Point72 Asset Management L.P. Has $10.79 Million Holdings in W W Grainger Inc (GWW)

Point72 Asset Management L.P. trimmed its position in shares of W W Grainger Inc (NYSE:GWW) by 44.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,000 shares of the industrial products company’s stock after selling 27,861 shares during the quarter. Point72 Asset Management L.P. owned 0.06% of W W Grainger worth $10,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of GWW. FMR LLC boosted its holdings in W W Grainger by 94.6% during the 2nd quarter. FMR LLC now owns 1,386,729 shares of the industrial products company’s stock worth $427,667,000 after acquiring an additional 673,993 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in W W Grainger by 34,096.9% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 445,586 shares of the industrial products company’s stock worth $1,454,000 after acquiring an additional 444,283 shares during the last quarter. Bank of Montreal Can boosted its holdings in W W Grainger by 493.8% during the 2nd quarter. Bank of Montreal Can now owns 404,210 shares of the industrial products company’s stock worth $124,656,000 after acquiring an additional 336,133 shares during the last quarter. Millennium Management LLC boosted its holdings in W W Grainger by 4,050.2% during the 1st quarter. Millennium Management LLC now owns 283,503 shares of the industrial products company’s stock worth $80,024,000 after acquiring an additional 276,672 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in W W Grainger by 680.6% during the 2nd quarter. Voya Investment Management LLC now owns 239,514 shares of the industrial products company’s stock worth $73,866,000 after acquiring an additional 208,829 shares during the last quarter. 79.14% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Brian P. Anderson sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $360.18, for a total value of $360,180.00. Following the sale, the director now directly owns 4,040 shares in the company, valued at approximately $1,455,127.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John L. Howard sold 14,990 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $368.20, for a total value of $5,519,318.00. Following the completion of the sale, the vice president now owns 58,207 shares in the company, valued at $21,431,817.40. The disclosure for this sale can be found here. Insiders have sold a total of 38,972 shares of company stock worth $13,741,862 over the last quarter. Company insiders own 10.10% of the company’s stock.

A number of research firms have issued reports on GWW. Cfra set a $350.00 price objective on shares of W W Grainger and gave the stock a “hold” rating in a report on Wednesday, July 18th. Zacks Investment Research downgraded shares of W W Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. Robert W. Baird downgraded shares of W W Grainger from an “outperform” rating to a “neutral” rating and set a $240.00 price objective on the stock. in a report on Tuesday, July 3rd. BMO Capital Markets lifted their price objective on shares of W W Grainger from $267.00 to $330.00 and gave the stock a “market perform” rating in a report on Thursday, July 19th. They noted that the move was a valuation call. Finally, Gabelli downgraded shares of W W Grainger from a “buy” rating to a “hold” rating and set a $386.00 price objective on the stock. in a report on Monday, July 16th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $302.53.

NYSE GWW opened at $355.61 on Friday. The firm has a market cap of $19.87 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 1.77 and a beta of 0.83. W W Grainger Inc has a one year low of $166.46 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 1.08.

W W Grainger (NYSE:GWW) last released its earnings results on Wednesday, July 18th. The industrial products company reported $4.37 EPS for the quarter, topping the Zacks’ consensus estimate of $3.78 by $0.59. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.82 billion. W W Grainger had a return on equity of 42.66% and a net margin of 7.16%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 EPS. sell-side analysts forecast that W W Grainger Inc will post 16.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 1st. Stockholders of record on Monday, August 13th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, August 10th. W W Grainger’s payout ratio is 47.47%.

W W Grainger Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

Read More: Stock Symbols, CUSIP and Other Stock Identifiers

Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W W Grainger Inc (NYSE:GWW).

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

Receive News & Ratings for W W Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W W Grainger and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply