Wilmington Savings Fund Society FSB purchased a new position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 816 shares of the industrial products company's stock, valued at approximately $848,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC increased its holdings in shares of W.W. Grainger by 27.0% during the third quarter. Empowered Funds LLC now owns 2,226 shares of the industrial products company's stock valued at $2,312,000 after acquiring an additional 473 shares in the last quarter. Concord Asset Management LLC VA grew its position in W.W. Grainger by 26.7% in the 3rd quarter. Concord Asset Management LLC VA now owns 2,285 shares of the industrial products company's stock valued at $2,374,000 after purchasing an additional 482 shares during the period. Kinsale Capital Group Inc. increased its stake in W.W. Grainger by 15.3% during the 3rd quarter. Kinsale Capital Group Inc. now owns 5,444 shares of the industrial products company's stock valued at $5,655,000 after purchasing an additional 723 shares in the last quarter. Toronto Dominion Bank raised its holdings in W.W. Grainger by 72.6% during the third quarter. Toronto Dominion Bank now owns 22,045 shares of the industrial products company's stock worth $22,901,000 after buying an additional 9,270 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of W.W. Grainger by 6.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 56,091 shares of the industrial products company's stock valued at $58,268,000 after buying an additional 3,204 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.
Insider Buying and Selling
In other W.W. Grainger news, VP Laurie R. Thomson sold 125 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Donald G. Macpherson sold 12,992 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the sale, the chief executive officer now owns 98,567 shares in the company, valued at approximately $102,281,004.56. This represents a 11.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,398 shares of company stock valued at $25,116,181. 9.50% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
GWW has been the topic of a number of analyst reports. Robert W. Baird upgraded shares of W.W. Grainger from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $975.00 to $1,230.00 in a report on Wednesday, October 16th. Northcoast Research assumed coverage on W.W. Grainger in a report on Tuesday, October 29th. They issued a "neutral" rating on the stock. Bank of America began coverage on W.W. Grainger in a report on Monday, October 7th. They set an "underperform" rating and a $925.00 price target for the company. UBS Group started coverage on W.W. Grainger in a research note on Wednesday, November 13th. They set a "neutral" rating and a $1,280.00 price objective on the stock. Finally, Loop Capital upped 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 note on Monday, October 21st. One analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has assigned 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 target price of $1,109.00.
Read Our Latest Stock Analysis on W.W. Grainger
W.W. Grainger Stock Performance
GWW stock traded down $2.64 during mid-day trading on Monday, hitting $1,139.98. The company had a trading volume of 255,783 shares, compared to its average volume of 233,742. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.59. The firm has a market cap of $55.52 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 3.19 and a beta of 1.16. W.W. Grainger, Inc. has a 12 month low of $800.97 and a 12 month high of $1,227.66. The stock's fifty day moving average price is $1,144.43 and its two-hundred day moving average price is $1,022.25.
W.W. Grainger (NYSE:GWW - Get Free Report) last posted 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). W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same period last year, the firm posted $9.43 EPS. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts forecast that W.W. Grainger, Inc. will post 38.94 earnings per share for the current fiscal year.
W.W. Grainger Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 11th were paid a dividend of $2.05 per share. The ex-dividend date was Friday, November 8th. This represents a $8.20 annualized dividend and a dividend yield of 0.72%. W.W. Grainger's payout ratio is 22.23%.
W.W. Grainger Company Profile
(
Free Report)
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.
Featured Articles
Before you consider W.W. Grainger, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and W.W. Grainger wasn't on the list.
While W.W. Grainger currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
