W W Grainger Inc (NYSE:GWW) Shares Sold by Ridgewood Investments LLC

Ridgewood Investments LLC cut its stake in shares of W W Grainger Inc (NYSE:GWW) by 2.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,325 shares of the industrial products company’s stock after selling 55 shares during the period. Ridgewood Investments LLC’s holdings in W W Grainger were worth $691,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. We Are One Seven LLC raised its position in shares of W W Grainger by 5.2% in the 3rd quarter. We Are One Seven LLC now owns 815 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 40 shares in the last quarter. Albert D Mason Inc. raised its position in shares of W W Grainger by 0.8% in the 3rd quarter. Albert D Mason Inc. now owns 4,934 shares of the industrial products company’s stock valued at $1,466,000 after purchasing an additional 40 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of W W Grainger by 0.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,038 shares of the industrial products company’s stock valued at $3,497,000 after purchasing an additional 45 shares in the last quarter. Parallel Advisors LLC raised its position in shares of W W Grainger by 34.1% in the 2nd quarter. Parallel Advisors LLC now owns 181 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 46 shares in the last quarter. Finally, Arrow Financial Corp raised its position in shares of W W Grainger by 41.7% in the 2nd quarter. Arrow Financial Corp now owns 170 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 50 shares in the last quarter. 72.85% of the stock is currently owned by institutional investors.

Shares of NYSE GWW traded up $1.43 during trading on Thursday, reaching $313.87. The stock had a trading volume of 228,664 shares, compared to its average volume of 393,374. The stock has a market cap of $17.42 billion, a PE ratio of 18.79, a P/E/G ratio of 1.64 and a beta of 0.95. The firm’s 50 day moving average price is $293.86 and its two-hundred day moving average price is $281.04. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.32 and a current ratio of 2.38. W W Grainger Inc has a one year low of $255.09 and a one year high of $321.07.

W W Grainger (NYSE:GWW) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.40 by ($0.14). W W Grainger had a return on equity of 46.27% and a net margin of 7.32%. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the company posted $4.19 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, research analysts expect that W W Grainger Inc will post 17.59 earnings per share for the current year.

A number of brokerages have recently weighed in on GWW. Stephens boosted their price target on W W Grainger from $292.00 to $305.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Morgan Stanley boosted their price target on W W Grainger from $258.00 to $276.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Gabelli reiterated a “hold” rating on shares of W W Grainger in a report on Friday, July 26th. Zacks Investment Research upgraded W W Grainger from a “sell” rating to a “hold” rating and set a $315.00 price target for the company in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. boosted their price target on W W Grainger from $297.00 to $301.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $291.78.

In other news, VP John L. Howard sold 11,716 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $305.68, for a total value of $3,581,346.88. Following the completion of the transaction, the vice president now owns 54,933 shares of the company’s stock, valued at $16,791,919.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 8.50% of the company’s stock.

W W Grainger Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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

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