D.A. Davidson & CO. lowered its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 12.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,765 shares of the industrial products company’s stock after selling 533 shares during the quarter. D.A. Davidson & CO.’s holdings in W.W. Grainger were worth $676,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Rodgers Brothers Inc. increased its position in shares of W.W. Grainger by 150.0% in the third quarter. Rodgers Brothers Inc. now owns 3,877 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 2,326 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of W.W. Grainger by 2.4% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,157 shares of the industrial products company’s stock worth $2,185,000 after purchasing an additional 290 shares during the period. Pacer Advisors Inc. increased its position in shares of W.W. Grainger by 48.6% in the third quarter. Pacer Advisors Inc. now owns 1,854 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 606 shares during the period. Catalyst Capital Advisors LLC bought a new position in W.W. Grainger in the third quarter valued at about $3,059,000. Finally, Keystone Financial Planning Inc. bought a new position in W.W. Grainger in the third quarter valued at about $5,223,000. 85.21% of the stock is owned by institutional investors.
In other news, VP Paige K. Robbins sold 346 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $202.31, for a total transaction of $69,999.26. Following the transaction, the vice president now owns 8,400 shares of the company’s stock, valued at approximately $1,699,404. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John L. Howard sold 21,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $220.56, for a total value of $4,631,760.00. The disclosure for this sale can be found here. Insiders sold a total of 21,536 shares of company stock valued at $4,741,329 in the last 90 days. Corporate insiders own 9.60% of the company’s stock.
W.W. Grainger, Inc. (GWW) traded down $5.28 during midday trading on Thursday, hitting $221.43. The stock had a trading volume of 1,691,000 shares, compared to its average volume of 952,180. W.W. Grainger, Inc. has a 52-week low of $155.00 and a 52-week high of $262.71. The company has a market capitalization of $12,918.66, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 2.18 and a beta of 0.82. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.28 and a current ratio of 2.28.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.56 by $0.34. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the company posted $3.06 earnings per share. W.W. Grainger’s revenue was up 1.5% compared to the same quarter last year. equities analysts expect that W.W. Grainger, Inc. will post 10.71 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 13th were paid a $1.28 dividend. The ex-dividend date was Friday, November 10th. This represents a $5.12 dividend on an annualized basis and a yield of 2.31%. W.W. Grainger’s dividend payout ratio (DPR) is presently 60.95%.
A number of research firms have issued reports on GWW. KeyCorp reiterated a “sector weight” rating on shares of W.W. Grainger in a research report on Monday, August 21st. Royal Bank Of Canada boosted their price target on W.W. Grainger from $145.00 to $146.00 and gave the stock an “underperform” rating in a report on Wednesday, October 18th. UBS lowered W.W. Grainger from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $170.00 to $195.00 in a research note on Thursday, October 19th. Morgan Stanley reaffirmed an “underweight” rating and issued a $178.00 price objective (up from $172.00) on shares of W.W. Grainger in a research note on Monday, October 2nd. Finally, Credit Suisse Group set a $172.00 price objective on W.W. Grainger and gave the stock a “sell” rating in a research note on Wednesday, October 18th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. W.W. Grainger currently has an average rating of “Hold” and a consensus price target of $191.23.
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.
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