IFP Advisors Inc Trims Stake in W W Grainger Inc (GWW)

IFP Advisors Inc reduced its position in shares of W W Grainger Inc (NYSE:GWW) by 27.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 606 shares of the industrial products company’s stock after selling 224 shares during the period. IFP Advisors Inc’s holdings in W W Grainger were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Sun Life Financial INC lifted its stake in shares of W W Grainger by 60.4% in the second quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 154 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of W W Grainger in the second quarter worth approximately $178,000. Global Financial Private Capital LLC acquired a new position in shares of W W Grainger in the second quarter worth approximately $203,000. Mitchell Mcleod Pugh & Williams Inc. acquired a new position in shares of W W Grainger in the third quarter worth approximately $204,000. Finally, Balasa Dinverno & Foltz LLC acquired a new position in shares of W W Grainger in the second quarter worth approximately $211,000. Institutional investors own 75.28% of the company’s stock.

Shares of GWW opened at $293.02 on Friday. The company has a current ratio of 2.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.02. W W Grainger Inc has a 52-week low of $191.39 and a 52-week high of $372.06. The company has a market capitalization of $16.20 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 1.42 and a beta of 1.06.

W W Grainger (NYSE:GWW) last issued its earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.23. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the firm earned $2.79 earnings per share. W W Grainger’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts predict that W W Grainger Inc will post 16.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Monday, November 12th will be given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Thursday, November 8th. W W Grainger’s payout ratio is 47.47%.

In other news, Director Brian P. Anderson sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $360.18, for a total transaction of $360,180.00. Following the transaction, the director now directly owns 4,040 shares of the company’s stock, valued at $1,455,127.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John L. Howard sold 14,990 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $368.20, for a total value of $5,519,318.00. Following the transaction, the vice president now directly owns 58,207 shares in the company, valued at $21,431,817.40. The disclosure for this sale can be found here. 10.10% of the stock is owned by corporate insiders.

A number of research firms recently commented on GWW. Longbow Research reaffirmed a “hold” rating on shares of W W Grainger in a research note on Wednesday, October 17th. Oppenheimer cut their price objective on W W Grainger from $410.00 to $365.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 17th. BMO Capital Markets cut their price objective on W W Grainger from $332.00 to $330.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 17th. ValuEngine lowered W W Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Gordon Haskett began coverage on W W Grainger in a research note on Friday, October 12th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $308.43.

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W W Grainger Company Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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

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