Russell Investments Group Ltd. Has $40.16 Million Stock Position in W.W. Grainger, Inc. (NYSE:GWW)

Russell Investments Group Ltd. raised its stake in W.W. Grainger, Inc. (NYSE:GWWGet Rating) by 14.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,249 shares of the industrial products company’s stock after purchasing an additional 10,281 shares during the quarter. Russell Investments Group Ltd. owned 0.16% of W.W. Grainger worth $40,159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of GWW. Ronald Blue Trust Inc. purchased a new stake in shares of W.W. Grainger in the second quarter worth approximately $27,000. Venture Visionary Partners LLC purchased a new stake in shares of W.W. Grainger in the second quarter worth approximately $28,000. Fairfield Bush & CO. purchased a new stake in shares of W.W. Grainger in the first quarter worth approximately $30,000. Artemis Wealth Advisors LLC purchased a new stake in shares of W.W. Grainger in the second quarter worth approximately $33,000. Finally, Clear Street Markets LLC grew its holdings in shares of W.W. Grainger by 383.3% in the second quarter. Clear Street Markets LLC now owns 87 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 69 shares in the last quarter. 71.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at W.W. Grainger

In other news, CEO Donald G. Macpherson sold 14,380 shares of the firm’s stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $599.53, for a total value of $8,621,241.40. Following the completion of the transaction, the chief executive officer now directly owns 69,119 shares of the company’s stock, valued at $41,438,914.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 10.00% of the company’s stock.

W.W. Grainger Price Performance

Shares of NYSE GWW opened at $570.83 on Wednesday. The stock has a fifty day simple moving average of $575.78 and a two-hundred day simple moving average of $550.60. W.W. Grainger, Inc. has a 1-year low of $440.48 and a 1-year high of $612.06. The firm has a market cap of $28.84 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23. The company has a current ratio of 2.63, a quick ratio of 1.46 and a debt-to-equity ratio of 0.90.

W.W. Grainger (NYSE:GWWGet Rating) last announced its quarterly earnings data on Friday, October 28th. The industrial products company reported $8.27 earnings per share for the quarter, beating the consensus estimate of $7.19 by $1.08. W.W. Grainger had a return on equity of 60.31% and a net margin of 9.75%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.88 billion. Analysts anticipate that W.W. Grainger, Inc. will post 29.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley upped their target price on W.W. Grainger from $485.00 to $490.00 and gave the company an “underweight” rating in a report on Friday, January 6th. StockNews.com assumed coverage on W.W. Grainger in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Robert W. Baird upped their target price on W.W. Grainger from $640.00 to $650.00 and gave the company an “outperform” rating in a report on Tuesday. Atlantic Securities lowered W.W. Grainger from an “overweight” rating to a “neutral” rating and set a $630.00 target price for the company. in a report on Tuesday, November 15th. Finally, UBS Group upped their target price on W.W. Grainger from $635.00 to $695.00 and gave the company a “buy” rating in a report on Tuesday, November 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $592.43.

W.W. Grainger Profile

(Get Rating)

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. It offers safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.

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

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