Rational Advisors LLC Lowers Holdings in W W Grainger Inc (GWW)

Rational Advisors LLC lessened its position in shares of W W Grainger Inc (NYSE:GWW) by 91.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 219 shares of the industrial products company’s stock after selling 2,442 shares during the period. Rational Advisors LLC’s holdings in W W Grainger were worth $66,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in W W Grainger by 4.2% in the fourth quarter. BlackRock Inc. now owns 3,372,604 shares of the industrial products company’s stock valued at $952,290,000 after purchasing an additional 135,674 shares during the last quarter. Longview Partners Guernsey LTD boosted its holdings in W W Grainger by 84.1% in the fourth quarter. Longview Partners Guernsey LTD now owns 3,155,394 shares of the industrial products company’s stock valued at $890,957,000 after purchasing an additional 1,441,615 shares during the last quarter. Ronna Sue Cohen boosted its holdings in W W Grainger by 27,609.9% in the first quarter. Ronna Sue Cohen now owns 2,981,867 shares of the industrial products company’s stock valued at $2,982,000 after purchasing an additional 2,971,106 shares during the last quarter. Northern Trust Corp boosted its holdings in W W Grainger by 8.9% in the fourth quarter. Northern Trust Corp now owns 1,245,244 shares of the industrial products company’s stock valued at $351,607,000 after purchasing an additional 101,464 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in W W Grainger by 8.9% in the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 827,172 shares of the industrial products company’s stock valued at $233,560,000 after purchasing an additional 67,363 shares during the last quarter. 74.45% of the stock is owned by institutional investors.

Shares of NYSE GWW opened at $258.56 on Monday. W W Grainger Inc has a 52-week low of $255.38 and a 52-week high of $372.06. The company has a market cap of $14.34 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.26 and a beta of 0.96. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.36 and a current ratio of 2.40.

W W Grainger (NYSE:GWW) last announced its quarterly earnings data on Monday, April 22nd. The industrial products company reported $4.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.42 by $0.09. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.88 billion. W W Grainger had a return on equity of 46.09% and a net margin of 7.12%. W W Grainger’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.18 earnings per share. As a group, equities research analysts predict that W W Grainger Inc will post 17.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Monday, May 13th will be given a dividend of $1.44 per share. This represents a $5.76 dividend on an annualized basis and a dividend yield of 2.23%. This is a boost from W W Grainger’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, May 10th. W W Grainger’s dividend payout ratio is presently 34.49%.

W W Grainger announced that its Board of Directors has authorized a share repurchase program on Wednesday, April 24th that authorizes the company to buyback 5,000,000 outstanding shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

A number of brokerages recently commented on GWW. Zacks Investment Research downgraded W W Grainger from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Peel Hunt raised W W Grainger from an “add” rating to a “buy” rating in a report on Thursday, April 4th. Gordon Haskett downgraded W W Grainger from a “hold” rating to an “underperform” rating and set a $308.99 price target for the company. in a report on Friday, April 12th. Buckingham Research increased their price target on W W Grainger from $309.00 to $316.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Finally, Morgan Stanley increased their price target on W W Grainger from $266.00 to $273.00 and gave the company an “underweight” rating in a report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. W W Grainger presently has a consensus rating of “Hold” and an average target price of $309.13.

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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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