Burns J W & Co. Inc. NY Purchases New Position in W.W. Grainger, Inc. (NYSE:GWW)

Burns J W & Co. Inc. NY acquired a new stake in W.W. Grainger, Inc. (NYSE:GWW) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 221 shares of the industrial products company’s stock, valued at approximately $230,000.

Other large investors have also modified their holdings of the company. HWG Holdings LP purchased a new stake in W.W. Grainger in the 2nd quarter valued at $26,000. Valued Wealth Advisors LLC grew its holdings in shares of W.W. Grainger by 170.0% during the first quarter. Valued Wealth Advisors LLC now owns 27 shares of the industrial products company’s stock worth $27,000 after buying an additional 17 shares during the last quarter. Scarborough Advisors LLC acquired a new position in W.W. Grainger in the 4th quarter valued at about $28,000. Newbridge Financial Services Group Inc. raised its stake in W.W. Grainger by 275.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 45 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 33 shares during the last quarter. Finally, Washington Trust Advisors Inc. lifted its position in W.W. Grainger by 225.0% during the 1st 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 period. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Stock Up 0.4 %

GWW opened at $1,033.24 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.30. The company has a market cap of $50.70 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 2.07 and a beta of 1.16. W.W. Grainger, Inc. has a one year low of $674.41 and a one year high of $1,049.02. The business’s fifty day moving average is $986.34 and its two-hundred day moving average is $959.96.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.58 by $0.18. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.35 billion. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.28 EPS. Analysts anticipate that W.W. Grainger, Inc. will post 38.75 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Monday, August 12th were given a $2.05 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $8.20 annualized dividend and a dividend yield of 0.79%. W.W. Grainger’s dividend payout ratio is presently 22.64%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GWW shares. Morgan Stanley began coverage on W.W. Grainger in a report on Friday, September 6th. They issued an “equal weight” rating and a $990.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a report on Sunday, September 22nd. Royal Bank of Canada cut their price target on shares of W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of W.W. Grainger in a report on Friday, June 14th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, W.W. Grainger has a consensus rating of “Hold” and a consensus target price of $1,014.11.

Insider Transactions at W.W. Grainger

In other W.W. Grainger news, 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 transaction 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 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,992 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 98,567 shares in the company, valued at approximately $102,281,004.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Donald G. Macpherson sold 27,502 shares of W.W. Grainger stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total transaction of $27,524,551.64. Following the sale, the chief executive officer now owns 111,559 shares of the company’s stock, valued at approximately $111,650,478.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.

About W.W. Grainger

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.