SeaCrest Wealth Management LLC Decreases Stock Holdings in W.W. Grainger, Inc. (NYSE:GWW)

SeaCrest Wealth Management LLC decreased its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 27.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,123 shares of the industrial products company's stock after selling 429 shares during the period. SeaCrest Wealth Management LLC's holdings in W.W. Grainger were worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Unique Wealth LLC raised its stake in W.W. Grainger by 9.7% during the 4th quarter. Unique Wealth LLC now owns 1,647 shares of the industrial products company's stock worth $1,736,000 after acquiring an additional 146 shares during the period. Miracle Mile Advisors LLC lifted its stake in shares of W.W. Grainger by 18.3% during the 4th quarter. Miracle Mile Advisors LLC now owns 421 shares of the industrial products company's stock valued at $443,000 after buying an additional 65 shares in the last quarter. Enterprise Bank & Trust Co boosted its holdings in W.W. Grainger by 12.4% in the 4th quarter. Enterprise Bank & Trust Co now owns 900 shares of the industrial products company's stock worth $949,000 after buying an additional 99 shares during the period. Trust Co. of Toledo NA OH increased its stake in W.W. Grainger by 313.3% in the 4th quarter. Trust Co. of Toledo NA OH now owns 1,521 shares of the industrial products company's stock worth $1,603,000 after buying an additional 1,153 shares in the last quarter. Finally, Fiduciary Alliance LLC purchased a new stake in W.W. Grainger in the 4th quarter worth $202,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at W.W. Grainger

In other W.W. Grainger news, VP Laurie R. Thomson sold 125 shares of W.W. Grainger stock in a transaction on 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 completion of the sale, the vice president now directly 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 document filed with the SEC, which is available at this hyperlink. Also, VP Paige K. Robbins sold 9,577 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total value of $10,705,553.68. Following the transaction, the vice president now directly owns 4,379 shares in the company, valued at $4,895,021.36. The trade was a 68.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,406 shares of company stock worth $11,634,643 in the last 90 days. 9.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GWW has been the topic of several recent analyst reports. Northcoast Research started coverage on W.W. Grainger in a research note on Tuesday, October 29th. They set a "neutral" rating on the stock. StockNews.com lowered shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research report on Thursday, December 19th. Loop Capital boosted their price target 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. Oppenheimer lowered W.W. Grainger from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada raised their price target on W.W. Grainger from $1,018.00 to $1,125.00 and gave the company a "sector perform" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, W.W. Grainger presently has an average rating of "Hold" and a consensus target price of $1,140.56.

W.W. Grainger Trading Up 1.8 %

W.W. Grainger stock traded up $19.25 during midday trading on Thursday, reaching $1,112.61. The stock had a trading volume of 161,500 shares, compared to its average volume of 262,865. 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 $54.18 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. W.W. Grainger, Inc. has a 52-week low of $836.84 and a 52-week high of $1,227.66. The company has a fifty day moving average of $1,136.75 and a 200 day moving average of $1,048.83.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued its quarterly 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 return on equity of 51.78% and a net margin of 10.80%. The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same period in the prior year, the business posted $9.43 earnings per share. W.W. Grainger's revenue was up 4.3% on a year-over-year basis. On average, analysts anticipate 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. Investors of record on Monday, November 11th were paid a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, November 8th. W.W. Grainger's dividend payout ratio is presently 22.23%.

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.