W.W. Grainger, Inc. (NYSE:GWW), saw a high level insider execute a transaction that began last week and was officially filed today, September 2nd, resulting in the increasing of his exposure to the company. Vice President and Controller William Lomax purchased 813 shares of common stock at an average price of $246.2 per share. As well, following this transaction, Lomax now has a total of 2,508 shares directly invested in the company.
A $16.86 billion market cap powerhouse, W.W. Grainger, Inc. (NYSE:GWW), is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services used by businesses and institutions primarily in the United States and Canada.
In addition, billionaire William Von Mueffling is betting on the company this quarter. His hedge fund, Cantillon Capitol Management rose its exposure to W.W. Grainger, Inc. (NYSE:GWW) by 1% last quarter, now holding about 1 million shares worth nearly $259 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.