W.W. Grainger, Inc. (NYSE:GWW) is Mattern Capital Management LLC’s 5th Largest Position

Mattern Capital Management LLC reduced its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,461 shares of the industrial products company’s stock after selling 163 shares during the period. W.W. Grainger accounts for about 1.7% of Mattern Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Mattern Capital Management LLC’s holdings in W.W. Grainger were worth $13,135,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GWW. International Assets Investment Management LLC lifted its position in W.W. Grainger by 92,754.3% during the 3rd quarter. International Assets Investment Management LLC now owns 87,283 shares of the industrial products company’s stock valued at $906,700,000 after acquiring an additional 87,189 shares during the period. AustralianSuper Pty Ltd lifted its position in W.W. Grainger by 694.1% during the 4th quarter. AustralianSuper Pty Ltd now owns 76,674 shares of the industrial products company’s stock valued at $80,818,000 after acquiring an additional 67,018 shares during the period. Champlain Investment Partners LLC purchased a new position in W.W. Grainger in the third quarter worth about $55,815,000. Assenagon Asset Management S.A. raised its holdings in W.W. Grainger by 1,653.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 56,978 shares of the industrial products company’s stock worth $60,058,000 after buying an additional 53,729 shares during the last quarter. Finally, State Street Corp raised its holdings in W.W. Grainger by 2.3% in the third quarter. State Street Corp now owns 1,997,191 shares of the industrial products company’s stock worth $2,074,702,000 after buying an additional 45,369 shares during the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GWW. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. Morgan Stanley lifted their target price on shares of 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. JPMorgan Chase & Co. reduced their price target on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. UBS Group initiated coverage on shares of W.W. Grainger in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price target for the company. Finally, Royal Bank of Canada reduced their price target on shares of W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating for the company in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, W.W. Grainger presently has an average rating of “Hold” and a consensus price target of $1,148.56.

W.W. Grainger Stock Up 0.3 %

Shares of GWW stock opened at $1,023.99 on Friday. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66. The stock has a market cap of $49.87 billion, a P/E ratio of 26.45, a P/E/G ratio of 2.69 and a beta of 1.17. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. The company has a 50 day simple moving average of $1,075.53 and a two-hundred day simple moving average of $1,072.00.

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

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Monday, February 10th will be issued a dividend of $2.05 per share. The ex-dividend date is Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a yield of 0.80%. W.W. Grainger’s dividend payout ratio is currently 21.18%.

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.