Mutual of America Capital Management LLC Sells 162 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Mutual of America Capital Management LLC cut its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,309 shares of the industrial products company’s stock after selling 162 shares during the period. Mutual of America Capital Management LLC’s holdings in W.W. Grainger were worth $5,596,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GWW. Swedbank AB lifted its stake in W.W. Grainger by 23.5% in the third quarter. Swedbank AB now owns 193,888 shares of the industrial products company’s stock worth $201,413,000 after purchasing an additional 36,892 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of W.W. Grainger by 5.7% during the third quarter. Farther Finance Advisors LLC now owns 1,456 shares of the industrial products company’s stock valued at $1,513,000 after acquiring an additional 79 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of W.W. Grainger by 10.6% during the third quarter. Van ECK Associates Corp now owns 12,357 shares of the industrial products company’s stock valued at $13,500,000 after acquiring an additional 1,181 shares during the last quarter. Angeles Wealth Management LLC raised its stake in shares of W.W. Grainger by 46.4% during the third quarter. Angeles Wealth Management LLC now owns 429 shares of the industrial products company’s stock valued at $446,000 after acquiring an additional 136 shares during the last quarter. Finally, Northeast Investment Management bought a new position in shares of W.W. Grainger during the third quarter valued at about $208,000. 80.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GWW has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. lowered their price objective 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 set a “neutral” rating and a $1,280.00 price objective for the company. Royal Bank of Canada lowered their price objective 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. Finally, StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, W.W. Grainger currently has an average rating of “Hold” and a consensus price target of $1,148.56.

W.W. Grainger Price Performance

Shares of GWW opened at $999.11 on Tuesday. The stock has a market cap of $48.17 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 2.70 and a beta of 1.17. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49. W.W. Grainger, Inc. has a fifty-two week low of $874.98 and a fifty-two week high of $1,227.66. The firm’s 50-day simple moving average is $1,061.50 and its two-hundred day simple moving average is $1,075.91.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the firm posted $8.33 earnings per share. Analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were issued a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Monday, February 10th. W.W. Grainger’s dividend payout ratio (DPR) is presently 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.