NBT Bank N A NY trimmed its holdings in W W Grainger Inc (NYSE:GWW) by 2.5% in the third quarter, HoldingsChannel reports. The firm owned 6,915 shares of the industrial products company’s stock after selling 175 shares during the quarter. NBT Bank N A NY’s holdings in W W Grainger were worth $2,472,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GWW. FMR LLC boosted its holdings in W W Grainger by 94.6% in the second quarter. FMR LLC now owns 1,386,729 shares of the industrial products company’s stock valued at $427,667,000 after purchasing an additional 673,993 shares in the last quarter. Cornerstone Wealth Management LLC boosted its holdings in shares of W W Grainger by 34,096.9% in the second quarter. Cornerstone Wealth Management LLC now owns 445,586 shares of the industrial products company’s stock valued at $1,454,000 after acquiring an additional 444,283 shares during the period. Voya Investment Management LLC boosted its holdings in shares of W W Grainger by 680.6% in the second quarter. Voya Investment Management LLC now owns 239,514 shares of the industrial products company’s stock valued at $73,866,000 after acquiring an additional 208,829 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in shares of W W Grainger by 32.5% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 759,809 shares of the industrial products company’s stock valued at $271,563,000 after acquiring an additional 186,332 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of W W Grainger by 92.6% in the second quarter. Morgan Stanley now owns 325,769 shares of the industrial products company’s stock valued at $100,468,000 after acquiring an additional 156,607 shares during the period. 75.99% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on GWW shares. Longbow Research reissued a “hold” rating on shares of W W Grainger in a report on Wednesday, October 17th. ValuEngine downgraded W W Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Gordon Haskett started coverage on W W Grainger in a report on Friday, October 12th. They issued a “hold” rating for the company. UBS Group increased their price objective on W W Grainger from $340.00 to $365.00 and gave the company a “hold” rating in a report on Thursday, August 30th. Finally, BMO Capital Markets decreased their price objective on W W Grainger from $332.00 to $330.00 and set a “market perform” rating for the company in a report on Wednesday, October 17th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $308.43.

Shares of NYSE GWW opened at $312.96 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 1.44. W W Grainger Inc has a 1-year low of $196.78 and a 1-year high of $372.06. The firm has a market cap of $17.49 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.54 and a beta of 1.06.

W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the company earned $2.79 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, sell-side analysts predict that W W Grainger Inc will post 16.29 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Investors 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 1.74%. The ex-dividend date is Thursday, November 8th. W W Grainger’s dividend payout ratio is presently 47.47%.

In other W W Grainger news, VP John L. Howard sold 14,990 shares of the stock in a transaction 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 completion of the transaction, the vice president now owns 58,207 shares in the company, valued at $21,431,817.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.10% of the stock is owned by company insiders.

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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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