Peninsula Asset Management Inc. Cuts Holdings in W W Grainger Inc (NYSE:GWW)

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Peninsula Asset Management Inc. lowered its stake in W W Grainger Inc (NYSE:GWW) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,073 shares of the industrial products company’s stock after selling 214 shares during the period. W W Grainger accounts for about 1.4% of Peninsula Asset Management Inc.’s holdings, making the stock its 28th largest holding. Peninsula Asset Management Inc.’s holdings in W W Grainger were worth $2,102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of GWW. Nuveen Asset Management LLC grew its stake in shares of W W Grainger by 25,367.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,215,578 shares of the industrial products company’s stock worth $326,055,000 after buying an additional 1,210,805 shares during the last quarter. Longview Partners Guernsey LTD grew its stake in shares of W W Grainger by 20.7% in the 2nd quarter. Longview Partners Guernsey LTD now owns 4,113,145 shares of the industrial products company’s stock worth $1,103,269,000 after buying an additional 704,783 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of W W Grainger by 25.2% in the 2nd quarter. Mackenzie Financial Corp now owns 902,724 shares of the industrial products company’s stock worth $242,138,000 after buying an additional 181,743 shares during the last quarter. Parnassus Investments CA purchased a new stake in shares of W W Grainger in the 3rd quarter worth approximately $53,487,000. Finally, Eagle Asset Management Inc. grew its stake in shares of W W Grainger by 53.3% in the 2nd quarter. Eagle Asset Management Inc. now owns 240,365 shares of the industrial products company’s stock worth $64,473,000 after buying an additional 83,606 shares during the last quarter. Institutional investors own 72.06% of the company’s stock.

In related news, VP Paige K. Robbins sold 340 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $318.32, for a total value of $108,228.80. Following the transaction, the vice president now directly owns 9,914 shares of the company’s stock, valued at approximately $3,155,824.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Eric R. Tapia sold 865 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $319.52, for a total value of $276,384.80. Following the completion of the transaction, the vice president now directly owns 3,276 shares in the company, valued at $1,046,747.52. The disclosure for this sale can be found here. Insiders have sold a total of 12,921 shares of company stock worth $3,965,960 over the last three months. Insiders own 8.50% of the company’s stock.

Several analysts recently weighed in on the company. Buckingham Research upped their price target on W W Grainger from $295.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. upped their price target on W W Grainger from $297.00 to $301.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $291.78.

Shares of NYSE GWW traded up $4.29 during midday trading on Wednesday, hitting $316.87. 343,956 shares of the stock traded hands, compared to its average volume of 442,352. The firm has a 50-day moving average of $316.99 and a two-hundred day moving average of $286.34. The firm has a market capitalization of $17.02 billion, a P/E ratio of 18.97, a PEG ratio of 1.60 and a beta of 0.97. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.19 and a current ratio of 2.16. W W Grainger Inc has a one year low of $255.09 and a one year high of $327.76.

W W Grainger (NYSE:GWW) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.26 earnings per share for the quarter, missing the consensus estimate of $4.40 by ($0.14). The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.94 billion. W W Grainger had a net margin of 8.38% and a return on equity of 46.07%. W W Grainger’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $4.19 earnings per share. Equities analysts forecast that W W Grainger Inc will post 17.48 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 11th were issued a dividend of $1.44 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $5.76 annualized dividend and a dividend yield of 1.82%. W W Grainger’s payout ratio is 34.49%.

W W Grainger Company Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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

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