Glenmede Trust Co. NA Sells 288 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Glenmede Trust Co. NA cut its position in W.W. Grainger, Inc. (NYSE:GWW) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,961 shares of the industrial products company’s stock after selling 288 shares during the quarter. Glenmede Trust Co. NA’s holdings in W.W. Grainger were worth $8,270,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GWW. HWG Holdings LP acquired a new stake in W.W. Grainger during the 2nd quarter worth approximately $26,000. GHP Investment Advisors Inc. lifted its holdings in shares of 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 period. Larson Financial Group LLC grew its stake in shares of W.W. Grainger by 111.1% in the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 20 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in W.W. Grainger in the second quarter valued at $42,000. Finally, Fortitude Family Office LLC lifted its holdings in 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 worth $52,000 after buying an additional 14 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Price Performance

Shares of GWW opened at $1,206.50 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average is $1,113.99 and its 200 day moving average is $1,004.11. W.W. Grainger, Inc. has a 12-month low of $775.00 and a 12-month high of $1,227.66. The stock has a market cap of $58.76 billion, a P/E ratio of 32.71, a P/E/G ratio of 3.33 and a beta of 1.15.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share for the quarter, missing analysts’ consensus estimates of $9.98 by ($0.11). The business had revenue of $4.39 billion during 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%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.43 EPS. Sell-side analysts anticipate that W.W. Grainger, Inc. will post 38.92 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Monday, November 11th will be issued a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, November 8th. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.23%.

Insiders Place Their Bets

In other W.W. Grainger news, VP Paige K. Robbins sold 9,577 shares of W.W. Grainger stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $1,117.84, for a total value of $10,705,553.68. Following the sale, the vice president now owns 4,379 shares of the company’s stock, valued at approximately $4,895,021.36. The trade was a 68.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Laurie R. Thomson sold 125 shares of the 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 directly owns 675 shares of the company’s stock, valued at $814,070.25. This represents a 15.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,900 shares of company stock valued at $52,640,733. Corporate insiders own 9.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Oppenheimer cut W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. UBS Group assumed coverage on shares of W.W. Grainger in a report on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price target for the company. Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a research note on Sunday, September 22nd. Loop Capital upped their price target on shares of 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, Morgan Stanley increased their price target on W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, W.W. Grainger has an average rating of “Hold” and a consensus target price of $1,109.00.

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.