Barlow Wealth Partners Inc. Has $13.68 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Barlow Wealth Partners Inc. boosted its stake in W.W. Grainger, Inc. (NYSE:GWW) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,377 shares of the industrial products company’s stock after purchasing an additional 128 shares during the quarter. W.W. Grainger comprises about 1.8% of Barlow Wealth Partners Inc.’s holdings, making the stock its 26th biggest position. Barlow Wealth Partners Inc.’s holdings in W.W. Grainger were worth $13,683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. HWG Holdings LP acquired a new position in shares of W.W. Grainger during the second quarter valued at about $26,000. Valued Wealth Advisors LLC raised its position in W.W. Grainger by 170.0% in the first quarter. Valued Wealth Advisors LLC now owns 27 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 17 shares during the period. Scarborough Advisors LLC purchased a new position in shares of W.W. Grainger in the fourth quarter worth about $28,000. Newbridge Financial Services Group Inc. increased its stake in shares of W.W. Grainger by 275.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 45 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 33 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its stake in shares of W.W. Grainger by 225.0% in the first quarter. Washington Trust Advisors Inc. now owns 39 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 27 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Stock Up 0.0 %

NYSE:GWW traded up $0.38 on Wednesday, reaching $1,028.94. 19,279 shares of the stock traded hands, compared to its average volume of 233,949. The company has a market capitalization of $50.49 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 2.07 and a beta of 1.16. The company has a current ratio of 2.30, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. W.W. Grainger, Inc. has a 12 month low of $674.41 and a 12 month high of $1,049.02. The company’s fifty day simple moving average is $988.70 and its 200 day simple moving average is $959.52.

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

W.W. Grainger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Monday, August 12th were issued a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Monday, August 12th. W.W. Grainger’s payout ratio is 22.64%.

Insider Buying and Selling

In related news, CEO Donald G. Macpherson sold 12,992 shares of the firm’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 transaction, the chief executive officer now owns 98,567 shares of the company’s stock, valued at approximately $102,281,004.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Donald G. Macpherson sold 12,992 shares of the firm’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 transaction, the chief executive officer now owns 98,567 shares of the company’s stock, valued at approximately $102,281,004.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Donald G. Macpherson sold 27,502 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 111,559 shares in the company, valued at approximately $111,650,478.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GWW has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Royal Bank of Canada lowered their price objective 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. Wolfe Research upgraded shares of W.W. Grainger to a “hold” rating in a report on Sunday, September 22nd. Morgan Stanley began coverage on shares of W.W. Grainger in a report on Friday, September 6th. They set an “equal weight” rating and a $990.00 price target for the company. Finally, Bank of America began coverage on shares of W.W. Grainger in a report on Monday. They issued an “underperform” rating and a $925.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $1,005.20.

W.W. Grainger 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.