W.W. Grainger, Inc. (NYSE:GWW) Stock Position Lessened by Nicollet Investment Management Inc.

Share on StockTwits

Nicollet Investment Management Inc. decreased its stake in W.W. Grainger, Inc. (NYSE:GWW) by 0.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,885 shares of the industrial products company’s stock after selling 93 shares during the quarter. W.W. Grainger accounts for about 2.1% of Nicollet Investment Management Inc.’s investment portfolio, making the stock its 11th largest holding. Nicollet Investment Management Inc.’s holdings in W.W. Grainger were worth $4,240,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its position in W.W. Grainger by 0.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,195 shares of the industrial products company’s stock worth $1,004,000 after buying an additional 30 shares in the last quarter. National Asset Management Inc. boosted its holdings in shares of W.W. Grainger by 2.8% in the 3rd quarter. National Asset Management Inc. now owns 1,207 shares of the industrial products company’s stock valued at $432,000 after purchasing an additional 33 shares in the last quarter. Harfst & Associates Inc. boosted its holdings in shares of W.W. Grainger by 3.7% in the 3rd quarter. Harfst & Associates Inc. now owns 956 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 34 shares in the last quarter. Birmingham Capital Management Co. Inc. AL boosted its holdings in shares of W.W. Grainger by 0.5% in the 2nd quarter. Birmingham Capital Management Co. Inc. AL now owns 6,785 shares of the industrial products company’s stock valued at $2,132,000 after purchasing an additional 35 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in shares of W.W. Grainger by 0.7% in the 3rd quarter. Xponance Inc. now owns 5,198 shares of the industrial products company’s stock valued at $1,854,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 72.27% of the company’s stock.

W.W. Grainger stock traded down $13.56 during mid-day trading on Friday, hitting $409.30. The company’s stock had a trading volume of 417,585 shares, compared to its average volume of 351,823. The firm’s 50 day moving average is $379.14 and its 200 day moving average is $339.82. The company has a market cap of $21.97 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.97 and a quick ratio of 1.73. W.W. Grainger, Inc. has a 52-week low of $200.61 and a 52-week high of $424.08.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Thursday, October 22nd. The industrial products company reported $4.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.13 by $0.39. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.98 billion. W.W. Grainger had a return on equity of 41.31% and a net margin of 5.37%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $4.26 EPS. As a group, analysts forecast that W.W. Grainger, Inc. will post 16.3 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 9th will be paid a $1.53 dividend. This represents a $6.12 annualized dividend and a yield of 1.50%. The ex-dividend date is Friday, November 6th. W.W. Grainger’s dividend payout ratio is currently 35.40%.

In related news, Director Susan Slavik Williams sold 67,000 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $348.98, for a total value of $23,381,660.00. Following the sale, the director now owns 4,810,153 shares of the company’s stock, valued at approximately $1,678,647,193.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Paige K. Robbins sold 2,790 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $367.68, for a total value of $1,025,827.20. Over the last three months, insiders sold 84,699 shares of company stock valued at $29,715,837. Company insiders own 13.97% of the company’s stock.

A number of equities research analysts have weighed in on the company. UBS Group raised their target price on W.W. Grainger from $425.00 to $465.00 and gave the company a “buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on W.W. Grainger from $399.00 to $419.00 and gave the company a “hold” rating in a report on Friday, November 13th. Stephens began coverage on W.W. Grainger in a research note on Thursday, October 15th. They issued an “equal weight” rating for the company. William Blair cut W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, Raymond James increased their price target on W.W. Grainger from $390.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. W.W. Grainger currently has an average rating of “Hold” and an average target price of $359.14.

About W.W. Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, 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.

Read More: Mutual Funds

Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.W. Grainger, Inc. (NYSE:GWW).

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

Receive News & Ratings for W.W. Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.W. Grainger and related companies with MarketBeat.com's FREE daily email newsletter.