Brighton Jones LLC Purchases 102 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Brighton Jones LLC grew its position in W.W. Grainger, Inc. (NYSE:GWW) by 46.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 320 shares of the industrial products company’s stock after purchasing an additional 102 shares during the period. Brighton Jones LLC’s holdings in W.W. Grainger were worth $338,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. HWG Holdings LP bought a new stake in W.W. Grainger in the 2nd quarter valued at approximately $26,000. GHP Investment Advisors Inc. raised its holdings in shares of W.W. Grainger by 250.0% in the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 20 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of W.W. Grainger by 111.1% in the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 20 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in W.W. Grainger by 38.9% during the third quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 14 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in W.W. Grainger in the third quarter valued at $75,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Deidra C. Merriwether sold 704 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $1,105.59, for a total value of $778,335.36. Following the completion of the transaction, the chief financial officer now owns 9,509 shares of the company’s stock, valued at $10,513,055.31. The trade was a 6.89 % 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 Laurie R. Thomson sold 125 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the sale, the vice president now owns 675 shares in the company, valued at $814,070.25. The trade was a 15.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,406 shares of company stock worth $11,634,643 in the last quarter. 9.50% of the stock is currently owned by corporate insiders.

W.W. Grainger Stock Up 0.9 %

W.W. Grainger stock opened at $1,131.99 on Tuesday. The company’s 50-day moving average price is $1,124.86 and its two-hundred day moving average price is $1,061.60. 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 stock has a market cap of $55.13 billion, a P/E ratio of 30.69, a P/E/G ratio of 2.88 and a beta of 1.18. W.W. Grainger, Inc. has a twelve month low of $874.98 and a twelve month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last announced its earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter last year, the business posted $9.43 EPS. W.W. Grainger’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, analysts expect that W.W. Grainger, Inc. will post 38.95 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm 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. This represents a $8.20 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Friday, November 8th. W.W. Grainger’s dividend payout ratio is 22.23%.

Wall Street Analyst Weigh In

GWW has been the topic of several analyst reports. UBS Group began coverage on shares of W.W. Grainger in a research report on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price target on the stock. Oppenheimer cut W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Robert W. Baird raised W.W. Grainger from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $975.00 to $1,230.00 in a research report on Wednesday, October 16th. Bank of America assumed coverage on W.W. Grainger in a research note on Monday, October 7th. They set an “underperform” rating and a $925.00 price objective on the stock. Finally, Baird R W raised shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $1,140.56.

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.