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

Mutual of America Capital Management LLC lessened its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,067 shares of the industrial products company’s stock after selling 205 shares during the quarter. Mutual of America Capital Management LLC’s holdings in W.W. Grainger were worth $5,474,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. raised its holdings in W.W. Grainger by 11.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 625 shares of the industrial products company’s stock worth $518,000 after buying an additional 65 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of W.W. Grainger by 5.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the industrial products company’s stock valued at $168,000 after acquiring an additional 11 shares during the period. Ontario Teachers Pension Plan Board purchased a new stake in shares of W.W. Grainger in the 4th quarter valued at approximately $235,000. Cambridge Investment Research Advisors Inc. boosted its stake in W.W. Grainger by 71.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 5,889 shares of the industrial products company’s stock worth $4,881,000 after purchasing an additional 2,456 shares during the period. Finally, Commerce Bank grew its position in W.W. Grainger by 10.7% during the 4th quarter. Commerce Bank now owns 6,482 shares of the industrial products company’s stock worth $5,372,000 after purchasing an additional 629 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on GWW shares. Erste Group Bank reaffirmed a “hold” rating on shares of W.W. Grainger in a research report on Friday, June 14th. Morgan Stanley initiated coverage on W.W. Grainger in a research note on Friday, September 6th. They set an “equal weight” rating and a $990.00 target price on the stock. JPMorgan Chase & Co. increased their price target on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Royal Bank of Canada lowered their price objective on shares of W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Finally, Baird R W downgraded shares of W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $1,014.11.

Insider Buying and Selling at W.W. Grainger

In other news, CEO Donald G. Macpherson sold 27,502 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 111,559 shares in the company, valued at $111,650,478.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 9.50% of the company’s stock.

W.W. Grainger Trading Up 0.2 %

Shares of GWW stock opened at $1,032.22 on Friday. W.W. Grainger, Inc. has a 12 month low of $674.41 and a 12 month high of $1,037.23. The company has a market cap of $50.65 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 1.96 and a beta of 1.16. The company has a quick ratio of 1.40, a current ratio of 2.30 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $967.95 and its two-hundred day moving average is $956.10.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.58 by $0.18. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the business posted $9.28 EPS. W.W. Grainger’s revenue was up 3.1% compared to the same quarter last year. Equities analysts predict that W.W. Grainger, Inc. will post 38.75 EPS for the current year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Monday, August 12th were paid a dividend of $2.05 per share. The ex-dividend date was Monday, August 12th. This represents a $8.20 annualized dividend and a yield of 0.79%. W.W. Grainger’s payout ratio is 22.64%.

W.W. Grainger Company 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.