Prudential Financial Inc. Has $17.38 Million Position in W.W. Grainger, Inc. (GWW)

Prudential Financial Inc. boosted its position in W.W. Grainger, Inc. (NYSE:GWW) by 17.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 96,684 shares of the industrial products company’s stock after purchasing an additional 14,570 shares during the quarter. Prudential Financial Inc. owned about 0.17% of W.W. Grainger worth $17,379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in GWW. Longview Partners Guernsey LTD raised its stake in W.W. Grainger by 33.2% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,001,477 shares of the industrial products company’s stock valued at $899,015,000 after purchasing an additional 1,245,771 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in W.W. Grainger by 1,082.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 904,298 shares of the industrial products company’s stock valued at $163,253,000 after purchasing an additional 827,796 shares during the last quarter. Koch Industries Inc. raised its stake in W.W. Grainger by 27,293.0% in the 2nd quarter. Koch Industries Inc. now owns 471,433 shares of the industrial products company’s stock valued at $469,000 after purchasing an additional 469,712 shares during the last quarter. APG Asset Management N.V. raised its stake in W.W. Grainger by 655.0% in the 2nd quarter. APG Asset Management N.V. now owns 462,647 shares of the industrial products company’s stock valued at $83,522,000 after purchasing an additional 401,371 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in W.W. Grainger by 936.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 377,536 shares of the industrial products company’s stock valued at $68,157,000 after purchasing an additional 341,122 shares during the last quarter. 85.98% of the stock is owned by hedge funds and other institutional investors.

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Several analysts have commented on GWW shares. Royal Bank Of Canada restated a “sell” rating and issued a $145.00 price target on shares of W.W. Grainger in a report on Wednesday, September 6th. Zacks Investment Research cut W.W. Grainger from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. BMO Capital Markets restated a “market perform” rating and issued a $178.00 price target (up previously from $165.00) on shares of W.W. Grainger in a report on Monday, October 9th. Morgan Stanley set a $185.00 price target on W.W. Grainger and gave the company a “sell” rating in a report on Wednesday, October 18th. Finally, Atlantic Securities upgraded W.W. Grainger from an “underweight” rating to a “neutral” rating in a report on Thursday, October 19th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $191.23.

Shares of W.W. Grainger, Inc. (NYSE GWW) opened at $197.82 on Friday. The company has a current ratio of 2.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.19. W.W. Grainger, Inc. has a fifty-two week low of $155.00 and a fifty-two week high of $262.71. The stock has a market capitalization of $11,272.38, a PE ratio of 18.03, a PEG ratio of 1.91 and a beta of 0.78.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the business earned $3.06 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. research analysts expect that W.W. Grainger, Inc. will post 10.71 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Friday, November 10th. W.W. Grainger’s dividend payout ratio is presently 60.95%.

In other W.W. Grainger news, VP Eric R. Tapia sold 190 shares of the company’s stock in a transaction that occurred on 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 approximately $780,558.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Paige K. Robbins sold 346 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $202.31, for a total value of $69,999.26. Following the completion of the transaction, the vice president now owns 8,400 shares of the company’s stock, valued at approximately $1,699,404. The disclosure for this sale can be found here. 9.60% of the stock is owned by corporate insiders.

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.

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

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