Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 169,872 shares of the industrial products company’s stock after purchasing an additional 1,823 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.30% of W.W. Grainger worth $30,534,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Exane Derivatives purchased a new stake in W.W. Grainger during the third quarter worth $101,000. Salem Investment Counselors Inc. boosted its position in W.W. Grainger by 1.0% during the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 6 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in W.W. Grainger by 18,650.0% during the second quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 746 shares in the last quarter. Enterprise Financial Services Corp boosted its position in W.W. Grainger by 80.8% during the second quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 403 shares in the last quarter. Finally, Legacy Advisors LLC purchased a new stake in W.W. Grainger during the third quarter worth $198,000. Hedge funds and other institutional investors own 86.01% of the company’s stock.

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In other W.W. Grainger news, VP Paige K. Robbins sold 346 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $202.31, for a total transaction of $69,999.26. Following the completion of the sale, the vice president now directly owns 8,400 shares in the company, valued at $1,699,404. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Eric R. Tapia sold 190 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $208.26, for a total value of $39,569.40. Following the sale, the vice president now owns 3,748 shares of the company’s stock, valued at $780,558.48. The disclosure for this sale can be found here. Corporate insiders own 9.60% of the company’s stock.

W.W. Grainger, Inc. (NYSE:GWW) traded up $0.77 during trading on Friday, reaching $200.40. The company had a trading volume of 378,600 shares, compared to its average volume of 947,777. The firm has a market capitalization of $11,460.00, a price-to-earnings ratio of 18.27, a P/E/G ratio of 1.93 and a beta of 0.77. W.W. Grainger, Inc. has a 52-week low of $155.00 and a 52-week high of $262.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.28 and a quick ratio of 1.28.

W.W. Grainger (NYSE:GWW) last released its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.56 by $0.34. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.65 billion. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.06 earnings per share. equities research analysts forecast that W.W. Grainger, Inc. will post 10.71 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be paid a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $5.12 annualized dividend and a yield of 2.55%. W.W. Grainger’s dividend payout ratio is presently 60.74%.

Several analysts have recently issued reports on the company. Royal Bank Of Canada restated a “sell” rating and issued a $145.00 price objective on shares of W.W. Grainger in a research report on Wednesday, September 6th. Zacks Investment Research downgraded W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. BMO Capital Markets restated a “market perform” rating and issued a $178.00 price objective (up from $165.00) on shares of W.W. Grainger in a research report on Monday, October 9th. Morgan Stanley set a $185.00 price objective on W.W. Grainger and gave the company a “sell” rating in a research report on Wednesday, October 18th. Finally, Atlantic Securities upgraded W.W. Grainger from an “underweight” rating to a “neutral” rating in a research report on Thursday, October 19th. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. W.W. Grainger presently has an average rating of “Hold” and a consensus target price of $191.23.

About W.W. Grainger

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

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

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