Skandinaviska Enskilda Banken AB publ Sells 8,267 Shares of W W Grainger Inc (GWW)

Skandinaviska Enskilda Banken AB publ lowered its stake in shares of W W Grainger Inc (NYSE:GWW) by 8.2% during the third quarter, HoldingsChannel.com reports. The fund owned 92,522 shares of the industrial products company’s stock after selling 8,267 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in W W Grainger were worth $33,068,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Financial Architects Inc increased its position in shares of W W Grainger by 1,195.7% during the third quarter. Financial Architects Inc now owns 298 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 275 shares during the period. Sun Life Financial INC increased its holdings in 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 valued at $126,000 after buying an additional 154 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in W W Grainger in the second quarter valued at $178,000. Global Financial Private Capital LLC purchased a new position in W W Grainger in the second quarter valued at $203,000. Finally, Mitchell Mcleod Pugh & Williams Inc. purchased a new position in W W Grainger in the third quarter valued at $204,000. 75.28% of the stock is currently owned by institutional investors and hedge funds.

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

Several equities analysts recently commented on GWW shares. Oppenheimer increased their target price on W W Grainger from $400.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, September 21st. Macquarie increased their target price on W W Grainger from $314.00 to $358.00 and gave the company a “neutral” rating in a report on Wednesday, August 22nd. Gordon Haskett started coverage on W W Grainger in a report on Friday, October 12th. They issued a “hold” rating on the stock. BMO Capital Markets dropped their target price on W W Grainger from $332.00 to $330.00 and set a “market perform” rating on the stock in a report on Wednesday, October 17th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of W W Grainger in a report on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $308.43.

Shares of GWW stock opened at $293.02 on Friday. The stock has a market cap of $16.20 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 1.42 and a beta of 1.06. W W Grainger Inc has a 1 year low of $191.39 and a 1 year high of $372.06. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.44 and a current ratio of 2.44.

W W Grainger (NYSE:GWW) last issued its quarterly earnings data on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.23. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.84 billion. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.79 earnings per share. Analysts predict that W W Grainger Inc will post 16.29 earnings per share for the current year.

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

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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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