W W Grainger Inc (NYSE:GWW) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund reduced its stake in shares of W W Grainger Inc (NYSE:GWW) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,234 shares of the industrial products company’s stock after selling 427 shares during the period. Texas Permanent School Fund’s holdings in W W Grainger were worth $2,447,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Oppenheimer & Co. Inc. raised its position in shares of W W Grainger by 17.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 945 shares of the industrial products company’s stock worth $281,000 after purchasing an additional 142 shares during the last quarter. California Public Employees Retirement System raised its position in shares of W W Grainger by 23.9% during the 3rd quarter. California Public Employees Retirement System now owns 113,067 shares of the industrial products company’s stock worth $33,598,000 after purchasing an additional 21,788 shares during the last quarter. State of Tennessee Treasury Department raised its position in shares of W W Grainger by 6.0% during the 3rd quarter. State of Tennessee Treasury Department now owns 10,970 shares of the industrial products company’s stock worth $3,260,000 after purchasing an additional 621 shares during the last quarter. Essex Savings Bank raised its position in shares of W W Grainger by 6.7% during the 3rd quarter. Essex Savings Bank now owns 944 shares of the industrial products company’s stock worth $281,000 after purchasing an additional 59 shares during the last quarter. Finally, Greatmark Investment Partners Inc. raised its position in shares of W W Grainger by 3.4% during the 3rd quarter. Greatmark Investment Partners Inc. now owns 21,417 shares of the industrial products company’s stock worth $6,364,000 after purchasing an additional 708 shares during the last quarter. Hedge funds and other institutional investors own 73.83% of the company’s stock.

In other news, VP Paige K. Robbins sold 340 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $318.32, for a total transaction of $108,228.80. Following the completion of the sale, the vice president now directly owns 9,914 shares of the company’s stock, valued at approximately $3,155,824.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eric R. Tapia sold 865 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $319.52, for a total transaction of $276,384.80. Following the sale, the vice president now directly owns 3,276 shares of the company’s stock, valued at $1,046,747.52. The disclosure for this sale can be found here. Insiders have sold a total of 12,921 shares of company stock valued at $3,965,960 over the last three months. Corporate insiders own 8.50% of the company’s stock.

Several analysts have commented on the stock. Robert W. Baird lifted their target price on shares of W W Grainger from $320.00 to $340.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Stephens lifted their target price on shares of W W Grainger from $292.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Buckingham Research lifted their target price on shares of W W Grainger from $325.00 to $329.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Zacks Investment Research raised shares of W W Grainger from a “sell” rating to a “hold” rating and set a $315.00 target price for the company in a research note on Friday, July 26th. Finally, ValuEngine raised shares of W W Grainger from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $296.98.

GWW stock opened at $324.92 on Friday. The stock has a market capitalization of $17.37 billion, a P/E ratio of 19.46, a PEG ratio of 1.68 and a beta of 0.96. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.19 and a current ratio of 2.16. W W Grainger Inc has a one year low of $255.09 and a one year high of $325.10. The company has a 50 day moving average price of $303.99 and a two-hundred day moving average price of $281.71.

W W Grainger (NYSE:GWW) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.40 by ($0.14). W W Grainger had a net margin of 8.38% and a return on equity of 46.07%. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the firm earned $4.19 earnings per share. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Research analysts forecast that W W Grainger Inc will post 17.46 earnings per share for the current fiscal year.

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 paid a dividend of $1.44 per share. The ex-dividend date is Thursday, November 7th. This represents a $5.76 annualized dividend and a dividend yield of 1.77%. W W Grainger’s dividend payout ratio is presently 34.49%.

About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

Further Reading: What are Institutional Investors?

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

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