HB Wealth Management LLC Sells 141 Shares of W.W. Grainger, Inc. (NYSE:GWW)

HB Wealth Management LLC lessened its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 10.1% in the fourth quarter, HoldingsChannel reports. The fund owned 1,250 shares of the industrial products company’s stock after selling 141 shares during the period. HB Wealth Management LLC’s holdings in W.W. Grainger were worth $1,318,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of GWW. International Assets Investment Management LLC raised its stake in W.W. Grainger by 92,754.3% in the 3rd quarter. International Assets Investment Management LLC now owns 87,283 shares of the industrial products company’s stock worth $906,700,000 after purchasing an additional 87,189 shares in the last quarter. Champlain Investment Partners LLC bought a new position in shares of W.W. Grainger during the third quarter worth approximately $55,815,000. Assenagon Asset Management S.A. raised its position in shares of W.W. Grainger by 1,653.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 56,978 shares of the industrial products company’s stock valued at $60,058,000 after buying an additional 53,729 shares in the last quarter. State Street Corp grew its position in W.W. Grainger by 2.3% during the third 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in W.W. Grainger by 8.5% during 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 worth $568,188,000 after acquiring an additional 42,866 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Stock Performance

Shares of GWW stock opened at $1,113.05 on Tuesday. The firm has a market capitalization of $54.21 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 2.70 and a beta of 1.18. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $1,131.22 and its 200-day moving average price is $1,054.04. W.W. Grainger, Inc. has a 12 month low of $855.01 and a 12 month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last posted 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). The business had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.43 earnings per share. Equities research analysts forecast that W.W. Grainger, Inc. will post 38.97 EPS for the current year.

W.W. Grainger Dividend Announcement

The business also recently announced 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. This represents a $8.20 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, November 8th. W.W. Grainger’s dividend payout ratio is currently 22.23%.

Wall Street Analysts Forecast Growth

GWW has been the topic of several analyst reports. Bank of America assumed coverage on W.W. Grainger in a report on Monday, October 7th. They set an “underperform” rating and a $925.00 target price on the stock. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. UBS Group initiated coverage on shares of W.W. Grainger in a report on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price target for the company. Baird R W upgraded shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Robert W. Baird raised W.W. Grainger from a “neutral” rating to an “outperform” rating and raised their target price for the company from $975.00 to $1,230.00 in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $1,140.56.

Insider Buying and Selling at W.W. Grainger

In other news, VP Laurie R. Thomson sold 125 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total value of $150,753.75. Following the sale, the vice president now directly owns 675 shares of the company’s stock, valued at approximately $814,070.25. This represents a 15.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Paige K. Robbins sold 9,577 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the sale, the vice president now owns 4,379 shares of the company’s stock, valued at approximately $4,895,021.36. This trade represents a 68.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,406 shares of company stock worth $11,634,643. Insiders own 9.50% of the company’s stock.

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.