, a price-to-earnings ratio of 17.83, a PEG ratio of 1.89 and a beta of 0.77.

W.W. Grainger (NYSE:GWW) last released its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.56 by $0.34. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the business posted $3.06 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. sell-side analysts anticipate that W.W. Grainger, Inc. will post 10.69 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be given a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $5.12 annualized dividend and a yield of 2.59%. W.W. Grainger’s dividend payout ratio (DPR) is presently 60.74%.

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In other news, VP Paige K. Robbins sold 346 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $202.31, for a total value of $69,999.26. Following the transaction, the vice president now directly owns 8,400 shares in the company, valued at approximately $1,699,404. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Eric R. Tapia sold 190 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $208.26, for a total value of $39,569.40. Following the completion of the transaction, the vice president now owns 3,748 shares in the company, valued at $780,558.48. The disclosure for this sale can be found here. Corporate insiders own 9.60% of the company’s stock.

GWW has been the subject of a number of research reports. Zacks Investment Research cut W.W. Grainger from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Atlantic Securities raised W.W. Grainger from an “underweight” rating to a “neutral” rating in a report on Thursday, October 19th. Royal Bank Of Canada boosted their target price on W.W. Grainger from $146.00 to $148.00 and gave the company an “underperform” rating in a report on Tuesday, November 7th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $245.00 target price on shares of W.W. Grainger in a report on Monday, November 13th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $178.00 target price (up previously from $165.00) on shares of W.W. Grainger in a report on Monday, October 9th. Seven research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. W.W. Grainger currently has an average rating of “Hold” and a consensus target price of $191.23.

W.W. Grainger 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.

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

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