Hedeker Wealth LLC held its stake in W.W. Grainger Inc. (NYSE:GWW) during the second quarter, Holdings Channel reports. The institutional investor owned 1,900 shares of the company’s stock at the end of the second quarter. Hedeker Wealth LLC’s holdings in W.W. Grainger were worth $431,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Euclid Advisors LLC bought a new stake in shares of W.W. Grainger during the first quarter valued at about $10,234,000. Bank of Montreal Can bought a new stake in shares of W.W. Grainger during the second quarter valued at about $8,754,000. PGGM Investments increased its stake in shares of W.W. Grainger by 17.7% in the second quarter. PGGM Investments now owns 130,237 shares of the company’s stock valued at $29,596,000 after buying an additional 19,572 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of W.W. Grainger by 3.9% in the first quarter. Geode Capital Management LLC now owns 484,813 shares of the company’s stock valued at $112,953,000 after buying an additional 18,206 shares in the last quarter. Finally, Oakbrook Investments LLC increased its stake in shares of W.W. Grainger by 20.2% in the second quarter. Oakbrook Investments LLC now owns 102,895 shares of the company’s stock valued at $23,383,000 after buying an additional 17,260 shares in the last quarter. Institutional investors own 82.56% of the company’s stock.
Shares of W.W. Grainger Inc. (NYSE:GWW) traded up 0.17% during mid-day trading on Monday, reaching $214.58. 693,903 shares of the company’s stock traded hands. W.W. Grainger Inc. has a 12-month low of $176.85 and a 12-month high of $239.95. The firm has a 50-day moving average of $223.48 and a 200 day moving average of $226.08. The company has a market cap of $12.97 billion, a P/E ratio of 19.52 and a beta of 0.81.
W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Tuesday, July 19th. The company reported $2.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by $0.28. W.W. Grainger had a return on equity of 31.26% and a net margin of 6.91%. The business had revenue of $2.60 million for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the company posted $3.27 EPS. Equities analysts forecast that W.W. Grainger Inc. will post $11.54 EPS for the current year.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. BMO Capital Markets lowered their price objective on shares of W.W. Grainger from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Macquarie assumed coverage on shares of W.W. Grainger in a research report on Thursday, August 25th. They set an “outperform” rating and a $274.00 price objective for the company. Royal Bank Of Canada lowered their price objective on shares of W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating for the company in a research report on Wednesday, July 20th. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of W.W. Grainger in a research report on Sunday, September 4th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $228.75.
In other W.W. Grainger news, VP Joseph C. High sold 1,722 shares of the company’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $220.00, for a total transaction of $378,840.00. Following the transaction, the vice president now owns 7,531 shares in the company, valued at $1,656,820. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 9.60% of the company’s stock.
About W.W. Grainger
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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