Concurrent Investment Advisors LLC Has $389,000 Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Concurrent Investment Advisors LLC cut its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 374 shares of the industrial products company’s stock after selling 21 shares during the period. Concurrent Investment Advisors LLC’s holdings in W.W. Grainger were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Austin Private Wealth LLC acquired a new position in W.W. Grainger during the 3rd quarter valued at about $213,000. Crestwood Advisors Group LLC increased its stake in shares of W.W. Grainger by 4.9% in the 3rd quarter. Crestwood Advisors Group LLC now owns 323 shares of the industrial products company’s stock valued at $336,000 after acquiring an additional 15 shares during the last quarter. Geneva Partners LLC increased its stake in shares of W.W. Grainger by 6.6% in the 3rd quarter. Geneva Partners LLC now owns 1,994 shares of the industrial products company’s stock valued at $2,071,000 after acquiring an additional 123 shares during the last quarter. Amalgamated Bank increased its stake in shares of W.W. Grainger by 10.5% in the 3rd quarter. Amalgamated Bank now owns 10,304 shares of the industrial products company’s stock valued at $10,704,000 after acquiring an additional 977 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of W.W. Grainger by 16.8% in the 3rd quarter. QRG Capital Management Inc. now owns 2,581 shares of the industrial products company’s stock valued at $2,681,000 after acquiring an additional 371 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Donald G. Macpherson sold 27,502 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 111,559 shares of the company’s stock, valued at approximately $111,650,478.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Donald G. Macpherson sold 27,502 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 111,559 shares of the company’s stock, valued at approximately $111,650,478.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Donald G. Macpherson sold 12,992 shares of the firm’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 sale, the chief executive officer now directly owns 98,567 shares of the company’s stock, valued at $102,281,004.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,775 shares of company stock valued at $52,489,979. 9.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GWW shares. Morgan Stanley started coverage on W.W. Grainger in a research note on Friday, September 6th. They issued an “equal weight” rating and a $990.00 price target for the company. Bank of America started coverage on W.W. Grainger in a research note on Monday, October 7th. They issued an “underperform” rating and a $925.00 price target for the company. Northcoast Research assumed coverage on W.W. Grainger in a research note on Tuesday, October 29th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. increased their target price on W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Robert W. Baird raised W.W. Grainger from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $975.00 to $1,230.00 in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, W.W. Grainger has a consensus rating of “Hold” and an average price target of $1,058.50.

W.W. Grainger Price Performance

Shares of GWW opened at $1,202.35 on Monday. The stock has a market capitalization of $58.55 billion, a P/E ratio of 32.59, a P/E/G ratio of 3.32 and a beta of 1.15. W.W. Grainger, Inc. has a twelve month low of $772.13 and a twelve month high of $1,210.27. The company has a 50 day moving average of $1,054.52 and a 200-day moving average of $979.58. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share for the quarter, missing the consensus estimate of $9.98 by ($0.11). The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. W.W. Grainger’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $9.43 earnings per share. As a group, equities research analysts forecast that W.W. Grainger, Inc. will post 38.91 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Monday, November 11th will be issued a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, November 8th. W.W. Grainger’s payout ratio is presently 22.23%.

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.