Gofen & Glossberg LLC IL Sells 550 Shares of W W Grainger Inc (NYSE:GWW)

Gofen & Glossberg LLC IL trimmed its position in W W Grainger Inc (NYSE:GWW) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,482 shares of the industrial products company’s stock after selling 550 shares during the period. Gofen & Glossberg LLC IL’s holdings in W W Grainger were worth $5,789,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Nisa Investment Advisors LLC lifted its holdings in shares of W W Grainger by 0.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,038 shares of the industrial products company’s stock worth $3,497,000 after acquiring an additional 45 shares during the last quarter. We Are One Seven LLC lifted its holdings in shares of W W Grainger by 6.3% during the 2nd quarter. We Are One Seven LLC now owns 775 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 46 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of W W Grainger by 34.1% during the 2nd quarter. Parallel Advisors LLC now owns 181 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 46 shares during the last quarter. Arrow Financial Corp lifted its holdings in shares of W W Grainger by 41.7% during the 2nd quarter. Arrow Financial Corp now owns 170 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 50 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of W W Grainger by 3.0% during the 2nd quarter. Raymond James Trust N.A. now owns 1,895 shares of the industrial products company’s stock worth $508,000 after acquiring an additional 56 shares during the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. Buckingham Research lifted their price objective on shares of W W Grainger from $295.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday. Morgan Stanley lifted their price objective on shares of W W Grainger from $258.00 to $276.00 and gave the stock an “underweight” rating in a report on Monday, July 29th. Stephens lifted their price objective on shares of W W Grainger from $292.00 to $305.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Zacks Investment Research upgraded shares of W W Grainger from a “sell” rating to a “hold” rating and set a $315.00 target price on the stock in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of W W Grainger from $297.00 to $301.00 and gave the stock a “neutral” rating in a research report on Thursday. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. W W Grainger presently has an average rating of “Hold” and a consensus target price of $298.44.

Shares of NYSE:GWW opened at $305.51 on Friday. The stock has a market cap of $15.40 billion, a PE ratio of 18.29, a PEG ratio of 1.44 and a beta of 0.95. The company’s fifty day moving average is $283.56 and its 200 day moving average is $280.37. W W Grainger Inc has a 52 week low of $255.09 and a 52 week high of $321.91. The company has a quick ratio of 1.32, a current ratio of 2.38 and a debt-to-equity ratio of 0.98.

W W Grainger (NYSE:GWW) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $4.64 EPS for the quarter, missing analysts’ consensus estimates of $4.65 by ($0.01). The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.97 billion. W W Grainger had a return on equity of 46.27% and a net margin of 7.32%. W W Grainger’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.37 EPS. Sell-side analysts anticipate that W W Grainger Inc will post 17.62 EPS for the current year.

About W W Grainger

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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