Achmea Investment Management B.V. decreased its holdings in shares of W W Grainger Inc (NYSE:GWW) by 25.3% in the third quarter, HoldingsChannel.com reports. The firm owned 13,122 shares of the industrial products company’s stock after selling 4,450 shares during the quarter. Achmea Investment Management B.V.’s holdings in W W Grainger were worth $4,685,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Architects Inc lifted its stake in W W Grainger by 1,195.7% during the third quarter. Financial Architects Inc now owns 298 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 275 shares during the period. Sun Life Financial INC lifted its stake 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 worth $126,000 after purchasing an additional 154 shares during the period. Piedmont Investment Advisors LLC bought a new position in W W Grainger during the second quarter worth about $178,000. Global Financial Private Capital LLC bought a new position in W W Grainger during the second quarter worth about $203,000. Finally, Mitchell Mcleod Pugh & Williams Inc. bought a new position in W W Grainger during the third quarter worth about $204,000. Hedge funds and other institutional investors own 75.28% of the company’s stock.
NYSE:GWW opened at $293.75 on Friday. 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. The company has a market capitalization of $16.67 billion, a PE ratio of 25.63, a PEG ratio of 1.47 and a beta of 1.06.
W W Grainger (NYSE:GWW) last posted its earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.23. W W Grainger had a net margin of 6.51% and a return on equity of 45.22%. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the previous year, the company posted $2.79 earnings per share. W W Grainger’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that W W Grainger Inc will post 16.29 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Monday, November 12th will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Thursday, November 8th. W W Grainger’s dividend payout ratio (DPR) is currently 47.47%.
In other news, VP John L. Howard sold 14,990 shares of W W Grainger stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $368.20, for a total value of $5,519,318.00. Following the completion of the transaction, the vice president now owns 58,207 shares in the company, valued at $21,431,817.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian P. Anderson sold 1,000 shares of W W Grainger stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,455,127.20. The disclosure for this sale can be found here. Insiders own 10.10% of the company’s stock.
A number of research analysts have commented on the stock. Longbow Research restated a “hold” rating on shares of W W Grainger in a research note on Wednesday, October 17th. Oppenheimer cut their price target on shares of W W Grainger from $410.00 to $365.00 and set an “outperform” rating for the company in a research note on Wednesday, October 17th. BMO Capital Markets cut their price target on shares of W W Grainger from $332.00 to $330.00 and set a “market perform” rating for the company in a research note on Wednesday, October 17th. ValuEngine cut shares of W W Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Gordon Haskett assumed coverage on shares of W W Grainger in a research note on Friday, October 12th. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the company. W W Grainger currently has a consensus rating of “Hold” and a consensus target price of $308.43.
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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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