W.W. Grainger, Inc. (NYSE:GWW) Shares Sold by Barclays PLC

Barclays PLC cut its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 7.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,833 shares of the industrial products company’s stock after selling 8,721 shares during the period. Barclays PLC’s holdings in W.W. Grainger were worth $41,597,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of W.W. Grainger by 0.3% during the third quarter. BlackRock Inc. now owns 3,768,840 shares of the industrial products company’s stock valued at $1,481,378,000 after buying an additional 13,018 shares during the last quarter. State Street Corp grew its holdings in shares of W.W. Grainger by 1.5% during the second quarter. State Street Corp now owns 2,276,931 shares of the industrial products company’s stock valued at $997,296,000 after buying an additional 34,352 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of W.W. Grainger by 4.5% during the second quarter. Geode Capital Management LLC now owns 861,605 shares of the industrial products company’s stock valued at $376,587,000 after buying an additional 37,332 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of W.W. Grainger by 116.1% during the third quarter. Nordea Investment Management AB now owns 475,166 shares of the industrial products company’s stock valued at $191,924,000 after buying an additional 255,305 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of W.W. Grainger by 8.5% during the second quarter. Legal & General Group Plc now owns 453,856 shares of the industrial products company’s stock valued at $198,789,000 after buying an additional 35,525 shares during the last quarter. 68.23% of the stock is currently owned by hedge funds and other institutional investors.

In other W.W. Grainger news, VP Paige K. Robbins sold 565 shares of the firm’s stock in a transaction that occurred on Friday, October 29th. The shares were sold at an average price of $450.00, for a total value of $254,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Donald G. Macpherson sold 15,741 shares of the firm’s stock in a transaction that occurred on Friday, December 3rd. The shares were sold at an average price of $487.86, for a total transaction of $7,679,404.26. The disclosure for this sale can be found here. Insiders have sold a total of 26,034 shares of company stock valued at $12,765,357 in the last ninety days. 10.04% of the stock is currently owned by corporate insiders.

Several equities research analysts have commented on GWW shares. Royal Bank of Canada upped their price target on shares of W.W. Grainger from $378.00 to $391.00 and gave the company an “underperform” rating in a report on Monday, November 1st. Zacks Investment Research raised shares of W.W. Grainger from a “hold” rating to a “buy” rating and set a $539.00 target price on the stock in a research note on Monday, December 13th. Morgan Stanley increased their target price on shares of W.W. Grainger from $510.00 to $536.00 and gave the stock an “equal weight” rating in a research note on Friday. Oppenheimer upped their price target on shares of W.W. Grainger from $500.00 to $535.00 and gave the stock an “outperform” rating in a research report on Monday, November 1st. Finally, Wells Fargo & Company restated a “sell” rating and set a $400.00 price target on shares of W.W. Grainger in a research report on Friday, September 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, W.W. Grainger has a consensus rating of “Hold” and a consensus price target of $481.58.

NYSE:GWW opened at $504.56 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.43 and a current ratio of 2.58. The stock has a market capitalization of $25.99 billion, a P/E ratio of 28.80, a PEG ratio of 1.66 and a beta of 1.25. The company has a 50 day moving average price of $499.62 and a 200 day moving average price of $456.94. W.W. Grainger, Inc. has a fifty-two week low of $356.23 and a fifty-two week high of $527.06.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Friday, October 29th. The industrial products company reported $5.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.31 by $0.34. The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.32 billion. W.W. Grainger had a net margin of 7.35% and a return on equity of 45.31%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $4.52 EPS. Research analysts forecast that W.W. Grainger, Inc. will post 19.6 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 1st. Investors of record on Monday, November 8th were given a dividend of $1.62 per share. The ex-dividend date was Friday, November 5th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.28%. W.W. Grainger’s payout ratio is currently 36.99%.

About W.W. Grainger

W.W. Grainger, Inc operates as a supplier of maintenance, repair and operating products (MRO), with operations also in Europe, Asia and Latin America. It operates through two segments: United States and Canada. The United States segment offers a selection of MRO products and services through its eCommerce platforms, catalogs, branches and sales and service representatives.

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Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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