W.W. Grainger, Inc. (NYSE:GWW) Shares Sold by Courier Capital LLC

Courier Capital LLC lowered its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,982 shares of the industrial products company’s stock after selling 41 shares during the period. Courier Capital LLC’s holdings in W.W. Grainger were worth $2,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC increased its holdings in shares of W.W. Grainger by 36.6% during the 1st quarter. Janus Henderson Group PLC now owns 9,506 shares of the industrial products company’s stock worth $9,664,000 after buying an additional 2,548 shares during the last quarter. ORG Partners LLC increased its holdings in W.W. Grainger by 1,201.6% in the 2nd quarter. ORG Partners LLC now owns 833 shares of the industrial products company’s stock valued at $748,000 after purchasing an additional 769 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in W.W. Grainger by 11.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 59,822 shares of the industrial products company’s stock valued at $60,857,000 after purchasing an additional 6,042 shares during the last quarter. Cetera Advisors LLC increased its holdings in W.W. Grainger by 576.3% in the 1st quarter. Cetera Advisors LLC now owns 5,559 shares of the industrial products company’s stock valued at $5,655,000 after purchasing an additional 4,737 shares during the last quarter. Finally, Diversified Trust Co increased its holdings in W.W. Grainger by 280.4% in the 2nd quarter. Diversified Trust Co now owns 2,621 shares of the industrial products company’s stock valued at $2,365,000 after purchasing an additional 1,932 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insider Activity at W.W. Grainger

In related news, CEO Donald G. Macpherson sold 12,992 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 98,567 shares of the company’s stock, valued at $102,281,004.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Donald G. Macpherson sold 12,992 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 98,567 shares of the company’s stock, valued at $102,281,004.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Donald G. Macpherson sold 27,502 shares of the business’s stock in a transaction on Monday, September 16th. The shares were 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 directly 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. 9.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GWW has been the subject of several research reports. Wolfe Research upgraded shares of W.W. Grainger to a “hold” rating in a report on Sunday, September 22nd. Baird R W upgraded shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Bank of America initiated coverage on shares of W.W. Grainger in a report on Monday, October 7th. They issued an “underperform” rating and a $925.00 target price for the company. Loop Capital lifted their target price on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a report on Monday. Finally, Royal Bank of Canada dropped 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 research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,043.20.

W.W. Grainger Price Performance

W.W. Grainger stock opened at $1,092.53 on Thursday. The stock has a market cap of $53.61 billion, a P/E ratio of 30.16, a price-to-earnings-growth ratio of 2.88 and a beta of 1.16. The company has a fifty day simple moving average of $1,014.76 and a 200-day simple moving average of $965.23. W.W. Grainger, Inc. has a 12-month low of $674.41 and a 12-month high of $1,129.92. 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 (NYSE:GWW) last released its quarterly earnings data 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 analysts’ expectations of $4.35 billion. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $9.28 EPS. Equities analysts expect that W.W. Grainger, Inc. will post 38.65 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors 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 dividend on an annualized basis and a yield of 0.75%. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.64%.

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.