Rhumbline Advisers Reduces Holdings in W.W. Grainger, Inc. (GWW)

Rhumbline Advisers lessened its position in W.W. Grainger, Inc. (NYSE:GWW) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,071 shares of the industrial products company’s stock after selling 8,132 shares during the period. Rhumbline Advisers owned approximately 0.20% of W.W. Grainger worth $20,684,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in W.W. Grainger by 2.0% during the second quarter. Vanguard Group Inc. now owns 5,549,453 shares of the industrial products company’s stock worth $1,001,844,000 after purchasing an additional 111,244 shares during the last quarter. Longview Partners Guernsey LTD raised its position in W.W. Grainger by 33.2% during the third quarter. Longview Partners Guernsey LTD now owns 5,001,477 shares of the industrial products company’s stock worth $899,015,000 after acquiring an additional 1,245,771 shares in the last quarter. BlackRock Inc. raised its position in W.W. Grainger by 1.7% during the second quarter. BlackRock Inc. now owns 3,476,970 shares of the industrial products company’s stock worth $627,699,000 after acquiring an additional 59,673 shares in the last quarter. State Street Corp raised its position in shares of W.W. Grainger by 5.4% in the second quarter. State Street Corp now owns 3,251,383 shares of the industrial products company’s stock valued at $586,971,000 after purchasing an additional 165,293 shares during the period. Finally, Northern Trust Corp raised its position in shares of W.W. Grainger by 20.0% in the second quarter. Northern Trust Corp now owns 1,288,602 shares of the industrial products company’s stock valued at $232,633,000 after purchasing an additional 214,775 shares during the period. 85.21% of the stock is owned by hedge funds and other institutional investors.

Shares of W.W. Grainger, Inc. (GWW) traded down $5.28 during trading on Wednesday, hitting $221.43. The stock had a trading volume of 1,691,003 shares, compared to its average volume of 952,180. W.W. Grainger, Inc. has a 12-month low of $155.00 and a 12-month high of $262.71. The stock has a market cap of $12,963.68, a PE ratio of 20.74, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. 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 (NYSE:GWW) last issued its 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 firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.65 billion. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.06 earnings per share. equities analysts expect that W.W. Grainger, Inc. will post 10.71 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were issued a $1.28 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $5.12 annualized dividend and a yield of 2.31%. W.W. Grainger’s dividend payout ratio is currently 60.95%.

In related news, VP Eric R. Tapia sold 190 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $208.26, for a total value of $39,569.40. Following the completion of the transaction, the vice president now owns 3,748 shares of the company’s stock, valued at approximately $780,558.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paige K. Robbins sold 346 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $202.31, for a total transaction of $69,999.26. Following the transaction, the vice president now owns 8,400 shares in the company, valued at approximately $1,699,404. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,536 shares of company stock valued at $4,741,329. 9.60% of the stock is owned by insiders.

Several equities analysts have recently weighed in on the stock. UBS lowered shares of W.W. Grainger from a “neutral” rating to a “sell” rating and increased their price objective for the company from $170.00 to $195.00 in a research report on Thursday, October 19th. Atlantic Securities raised shares of W.W. Grainger from an “underweight” rating to a “neutral” rating in a research report on Thursday, October 19th. Credit Suisse Group set a $172.00 price target on shares of W.W. Grainger and gave the stock a “sell” rating in a research report on Wednesday, October 18th. Morgan Stanley set a $185.00 price objective on shares of W.W. Grainger and gave the stock a “sell” rating in a research note on Wednesday, October 18th. Finally, Oppenheimer upgraded shares of W.W. Grainger from a “market perform” rating to an “outperform” rating and set a $245.00 price target on the stock in a research note on Wednesday, October 18th. Seven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $191.23.

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W.W. Grainger Profile

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.

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

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