W.W. Grainger, Inc. (NYSE:GWW) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 128,721 shares of the industrial products company’s stock after selling 2,374 shares during the period. DekaBank Deutsche Girozentrale owned 0.26% of W.W. Grainger worth $132,631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GWW. GHP Investment Advisors Inc. raised its holdings in shares of W.W. Grainger by 250.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock valued at $29,000 after buying an additional 20 shares during the period. PFG Investments LLC raised its stake in shares of W.W. Grainger by 32.7% during the third quarter. PFG Investments LLC now owns 454 shares of the industrial products company’s stock valued at $472,000 after purchasing an additional 112 shares during the period. Arkadios Wealth Advisors lifted its position in shares of W.W. Grainger by 19.0% during the third quarter. Arkadios Wealth Advisors now owns 644 shares of the industrial products company’s stock worth $669,000 after purchasing an additional 103 shares in the last quarter. Forsta AP Fonden grew its holdings in W.W. Grainger by 4.2% during the 3rd quarter. Forsta AP Fonden now owns 17,200 shares of the industrial products company’s stock valued at $17,868,000 after purchasing an additional 700 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of W.W. Grainger by 4.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,155 shares of the industrial products company’s stock worth $5,340,000 after acquiring an additional 216 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Bank of America began coverage on W.W. Grainger in a research note on Monday, October 7th. They set an “underperform” rating and a $925.00 price objective for the company. Morgan Stanley assumed coverage on shares of W.W. Grainger in a report on Friday, September 6th. They issued an “equal weight” rating and a $990.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a research report on Sunday, September 22nd. Finally, Loop Capital increased their price target on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, W.W. Grainger has a consensus rating of “Hold” and a consensus target price of $1,043.20.

Insider Buying and Selling at W.W. Grainger

In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the completion of the sale, the chief executive officer now directly owns 111,559 shares of the company’s stock, valued at approximately $111,650,478.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,992 shares of W.W. Grainger stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the transaction, the chief executive officer now directly owns 98,567 shares in the company, valued at approximately $102,281,004.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Donald G. Macpherson sold 27,502 shares of W.W. Grainger stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the transaction, the chief executive officer now owns 111,559 shares in the company, valued at $111,650,478.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by corporate insiders.

W.W. Grainger Trading Up 0.8 %

NYSE:GWW opened at $1,090.94 on Friday. The stock has a market cap of $53.27 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 3.07 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.30. W.W. Grainger, Inc. has a 1 year low of $687.55 and a 1 year high of $1,129.92. The business has a fifty day moving average of $1,022.51 and a 200-day moving average of $967.18.

W.W. Grainger (NYSE:GWW) last announced its earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.58 by $0.18. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the firm posted $9.28 EPS. W.W. Grainger’s revenue was up 3.1% compared to the same quarter last year. Equities analysts predict that W.W. Grainger, Inc. will post 38.69 earnings per share for the current year.

W.W. Grainger Announces Dividend

The company 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. The ex-dividend date was Monday, August 12th. This represents a $8.20 annualized dividend and a yield of 0.75%. W.W. Grainger’s payout ratio is 22.50%.

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.