Magnus Financial Group LLC Purchases Shares of 201 W.W. Grainger, Inc. (NYSE:GWW)

Magnus Financial Group LLC purchased a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW) during the third quarter, Holdings Channel reports. The fund purchased 201 shares of the industrial products company’s stock, valued at approximately $209,000.

A number of other institutional investors have also bought and sold shares of the company. Swedbank AB boosted its position in shares of W.W. Grainger by 23.5% during the 3rd quarter. Swedbank AB now owns 193,888 shares of the industrial products company’s stock worth $201,413,000 after purchasing an additional 36,892 shares in the last quarter. Zhang Financial LLC bought a new position in shares of W.W. Grainger during the 3rd quarter worth about $216,000. NBC Securities Inc. boosted its position in shares of W.W. Grainger by 4.6% during the 3rd quarter. NBC Securities Inc. now owns 590 shares of the industrial products company’s stock worth $612,000 after purchasing an additional 26 shares in the last quarter. Creative Planning boosted its position in shares of W.W. Grainger by 13.8% during the 3rd quarter. Creative Planning now owns 11,560 shares of the industrial products company’s stock worth $11,491,000 after purchasing an additional 1,405 shares in the last quarter. Finally, CX Institutional boosted its position in shares of W.W. Grainger by 0.9% during the 3rd quarter. CX Institutional now owns 1,191 shares of the industrial products company’s stock worth $1,237,000 after purchasing an additional 11 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Trading Up 2.5 %

NYSE:GWW opened at $1,112.93 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 firm has a market cap of $54.61 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 2.88 and a beta of 1.16. W.W. Grainger, Inc. has a 52 week low of $674.41 and a 52 week high of $1,115.63. The firm has a 50-day moving average price of $1,002.92 and a two-hundred day moving average price of $962.39.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, beating the consensus estimate of $9.58 by $0.18. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates 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 business posted $9.28 EPS. On average, equities analysts expect that W.W. Grainger, Inc. will post 38.65 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Monday, August 12th were paid a $2.05 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $8.20 annualized dividend and a yield of 0.74%. W.W. Grainger’s dividend payout ratio (DPR) is 22.64%.

Wall Street Analysts Forecast Growth

GWW has been the topic of a number of research analyst reports. Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a research report on Sunday, September 22nd. Royal Bank of Canada cut their price objective on shares of W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Bank of America assumed 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 on the stock. Finally, Morgan Stanley assumed coverage on shares of W.W. Grainger in a report on Friday, September 6th. They issued an “equal weight” rating and a $990.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $1,030.70.

Insiders Place Their Bets

In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 111,559 shares in the company, valued at $111,650,478.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Donald G. Macpherson sold 12,992 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the transaction, the chief executive officer now directly owns 98,567 shares in the company, valued at approximately $102,281,004.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Donald G. Macpherson sold 27,502 shares of the stock in a transaction dated 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 in the company, valued at $111,650,478.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.