Pennsylvania Trust Co Grows Position in W W Grainger Inc (NYSE:GWW)

Pennsylvania Trust Co raised its holdings in W W Grainger Inc (NYSE:GWW) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,250 shares of the industrial products company’s stock after acquiring an additional 88 shares during the period. Pennsylvania Trust Co’s holdings in W W Grainger were worth $371,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GWW. Kavar Capital Partners LLC bought a new stake in shares of W W Grainger in the 2nd quarter worth approximately $26,000. Arrow Financial Corp grew its position in shares of W W Grainger by 41.7% in the 2nd quarter. Arrow Financial Corp now owns 170 shares of the industrial products company’s stock worth $46,000 after buying an additional 50 shares during the last quarter. Parallel Advisors LLC grew its position in shares of W W Grainger by 34.1% in the 2nd quarter. Parallel Advisors LLC now owns 181 shares of the industrial products company’s stock worth $49,000 after buying an additional 46 shares during the last quarter. CSat Investment Advisory L.P. grew its position in shares of W W Grainger by 150.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 188 shares of the industrial products company’s stock worth $50,000 after buying an additional 113 shares during the last quarter. Finally, Pearl River Capital LLC bought a new stake in shares of W W Grainger in the 2nd quarter worth approximately $64,000. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on GWW shares. Stephens lifted their price objective on W W Grainger from $292.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Morgan Stanley raised their target price on W W Grainger from $258.00 to $276.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. raised their target price on W W Grainger from $297.00 to $301.00 and gave the company a “neutral” rating in a research note on Thursday. Atlantic Securities cut W W Grainger from a “neutral” rating to an “underweight” rating in a research note on Friday, June 21st. Finally, Gabelli restated a “hold” rating on shares of W W Grainger in a research note on Friday, July 26th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. W W Grainger presently has an average rating of “Hold” and an average price target of $298.44.

Shares of NYSE:GWW opened at $305.20 on Friday. The stock has a fifty day simple moving average of $284.23 and a two-hundred day simple moving average of $280.45. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.45 and a beta of 0.95. W W Grainger Inc has a 12-month low of $255.09 and a 12-month high of $321.07. The company has a current ratio of 2.38, a quick ratio of 1.32 and a debt-to-equity ratio of 0.98.

W W Grainger (NYSE:GWW) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.65 by ($0.01). The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.97 billion. W W Grainger had a net margin of 7.32% and a return on equity of 46.27%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.37 EPS. As a group, equities research analysts predict that W W Grainger Inc will post 17.58 EPS for the current year.

W W Grainger 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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