Trillium Asset Management LLC reduced its stake in W.W. Grainger Inc. (NYSE:GWW) by 5.2% during the second quarter, Holdings Channel reports. The institutional investor owned 2,877 shares of the company’s stock after selling 158 shares during the period. Trillium Asset Management LLC’s holdings in W.W. Grainger were worth $654,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. CIBC World Markets Inc. increased its stake in shares of W.W. Grainger by 19.7% in the first quarter. CIBC World Markets Inc. now owns 3,421 shares of the company’s stock valued at $799,000 after buying an additional 562 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of W.W. Grainger during the first quarter valued at about $686,000. Ngam Advisors L.P. increased its stake in shares of W.W. Grainger by 6.3% in the first quarter. Ngam Advisors L.P. now owns 20,475 shares of the company’s stock valued at $4,779,000 after buying an additional 1,218 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of W.W. Grainger by 24.3% in the first quarter. TIAA CREF Investment Management LLC now owns 162,889 shares of the company’s stock valued at $38,023,000 after buying an additional 31,878 shares in the last quarter. Finally, Teachers Advisors Inc. increased its stake in shares of W.W. Grainger by 4.3% in the first quarter. Teachers Advisors Inc. now owns 63,907 shares of the company’s stock valued at $14,918,000 after buying an additional 2,627 shares in the last quarter. 82.63% of the stock is owned by hedge funds and other institutional investors.
Shares of W.W. Grainger Inc. (NYSE:GWW) traded down 1.61% during mid-day trading on Friday, reaching $224.41. The company had a trading volume of 337,094 shares. W.W. Grainger Inc. has a 12-month low of $176.85 and a 12-month high of $239.95. The firm’s 50 day moving average is $225.45 and its 200-day moving average is $226.47. The stock has a market capitalization of $13.56 billion, a P/E ratio of 20.41 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 (EPS) for the quarter, missing the consensus estimate of $3.17 by $0.28. The business earned $2.60 million during the quarter, compared to the consensus estimate of $2.58 billion. W.W. Grainger had a net margin of 6.91% and a return on equity of 31.26%. During the same quarter in the prior year, the company earned $3.27 EPS. On average, analysts expect that W.W. Grainger Inc. will post $11.54 earnings per share for the current fiscal year.
GWW has been the subject of a number of recent research reports. Credit Suisse Group AG initiated coverage on W.W. Grainger in a research note on Friday, June 17th. They set a “neutral” rating and a $222.00 price target for the company. Zacks Investment Research downgraded W.W. Grainger from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Barclays PLC raised their price target on W.W. Grainger from $209.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Monday, July 18th. Royal Bank Of Canada cut their price target on W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating for the company in a research note on Wednesday, July 20th. Finally, BMO Capital Markets cut their price target on W.W. Grainger from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. 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. W.W. Grainger has an average rating of “Hold” and a consensus 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 that occurred on Tuesday, July 26th. The stock was sold at an average price of $220.00, for a total value of $378,840.00. Following the sale, 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 Securities & Exchange Commission, which is available through this link. 9.60% of the stock is owned by company insiders.
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.
Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.W. Grainger Inc. (NYSE:GWW).
Receive News & Ratings for W.W. Grainger Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.W. Grainger Inc. and related companies with MarketBeat.com's FREE daily email newsletter.