Tompkins Financial Corp Sells 13 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Tompkins Financial Corp lessened its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 5.3% in the fourth quarter, Holdings Channel reports. The firm owned 232 shares of the industrial products company’s stock after selling 13 shares during the period. Tompkins Financial Corp’s holdings in W.W. Grainger were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. State Street Corp grew its position in W.W. Grainger by 2.3% during the third quarter. State Street Corp now owns 1,997,191 shares of the industrial products company’s stock valued at $2,074,702,000 after buying an additional 45,369 shares during the period. FMR LLC boosted its stake in W.W. Grainger by 2.6% in the third quarter. FMR LLC now owns 1,617,149 shares of the industrial products company’s stock valued at $1,679,911,000 after acquiring an additional 40,992 shares during the last quarter. Geode Capital Management LLC grew its position in shares of W.W. Grainger by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,167,031 shares of the industrial products company’s stock valued at $1,208,610,000 after acquiring an additional 28,626 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of W.W. Grainger by 8.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 546,960 shares of the industrial products company’s stock worth $568,188,000 after purchasing an additional 42,866 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of W.W. Grainger by 4.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 324,367 shares of the industrial products company’s stock worth $336,956,000 after purchasing an additional 12,805 shares during the period. 80.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at W.W. Grainger

In other W.W. Grainger news, VP Laurie R. Thomson sold 125 shares of the business’s 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 value of $150,753.75. Following the completion of the transaction, the vice president now owns 675 shares of the company’s stock, valued at $814,070.25. The trade was a 15.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paige K. Robbins sold 9,577 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the completion of the transaction, the vice president now directly owns 4,379 shares in the company, valued at $4,895,021.36. The trade was a 68.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,406 shares of company stock valued at $11,634,643 in the last 90 days. Corporate insiders own 9.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wolfe Research raised W.W. Grainger to a “hold” rating in a report on Sunday, September 22nd. Northcoast Research began coverage on W.W. Grainger in a research note on Tuesday, October 29th. They set a “neutral” rating for the company. StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. Loop Capital increased their target price on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada lifted their target price on shares of W.W. Grainger from $1,018.00 to $1,125.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. One equities research 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $1,140.56.

W.W. Grainger Price Performance

GWW stock opened at $1,109.85 on Friday. The firm has a 50 day moving average of $1,135.16 and a 200-day moving average of $1,049.25. The firm has a market capitalization of $54.05 billion, a P/E ratio of 30.09, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. W.W. Grainger, Inc. has a 12 month low of $836.84 and a 12 month high of $1,227.66. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing the consensus estimate of $9.98 by ($0.11). The firm had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.40 billion. W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $9.43 earnings per share. As a group, sell-side analysts predict that W.W. Grainger, Inc. will post 38.97 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 11th were paid a $2.05 dividend. The ex-dividend date was Friday, November 8th. This represents a $8.20 dividend on an annualized basis and a yield of 0.74%. W.W. Grainger’s dividend payout ratio is currently 22.23%.

About W.W. Grainger

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.