Blair William & Co. IL Sells 204 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Blair William & Co. IL reduced its position in W.W. Grainger, Inc. (NYSE:GWW) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,896 shares of the industrial products company’s stock after selling 204 shares during the quarter. Blair William & Co. IL owned approximately 0.12% of W.W. Grainger worth $51,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of W.W. Grainger by 5.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the industrial products company’s stock valued at $168,000 after acquiring an additional 11 shares during the period. Hexagon Capital Partners LLC raised its stake in shares of W.W. Grainger by 10.0% in the first quarter. Hexagon Capital Partners LLC now owns 121 shares of the industrial products company’s stock valued at $124,000 after acquiring an additional 11 shares during the period. Optas LLC raised its stake in shares of W.W. Grainger by 0.8% in the second quarter. Optas LLC now owns 1,353 shares of the industrial products company’s stock valued at $1,221,000 after acquiring an additional 11 shares during the period. Copperwynd Financial LLC raised its stake in shares of W.W. Grainger by 3.6% in the fourth quarter. Copperwynd Financial LLC now owns 347 shares of the industrial products company’s stock valued at $288,000 after acquiring an additional 12 shares during the period. Finally, Aaron Wealth Advisors LLC increased its stake in W.W. Grainger by 2.7% in the 1st quarter. Aaron Wealth Advisors LLC now owns 463 shares of the industrial products company’s stock worth $471,000 after buying an additional 12 shares during the period. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Trading Down 0.1 %

NYSE GWW opened at $1,012.63 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.30. The company has a market capitalization of $49.69 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 1.96 and a beta of 1.16. The company’s 50-day simple moving average is $963.24 and its two-hundred day simple moving average is $955.18. W.W. Grainger, Inc. has a one year low of $674.41 and a one year high of $1,034.18.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, beating analysts’ consensus estimates of $9.58 by $0.18. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.35 billion. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $9.28 EPS. Equities analysts forecast that W.W. Grainger, Inc. will post 38.75 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Monday, August 12th were given a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Monday, August 12th. W.W. Grainger’s payout ratio is currently 22.64%.

Insider Transactions at W.W. Grainger

In other news, CEO Donald G. Macpherson sold 27,502 shares of W.W. Grainger 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 owns 111,559 shares of the company’s stock, valued at approximately $111,650,478.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 9.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Baird R W lowered shares of W.W. Grainger from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Royal Bank of Canada decreased 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. StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, Erste Group Bank reiterated a “hold” rating on shares of W.W. Grainger in a report on Friday, June 14th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, W.W. Grainger has an average rating of “Hold” and an average price target of $1,014.11.

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.