Mattern Wealth Management LLC Sells 1,336 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Mattern Wealth Management LLC cut its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 80.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 328 shares of the industrial products company’s stock after selling 1,336 shares during the period. Mattern Wealth Management LLC’s holdings in W.W. Grainger were worth $341,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in shares of W.W. Grainger by 36.6% in the first quarter. Janus Henderson Group PLC now owns 9,506 shares of the industrial products company’s stock worth $9,664,000 after buying an additional 2,548 shares in the last quarter. ORG Partners LLC lifted its stake in W.W. Grainger by 1,201.6% in the 2nd quarter. ORG Partners LLC now owns 833 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 769 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in W.W. Grainger by 11.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 59,822 shares of the industrial products company’s stock valued at $60,857,000 after purchasing an additional 6,042 shares during the period. Cetera Advisors LLC grew its position in shares of W.W. Grainger by 576.3% during the 1st quarter. Cetera Advisors LLC now owns 5,559 shares of the industrial products company’s stock valued at $5,655,000 after purchasing an additional 4,737 shares in the last quarter. Finally, Diversified Trust Co increased its holdings in shares of W.W. Grainger by 280.4% in the second quarter. Diversified Trust Co now owns 2,621 shares of the industrial products company’s stock worth $2,365,000 after purchasing an additional 1,932 shares during the period. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at W.W. Grainger

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

Analysts Set New Price Targets

Several research firms recently commented on GWW. Bank of America began coverage on W.W. Grainger in a research report on Monday, October 7th. They set an “underperform” rating and a $925.00 target price for the company. Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a report on Sunday, September 22nd. Loop Capital lifted their price objective on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a report on Monday. Robert W. Baird upgraded W.W. Grainger from a “neutral” rating to an “outperform” rating and raised their price target for the company from $975.00 to $1,230.00 in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada cut their target price on W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1,043.20.

W.W. Grainger Trading Down 1.7 %

Shares of GWW traded down $19.18 during mid-day trading on Tuesday, hitting $1,101.18. 48,633 shares of the company’s stock traded hands, compared to its average volume of 234,270. The firm has a market capitalization of $54.03 billion, a P/E ratio of 30.35, a PEG ratio of 2.88 and a beta of 1.16. The business’s 50-day moving average price is $1,012.00 and its 200-day moving average price is $964.63. W.W. Grainger, Inc. has a 1 year low of $674.41 and a 1 year high of $1,129.92. The company has a quick ratio of 1.40, a current ratio of 2.30 and a debt-to-equity ratio of 0.50.

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

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Monday, August 12th were issued a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, August 12th. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.64%.

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.