Nicolet Bankshares Inc. Has $503,000 Position in W.W. Grainger, Inc. (GWW)
Nicolet Bankshares Inc. boosted its position in W.W. Grainger, Inc. (NYSE:GWW) by 98.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,798 shares of the industrial products company’s stock after buying an additional 1,386 shares during the period. Nicolet Bankshares Inc.’s holdings in W.W. Grainger were worth $503,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of GWW. Thrivent Financial For Lutherans grew its position in W.W. Grainger by 3.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 2,020 shares of the industrial products company’s stock valued at $470,000 after buying an additional 70 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of W.W. Grainger during the 1st quarter worth $273,000. New England Research & Management Inc. purchased a new stake in shares of W.W. Grainger during the 2nd quarter worth $396,000. Confluence Investment Management LLC boosted its position in shares of W.W. Grainger by 8.8% during the 2nd quarter. Confluence Investment Management LLC now owns 53,589 shares of the industrial products company’s stock worth $9,674,000 after purchasing an additional 4,349 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in shares of W.W. Grainger by 1,103.2% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 4,825 shares of the industrial products company’s stock worth $871,000 after purchasing an additional 4,424 shares in the last quarter. Hedge funds and other institutional investors own 83.99% of the company’s stock.
Several equities research analysts have commented on GWW shares. Zacks Investment Research lowered shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Atlantic Securities upgraded shares of W.W. Grainger from an “underweight” rating to a “neutral” rating in a research report on Thursday, October 19th. Credit Suisse Group restated an “underperform” rating and set a $150.00 target price (down from $175.00) on shares of W.W. Grainger in a research report on Thursday, July 20th. Royal Bank Of Canada boosted their target price on shares of W.W. Grainger from $146.00 to $148.00 and gave the stock an “underperform” rating in a research report on Tuesday. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $178.00 price objective (up from $165.00) on shares of W.W. Grainger in a research report on Monday, October 9th. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $191.00.
Shares of W.W. Grainger, Inc. (NYSE:GWW) traded up $3.57 during mid-day trading on Tuesday, reaching $203.58. 842,128 shares of the company traded hands, compared to its average volume of 1,250,000. W.W. Grainger, Inc. has a 12-month low of $155.00 and a 12-month high of $262.71. The firm has a market cap of $11,660.00, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 1.94 and a beta of 0.77. The company has a quick ratio of 1.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.19.
W.W. Grainger (NYSE:GWW) last announced its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.34. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the company posted $3.06 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. sell-side analysts predict that W.W. Grainger, Inc. will post 10.65 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be paid a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Friday, November 10th. W.W. Grainger’s payout ratio is 60.74%.
In other news, VP Eric R. Tapia sold 190 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $208.26, for a total transaction of $39,569.40. Following the completion of the transaction, the vice president now owns 3,748 shares of the company’s stock, valued at approximately $780,558.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Paige K. Robbins sold 346 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $202.31, for a total transaction of $69,999.26. Following the transaction, the vice president now directly owns 8,400 shares of the company’s stock, valued at approximately $1,699,404. The disclosure for this sale can be found here. Insiders own 9.60% of the company’s stock.
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W.W. Grainger Profile
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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