W.W. Grainger, Inc. (NYSE:GWW) Shares Sold by Mattern Wealth Management LLC

Mattern Wealth Management LLC decreased its stake in W.W. Grainger, Inc. (NYSE:GWW) by 27.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 239 shares of the industrial products company’s stock after selling 89 shares during the quarter. Mattern Wealth Management LLC’s holdings in W.W. Grainger were worth $252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. HWG Holdings LP acquired a new position in W.W. Grainger in the 2nd quarter valued at $26,000. GHP Investment Advisors Inc. increased its position in W.W. Grainger by 250.0% during the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 20 shares during the last quarter. AlphaMark Advisors LLC acquired a new position in W.W. Grainger in the 4th quarter valued at about $37,000. Larson Financial Group LLC increased its holdings in shares of W.W. Grainger by 111.1% during the 3rd quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock worth $40,000 after buying an additional 20 shares during the last quarter. Finally, Fortitude Family Office LLC raised its position in shares of W.W. Grainger by 38.9% during the 3rd quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company’s stock valued at $52,000 after buying an additional 14 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GWW shares. Bank of America assumed coverage on shares of W.W. Grainger in a research report on Monday, October 7th. They issued an “underperform” rating and a $925.00 target price on the stock. UBS Group started coverage on W.W. Grainger in a research note on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 target price on the stock. Royal Bank of Canada increased their price target on shares of W.W. Grainger from $1,018.00 to $1,125.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Loop Capital increased their price target on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Finally, Northcoast Research started coverage on shares of W.W. Grainger in a research note on Tuesday, October 29th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,140.56.

W.W. Grainger Trading Up 0.9 %

NYSE:GWW opened at $1,131.99 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.59. W.W. Grainger, Inc. has a 1 year low of $874.98 and a 1 year high of $1,227.66. The stock has a fifty day moving average price of $1,124.86 and a two-hundred day moving average price of $1,061.60. The stock has a market capitalization of $55.13 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 2.88 and a beta of 1.18.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $9.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.98 by ($0.11). The business had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. W.W. Grainger’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $9.43 EPS. As a group, sell-side analysts anticipate that W.W. Grainger, Inc. will post 38.95 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 11th were issued a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Friday, November 8th. W.W. Grainger’s dividend payout ratio is currently 22.23%.

Insider Buying and Selling

In other W.W. Grainger news, VP Paige K. Robbins sold 9,577 shares of W.W. Grainger stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the sale, the vice president now owns 4,379 shares of the company’s stock, valued at $4,895,021.36. The trade was a 68.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Laurie R. Thomson sold 125 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the transaction, the vice president now owns 675 shares in the company, valued at $814,070.25. This represents a 15.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,406 shares of company stock worth $11,634,643. Corporate insiders own 9.50% of the company’s stock.

About W.W. Grainger

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.