Stephens Inc. AR decreased its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 68.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,878 shares of the industrial products company’s stock after selling 8,491 shares during the period. Stephens Inc. AR’s holdings in W.W. Grainger were worth $697,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tobam acquired a new stake in shares of W.W. Grainger during the 2nd quarter worth approximately $7,228,000. Neuberger Berman Group LLC boosted its position in shares of W.W. Grainger by 16.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 852,421 shares of the industrial products company’s stock worth $153,888,000 after acquiring an additional 119,186 shares in the last quarter. Ronna Sue Cohen acquired a new stake in shares of W.W. Grainger during the 3rd quarter worth approximately $3,651,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of W.W. Grainger by 2.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 168,049 shares of the industrial products company’s stock worth $30,338,000 after acquiring an additional 4,210 shares in the last quarter. Finally, State Farm Mutual Automobile Insurance Co. boosted its position in shares of W.W. Grainger by 102.3% during the 2nd quarter. State Farm Mutual Automobile Insurance Co. now owns 41,570 shares of the industrial products company’s stock worth $7,505,000 after acquiring an additional 21,017 shares in the last quarter. Institutional investors and hedge funds own 86.01% of the company’s stock.

A number of analysts have weighed in on GWW shares. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $245.00 target price on shares of W.W. Grainger in a research report on Monday, November 13th. Wells Fargo & Company set a $210.00 target price on shares of W.W. Grainger and gave the company a “hold” rating in a research report on Wednesday, October 18th. KeyCorp restated a “hold” rating on shares of W.W. Grainger in a research report on Monday, November 13th. BMO Capital Markets restated a “market perform” rating and issued a $178.00 target price (up previously from $165.00) on shares of W.W. Grainger in a research report on Monday, October 9th. Finally, Atlantic Securities upgraded shares of W.W. Grainger from an “underweight” rating to a “neutral” rating in a research report on Thursday, October 19th. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $191.23.

Shares of W.W. Grainger, Inc. (NYSE:GWW) traded up $0.77 during trading hours on Friday, hitting $200.40. 378,600 shares of the stock were exchanged, compared to its average volume of 947,777. The firm has a market capitalization of $11,460.00, a price-to-earnings ratio of 18.27, a PEG ratio of 1.93 and a beta of 0.77. The company has a current ratio of 2.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.19. W.W. Grainger, Inc. has a 52 week low of $155.00 and a 52 week high of $262.71.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.34. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.65 billion. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. W.W. Grainger’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.06 earnings per share. research analysts anticipate that W.W. Grainger, Inc. will post 10.71 earnings per share for the current fiscal 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 dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Friday, November 10th. W.W. Grainger’s dividend payout ratio is presently 60.74%.

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In related news, VP Paige K. Robbins sold 346 shares of W.W. Grainger stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $202.31, for a total transaction of $69,999.26. Following the completion of the transaction, the vice president now owns 8,400 shares of the company’s stock, valued at $1,699,404. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Eric R. Tapia sold 190 shares of W.W. Grainger stock in a transaction on Friday, October 20th. The stock was sold at an average price of $208.26, for a total transaction of $39,569.40. Following the transaction, the vice president now directly owns 3,748 shares of the company’s stock, valued at approximately $780,558.48. The disclosure for this sale can be found here. 9.60% of the stock is owned by company insiders.

About W.W. Grainger

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

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