Resonant Capital Advisors LLC Takes Position in W.W. Grainger, Inc. (NYSE:GWW)

Resonant Capital Advisors LLC bought a new position in W.W. Grainger, Inc. (NYSE:GWW) during the 3rd quarter, Holdings Channel reports. The fund bought 227 shares of the industrial products company’s stock, valued at approximately $236,000.

Other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC grew its position in shares of W.W. Grainger by 36.6% in the 1st quarter. Janus Henderson Group PLC now owns 9,506 shares of the industrial products company’s stock worth $9,664,000 after buying an additional 2,548 shares during the last quarter. ORG Partners LLC raised its holdings in W.W. Grainger by 1,201.6% in the 2nd quarter. ORG Partners LLC now owns 833 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 769 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of W.W. Grainger by 11.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 59,822 shares of the industrial products company’s stock worth $60,857,000 after purchasing an additional 6,042 shares during the period. Cetera Advisors LLC boosted its stake in shares of W.W. Grainger by 576.3% during the 1st quarter. Cetera Advisors LLC now owns 5,559 shares of the industrial products company’s stock valued at $5,655,000 after purchasing an additional 4,737 shares in the last quarter. Finally, Diversified Trust Co increased its position in shares of W.W. Grainger by 280.4% during the second quarter. Diversified Trust Co now owns 2,621 shares of the industrial products company’s stock valued at $2,365,000 after buying an additional 1,932 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Price Performance

Shares of NYSE GWW opened at $1,120.56 on Tuesday. The company has a 50 day moving average of $1,008.79 and a 200 day moving average of $963.74. The company has a quick ratio of 1.40, a current ratio of 2.30 and a debt-to-equity ratio of 0.50. W.W. Grainger, Inc. has a twelve month low of $674.41 and a twelve month high of $1,129.92. The firm has a market cap of $54.98 billion, a P/E ratio of 30.94, a PEG ratio of 2.88 and a beta of 1.16.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.58 by $0.18. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the company posted $9.28 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, research analysts expect that W.W. Grainger, Inc. will post 38.65 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Monday, August 12th were paid a $2.05 dividend. The ex-dividend date was Monday, August 12th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.73%. W.W. Grainger’s dividend payout ratio is presently 22.64%.

Insider Activity

In related news, CEO Donald G. Macpherson sold 12,992 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the sale, the chief executive officer now owns 98,567 shares in the company, valued at approximately $102,281,004.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other W.W. Grainger 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 value of $13,481,538.56. Following the transaction, the chief executive officer now owns 98,567 shares of the company’s stock, valued at approximately $102,281,004.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Donald G. Macpherson sold 27,502 shares of the business’s 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 sale, the chief executive officer now owns 111,559 shares of the company’s stock, valued at approximately $111,650,478.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GWW has been the subject of several research analyst reports. Wolfe Research upgraded shares of W.W. Grainger to a “hold” rating in a report on Sunday, September 22nd. JPMorgan Chase & Co. lifted their price target on W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Loop Capital increased their price objective on W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a report on Monday. Bank of America initiated coverage on shares of W.W. Grainger in a report on Monday, October 7th. They set an “underperform” rating and a $925.00 target price on the stock. Finally, Robert W. Baird upgraded shares of W.W. Grainger from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $975.00 to $1,230.00 in a research note on Wednesday, October 16th. One equities research 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1,043.20.

About W.W. Grainger

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.