Barings LLC trimmed its holdings in shares of W W Grainger Inc (NYSE:GWW) by 60.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,376 shares of the industrial products company’s stock after selling 3,650 shares during the quarter. Barings LLC’s holdings in W W Grainger were worth $849,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sun Life Financial INC grew its position in W W Grainger by 60.4% during the second quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock valued at $126,000 after buying an additional 154 shares during the period. Mitchell Mcleod Pugh & Williams Inc. bought a new stake in W W Grainger during the third quarter valued at approximately $204,000. Piedmont Investment Advisors LLC bought a new stake in W W Grainger during the second quarter valued at approximately $178,000. Spinnaker Trust bought a new stake in W W Grainger during the third quarter valued at approximately $214,000. Finally, Howland Capital Management LLC bought a new stake in W W Grainger during the third quarter valued at approximately $214,000. Institutional investors own 75.70% of the company’s stock.
GWW opened at $289.24 on Friday. The company has a market capitalization of $15.89 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 1.40 and a beta of 0.82. W W Grainger Inc has a 1-year low of $191.39 and a 1-year high of $372.06. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 1.44.
W W Grainger (NYSE:GWW) last posted its quarterly earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.96 by $0.23. The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.84 billion. W W Grainger had a net margin of 6.51% and a return on equity of 45.22%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.79 earnings per share. Equities research analysts anticipate that W W Grainger Inc will post 16.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Monday, November 12th will be given a $1.36 dividend. The ex-dividend date is Thursday, November 8th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.88%. W W Grainger’s payout ratio is currently 47.47%.
In related news, Director Brian P. Anderson sold 1,000 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $360.18, for a total transaction of $360,180.00. Following the completion of the transaction, the director now owns 4,040 shares in the company, valued at $1,455,127.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John L. Howard sold 14,990 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $368.20, for a total transaction of $5,519,318.00. Following the transaction, the vice president now owns 58,207 shares of the company’s stock, valued at approximately $21,431,817.40. The disclosure for this sale can be found here. Corporate insiders own 10.10% of the company’s stock.
Several brokerages recently issued reports on GWW. Macquarie boosted their target price on shares of W W Grainger from $314.00 to $358.00 and gave the company a “neutral” rating in a research report on Wednesday, August 22nd. BMO Capital Markets boosted their target price on shares of W W Grainger from $255.00 to $267.00 and gave the company a “market perform” rating in a research report on Friday, July 6th. Oppenheimer boosted their target price on shares of W W Grainger from $350.00 to $380.00 and gave the company an “outperform” rating in a research report on Thursday, July 19th. Wells Fargo & Co restated a “hold” rating on shares of W W Grainger in a research report on Wednesday, July 18th. Finally, ValuEngine lowered shares of W W Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $308.43.
W W Grainger Company Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.
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