Signal Advisors Wealth LLC Sells 10 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Signal Advisors Wealth LLC trimmed its position in W.W. Grainger, Inc. (NYSE:GWW) by 2.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 398 shares of the industrial products company’s stock after selling 10 shares during the period. Signal Advisors Wealth LLC’s holdings in W.W. Grainger were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of GWW. State Street Corp increased its position in W.W. Grainger by 2.3% in the 3rd quarter. State Street Corp now owns 1,997,191 shares of the industrial products company’s stock worth $2,074,702,000 after buying an additional 45,369 shares during the period. FMR LLC increased its position in W.W. Grainger by 2.6% during the third quarter. FMR LLC now owns 1,617,149 shares of the industrial products company’s stock worth $1,679,911,000 after acquiring an additional 40,992 shares during the period. Geode Capital Management LLC raised its stake in W.W. Grainger by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,167,031 shares of the industrial products company’s stock valued at $1,208,610,000 after purchasing an additional 28,626 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in W.W. Grainger by 8.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 546,960 shares of the industrial products company’s stock valued at $568,188,000 after purchasing an additional 42,866 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in W.W. Grainger by 4.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 324,367 shares of the industrial products company’s stock worth $336,956,000 after purchasing an additional 12,805 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Price Performance

NYSE:GWW opened at $1,093.92 on Thursday. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. The firm has a market cap of $53.27 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 3.15 and a beta of 1.18. W.W. Grainger, Inc. has a 12 month low of $833.50 and a 12 month high of $1,227.66. The company’s 50-day moving average price is $1,138.78 and its two-hundred day moving average price is $1,048.51.

W.W. Grainger (NYSE:GWW) last announced its 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). W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The business had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same period in the previous year, the firm earned $9.43 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that W.W. Grainger, Inc. will post 38.94 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Monday, November 11th were given a dividend of $2.05 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $8.20 annualized dividend and a yield of 0.75%. W.W. Grainger’s dividend payout ratio (DPR) is 22.23%.

Wall Street Analysts Forecast Growth

GWW has been the subject of a number of research analyst reports. Bank of America began coverage on shares of W.W. Grainger in a research report on Monday, October 7th. They set an “underperform” rating and a $925.00 price objective for the company. UBS Group began coverage on W.W. Grainger in a report on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price objective on the stock. Northcoast Research initiated coverage on W.W. Grainger in a research note on Tuesday, October 29th. They issued a “neutral” rating for the company. Royal Bank of Canada lifted their price target on shares of W.W. Grainger from $1,018.00 to $1,125.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. Finally, Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a report on Sunday, September 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1,140.56.

Insiders Place Their Bets

In other news, VP Laurie R. Thomson sold 125 shares of the stock in a transaction that occurred 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 directly 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, VP Paige K. Robbins sold 9,577 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total value of $10,705,553.68. Following the transaction, the vice president now directly owns 4,379 shares in the company, valued at approximately $4,895,021.36. This represents a 68.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,406 shares of company stock valued at $11,634,643 in the last 90 days. 9.50% of the stock is currently owned by insiders.

W.W. Grainger Company 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.