Callan Family Office LLC Takes $288,000 Position in W.W. Grainger, Inc. (NYSE:GWW)

Callan Family Office LLC acquired a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 277 shares of the industrial products company’s stock, valued at approximately $288,000.

Other large investors have also made changes to their positions in the company. Valued Wealth Advisors LLC raised its position 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 valued at $27,000 after buying an additional 17 shares during the last quarter. HWG Holdings LP acquired a new position in W.W. Grainger in the second quarter worth about $26,000. Scarborough Advisors LLC acquired a new position in W.W. Grainger in the fourth quarter worth about $28,000. Washington Trust Advisors Inc. raised its position in W.W. Grainger by 225.0% in the first quarter. Washington Trust Advisors Inc. now owns 39 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 27 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in W.W. Grainger in the first quarter worth about $41,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a research report on Sunday, September 22nd. Erste Group Bank reissued a “hold” rating on shares of W.W. Grainger in a research report on Friday, June 14th. Morgan Stanley assumed coverage on shares of W.W. Grainger in a report on Friday, September 6th. They set an “equal weight” rating and a $990.00 price objective for the company. Bank of America assumed coverage on shares of W.W. Grainger in a report on Monday. They set an “underperform” rating and a $925.00 price objective for the company. Finally, Royal Bank of Canada dropped their price objective on shares of W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, W.W. Grainger presently has an average rating of “Hold” and an average target price of $1,005.20.

Insider Buying and Selling at W.W. Grainger

In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,992 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 98,567 shares of the company’s stock, valued at approximately $102,281,004.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Donald G. Macpherson sold 12,992 shares of W.W. Grainger 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 directly owns 98,567 shares in the company, valued at approximately $102,281,004.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.

W.W. Grainger Price Performance

GWW opened at $1,028.56 on Wednesday. W.W. Grainger, Inc. has a one year low of $674.41 and a one year high of $1,049.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.30 and a quick ratio of 1.40. The company’s 50 day simple moving average is $988.70 and its 200-day simple moving average is $959.52. The stock has a market capitalization of $50.47 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 2.07 and a beta of 1.16.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, beating the consensus estimate 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 business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the prior year, the firm earned $9.28 earnings per share. W.W. Grainger’s revenue was up 3.1% compared to the same quarter last year. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Monday, August 12th were paid a $2.05 dividend. The ex-dividend date was Monday, August 12th. This represents a $8.20 dividend on an annualized basis and a yield of 0.80%. W.W. Grainger’s payout ratio 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.