Mutual of America Capital Management LLC Has $5.68 Million Position in W.W. Grainger, Inc. (NYSE:GWW)

Mutual of America Capital Management LLC trimmed its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 9.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,471 shares of the industrial products company’s stock after selling 596 shares during the quarter. Mutual of America Capital Management LLC’s holdings in W.W. Grainger were worth $5,683,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in shares of W.W. Grainger by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 360,026 shares of the industrial products company’s stock worth $324,841,000 after buying an additional 17,699 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in W.W. Grainger during the 2nd quarter worth $281,104,000. Hsbc Holdings PLC increased its holdings in W.W. Grainger by 0.8% in the 2nd quarter. Hsbc Holdings PLC now owns 243,470 shares of the industrial products company’s stock worth $219,386,000 after purchasing an additional 1,849 shares in the last quarter. Swedbank AB increased its holdings in W.W. Grainger by 23.5% in the 3rd quarter. Swedbank AB now owns 193,888 shares of the industrial products company’s stock worth $201,413,000 after purchasing an additional 36,892 shares in the last quarter. Finally, abrdn plc boosted its stake in shares of W.W. Grainger by 2.4% during the third quarter. abrdn plc now owns 171,576 shares of the industrial products company’s stock valued at $178,172,000 after purchasing an additional 4,014 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

GWW has been the subject of several recent research reports. Oppenheimer downgraded W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. Robert W. Baird raised shares of 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 note on Wednesday, October 16th. Northcoast Research initiated coverage on shares of W.W. Grainger in a report on Tuesday, October 29th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. increased their price objective on W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, UBS Group started coverage on W.W. Grainger in a report on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $1,109.00.

Insider Activity

In related news, CFO Deidra C. Merriwether sold 704 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $1,105.59, for a total value of $778,335.36. Following the transaction, the chief financial officer now directly owns 9,509 shares in the company, valued at $10,513,055.31. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Donald G. Macpherson sold 27,502 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,000.82, for a total transaction of $27,524,551.64. Following the sale, the chief executive officer now owns 111,559 shares of the company’s stock, valued at $111,650,478.38. This trade represents a 19.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,900 shares of company stock worth $52,640,733 in the last three months. Company insiders own 9.50% of the company’s stock.

W.W. Grainger Trading Up 0.0 %

Shares of GWW stock opened at $1,172.40 on Wednesday. W.W. Grainger, Inc. has a fifty-two week low of $772.13 and a fifty-two week high of $1,227.66. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.59. The stock has a 50 day simple moving average of $1,086.44 and a two-hundred day simple moving average of $992.40. The company has a market cap of $57.10 billion, a P/E ratio of 31.78, a PEG ratio of 3.25 and a beta of 1.15.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing the consensus estimate of $9.98 by ($0.11). W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same period last year, the business earned $9.43 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Research analysts forecast that W.W. Grainger, Inc. will post 38.92 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Monday, November 11th will be given a dividend of $2.05 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.70%. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.23%.

W.W. Grainger Company Profile

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.