Tompkins Financial Corp Has $245,000 Stake in W.W. Grainger, Inc. (NYSE:GWW)

Tompkins Financial Corp cut its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 232 shares of the industrial products company’s stock after selling 13 shares during the quarter. Tompkins Financial Corp’s holdings in W.W. Grainger were worth $245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. lifted its stake in shares of W.W. Grainger by 250.0% in the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 20 shares during the period. HWG Holdings LP bought a new position in W.W. Grainger during the 2nd quarter worth approximately $26,000. Larson Financial Group LLC raised its holdings in W.W. Grainger by 111.1% during the 3rd quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 20 shares during the last quarter. Fortitude Family Office LLC lifted its position in shares of W.W. Grainger by 38.9% in the 3rd quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 14 shares during the period. Finally, Ashton Thomas Securities LLC bought a new stake in shares of W.W. Grainger in the 3rd quarter valued at $75,000. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Trading Up 1.5 %

NYSE GWW opened at $1,109.85 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. W.W. Grainger, Inc. has a 52 week low of $836.84 and a 52 week high of $1,227.66. The business has a 50 day moving average price of $1,135.16 and a 200-day moving average price of $1,049.25. The company has a market cap of $54.05 billion, a price-to-earnings ratio of 30.09, a P/E/G ratio of 2.70 and a beta of 1.18.

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 analysts’ consensus estimates of $9.98 by ($0.11). The business had revenue of $4.39 billion for 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 business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $9.43 EPS. As a group, equities analysts expect that W.W. Grainger, Inc. will post 38.97 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 11th were paid a dividend of $2.05 per share. The ex-dividend date of this dividend 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 (DPR) is currently 22.23%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GWW. Baird R W raised shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Loop Capital lifted their price objective on 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. Royal Bank of Canada upped their target price on W.W. Grainger from $1,018.00 to $1,125.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st. Morgan Stanley lifted their target price 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, Bank of America began coverage on W.W. Grainger in a research note on Monday, October 7th. They issued an “underperform” rating and a $925.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1,140.56.

Insiders Place Their Bets

In other news, VP Paige K. Robbins sold 9,577 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $1,117.84, for a total value of $10,705,553.68. Following the completion of the sale, the vice president now owns 4,379 shares in the company, valued at $4,895,021.36. This represents a 68.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Laurie R. Thomson sold 125 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the transaction, the vice president now owns 675 shares in the company, valued at approximately $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. In the last ninety days, insiders sold 10,406 shares of company stock valued at $11,634,643. Corporate insiders own 9.50% of the company’s stock.

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.