Courier Capital LLC decreased its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 27.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,431 shares of the industrial products company's stock after selling 551 shares during the quarter. Courier Capital LLC's holdings in W.W. Grainger were worth $1,509,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of W.W. Grainger during the third quarter worth approximately $848,000. Toronto Dominion Bank grew its holdings in W.W. Grainger by 72.6% during the 3rd quarter. Toronto Dominion Bank now owns 22,045 shares of the industrial products company's stock worth $22,901,000 after acquiring an additional 9,270 shares in the last quarter. Empowered Funds LLC increased its position in shares of W.W. Grainger by 27.0% in the 3rd quarter. Empowered Funds LLC now owns 2,226 shares of the industrial products company's stock valued at $2,312,000 after purchasing an additional 473 shares during the last quarter. Concord Asset Management LLC VA raised its holdings in shares of 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 in the last quarter. Finally, MML Investors Services LLC lifted its position in shares of W.W. Grainger by 8.1% during the 3rd quarter. MML Investors Services LLC now owns 7,146 shares of the industrial products company's stock worth $7,424,000 after purchasing an additional 537 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.
Insider Transactions at W.W. Grainger
In related news, CFO Deidra C. Merriwether sold 704 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $1,105.59, for a total value of $778,335.36. Following the completion of the sale, the chief financial officer now owns 9,509 shares in the company, valued at $10,513,055.31. This trade represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Paige K. Robbins sold 9,577 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the sale, the vice president now directly owns 4,379 shares in the company, valued at approximately $4,895,021.36. This represents a 68.62 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,406 shares of company stock valued at $11,634,643. Corporate insiders own 9.50% of the company's stock.
Wall Street Analyst Weigh In
GWW has been the topic of several recent analyst reports. Wolfe Research raised W.W. Grainger to a "hold" rating in a report on Sunday, September 22nd. Royal Bank of Canada raised their price objective on shares of W.W. Grainger from $1,018.00 to $1,125.00 and gave the stock a "sector perform" rating in a report on Friday, November 1st. Bank of America assumed coverage on shares of W.W. Grainger in a report on Monday, October 7th. They issued an "underperform" rating and a $925.00 target price for the company. Loop Capital boosted their price target on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the company a "hold" rating in a research report on Monday, October 21st. Finally, Baird R W raised W.W. Grainger from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $1,140.56.
Check Out Our Latest Stock Report on W.W. Grainger
W.W. Grainger Stock Performance
GWW stock traded up $14.78 during trading on Tuesday, hitting $1,090.76. The company had a trading volume of 133,848 shares, compared to its average volume of 220,231. W.W. Grainger, Inc. has a 1-year low of $833.50 and a 1-year high of $1,227.66. The firm has a 50-day moving average price of $1,139.49 and a 200-day moving average price of $1,047.21. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. The firm has a market cap of $53.12 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 3.15 and a beta of 1.18.
W.W. Grainger (NYSE:GWW - Get Free Report) last released its earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $9.98 by ($0.11). W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. The company had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same period in the previous year, the firm posted $9.43 EPS. The company's revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts expect that W.W. Grainger, Inc. will post 38.94 earnings per share for the current year.
W.W. Grainger Dividend Announcement
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 of this dividend was Friday, November 8th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.75%. W.W. Grainger's dividend payout ratio (DPR) is 22.23%.
About W.W. Grainger
(
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.
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