Miracle Mile Advisors LLC Buys 65 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Miracle Mile Advisors LLC grew its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 18.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 421 shares of the industrial products company’s stock after acquiring an additional 65 shares during the quarter. Miracle Mile Advisors LLC’s holdings in W.W. Grainger were worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. lifted its holdings in W.W. Grainger by 5.2% in the second quarter. Federated Hermes Inc. now owns 10,614 shares of the industrial products company’s stock valued at $9,576,000 after acquiring an additional 523 shares during the period. Edgestream Partners L.P. bought a new position in shares of W.W. Grainger in the 2nd quarter worth approximately $1,098,000. Tredje AP fonden boosted its holdings in shares of W.W. Grainger by 59.3% in the second quarter. Tredje AP fonden now owns 8,385 shares of the industrial products company’s stock worth $7,565,000 after buying an additional 3,120 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in W.W. Grainger by 8.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,831 shares of the industrial products company’s stock valued at $5,254,000 after buying an additional 475 shares during the period. Finally, O Brien Greene & Co. Inc increased its holdings in W.W. Grainger by 6.5% during the second quarter. O Brien Greene & Co. Inc now owns 1,730 shares of the industrial products company’s stock valued at $1,561,000 after buying an additional 105 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GWW has been the topic of several analyst reports. Northcoast Research initiated coverage on shares of W.W. Grainger in a research note on Tuesday, October 29th. They set a “neutral” rating on the stock. Wolfe Research raised W.W. Grainger to a “hold” rating in a report on Sunday, September 22nd. Bank of America initiated coverage on W.W. Grainger in a research note on Monday, October 7th. They issued an “underperform” rating and a $925.00 price objective on the stock. Loop Capital boosted their price objective on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Finally, UBS Group started coverage on shares of W.W. Grainger in a report on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $1,140.56.

Insider Transactions at W.W. Grainger

In related news, VP Laurie R. Thomson sold 125 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the sale, the vice president now owns 675 shares of the company’s stock, valued at $814,070.25. This represents a 15.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Deidra C. Merriwether sold 704 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $1,105.59, for a total transaction of $778,335.36. Following the transaction, the chief financial officer now owns 9,509 shares of the company’s stock, valued at $10,513,055.31. This trade represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,406 shares of company stock valued at $11,634,643 in the last ninety days. Corporate insiders own 9.50% of the company’s stock.

W.W. Grainger Trading Up 0.6 %

W.W. Grainger stock opened at $1,093.92 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.68. The firm’s 50 day moving average price is $1,138.78 and its 200-day moving average price is $1,048.51. W.W. Grainger, Inc. has a 1 year low of $833.50 and a 1 year high of $1,227.66. The stock has a market cap of $53.27 billion, a P/E ratio of 29.65, a PEG ratio of 3.15 and a beta of 1.18.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing the consensus estimate of $9.98 by ($0.11). The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.43 EPS. On average, equities analysts predict that W.W. Grainger, Inc. will post 38.94 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 11th were paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Friday, November 8th. W.W. Grainger’s payout ratio is 22.23%.

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.