Mutual of America Capital Management LLC Sells 196 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Mutual of America Capital Management LLC lessened its stake in W.W. Grainger, Inc. (NYSE:GWWFree Report) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,775 shares of the industrial products company’s stock after selling 196 shares during the quarter. Mutual of America Capital Management LLC’s holdings in W.W. Grainger were worth $4,687,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GWW. Horizon Bancorp Inc. IN lifted its holdings in W.W. Grainger by 400.0% during the 2nd quarter. Horizon Bancorp Inc. IN now owns 35 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 28 shares during the last quarter. OFI Invest Asset Management acquired a new stake in W.W. Grainger during the 3rd quarter valued at $25,000. Coppell Advisory Solutions LLC acquired a new stake in W.W. Grainger during the 2nd quarter valued at $34,000. Clear Street Markets LLC acquired a new stake in W.W. Grainger during the 4th quarter valued at $26,000. Finally, Cornerstone Planning Group LLC acquired a new stake in W.W. Grainger during the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 71.24% of the company’s stock.

Analysts Set New Price Targets

GWW has been the subject of several research reports. Oppenheimer raised their price target on W.W. Grainger from $800.00 to $930.00 and gave the company an “outperform” rating in a report on Wednesday, January 3rd. Royal Bank of Canada boosted their target price on shares of W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a research report on Monday, February 5th. Jefferies Financial Group cut shares of W.W. Grainger from a “buy” rating to a “hold” rating and set a $825.00 target price for the company. in a research report on Wednesday, December 20th. JPMorgan Chase & Co. boosted their target price on shares of W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Finally, Stephens boosted their target price on shares of W.W. Grainger from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $842.22.

Get Our Latest Research Report on W.W. Grainger

W.W. Grainger Stock Down 1.2 %

GWW stock opened at $947.21 on Tuesday. The company has a market cap of $47.01 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13. The business has a 50-day simple moving average of $855.47 and a 200 day simple moving average of $772.73. W.W. Grainger, Inc. has a 52 week low of $625.97 and a 52 week high of $978.95. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.66.

W.W. Grainger (NYSE:GWWGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, beating analysts’ consensus estimates of $8.05 by $0.28. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.04 billion. W.W. Grainger had a return on equity of 56.54% and a net margin of 11.10%. W.W. Grainger’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.14 earnings per share. Sell-side analysts anticipate that W.W. Grainger, Inc. will post 39.24 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Monday, February 12th will be paid a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 0.79%. The ex-dividend date is Friday, February 9th. W.W. Grainger’s payout ratio is 20.55%.

Insiders Place Their Bets

In other W.W. Grainger news, CEO Donald G. Macpherson sold 2,478 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $788.68, for a total transaction of $1,954,349.04. Following the completion of the transaction, the chief executive officer now owns 90,145 shares of the company’s stock, valued at $71,095,558.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Donald G. Macpherson sold 2,478 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $788.68, for a total transaction of $1,954,349.04. Following the sale, the chief executive officer now directly owns 90,145 shares in the company, valued at $71,095,558.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Laurie R. Thomson sold 250 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $801.50, for a total value of $200,375.00. Following the sale, the vice president now owns 911 shares in the company, valued at $730,166.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,850 shares of company stock valued at $5,121,311. 9.90% of the stock is currently owned by corporate insiders.

About W.W. Grainger

(Free Report)

W.W. Grainger, Inc distributes maintenance, repair, and operating products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.

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

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