Public Employees Retirement System of Ohio Lowers Stock Position in W.W. Grainger, Inc. (NYSE:GWW)

Public Employees Retirement System of Ohio lowered its position in W.W. Grainger, Inc. (NYSE:GWW) by 5.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,575 shares of the industrial products company’s stock after selling 1,163 shares during the period. Public Employees Retirement System of Ohio’s holdings in W.W. Grainger were worth $20,931,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in W.W. Grainger by 32.0% during the fourth quarter. Pacer Advisors Inc. now owns 3,828 shares of the industrial products company’s stock valued at $3,172,000 after buying an additional 929 shares during the period. Assenagon Asset Management S.A. grew its position in W.W. Grainger by 9.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,301 shares of the industrial products company’s stock valued at $1,907,000 after buying an additional 196 shares during the period. Ritholtz Wealth Management grew its position in W.W. Grainger by 2.8% during the fourth quarter. Ritholtz Wealth Management now owns 436 shares of the industrial products company’s stock valued at $361,000 after buying an additional 12 shares during the period. McGlone Suttner Wealth Management Inc. bought a new position in W.W. Grainger during the fourth quarter valued at about $45,000. Finally, Blue Trust Inc. grew its position in W.W. Grainger by 40.0% during the fourth quarter. Blue Trust Inc. now owns 112 shares of the industrial products company’s stock valued at $93,000 after buying an additional 32 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Insider Transactions at W.W. Grainger

In other news, SVP Matt Fortin sold 511 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $915.20, for a total value of $467,667.20. Following the sale, the senior vice president now directly owns 1,848 shares of the company’s stock, valued at $1,691,289.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 9.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Robert W. Baird lowered shares of W.W. Grainger from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $1,000.00 to $975.00 in a research report on Wednesday, May 29th. Erste Group Bank reiterated a “hold” rating on shares of W.W. Grainger in a research report on Friday, June 14th. Stephens upgraded shares of W.W. Grainger from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $1,000.00 to $1,250.00 in a research report on Monday, April 29th. Finally, Loop Capital cut their target price on shares of W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $997.75.

W.W. Grainger Trading Down 0.4 %

Shares of W.W. Grainger stock opened at $966.81 on Tuesday. W.W. Grainger, Inc. has a 12-month low of $674.41 and a 12-month high of $1,034.18. The company has a market cap of $47.44 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.90 and a beta of 1.17. The company has a current ratio of 2.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $924.91 and its 200-day moving average price is $942.71.

W.W. Grainger Company 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.