Dynamic Technology Lab Private Ltd Takes Position in W.W. Grainger, Inc. (NYSE:GWW)

Dynamic Technology Lab Private Ltd purchased a new stake in W.W. Grainger, Inc. (NYSE:GWW) in the third quarter, Holdings Channel reports. The firm purchased 367 shares of the industrial products company’s stock, valued at approximately $381,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Optas LLC raised its holdings in shares of W.W. Grainger by 0.8% in the 2nd quarter. Optas LLC now owns 1,353 shares of the industrial products company’s stock valued at $1,221,000 after purchasing an additional 11 shares in the last quarter. CX Institutional raised its stake in W.W. Grainger by 0.9% in the third quarter. CX Institutional now owns 1,191 shares of the industrial products company’s stock worth $1,237,000 after buying an additional 11 shares in the last quarter. Sage Mountain Advisors LLC boosted its position in W.W. Grainger by 4.4% during the 2nd quarter. Sage Mountain Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 12 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of W.W. Grainger by 2.7% in the 2nd quarter. Ritholtz Wealth Management now owns 463 shares of the industrial products company’s stock valued at $418,000 after acquiring an additional 12 shares during the period. Finally, Garner Asset Management Corp increased its holdings in shares of W.W. Grainger by 0.7% in the 2nd quarter. Garner Asset Management Corp now owns 1,635 shares of the industrial products company’s stock valued at $1,476,000 after acquiring an additional 12 shares during the period. Institutional investors own 80.70% of the company’s stock.

Insider Buying and Selling at W.W. Grainger

In related news, CEO Donald G. Macpherson sold 27,502 shares of W.W. Grainger stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total transaction of $27,524,551.64. Following the completion of the transaction, the chief executive officer now directly owns 111,559 shares in the company, valued at approximately $111,650,478.38. This trade represents a 19.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Paige K. Robbins sold 9,577 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total value of $10,705,553.68. Following the completion of the sale, the vice president now owns 4,379 shares in the company, valued at approximately $4,895,021.36. This represents a 68.62 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,900 shares of company stock valued at $52,640,733. 9.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Oppenheimer downgraded W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Loop Capital raised their price target on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a report on Monday, October 21st. StockNews.com upgraded shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Bank of America started coverage on shares of W.W. Grainger in a research note on Monday, October 7th. They issued an “underperform” rating and a $925.00 target price for the company. Finally, Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a report on Sunday, September 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $1,109.00.

W.W. Grainger Stock Down 0.0 %

W.W. Grainger stock opened at $1,205.34 on Friday. The business’s 50-day simple moving average is $1,117.48 and its two-hundred day simple moving average is $1,005.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.59. The company has a market cap of $58.70 billion, a PE ratio of 32.67, a PEG ratio of 3.33 and a beta of 1.15. W.W. Grainger, Inc. has a fifty-two week low of $775.00 and a fifty-two week high of $1,227.66.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing analysts’ consensus estimates of $9.98 by ($0.11). W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. The firm had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter in the prior year, the company earned $9.43 EPS. W.W. Grainger’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts anticipate that W.W. Grainger, Inc. will post 38.92 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Monday, November 11th will be given a dividend of $2.05 per share. The ex-dividend date is Friday, November 8th. This represents a $8.20 dividend on an annualized basis and a yield of 0.68%. W.W. Grainger’s dividend payout ratio is presently 22.23%.

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.