W W Grainger Inc (GWW) Shares Sold by New Mexico Educational Retirement Board

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New Mexico Educational Retirement Board lessened its stake in W W Grainger Inc (NYSE:GWW) by 2.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,800 shares of the industrial products company’s stock after selling 100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in W W Grainger were worth $1,144,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in GWW. Longview Partners Guernsey LTD boosted its holdings in shares of W W Grainger by 84.1% in the fourth quarter. Longview Partners Guernsey LTD now owns 3,155,394 shares of the industrial products company’s stock valued at $890,957,000 after buying an additional 1,441,615 shares during the period. Norges Bank acquired a new position in shares of W W Grainger in the fourth quarter valued at approximately $156,410,000. Morgan Stanley boosted its holdings in shares of W W Grainger by 59.0% in the third quarter. Morgan Stanley now owns 518,061 shares of the industrial products company’s stock valued at $185,161,000 after buying an additional 192,292 shares during the period. BlackRock Inc. boosted its holdings in shares of W W Grainger by 4.2% in the fourth quarter. BlackRock Inc. now owns 3,372,604 shares of the industrial products company’s stock valued at $952,290,000 after buying an additional 135,674 shares during the period. Finally, APG Asset Management N.V. boosted its holdings in shares of W W Grainger by 36.2% in the fourth quarter. APG Asset Management N.V. now owns 507,568 shares of the industrial products company’s stock valued at $125,370,000 after buying an additional 134,800 shares during the period. Institutional investors own 78.21% of the company’s stock.

A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of W W Grainger from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Gordon Haskett lowered shares of W W Grainger from a “hold” rating to an “underperform” rating and set a $308.99 price objective on the stock. in a research report on Friday, April 12th. Buckingham Research boosted their price objective on shares of W W Grainger from $309.00 to $316.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Wolfe Research lowered shares of W W Grainger from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 8th. Finally, Jefferies Financial Group assumed coverage on shares of W W Grainger in a research report on Monday, January 7th. They issued a “hold” rating and a $300.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $311.66.

In other news, VP John L. Howard sold 1,211 shares of the stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $310.09, for a total value of $375,518.99. Following the transaction, the vice president now directly owns 44,934 shares of the company’s stock, valued at $13,933,584.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Donald G. Macpherson sold 2,317 shares of the stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $310.03, for a total transaction of $718,339.51. Following the completion of the transaction, the chairman now directly owns 45,848 shares in the company, valued at $14,214,255.44. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company’s stock.

NYSE GWW opened at $308.18 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.34 and a current ratio of 2.37. W W Grainger Inc has a 1 year low of $265.00 and a 1 year high of $372.06. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.42 and a beta of 1.01.

W W Grainger (NYSE:GWW) last posted its quarterly earnings results on Thursday, January 24th. The industrial products company reported $3.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.60 by $0.36. W W Grainger had a net margin of 6.95% and a return on equity of 46.52%. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the prior year, the firm posted $2.94 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that W W Grainger Inc will post 17.99 EPS for the current year.

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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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