Chesley Taft & Associates LLC Sells 133 Shares of W W Grainger Inc (NYSE:GWW)

Chesley Taft & Associates LLC decreased its stake in shares of W W Grainger Inc (NYSE:GWW) by 3.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,534 shares of the industrial products company’s stock after selling 133 shares during the period. Chesley Taft & Associates LLC’s holdings in W W Grainger were worth $1,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GWW. Norges Bank purchased a new position in W W Grainger during the 4th quarter valued at about $170,232,000. APG Asset Management N.V. lifted its stake in W W Grainger by 4,040.0% during the 1st quarter. APG Asset Management N.V. now owns 505,868 shares of the industrial products company’s stock valued at $135,575,000 after acquiring an additional 493,649 shares during the period. Eagle Asset Management Inc. lifted its stake in W W Grainger by 139.3% during the 1st quarter. Eagle Asset Management Inc. now owns 445,006 shares of the industrial products company’s stock valued at $127,320,000 after acquiring an additional 259,078 shares during the period. First Trust Advisors LP lifted its stake in W W Grainger by 857.4% during the 1st quarter. First Trust Advisors LP now owns 188,827 shares of the industrial products company’s stock valued at $46,924,000 after acquiring an additional 169,104 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of W W Grainger by 35.6% in the 4th quarter. Bank of New York Mellon Corp now owns 641,031 shares of the industrial products company’s stock valued at $217,003,000 after purchasing an additional 168,331 shares during the period. 70.46% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Paige K. Robbins sold 3,840 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $312.66, for a total transaction of $1,200,614.40. Following the completion of the sale, the vice president now owns 15,033 shares of the company’s stock, valued at $4,700,217.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 13.97% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on GWW shares. JPMorgan Chase & Co. boosted their target price on shares of W W Grainger from $270.00 to $291.00 and gave the company a “neutral” rating in a research note on Tuesday, June 23rd. Oppenheimer decreased their target price on shares of W W Grainger from $335.00 to $325.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Morgan Stanley boosted their target price on shares of W W Grainger from $298.00 to $324.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. Wells Fargo & Co boosted their target price on shares of W W Grainger from $250.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, July 2nd. Finally, Longbow Research upgraded shares of W W Grainger from a “neutral” rating to a “buy” rating and set a $380.00 target price for the company in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. W W Grainger has a consensus rating of “Hold” and a consensus target price of $307.58.

NYSE:GWW opened at $308.77 on Thursday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.20 and a current ratio of 3.28. The company has a fifty day moving average of $307.44 and a two-hundred day moving average of $296.60. The stock has a market capitalization of $17.16 billion, a PE ratio of 22.07, a P/E/G ratio of 2.25 and a beta of 0.99. W W Grainger Inc has a fifty-two week low of $200.61 and a fifty-two week high of $346.60.

W W Grainger (NYSE:GWW) last released its earnings results on Thursday, April 23rd. The industrial products company reported $4.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.42 by ($0.18). W W Grainger had a return on equity of 45.00% and a net margin of 6.56%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the company earned $4.51 EPS. W W Grainger’s quarterly revenue was up 7.2% compared to the same quarter last year. Research analysts forecast that W W Grainger Inc will post 14.82 earnings per share for the current year.

W W Grainger Company 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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