Man Group plc lowered its holdings in shares of W W Grainger Inc (NYSE:GWW) by 22.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,898 shares of the industrial products company’s stock after selling 1,443 shares during the quarter. Man Group plc’s holdings in W W Grainger were worth $1,456,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. We Are One Seven LLC raised its position in shares of W W Grainger by 5.2% during the third quarter. We Are One Seven LLC now owns 815 shares of the industrial products company’s stock worth $242,000 after purchasing an additional 40 shares during the period. Albert D Mason Inc. raised its position in W W Grainger by 0.8% in the 3rd quarter. Albert D Mason Inc. now owns 4,934 shares of the industrial products company’s stock valued at $1,466,000 after buying an additional 40 shares during the last quarter. Parallel Advisors LLC raised its position in W W Grainger by 23.2% in the 3rd quarter. Parallel Advisors LLC now owns 223 shares of the industrial products company’s stock valued at $66,000 after buying an additional 42 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in W W Grainger by 0.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,408 shares of the industrial products company’s stock valued at $4,876,000 after buying an additional 42 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its position in W W Grainger by 3.0% in the 3rd quarter. Wetherby Asset Management Inc. now owns 1,566 shares of the industrial products company’s stock valued at $465,000 after buying an additional 46 shares during the last quarter. 72.07% of the stock is currently owned by institutional investors.

A number of equities research analysts recently issued reports on GWW shares. Buckingham Research lifted their target price on W W Grainger from $295.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. lifted their target price on W W Grainger from $297.00 to $301.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley raised W W Grainger from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $281.00 to $338.00 in a research report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $297.98.

In other W W Grainger news, VP Paige K. Robbins sold 340 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $318.32, for a total transaction of $108,228.80. Following the transaction, the vice president now owns 9,914 shares of the company’s stock, valued at approximately $3,155,824.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Eric R. Tapia sold 865 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $319.52, for a total value of $276,384.80. Following the transaction, the vice president now directly owns 3,276 shares in the company, valued at approximately $1,046,747.52. The disclosure for this sale can be found here. Insiders have sold a total of 12,921 shares of company stock worth $3,965,960 in the last ninety days. Insiders own 8.50% of the company’s stock.

Shares of W W Grainger stock opened at $332.31 on Friday. The firm has a market cap of $17.90 billion, a PE ratio of 19.90, a P/E/G ratio of 1.67 and a beta of 0.97. W W Grainger Inc has a 52-week low of $255.09 and a 52-week high of $339.00. The business’s 50 day simple moving average is $319.66 and its 200 day simple moving average is $289.31. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.19 and a current ratio of 2.16.

W W Grainger (NYSE:GWW) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.40 by ($0.14). The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.94 billion. W W Grainger had a return on equity of 46.07% and a net margin of 8.38%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $4.19 EPS. As a group, equities research analysts predict that W W Grainger Inc will post 17.46 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 11th were given a dividend of $1.44 per share. This represents a $5.76 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, November 7th. W W Grainger’s dividend payout ratio (DPR) is 34.49%.

W W Grainger Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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

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