Cidel Asset Management Inc. Sells 10 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Cidel Asset Management Inc. lowered its stake in W.W. Grainger, Inc. (NYSE:GWW) by 3.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 250 shares of the industrial products company’s stock after selling 10 shares during the quarter. Cidel Asset Management Inc.’s holdings in W.W. Grainger were worth $264,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GWW. Atomi Financial Group Inc. lifted its position in shares of W.W. Grainger by 77.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 436 shares of the industrial products company’s stock worth $453,000 after purchasing an additional 190 shares during the period. CWM LLC increased its position in shares of W.W. Grainger by 1.3% during the third quarter. CWM LLC now owns 1,862 shares of the industrial products company’s stock valued at $1,934,000 after buying an additional 24 shares during the period. Wedmont Private Capital raised its stake in W.W. Grainger by 11.0% in the third quarter. Wedmont Private Capital now owns 695 shares of the industrial products company’s stock worth $711,000 after buying an additional 69 shares in the last quarter. LVW Advisors LLC purchased a new stake in W.W. Grainger in the third quarter worth about $265,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in W.W. Grainger by 28.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,611 shares of the industrial products company’s stock valued at $7,901,000 after acquiring an additional 1,702 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Insider Buying and Selling

In related news, VP Laurie R. Thomson sold 125 shares of the company’s stock in a transaction 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 approximately $814,070.25. This represents a 15.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 9.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GWW has been the topic of several recent research reports. Loop Capital upped their price target on W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. reduced their target price on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Northcoast Research started coverage on shares of W.W. Grainger in a research report on Tuesday, October 29th. They set a “neutral” rating for the company. Oppenheimer cut shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. Finally, StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. 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’s stock. According to MarketBeat, W.W. Grainger has an average rating of “Hold” and an average price target of $1,148.56.

W.W. Grainger Stock Performance

Shares of NYSE GWW opened at $1,035.98 on Friday. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. W.W. Grainger, Inc. has a 12-month low of $874.98 and a 12-month high of $1,227.66. The firm has a market capitalization of $50.45 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 2.75 and a beta of 1.17. The firm has a 50 day moving average of $1,101.83 and a 200 day moving average of $1,068.29.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.04). W.W. Grainger had a return on equity of 52.43% and a net margin of 11.12%. During the same period in the previous year, the business earned $8.33 earnings per share. On average, research analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Monday, February 10th will be paid a dividend of $2.05 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.79%. W.W. Grainger’s dividend payout ratio (DPR) is presently 21.18%.

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.