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Meritage Portfolio Management Sells 2,065 Shares of W.W. Grainger, Inc. (NYSE:GWW)

W.W. Grainger logo with Industrial Products background

Meritage Portfolio Management decreased its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 23.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,882 shares of the industrial products company's stock after selling 2,065 shares during the period. Meritage Portfolio Management's holdings in W.W. Grainger were worth $7,149,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. HWG Holdings LP bought a new position in shares of W.W. Grainger during the 2nd quarter worth approximately $26,000. GHP Investment Advisors Inc. boosted its holdings in shares of W.W. Grainger by 250.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company's stock worth $29,000 after buying an additional 20 shares during the period. Washington Trust Advisors Inc. lifted its position in W.W. Grainger by 225.0% during the first quarter. Washington Trust Advisors Inc. now owns 39 shares of the industrial products company's stock worth $39,000 after acquiring an additional 27 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of W.W. Grainger during the first quarter worth approximately $41,000. Finally, Triad Wealth Partners LLC bought a new position in shares of W.W. Grainger during the second quarter worth approximately $42,000. Institutional investors own 80.70% of the company's stock.

Insider Activity at W.W. Grainger

In other news, VP Paige K. Robbins sold 9,577 shares of W.W. Grainger stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the completion of the transaction, the vice president now directly owns 4,379 shares in the company, valued at $4,895,021.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other W.W. Grainger news, VP Paige K. Robbins sold 9,577 shares of the company's 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 directly owns 4,379 shares of the company's stock, valued at approximately $4,895,021.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Donald G. Macpherson sold 12,992 shares of the company's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the completion of the transaction, the chief executive officer now directly owns 98,567 shares of the company's stock, valued at approximately $102,281,004.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,775 shares of company stock worth $52,489,979 in the last quarter. Company insiders own 9.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GWW. Baird R W raised shares of W.W. Grainger from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. Wolfe Research raised W.W. Grainger to a "hold" rating in a research report on Sunday, September 22nd. Northcoast Research started coverage on shares of W.W. Grainger in a research report on Tuesday, October 29th. They set a "neutral" rating for the company. Royal Bank of Canada boosted their price objective on shares of 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. Finally, Loop Capital raised their target price on W.W. Grainger from $900.00 to $1,100.00 and gave the company a "hold" rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $1,058.50.

Get Our Latest Analysis on W.W. Grainger

W.W. Grainger Trading Up 1.3 %

NYSE:GWW traded up $15.42 during trading hours on Friday, hitting $1,202.35. 287,239 shares of the company were exchanged, compared to its average volume of 234,711. The company has a fifty day simple moving average of $1,054.52 and a 200 day simple moving average of $979.58. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $58.55 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15. W.W. Grainger, Inc. has a one year low of $772.13 and a one year high of $1,210.27.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $9.87 earnings per share for the quarter, missing the consensus estimate of $9.98 by ($0.11). The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $9.43 earnings per share. Sell-side analysts expect that W.W. Grainger, Inc. will post 38.91 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Monday, November 11th will be paid a $2.05 dividend. The ex-dividend date is Friday, November 8th. This represents a $8.20 annualized dividend and a dividend yield of 0.68%. W.W. Grainger's dividend payout ratio is currently 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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Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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