PDT Partners LLC Has $2.44 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

PDT Partners LLC lowered its holdings in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 31.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,350 shares of the industrial products company's stock after selling 1,100 shares during the quarter. PDT Partners LLC's holdings in W.W. Grainger were worth $2,441,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. HWG Holdings LP acquired a new position in W.W. Grainger during the 2nd quarter valued at approximately $26,000. GHP Investment Advisors Inc. increased its position in W.W. Grainger by 250.0% during the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company's stock worth $29,000 after purchasing an additional 20 shares during the last quarter. Larson Financial Group LLC increased its position in shares of W.W. Grainger by 111.1% during the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 20 shares during the last quarter. Triad Wealth Partners LLC purchased a new position in shares of W.W. Grainger in the second quarter valued at approximately $42,000. Finally, Fortitude Family Office LLC lifted its stake in W.W. Grainger by 38.9% in the third quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company's stock worth $52,000 after acquiring an additional 14 shares during the last quarter. Institutional investors own 80.70% of the company's stock.

Insider Activity at W.W. Grainger

In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,992 shares of W.W. Grainger stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 98,567 shares of the company's stock, valued at $102,281,004.56. The trade was a 11.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Paige K. Robbins sold 9,577 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total value 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 approximately $4,895,021.36. This represents a 68.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,900 shares of company stock valued at $52,640,733. Corporate insiders own 9.50% of the company's stock.

Analysts Set New Price Targets

GWW has been the topic of a number of recent research reports. Robert W. Baird raised shares of W.W. Grainger from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $975.00 to $1,230.00 in a report on Wednesday, October 16th. Morgan Stanley upped their price objective on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 19th. Bank of America began coverage on shares of W.W. Grainger in a research report on Monday, October 7th. They set an "underperform" rating and a $925.00 target price for the company. Baird R W raised shares of W.W. Grainger from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. Finally, Northcoast Research initiated coverage on W.W. Grainger in a research note on Tuesday, October 29th. They set a "neutral" rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $1,109.00.

W.W. Grainger Stock Down 0.0 %

Shares of W.W. Grainger stock traded down $0.53 during trading on Friday, hitting $1,205.34. 126,632 shares of the stock traded hands, compared to its average volume of 219,870. The stock has a market cap of $58.70 billion, a P/E ratio of 32.67, a PEG ratio of 3.33 and a beta of 1.15. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.59. W.W. Grainger, Inc. has a twelve month low of $775.00 and a twelve month high of $1,227.66. The company has a fifty day moving average price of $1,117.48 and a two-hundred day moving average price of $1,006.28.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $9.87 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same period in the previous year, the business posted $9.43 earnings per share. The firm's revenue was up 4.3% on a year-over-year basis. Equities research analysts predict that W.W. Grainger, Inc. will post 38.92 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently disclosed 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 dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, November 8th. W.W. Grainger's payout ratio is 22.23%.

W.W. Grainger Profile

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.