Pennsylvania Trust Co trimmed its position in W W Grainger Inc (NYSE:GWW) by 19.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 635 shares of the industrial products company’s stock after selling 150 shares during the period. Pennsylvania Trust Co’s holdings in W W Grainger were worth $227,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in W W Grainger by 0.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 61,332 shares of the industrial products company’s stock valued at $18,915,000 after purchasing an additional 535 shares during the last quarter. Sun Life Financial INC boosted its stake in W W Grainger by 60.4% during the 2nd quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 154 shares during the last quarter. Neuburgh Advisers LLC boosted its stake in W W Grainger by 207.5% during the 2nd quarter. Neuburgh Advisers LLC now owns 7,238 shares of the industrial products company’s stock valued at $2,232,000 after purchasing an additional 4,884 shares during the last quarter. LMR Partners LLP acquired a new position in W W Grainger during the 2nd quarter valued at about $370,000. Finally, Zacks Investment Management acquired a new position in W W Grainger during the 2nd quarter valued at about $1,771,000. 79.15% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman Donald G. Macpherson sold 21,448 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $342.39, for a total value of $7,343,580.72. Following the transaction, the chairman now owns 39,118 shares in the company, valued at approximately $13,393,612.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Eric R. Tapia sold 1,534 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $338.19, for a total value of $518,783.46. Following the completion of the transaction, the vice president now owns 2,278 shares in the company, valued at approximately $770,396.82. The disclosure for this sale can be found here. Insiders sold a total of 38,972 shares of company stock worth $13,741,862 in the last 90 days. Company insiders own 10.10% of the company’s stock.

Shares of NYSE GWW opened at $311.54 on Friday. W W Grainger Inc has a twelve month low of $177.71 and a twelve month high of $372.06. The company has a market capitalization of $20.06 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 1.79 and a beta of 0.82. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 1.08.

W W Grainger (NYSE:GWW) last announced its earnings results on Wednesday, July 18th. The industrial products company reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.59. W W Grainger had a return on equity of 42.66% and a net margin of 7.16%. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the business earned $1.67 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. On average, analysts forecast that W W Grainger Inc will post 16.05 EPS for the current fiscal year.

GWW has been the subject of a number of analyst reports. Zacks Investment Research downgraded W W Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Cfra set a $350.00 price target on W W Grainger and gave the company a “hold” rating in a research note on Wednesday, July 18th. Wells Fargo & Co reiterated a “hold” rating on shares of W W Grainger in a research note on Wednesday, July 18th. Gabelli downgraded W W Grainger from a “buy” rating to a “hold” rating and set a $386.00 price target for the company. in a research note on Monday, July 16th. Finally, UBS Group lifted their price target on W W Grainger from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Thursday, August 30th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $303.20.

About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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

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