Keybank National Association OH Decreases Holdings in W W Grainger Inc (NYSE:GWW)

Keybank National Association OH cut its holdings in shares of W W Grainger Inc (NYSE:GWW) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,521 shares of the industrial products company’s stock after selling 534 shares during the quarter. Keybank National Association OH’s holdings in W W Grainger were worth $5,206,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Longview Partners Guernsey LTD increased its stake in shares of W W Grainger by 20.7% in the second quarter. Longview Partners Guernsey LTD now owns 4,113,145 shares of the industrial products company’s stock worth $1,103,269,000 after buying an additional 704,783 shares during the period. BlackRock Inc. increased its stake in shares of W W Grainger by 1.8% in the second quarter. BlackRock Inc. now owns 3,321,702 shares of the industrial products company’s stock worth $890,979,000 after buying an additional 58,248 shares during the period. Nuveen Asset Management LLC increased its stake in shares of W W Grainger by 25,367.8% in the second quarter. Nuveen Asset Management LLC now owns 1,215,578 shares of the industrial products company’s stock worth $326,055,000 after buying an additional 1,210,805 shares during the period. Mackenzie Financial Corp increased its stake in shares of W W Grainger by 25.2% in the second quarter. Mackenzie Financial Corp now owns 902,724 shares of the industrial products company’s stock worth $242,138,000 after buying an additional 181,743 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of W W Grainger by 6.2% in the second quarter. Bank of America Corp DE now owns 740,780 shares of the industrial products company’s stock worth $198,699,000 after buying an additional 43,437 shares during the period. 73.83% of the stock is currently owned by hedge funds and other institutional investors.

W W Grainger stock traded up $4.19 during mid-day trading on Friday, reaching $324.92. 319,096 shares of the company traded hands, compared to its average volume of 454,744. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.16 and a quick ratio of 1.19. The firm’s 50 day moving average price is $303.99 and its 200 day moving average price is $281.71. The firm has a market capitalization of $17.37 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 1.68 and a beta of 0.96. W W Grainger Inc has a 52-week low of $255.09 and a 52-week high of $325.10.

W W Grainger (NYSE:GWW) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.40 by ($0.14). The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.94 billion. W W Grainger had a net margin of 8.38% and a return on equity of 46.07%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.19 earnings per share. On average, sell-side analysts anticipate that W W Grainger Inc will post 17.46 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Monday, November 11th will be given a dividend of $1.44 per share. This represents a $5.76 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Thursday, November 7th. W W Grainger’s payout ratio is currently 34.49%.

Several research analysts recently commented on GWW shares. JPMorgan Chase & Co. lifted their target price on shares of W W Grainger from $297.00 to $301.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Robert W. Baird lifted their target price on shares of W W Grainger from $320.00 to $340.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Gabelli reaffirmed a “hold” rating on shares of W W Grainger in a research note on Friday, July 26th. Buckingham Research lifted their target price on shares of W W Grainger from $325.00 to $329.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, ValuEngine raised shares of W W Grainger from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $296.98.

In other W W Grainger news, VP Paige K. Robbins sold 340 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $318.32, for a total transaction of $108,228.80. Following the transaction, the vice president now directly owns 9,914 shares of the company’s stock, valued at approximately $3,155,824.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Eric R. Tapia sold 865 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $319.52, for a total transaction of $276,384.80. Following the transaction, the vice president now directly owns 3,276 shares in the company, valued at $1,046,747.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,921 shares of company stock worth $3,965,960. Insiders own 8.50% of the company’s stock.

About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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

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