Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stake in W.W. Grainger, Inc. (GWW)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 12.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,014 shares of the industrial products company’s stock after purchasing an additional 1,774 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in W.W. Grainger were worth $2,879,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Exane Derivatives acquired a new position in W.W. Grainger during the third quarter worth $101,000. Salem Investment Counselors Inc. grew its holdings in W.W. Grainger by 1.0% during the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 6 shares during the period. Chicago Partners Investment Group LLC grew its holdings in W.W. Grainger by 18,650.0% during the second quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock worth $155,000 after acquiring an additional 746 shares during the period. Enterprise Financial Services Corp grew its holdings in W.W. Grainger by 80.8% during the second quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 403 shares during the period. Finally, Legacy Advisors LLC acquired a new position in W.W. Grainger during the third quarter worth $198,000. Institutional investors and hedge funds own 85.21% of the company’s stock.

A number of research analysts recently weighed in on GWW shares. Zacks Investment Research lowered W.W. Grainger from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Atlantic Securities raised W.W. Grainger from an “underweight” rating to a “neutral” rating in a report on Thursday, October 19th. Royal Bank Of Canada upped their target price on W.W. Grainger from $146.00 to $148.00 and gave the company an “underperform” rating in a report on Tuesday, November 7th. Oppenheimer reaffirmed a “buy” rating and set a $245.00 price objective on shares of W.W. Grainger in a research note on Monday, November 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $178.00 price objective (up previously from $165.00) on shares of W.W. Grainger in a research note on Monday, October 9th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $191.23.

In related news, VP Eric R. Tapia sold 190 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $208.26, for a total value of $39,569.40. Following the sale, the vice president now owns 3,748 shares of the company’s stock, valued at approximately $780,558.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Paige K. Robbins sold 346 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $202.31, for a total value of $69,999.26. Following the completion of the sale, the vice president now directly owns 8,400 shares in the company, valued at approximately $1,699,404. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,536 shares of company stock valued at $4,741,329. Insiders own 9.60% of the company’s stock.

W.W. Grainger, Inc. (NYSE GWW) traded down $5.28 during mid-day trading on Wednesday, hitting $221.43. The stock had a trading volume of 1,691,003 shares, compared to its average volume of 952,180. W.W. Grainger, Inc. has a fifty-two week low of $155.00 and a fifty-two week high of $262.71. The company has a current ratio of 2.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $12,963.68, a price-to-earnings ratio of 20.74, a P/E/G ratio of 2.19 and a beta of 0.82.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.34. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the firm earned $3.06 EPS. W.W. Grainger’s quarterly revenue was up 1.5% on a year-over-year basis. research analysts expect that W.W. Grainger, Inc. will post 10.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 13th were given a $1.28 dividend. The ex-dividend date was Friday, November 10th. This represents a $5.12 annualized dividend and a dividend yield of 2.31%. W.W. Grainger’s payout ratio is 60.95%.

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About W.W. Grainger

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

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

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