W.W. Grainger, Inc. (NYSE:GWW) is Fruth Investment Management’s 2nd Largest Position


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Fruth Investment Management decreased its position in W.W. Grainger, Inc. (NYSE:GWW) by 1.7% during the 4th quarter, Holdings Channel reports. The fund owned 20,552 shares of the industrial products company’s stock after selling 350 shares during the quarter. W.W. Grainger makes up 2.9% of Fruth Investment Management’s portfolio, making the stock its 2nd biggest holding. Fruth Investment Management’s holdings in W.W. Grainger were worth $8,392,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GWW. BlackRock Inc. raised its holdings in W.W. Grainger by 6.1% in the third quarter. BlackRock Inc. now owns 3,938,293 shares of the industrial products company’s stock valued at $1,405,063,000 after acquiring an additional 227,199 shares in the last quarter. First Trust Advisors LP raised its stake in W.W. Grainger by 123.1% in the 3rd quarter. First Trust Advisors LP now owns 371,221 shares of the industrial products company’s stock valued at $132,441,000 after purchasing an additional 204,866 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of W.W. Grainger by 116.9% during the 3rd quarter. AQR Capital Management LLC now owns 155,451 shares of the industrial products company’s stock valued at $55,460,000 after acquiring an additional 83,783 shares during the last quarter. State of Tennessee Treasury Department increased its stake in shares of W.W. Grainger by 879.4% during the 3rd quarter. State of Tennessee Treasury Department now owns 87,216 shares of the industrial products company’s stock valued at $31,116,000 after acquiring an additional 78,311 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of W.W. Grainger by 127.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 128,160 shares of the industrial products company’s stock valued at $45,724,000 after acquiring an additional 71,715 shares during the last quarter. 68.98% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on GWW shares. Raymond James upped their price objective on shares of W.W. Grainger from $390.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, October 23rd. Wells Fargo & Company downgraded shares of W.W. Grainger from an “equal weight” rating to an “underweight” rating and set a $350.00 price objective for the company. in a research note on Monday, December 14th. William Blair lowered shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Friday, November 20th. Robert W. Baird lifted their target price on shares of W.W. Grainger from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, December 2nd. They noted that the move was a valuation call. Finally, UBS Group increased their price target on W.W. Grainger from $425.00 to $465.00 and gave the company a “buy” rating in a report on Wednesday, November 18th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $368.43.

In related news, VP John L. Howard sold 18,903 shares of W.W. Grainger stock in a transaction on Thursday, December 10th. The shares were sold at an average price of $403.79, for a total value of $7,632,842.37. Following the completion of the sale, the vice president now owns 51,110 shares in the company, valued at $20,637,706.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.97% of the stock is currently owned by company insiders.

Shares of NYSE GWW traded down $11.97 during midday trading on Wednesday, reaching $389.69. 11,751 shares of the company’s stock were exchanged, compared to its average volume of 373,935. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.73 and a current ratio of 2.97. W.W. Grainger, Inc. has a 52-week low of $200.61 and a 52-week high of $427.90. The business’s fifty day moving average price is $407.10 and its two-hundred day moving average price is $369.11. The stock has a market capitalization of $20.91 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 2.50 and a beta of 1.16.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Thursday, October 22nd. The industrial products company reported $4.52 earnings per share for the quarter, beating analysts’ consensus estimates of $4.13 by $0.39. W.W. Grainger had a return on equity of 41.31% and a net margin of 5.37%. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the firm earned $4.26 EPS. W.W. Grainger’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts predict that W.W. Grainger, Inc. will post 16.3 earnings per share for the current fiscal year.

W.W. Grainger Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, 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.

See Also: Return on Equity (ROE)

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

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