Swedbank AB Has $201.41 Million Position in W.W. Grainger, Inc. (NYSE:GWW)

Swedbank AB raised its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 23.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 193,888 shares of the industrial products company’s stock after purchasing an additional 36,892 shares during the quarter. Swedbank AB owned 0.40% of W.W. Grainger worth $201,413,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of GWW. Integrated Advisors Network LLC acquired a new stake in shares of W.W. Grainger in the 4th quarter valued at $201,000. Syon Capital LLC boosted its holdings in shares of W.W. Grainger by 35.3% in the 4th quarter. Syon Capital LLC now owns 541 shares of the industrial products company’s stock valued at $448,000 after purchasing an additional 141 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in shares of W.W. Grainger in the 4th quarter valued at $28,000. Wellington Management Group LLP boosted its holdings in shares of W.W. Grainger by 45.6% in the 4th quarter. Wellington Management Group LLP now owns 9,443 shares of the industrial products company’s stock valued at $7,825,000 after purchasing an additional 2,958 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of W.W. Grainger by 46.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 1,395 shares of the industrial products company’s stock valued at $1,156,000 after purchasing an additional 440 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insider Activity at W.W. Grainger

In related news, CEO Donald G. Macpherson sold 27,502 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the completion of the sale, the chief executive officer now directly owns 111,559 shares of the company’s stock, valued at $111,650,478.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of W.W. Grainger stock in a transaction dated 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 owns 111,559 shares in the company, valued at approximately $111,650,478.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Donald G. Macpherson sold 12,992 shares of W.W. Grainger stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the transaction, the chief executive officer now owns 98,567 shares of the company’s stock, valued at $102,281,004.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GWW shares. Morgan Stanley started coverage on W.W. Grainger in a report on Friday, September 6th. They issued an “equal weight” rating and a $990.00 target price on the stock. Royal Bank of Canada cut their price objective on W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. Wolfe Research raised W.W. Grainger to a “hold” rating in a report on Sunday, September 22nd. Bank of America started coverage on W.W. Grainger in a report on Monday, October 7th. They set an “underperform” rating and a $925.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price objective on W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,005.20.

W.W. Grainger Trading Down 0.6 %

Shares of GWW stock traded down $7.05 during mid-day trading on Tuesday, hitting $1,091.32. The company’s stock had a trading volume of 135,782 shares, compared to its average volume of 235,504. The company’s fifty day simple moving average is $997.00 and its 200-day simple moving average is $960.84. W.W. Grainger, Inc. has a 52 week low of $674.41 and a 52 week high of $1,106.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.30. The company has a market cap of $53.55 billion, a PE ratio of 30.32, a P/E/G ratio of 2.88 and a beta of 1.16.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $9.76 earnings per share for the quarter, topping the consensus estimate of $9.58 by $0.18. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the company posted $9.28 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts expect that W.W. Grainger, Inc. will post 38.65 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Monday, August 12th were given a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Monday, August 12th. 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.