644 Shares in W W Grainger Inc (GWW) Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC bought a new position in shares of W W Grainger Inc (NYSE:GWW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 644 shares of the industrial products company’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clean Yield Group purchased a new stake in shares of W W Grainger during the 4th quarter valued at about $31,000. Financial Gravity Companies Inc. acquired a new stake in W W Grainger during the 4th quarter valued at approximately $52,000. Bessemer Group Inc. grew its stake in W W Grainger by 102.2% during the 4th quarter. Bessemer Group Inc. now owns 186 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 94 shares in the last quarter. Captrust Financial Advisors grew its stake in W W Grainger by 284.0% during the 4th quarter. Captrust Financial Advisors now owns 192 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 142 shares in the last quarter. Finally, We Are One Seven LLC acquired a new stake in W W Grainger during the 4th quarter valued at approximately $112,000. Hedge funds and other institutional investors own 78.21% of the company’s stock.

GWW has been the subject of a number of recent analyst reports. Macquarie upgraded W W Grainger from a “neutral” rating to an “outperform” rating and set a $281.21 price objective for the company in a research note on Tuesday, January 15th. Peel Hunt upgraded W W Grainger from an “add” rating to a “buy” rating in a research note on Thursday, April 4th. Royal Bank of Canada raised their price objective on W W Grainger to $240.00 and gave the company an “underperform” rating in a research note on Friday, January 25th. They noted that the move was a valuation call. Jefferies Financial Group initiated coverage on W W Grainger in a research note on Monday, January 7th. They set a “hold” rating and a $300.00 price objective for the company. Finally, Wolfe Research lowered W W Grainger from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 8th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $311.66.

In related news, Chairman Donald G. Macpherson sold 2,317 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $310.03, for a total value of $718,339.51. Following the sale, the chairman now owns 45,848 shares of the company’s stock, valued at approximately $14,214,255.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John L. Howard sold 1,211 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $310.09, for a total value of $375,518.99. Following the completion of the sale, the vice president now directly owns 44,934 shares in the company, valued at approximately $13,933,584.06. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by company insiders.

Shares of GWW traded down $0.14 during mid-day trading on Friday, hitting $308.18. The stock had a trading volume of 520,743 shares, compared to its average volume of 404,698. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.42 and a beta of 1.01. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 1.00. W W Grainger Inc has a fifty-two week low of $265.00 and a fifty-two week high of $372.06.

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 company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.81 billion. W W Grainger had a return on equity of 46.52% and a net margin of 6.95%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.94 EPS. On average, sell-side analysts predict that W W Grainger Inc will post 17.99 earnings per share for the current fiscal year.

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W W Grainger Company Profile

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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