1832 Asset Management L.P. Has $4.03 Million Position in W.W. Grainger, Inc. (NYSE:GWW)

1832 Asset Management L.P. grew its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,963 shares of the industrial products company’s stock after purchasing an additional 216 shares during the quarter. 1832 Asset Management L.P.’s holdings in W.W. Grainger were worth $4,032,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in GWW. Bfsg LLC bought a new stake in shares of W.W. Grainger in the first quarter valued at about $26,000. Valued Wealth Advisors LLC lifted its stake in shares of W.W. Grainger by 170.0% in the first quarter. Valued Wealth Advisors LLC now owns 27 shares of the industrial products company’s stock valued at $27,000 after buying an additional 17 shares during the period. Scarborough Advisors LLC bought a new stake in shares of W.W. Grainger in the fourth quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of W.W. Grainger in the fourth quarter valued at about $30,000. Finally, Newbridge Financial Services Group Inc. lifted its stake in shares of W.W. Grainger by 275.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 45 shares of the industrial products company’s stock valued at $37,000 after buying an additional 33 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Price Performance

Shares of W.W. Grainger stock traded up $16.19 during midday trading on Friday, reaching $970.34. The company had a trading volume of 213,314 shares, compared to its average volume of 251,067. The company has a current ratio of 2.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $47.61 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 1.87 and a beta of 1.17. The stock has a fifty day simple moving average of $924.62 and a 200 day simple moving average of $941.02. W.W. Grainger, Inc. has a 1-year low of $674.41 and a 1-year high of $1,034.18.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share for the quarter, beating analysts’ consensus estimates of $9.57 by $0.05. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. W.W. Grainger had a net margin of 10.94% and a return on equity of 54.31%. W.W. Grainger’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $9.61 earnings per share. As a group, equities research analysts forecast that W.W. Grainger, Inc. will post 39.19 earnings per share for the current year.

Insider Activity at W.W. Grainger

In related news, SVP Matt Fortin sold 511 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $915.20, for a total value of $467,667.20. Following the completion of the sale, the senior vice president now owns 1,848 shares of the company’s stock, valued at $1,691,289.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Baird R W cut shares of W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Erste Group Bank restated a “hold” rating on shares of W.W. Grainger in a research note on Friday, June 14th. Robert W. Baird cut shares of W.W. Grainger from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $1,000.00 to $975.00 in a research note on Wednesday, May 29th. Finally, Stephens upgraded shares of W.W. Grainger from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $1,000.00 to $1,250.00 in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, W.W. Grainger presently has an average rating of “Hold” and a consensus target price of $959.44.

W.W. Grainger Company Profile

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.