W.W. Grainger, Inc. (NYSE:GWW) Stock Holdings Lessened by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC cut its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 40.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,015 shares of the industrial products company’s stock after selling 701 shares during the quarter. Axxcess Wealth Management LLC’s holdings in W.W. Grainger were worth $916,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of W.W. Grainger by 5.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the industrial products company’s stock valued at $168,000 after purchasing an additional 11 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of W.W. Grainger by 10.0% in the first quarter. Hexagon Capital Partners LLC now owns 121 shares of the industrial products company’s stock worth $124,000 after buying an additional 11 shares during the period. Optas LLC increased its position in shares of W.W. Grainger by 0.8% in the second quarter. Optas LLC now owns 1,353 shares of the industrial products company’s stock worth $1,221,000 after acquiring an additional 11 shares in the last quarter. Aaron Wealth Advisors LLC raised its holdings in shares of W.W. Grainger by 2.7% during the first quarter. Aaron Wealth Advisors LLC now owns 463 shares of the industrial products company’s stock valued at $471,000 after acquiring an additional 12 shares during the period. Finally, Copperwynd Financial LLC lifted its position in shares of W.W. Grainger by 3.6% in the 4th quarter. Copperwynd Financial LLC now owns 347 shares of the industrial products company’s stock valued at $288,000 after acquiring an additional 12 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Stock Up 1.7 %

Shares of W.W. Grainger stock opened at $1,030.10 on Friday. The stock has a 50-day simple moving average of $965.43 and a 200-day simple moving average of $955.58. W.W. Grainger, Inc. has a 52-week low of $674.41 and a 52-week high of $1,034.18. The firm has a market cap of $50.55 billion, a price-to-earnings ratio of 28.44, a P/E/G ratio of 1.96 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.30 and a quick ratio of 1.40.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $4.35 billion. During the same period in the previous year, the company earned $9.28 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts expect that W.W. Grainger, Inc. will post 38.75 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

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

Insider Buying and Selling at W.W. Grainger

In other news, CEO Donald G. Macpherson sold 27,502 shares of the company’s 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 completion of the sale, the chief executive officer now owns 111,559 shares in the company, valued at approximately $111,650,478.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GWW shares. Erste Group Bank reiterated a “hold” rating on shares of W.W. Grainger in a research report on Friday, June 14th. StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. JPMorgan Chase & Co. raised their price objective on 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. Baird R W cut W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Finally, Robert W. Baird lowered shares of W.W. Grainger from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $1,000.00 to $975.00 in a research report on Wednesday, May 29th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1,014.11.

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.