Coldstream Capital Management Inc. Has $724,000 Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Coldstream Capital Management Inc. decreased its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 4.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 802 shares of the industrial products company’s stock after selling 37 shares during the period. Coldstream Capital Management Inc.’s holdings in W.W. Grainger were worth $724,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC increased 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 purchasing an additional 17 shares during the period. Scarborough Advisors LLC bought a new position in W.W. Grainger during the 4th quarter worth $28,000. Newbridge Financial Services Group Inc. raised its holdings in W.W. Grainger by 275.0% in 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 in the last quarter. Washington Trust Advisors Inc. lifted its position in shares of 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 valued at $39,000 after acquiring an additional 27 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of W.W. Grainger during the 1st quarter worth $41,000. Institutional investors own 80.70% of the company’s stock.

Insider Activity

In other W.W. Grainger news, SVP Matt Fortin sold 511 shares of W.W. Grainger stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $915.20, for a total transaction of $467,667.20. Following the transaction, the senior vice president now directly owns 1,848 shares of the company’s stock, valued at approximately $1,691,289.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.50% of the company’s stock.

W.W. Grainger Trading Up 0.8 %

Shares of GWW stock opened at $996.56 on Friday. W.W. Grainger, Inc. has a twelve month low of $674.41 and a twelve month high of $1,034.18. The stock’s fifty day simple moving average is $957.69 and its 200 day simple moving average is $954.74. The company has a quick ratio of 1.40, a current ratio of 2.30 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $48.90 billion, a P/E ratio of 27.51, a P/E/G ratio of 1.88 and a beta of 1.16.

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, beating analysts’ consensus estimates of $9.58 by $0.18. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the firm posted $9.28 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, sell-side analysts predict that W.W. Grainger, Inc. will post 38.71 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Monday, August 12th were given a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 0.82%. The ex-dividend date was Monday, August 12th. W.W. Grainger’s dividend payout ratio (DPR) is currently 22.64%.

Wall Street Analyst Weigh In

GWW has been the subject of a number of analyst reports. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Morgan Stanley assumed coverage on shares of W.W. Grainger in a research report on Friday, September 6th. They set an “equal weight” rating and a $990.00 price target on the stock. 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 report on Friday, August 2nd. Robert W. Baird downgraded W.W. Grainger from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $1,000.00 to $975.00 in a report on Wednesday, May 29th. Finally, Baird R W cut W.W. Grainger from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.