Bremer Bank National Association Has $533,000 Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Bremer Bank National Association decreased its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 506 shares of the industrial products company’s stock after selling 34 shares during the period. Bremer Bank National Association’s holdings in W.W. Grainger were worth $533,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of W.W. Grainger during the third quarter valued at approximately $848,000. Trust Co. of Toledo NA OH boosted its position in shares of W.W. Grainger by 313.3% during the fourth quarter. Trust Co. of Toledo NA OH now owns 1,521 shares of the industrial products company’s stock valued at $1,603,000 after buying an additional 1,153 shares during the last quarter. Empowered Funds LLC boosted its position in shares of W.W. Grainger by 27.0% during the third quarter. Empowered Funds LLC now owns 2,226 shares of the industrial products company’s stock valued at $2,312,000 after buying an additional 473 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of W.W. Grainger by 72.6% during the third quarter. Toronto Dominion Bank now owns 22,045 shares of the industrial products company’s stock valued at $22,901,000 after buying an additional 9,270 shares during the last quarter. Finally, Concord Asset Management LLC VA boosted its position in shares of W.W. Grainger by 26.7% during the third quarter. Concord Asset Management LLC VA now owns 2,285 shares of the industrial products company’s stock valued at $2,374,000 after buying an additional 482 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

Shares of GWW opened at $1,113.05 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.68. W.W. Grainger, Inc. has a 1 year low of $855.01 and a 1 year high of $1,227.66. The firm has a market cap of $54.21 billion, a PE ratio of 30.17, a PEG ratio of 2.70 and a beta of 1.18. The stock’s fifty day moving average price is $1,133.37 and its two-hundred day moving average price is $1,052.65.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data 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 net margin of 10.80% and a return on equity of 51.78%. The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the previous year, the firm posted $9.43 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts forecast that W.W. Grainger, Inc. will post 38.97 EPS for the current year.

W.W. Grainger Announces Dividend

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 $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, November 8th. W.W. Grainger’s payout ratio is 22.23%.

Wall Street Analyst Weigh In

A number of analysts recently commented on GWW shares. Northcoast Research started coverage on W.W. Grainger in a report on Tuesday, October 29th. They set a “neutral” rating on the stock. Baird R W upgraded W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Bank of America started coverage on W.W. Grainger in a report on Monday, October 7th. They set an “underperform” rating and a $925.00 price target on the stock. Morgan Stanley lifted their price target on W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 19th. Finally, Oppenheimer lowered W.W. Grainger from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1,140.56.

Insider Buying and Selling

In related news, CFO Deidra C. Merriwether sold 704 shares of the business’s stock in a transaction dated 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 $10,513,055.31. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Laurie R. Thomson sold 125 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total value of $150,753.75. Following the transaction, the vice president now owns 675 shares in the company, valued at $814,070.25. This trade represents a 15.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,406 shares of company stock worth $11,634,643 over the last ninety days. 9.50% of the stock is owned by corporate insiders.

W.W. Grainger 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.