W.W. Grainger, Inc. (NYSE:GWW) Shares Acquired by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC increased its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,176 shares of the industrial products company’s stock after purchasing an additional 162 shares during the quarter. Insight Wealth Strategies LLC’s holdings in W.W. Grainger were worth $4,338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GWW. HWG Holdings LP acquired a new stake in shares of W.W. Grainger during the second quarter worth about $26,000. Valued Wealth Advisors LLC lifted 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 purchased a new position in W.W. Grainger during the fourth quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. raised its position in W.W. Grainger by 275.0% during the fourth 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. Finally, Washington Trust Advisors Inc. raised its position in W.W. Grainger by 225.0% during the first 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 in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insider Buying and Selling

In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,992 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,992 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Donald G. Macpherson sold 27,502 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the transaction, the chief executive officer now directly owns 111,559 shares in the company, valued at $111,650,478.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently 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. Wolfe Research upgraded W.W. Grainger to a “hold” rating in a research report on Sunday, September 22nd. JPMorgan Chase & Co. lifted their price target on 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. Royal Bank of Canada reduced their price target on W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Finally, Bank of America initiated coverage on W.W. Grainger in a research report on Monday. They issued an “underperform” rating and a $925.00 price objective for the company. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $1,005.20.

W.W. Grainger Price Performance

Shares of GWW traded up $4.73 during trading hours on Tuesday, hitting $1,027.57. 2,985 shares of the stock were exchanged, compared to its average volume of 234,464. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.30. W.W. Grainger, Inc. has a 12-month low of $674.41 and a 12-month high of $1,049.02. The company has a market cap of $50.42 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 2.07 and a beta of 1.16. The stock’s 50-day moving average price is $987.46 and its two-hundred day moving average price is $959.51.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the business earned $9.28 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Research analysts expect that W.W. Grainger, Inc. will post 38.75 earnings per share for the current year.

W.W. Grainger Dividend Announcement

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