Mutual of America Capital Management LLC Sells 596 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Mutual of America Capital Management LLC reduced its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,471 shares of the industrial products company's stock after selling 596 shares during the period. Mutual of America Capital Management LLC's holdings in W.W. Grainger were worth $5,683,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GHP Investment Advisors Inc. boosted its holdings in shares of W.W. Grainger by 250.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company's stock valued at $29,000 after buying an additional 20 shares during the period. HWG Holdings LP acquired a new position in W.W. Grainger during the 2nd quarter valued at about $26,000. Triad Wealth Partners LLC acquired a new position in W.W. Grainger during the 2nd quarter valued at about $42,000. Fortitude Family Office LLC boosted its stake in W.W. Grainger by 38.9% during the 3rd quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 14 shares during the period. Finally, EntryPoint Capital LLC boosted its stake in W.W. Grainger by 537.5% during the 1st quarter. EntryPoint Capital LLC now owns 51 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 43 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Stock Down 0.1 %

Shares of GWW traded down $0.93 during mid-day trading on Wednesday, hitting $1,171.14. 55,189 shares of the company's stock were exchanged, compared to its average volume of 234,231. W.W. Grainger, Inc. has a 52 week low of $772.13 and a 52 week high of $1,227.66. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.68. The company has a 50-day simple moving average of $1,086.44 and a 200 day simple moving average of $992.40. The company has a market cap of $57.03 billion, a PE ratio of 31.78, a P/E/G ratio of 3.25 and a beta of 1.15.

W.W. Grainger (NYSE:GWW - Get Free Report) last released its earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share for the quarter, missing the consensus estimate of $9.98 by ($0.11). W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. The firm had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same period in the prior year, the business posted $9.43 earnings per share. W.W. Grainger's quarterly revenue was up 4.3% compared to the same quarter last year. On average, research analysts forecast that W.W. Grainger, Inc. will post 38.92 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Monday, November 11th will be paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, November 8th. W.W. Grainger's dividend payout ratio (DPR) is presently 22.23%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Loop Capital boosted their price target on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the stock a "hold" rating in a research report on Monday, October 21st. Royal Bank of Canada lifted their target price on shares of W.W. Grainger from $1,018.00 to $1,125.00 and gave the stock a "sector perform" rating in a research report on Friday, November 1st. Morgan Stanley lifted their target price on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the stock an "equal weight" rating in a research report on Tuesday. StockNews.com raised shares of W.W. Grainger from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Finally, Bank of America started coverage on shares of W.W. Grainger in a research report on Monday, October 7th. They set an "underperform" rating and a $925.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $1,109.00.

Insider Activity at W.W. Grainger

In other news, VP Paige K. Robbins sold 9,577 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the completion of the transaction, the vice president now directly owns 4,379 shares in the company, valued at $4,895,021.36. This trade represents a 68.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Laurie R. Thomson sold 125 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the sale, the vice president now directly owns 675 shares of the company's stock, valued at $814,070.25. This represents a 15.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,900 shares of company stock valued at $52,640,733 over the last quarter. 9.50% of the stock is owned by corporate insiders.

About W.W. Grainger

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.