Mackenzie Financial Corp Has $107.18 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Mackenzie Financial Corp trimmed its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 11.5% during the second quarter, Holdings Channel.com reports. The firm owned 118,791 shares of the industrial products company’s stock after selling 15,373 shares during the period. Mackenzie Financial Corp’s holdings in W.W. Grainger were worth $107,178,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GWW. Brevan Howard Capital Management LP lifted its holdings in W.W. Grainger by 119.5% during the 4th quarter. Brevan Howard Capital Management LP now owns 2,364 shares of the industrial products company’s stock worth $1,959,000 after buying an additional 1,287 shares in the last quarter. Janus Henderson Group PLC increased its position in W.W. Grainger by 36.6% in the first quarter. Janus Henderson Group PLC now owns 9,506 shares of the industrial products company’s stock worth $9,664,000 after purchasing an additional 2,548 shares during the period. ORG Partners LLC raised its holdings in W.W. Grainger by 1,201.6% during the 2nd quarter. ORG Partners LLC now owns 833 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 769 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in W.W. Grainger by 11.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 59,822 shares of the industrial products company’s stock valued at $60,857,000 after purchasing an additional 6,042 shares during the period. Finally, Cetera Advisors LLC boosted its stake in shares of W.W. Grainger by 576.3% in the 1st quarter. Cetera Advisors LLC now owns 5,559 shares of the industrial products company’s stock valued at $5,655,000 after purchasing an additional 4,737 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

W.W. Grainger Trading Down 0.8 %

Shares of NYSE:GWW opened at $1,035.66 on Friday. The firm has a market cap of $50.82 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 2.07 and a beta of 1.16. W.W. Grainger, Inc. has a 12 month low of $674.41 and a 12 month high of $1,049.02. The company’s fifty day simple moving average is $977.94 and its 200 day simple moving average is $958.50. The company has a quick ratio of 1.40, a current ratio of 2.30 and a debt-to-equity ratio of 0.50.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, beating analysts’ consensus estimates of $9.58 by $0.18. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the company posted $9.28 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts forecast that W.W. Grainger, Inc. will post 38.75 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Monday, August 12th were issued a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Monday, August 12th. W.W. Grainger’s payout ratio is 22.64%.

Analysts Set New Price Targets

Several brokerages recently weighed in on GWW. Royal Bank of Canada cut their price objective on shares of W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. Wolfe Research raised W.W. Grainger to a “hold” rating in a research note on Sunday, September 22nd. Morgan Stanley started coverage on W.W. Grainger in a report on Friday, September 6th. They issued an “equal weight” rating and a $990.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Erste Group Bank reiterated a “hold” rating on shares of W.W. Grainger in a research report on Friday, June 14th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $1,014.11.

Insider Activity at W.W. Grainger

In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,000.82, for a total transaction of $27,524,551.64. Following the sale, the chief executive officer now directly owns 111,559 shares of the company’s stock, valued at approximately $111,650,478.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 9.50% of the stock is owned by insiders.

W.W. Grainger Profile

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.