Mattern Wealth Management LLC Sells 89 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Mattern Wealth Management LLC decreased its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 27.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 239 shares of the industrial products company’s stock after selling 89 shares during the period. Mattern Wealth Management LLC’s holdings in W.W. Grainger were worth $252,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GWW. APG Asset Management N.V. grew its position in W.W. Grainger by 187.0% during the 2nd quarter. APG Asset Management N.V. now owns 5,065 shares of the industrial products company’s stock worth $4,264,000 after acquiring an additional 3,300 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in W.W. Grainger by 36.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 1,303 shares of the industrial products company’s stock valued at $1,176,000 after acquiring an additional 348 shares during the last quarter. EP Wealth Advisors LLC raised its position in shares of W.W. Grainger by 14.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 8,041 shares of the industrial products company’s stock worth $7,255,000 after acquiring an additional 1,010 shares in the last quarter. HWG Holdings LP bought a new stake in shares of W.W. Grainger during the 2nd quarter valued at about $26,000. Finally, Cetera Investment Advisers boosted its holdings in shares of W.W. Grainger by 7.3% during the 2nd quarter. Cetera Investment Advisers now owns 14,801 shares of the industrial products company’s stock worth $13,354,000 after buying an additional 1,006 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Price Performance

GWW stock opened at $1,131.99 on Tuesday. The company has a fifty day simple moving average of $1,124.86 and a two-hundred day simple moving average of $1,061.60. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. W.W. Grainger, Inc. has a 52 week low of $874.98 and a 52 week high of $1,227.66. The firm has a market capitalization of $55.13 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 2.88 and a beta of 1.18.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the prior year, the business earned $9.43 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Analysts anticipate that W.W. Grainger, Inc. will post 38.95 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 11th were issued a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Friday, November 8th. W.W. Grainger’s payout ratio is presently 22.23%.

Analyst Ratings Changes

GWW has been the subject of a number of recent analyst reports. Northcoast Research initiated coverage on W.W. Grainger in a research note on Tuesday, October 29th. They issued a “neutral” rating for the company. Loop Capital lifted their price objective on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Bank of America assumed coverage on W.W. Grainger in a report on Monday, October 7th. They set an “underperform” rating and a $925.00 price objective on the stock. Oppenheimer cut shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. Finally, StockNews.com downgraded W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1,140.56.

Insider Buying and Selling

In related news, VP Laurie R. Thomson sold 125 shares of W.W. Grainger stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the transaction, the vice president now directly owns 675 shares of the company’s stock, valued at $814,070.25. This trade represents a 15.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Deidra C. Merriwether sold 704 shares of W.W. Grainger stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $1,105.59, for a total transaction of $778,335.36. Following the completion of the transaction, the chief financial officer now directly owns 9,509 shares in the company, valued at approximately $10,513,055.31. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,406 shares of company stock valued at $11,634,643 in the last 90 days. Company insiders own 9.50% of the company’s stock.

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.