Hancock Whitney Corp decreased its holdings in shares of W W Grainger Inc (NYSE:GWW) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,870 shares of the industrial products company’s stock after selling 3,495 shares during the period. Hancock Whitney Corp’s holdings in W W Grainger were worth $6,176,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in GWW. Clean Yield Group purchased a new stake in shares of W W Grainger in the fourth quarter worth approximately $31,000. Financial Gravity Companies Inc. acquired a new position in W W Grainger in the fourth quarter worth approximately $52,000. Bessemer Group Inc. increased its holdings in W W Grainger by 102.2% in the fourth quarter. Bessemer Group Inc. now owns 186 shares of the industrial products company’s stock worth $53,000 after buying an additional 94 shares during the last quarter. Captrust Financial Advisors increased its holdings in W W Grainger by 284.0% in the fourth quarter. Captrust Financial Advisors now owns 192 shares of the industrial products company’s stock worth $54,000 after buying an additional 142 shares during the last quarter. Finally, Avestar Capital LLC increased its holdings in W W Grainger by 9.4% in the fourth quarter. Avestar Capital LLC now owns 442 shares of the industrial products company’s stock worth $104,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 78.22% of the company’s stock.
A number of equities analysts recently commented on GWW shares. Morgan Stanley started coverage on W W Grainger in a report on Tuesday, December 18th. They issued an “underweight” rating and a $265.00 price objective on the stock. Zacks Investment Research upgraded W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 price objective on the stock in a report on Tuesday, December 18th. Jefferies Financial Group initiated coverage on W W Grainger in a report on Monday, January 7th. They issued a “hold” rating and a $300.00 price objective on the stock. Wolfe Research downgraded W W Grainger from a “market perform” rating to an “underperform” rating in a report on Tuesday, January 8th. Finally, Macquarie upgraded W W Grainger from a “neutral” rating to an “outperform” rating and set a $281.21 price target on the stock in a report on Tuesday, January 15th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. W W Grainger presently has an average rating of “Hold” and a consensus target price of $312.30.
Shares of GWW traded down $0.07 during mid-day trading on Monday, hitting $304.79. The company’s stock had a trading volume of 290,077 shares, compared to its average volume of 465,818. W W Grainger Inc has a one year low of $265.00 and a one year high of $372.06. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 1.42 and a beta of 1.01.
W W Grainger (NYSE:GWW) last issued its earnings results on Thursday, January 24th. The industrial products company reported $3.96 EPS for the quarter, topping the consensus estimate of $3.60 by $0.36. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.81 billion. W W Grainger had a return on equity of 46.52% and a net margin of 6.95%. W W Grainger’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $2.94 earnings per share. Equities analysts predict that W W Grainger Inc will post 17.99 EPS for the current year.
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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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