W.W. Grainger, Inc. (GWW) Shares Sold by Janus Capital Management LLC

Janus Capital Management LLC decreased its stake in W.W. Grainger, Inc. (NYSE:GWW) by 13.6% during the first quarter, Holdings Channel reports. The fund owned 73,130 shares of the industrial products company’s stock after selling 11,522 shares during the period. Janus Capital Management LLC’s holdings in W.W. Grainger were worth $17,021,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GWW. Cypress Wealth Advisors LLC raised its position in W.W. Grainger by 0.4% in the first quarter. Cypress Wealth Advisors LLC now owns 988 shares of the industrial products company’s stock valued at $230,000 after buying an additional 4 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in W.W. Grainger by 15.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,300 shares of the industrial products company’s stock valued at $535,000 after buying an additional 300 shares during the last quarter. HighTower Advisors LLC raised its position in W.W. Grainger by 7.7% in the first quarter. HighTower Advisors LLC now owns 19,845 shares of the industrial products company’s stock valued at $4,624,000 after buying an additional 1,422 shares during the last quarter. Westwood Holdings Group Inc. raised its position in W.W. Grainger by 62.3% in the first quarter. Westwood Holdings Group Inc. now owns 13,150 shares of the industrial products company’s stock valued at $3,061,000 after buying an additional 5,050 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in W.W. Grainger by 4.1% in the first quarter. AQR Capital Management LLC now owns 101,636 shares of the industrial products company’s stock valued at $23,657,000 after buying an additional 3,992 shares during the last quarter. 80.60% of the stock is owned by institutional investors.

W.W. Grainger, Inc. (NYSE:GWW) opened at 179.26 on Monday. The company has a market capitalization of $10.47 billion, a P/E ratio of 18.30 and a beta of 0.76. W.W. Grainger, Inc. has a one year low of $168.58 and a one year high of $262.71. The firm has a 50-day moving average of $176.17 and a 200-day moving average of $219.41.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Tuesday, April 18th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.99 by $0.11. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.57 billion. W.W. Grainger had a net margin of 5.84% and a return on equity of 33.24%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.18 EPS. On average, analysts anticipate that W.W. Grainger, Inc. will post $10.38 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was originally published by WKRB News and is owned by of WKRB News. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.wkrb13.com/markets/2285044/w-w-grainger-inc-gww-shares-sold-by-janus-capital-management-llc.html.

Several research analysts have commented on the stock. BidaskClub raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Stifel Nicolaus reissued a “hold” rating and set a $180.00 target price (down from $204.00) on shares of W.W. Grainger in a research note on Friday, June 2nd. J P Morgan Chase & Co assumed coverage on shares of W.W. Grainger in a research note on Friday, June 2nd. They set a “neutral” rating and a $180.00 target price for the company. Macquarie lowered shares of W.W. Grainger from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $286.00 to $200.00 in a research note on Friday, May 26th. Finally, BMO Capital Markets reissued a “hold” rating and set a $198.00 target price on shares of W.W. Grainger in a research note on Thursday, May 25th. Five analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $189.60.

About W.W. Grainger

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

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)

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2285044/w-w-grainger-inc-gww-shares-sold-by-janus-capital-management-llc.html

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

 


Leave a Reply

 
© 2006-2017 WKRB News.