BB&T Corp Lowers Holdings in W W Grainger Inc (NYSE:GWW)

BB&T Corp lessened its holdings in W W Grainger Inc (NYSE:GWW) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,268 shares of the industrial products company’s stock after selling 60 shares during the period. BB&T Corp’s holdings in W W Grainger were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of GWW. Kavar Capital Partners LLC acquired a new stake in shares of W W Grainger during the 2nd quarter worth $26,000. Arrow Financial Corp boosted its stake in W W Grainger by 41.7% in the second quarter. Arrow Financial Corp now owns 170 shares of the industrial products company’s stock valued at $46,000 after buying an additional 50 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in W W Grainger by 858.8% in the third quarter. Meeder Asset Management Inc. now owns 163 shares of the industrial products company’s stock valued at $48,000 after buying an additional 146 shares in the last quarter. Parallel Advisors LLC boosted its stake in W W Grainger by 34.1% in the second quarter. Parallel Advisors LLC now owns 181 shares of the industrial products company’s stock valued at $49,000 after buying an additional 46 shares in the last quarter. Finally, CSat Investment Advisory L.P. boosted its stake in W W Grainger by 150.7% in the second quarter. CSat Investment Advisory L.P. now owns 188 shares of the industrial products company’s stock valued at $50,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 72.06% of the company’s stock.

Several analysts recently weighed in on GWW shares. JPMorgan Chase & Co. raised their price objective on W W Grainger from $297.00 to $301.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Buckingham Research raised their price objective on W W Grainger from $295.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $291.78.

In related news, VP John L. Howard sold 11,716 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $305.68, for a total transaction of $3,581,346.88. Following the completion of the sale, the vice president now directly owns 54,933 shares in the company, valued at approximately $16,791,919.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eric R. Tapia sold 865 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $319.52, for a total value of $276,384.80. Following the sale, the vice president now owns 3,276 shares of the company’s stock, valued at $1,046,747.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,921 shares of company stock valued at $3,965,960. 8.50% of the stock is owned by company insiders.

Shares of GWW traded down $1.92 during mid-day trading on Monday, reaching $315.03. 242,491 shares of the company were exchanged, compared to its average volume of 443,588. 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 52 week low of $255.09 and a 52 week high of $327.76. The business has a 50 day simple moving average of $315.86 and a two-hundred day simple moving average of $285.28. The stock has a market capitalization of $17.07 billion, a PE ratio of 18.86, a PEG ratio of 1.60 and a beta of 0.97.

W W Grainger (NYSE:GWW) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.40 by ($0.14). W W Grainger had a return on equity of 46.07% and a net margin of 8.38%. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the firm posted $4.19 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that W W Grainger Inc will post 17.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Monday, November 11th were given a dividend of $1.44 per share. This represents a $5.76 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Thursday, November 7th. W W Grainger’s payout ratio is 34.49%.

W W Grainger Company Profile

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.

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

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