Robeco Institutional Asset Management B.V. trimmed its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 20.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,382 shares of the industrial products company's stock after selling 27,323 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.21% of W.W. Grainger worth $107,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. HWG Holdings LP bought a new position in shares of W.W. Grainger in the 2nd quarter valued at approximately $26,000. GHP Investment Advisors Inc. raised its stake 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 acquiring an additional 20 shares in the last quarter. Washington Trust Advisors Inc. raised its stake in shares of W.W. Grainger by 225.0% in the 1st quarter. Washington Trust Advisors Inc. now owns 39 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 27 shares in the last quarter. Headlands Technologies LLC bought a new position in W.W. Grainger in the 1st quarter worth approximately $41,000. Finally, Triad Wealth Partners LLC bought a new position in W.W. Grainger in the 2nd quarter worth approximately $42,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO Donald G. Macpherson sold 12,992 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the sale, the chief executive officer now owns 98,567 shares in the company, valued at approximately $102,281,004.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of the firm's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total transaction of $27,524,551.64. Following the sale, the chief executive officer now owns 111,559 shares in the company, valued at $111,650,478.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Donald G. Macpherson sold 12,992 shares of the firm's stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the sale, the chief executive officer now owns 98,567 shares in the company, valued at $102,281,004.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.50% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on the company. Baird R W raised W.W. Grainger from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. Royal Bank of Canada boosted their target price on 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. Northcoast Research started coverage on W.W. Grainger in a report on Tuesday, October 29th. They issued a "neutral" rating for the company. Bank of America initiated coverage on W.W. Grainger in a report on Monday, October 7th. They set an "underperform" rating and a $925.00 price objective for the company. Finally, Wolfe Research upgraded W.W. Grainger to a "hold" rating in a research note on Sunday, September 22nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $1,058.50.
Check Out Our Latest Report on W.W. Grainger
W.W. Grainger Stock Performance
NYSE GWW traded down $9.39 on Monday, hitting $1,095.68. 150,930 shares of the stock traded hands, compared to its average volume of 234,596. The business's fifty day moving average is $1,035.68 and its two-hundred day moving average is $972.05. W.W. Grainger, Inc. has a 12 month low of $758.11 and a 12 month high of $1,130.01. The firm has a market capitalization of $53.50 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 3.09 and a beta of 1.15. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.40 and a current ratio of 2.59.
W.W. Grainger (NYSE:GWW - Get Free Report) last posted its earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.98 by ($0.11). The company had revenue of $4.39 billion for the quarter, compared to analysts' expectations of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The company's revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.43 EPS. As a group, equities analysts anticipate that W.W. Grainger, Inc. will post 38.69 EPS for the current fiscal year.
W.W. Grainger Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Monday, November 11th will be given a dividend of $2.05 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $8.20 annualized dividend and a dividend yield of 0.75%. W.W. Grainger's dividend payout ratio is currently 22.23%.
W.W. Grainger Profile
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Free Report)
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.
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